TX GENERAL LINES LIFE, ACCIDENT AND
HEALTH EXAM PREP Questions and Answers Guide (Guaranteed Succes) Latest 2025 Health insurance coverage under COBRA, HIPAA guarantees that the person will - Correct Answers ✅Have Acces to a guaranteed-issue individual health policy, regardless of health All the following statements about ordinary (or straight) whole life insurance are correct - Correct Answers ✅The cash value remains level throughout the life of the policy Which activity in NOT an error or omission that makes an agent or producer legally to both the insurance and the insure - Correct Answers ✅Placing insurance with an approved surplus line insurer All the following statements about the taxation of annuities
are correct EXEPT: - Correct Answers ✅Qualified annuities
are taxes no different than no qualified annuities Which of the following statements about utmost good faith in insurance is correct - Correct Answers ✅Both the insurance and the insurer must act in utmost good faith Which annuity settlement option pays income for the annuitant's life, but no less than for a specified number of year - Correct Answers ✅Life income with period certain 1 / 4
TX GENERAL LINES LIFE, ACCIDENT AND
HEALTH EXAM PREP Questions and Answers Guide (Guaranteed Succes) Latest 2025 Tim has paid only four premium totally $1000 on his health insurance policy when he was diagnosed with cancer. The insurance company paid more than $100.000 to cover the medical bills for his treatments which of the following characteristics of insurance contracts - Correct Answers ✅They are aleatory Jack, an insurance agent, offers free season football tickets to anyone who buys a life insurance policy from him. This sales practice is called - Correct Answers ✅rebating After Todd was injured in a car crash, he received occupational theyto help him return to work. His disability income policy paid for this therapy because it had - Correct Answers ✅A rehabilitation provision If a small employer insurance decides to terminate all small employer health benefits plans it issues in TEXAS, it must notify the TEXAS commissioner and all affected employer of its intent to do so at least - Correct Answers ✅At least 180 days before it ends coverage Contract characteristics is unique to insurance contracts but NOT all contracts - Correct Answers ✅Unilateral When first meeting prospective insurance applicants, a producer must give them a document that explains the 2 / 4
TX GENERAL LINES LIFE, ACCIDENT AND
HEALTH EXAM PREP Questions and Answers Guide (Guaranteed Succes) Latest 2025 general features, benefits, and condition of type of insurance being considered. Which is called a - Correct Answers ✅Buyer's Guide Abby, who life in New York she is a licensed life insurance agent , wants to apply fo a nonresident license in Texas. To do so, she must submit which of the following to TDI - Correct Answers ✅An aplicación, few and letter of certification from her home state Amanda used a basic illustration to help Mark. a potencial cliente, de understand how the cash value of his life insurance policy would grow. Mark then agreed to buy the policy. Which of the following best describes Amanda's duties which respect to delivering a copy of the illustration used - Correct Answers ✅Amanda must deliver a signed copy ilustración to both Mark and the insurer With respect to the transfer-for-value rule, which of the following situations would result in the new owner being subject to tax on the policy's gain upon the insured's death - Correct Answers ✅Policy is sold by the insured to neighborhood in exchange for cash Which of the following describes the options available with a universal life insurance policy the owner no longer wishes to maintain - Correct Answers ✅Surrender the policy for its 3 / 4
TX GENERAL LINES LIFE, ACCIDENT AND
HEALTH EXAM PREP Questions and Answers Guide (Guaranteed Succes) Latest 2025 cash value or let the policy continue without premium until the cash value can no longer cover monthly deductions A section 125 cafeteria plan may cover which of these expenses - Correct Answers ✅Health insurance premiums An insurance producer tells a life insurance applicant that he has the authority to waive the medical exam that is normally required by the insurer with every application. The insurer may be required to accept the application without a medical
exam due to the producers: - Correct Answers ✅Apparent
authority A long-term care rider on a life insurance policy will pay benefits if the insured is diagnosed as chronically ill due to which of the following? - Correct Answers ✅Either a medical or cognitive (mental health) reason Which federal law group health plans and protects their enrollees - Correct Answers ✅A What type of state regulation gives a person in poor health or with a pre-existing condition the opportunity to buy health insurance - Correct Answers ✅Guaranteed issue
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