Texas Life and Health Insurance Exam
2024
1. A 45 year-old woman won $100,000 in a scratch-off lottery ticket.
She purchased an annuity that will pay her $1500 per month
beginning at age 60. Which of these annuities did this woman
purchase? - ✔✔Deferred Fixed Annuity
2. A characteristic of preferred provider organization (PPOs) would be:
- ✔✔Discounted fees for the patient
3. A Disability Income policyowner recently submitted a claim for a
chronic neck problem that has now resulted in total disability. The
original neck injury occurred before the application was taken 5
years prior. The neck injury was never disclosed to the insurer at the
time of application. How will the insurer handle this claim? -
✔✔Claim will be paid and coverage will remain in force
4. A foreign insurance company conducting insurance business in Texas
- ✔✔was formed under the-laws of another state
5. A Hospital/Surgical Expense policy was purchased for a family of four
in March of 2013. The policy was issued with a $500 deductible and a
limit of four deductibles per calendar year. Two claims were paid in
September 2013, each incurring medical expenses in excess of the
deductible. Two additional claims were filed in 2014, each in excess
