Texas Statutes and Riles Pertinent To Life Insurance Only
Conversion to an individual whole life policy is permitted with out evidence of insurability within how many days of the termination of employment?
31 days
How soon from the termination of debt under a credit life insurance policy must a creditor provide notice to the insurer?
60 days
Which of the following is used to compare the cost of one life insurance policy against another in order to guide prospective purchasers to policies that are competitively priced?
Cost Comparison Methods
True about credit life insurance?
Creditor is the policyowner
Which of the following is NOT allowed in a credit life insurance?
Creditor requiring that a debtor buys insurance from a certain insurer
The usage of words or symbols that are similar to what entity is prohibited in life insurance advertisements?
Federal Government
What provision in a life or health insurance policy extends coverage beyond the premium due date?
Grace period
Which of the following must be included in all life insurance advertisements?
Identity of the actual insurer
Which of the following documents must be provided to the policy owner or applicant during policy replacement?
Notice Regarding Replacement
Which of the following may be included on an insurance advertisement?
Testimonials from compensated individuals
Which of the following is NOT required on an illustration used in a dale of life insurance policy?
The name of the primary and secondary beneficiaries (it states what can come in the policy a general idea)
Which of the following CANNOT be included along with illustrations used to sell life insurance?
Vanishing premium information - nothing that implies the policy becomes paid up
Upon the submission of a death claim under a life insurance policy, when must the insurer pay the policy benefit?
Within 2 months
Credit Life Insurance
a type of coverage written to insure the life of the debtor and pay off the balance of the loan in the event of the death of the debtor
