Chapter 8 -

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

ownership under an indivual

100%

what is mini period that must be offerec by a long term car policy

12 months

an employee is covered under a company group life plan with a $50,000

25000

the insurance commissioner must give how many days notice prior to holding a hearing regarding an agents unfair or deceptive practice?

30 days

In Texas, an individual life insurance policy is Required to have a grace period

31 days

how long can a cash surrender value payment be deffered

6 months

temp license is valid for

90 days

As a condition for a loan, a bank requires the borrower to purchase credit insurance from a specific company. What is the bank guilty of?

Coercion

Which of the following is a valid reason for an enrollee to be cancelled by a health maintenance organization (HMO) plan?

Nonpayment of coverage

which of the following groups may not be insured by a group life insurance policy

related by blood

ex of rebating

returning a portion of a premium as inducement to purchase insurance

to terminate an agent's appointment, an insurance company must

send termination notice to the Texas Dept of Insurance

Why would the Insurance Commissioner examine the records of an insurance company?

to determine the solvency of the company

how long does an insurance company appointment remain in force

until terminated

what is required for an agent whose license has been revoked

wait at least 5 yrs

a plan through the market place may be purchased by

any legtal resident (except those imprisoned)

a certificate of _________ permits an insurance company to transact business in Texas.

authority

a foreign insurance company conducting insurance business in Texas

is not subject to Texas insurance laws

credit life insurance is

issued on a debtor to cover outstanding loan balances

Whic of the folloowing may not charge fees for insurance advice?

legal reserve agents

Which of the following is Not a required provision in group life policies?

Right to load

the phrase transacting business includes

collecting premiums

an evidence of coverage form may be issued by a HMO after being approved by the

commissioner

Which of the following statements about health coverage for newborns is not true

coverage is limited to only congenital defects

an insurance company

foreign

a domestic insurance company in Texas is considered a company that

formed in tx

A license may be denied, suspended, or revoked if the licensee

is found guilty of misrepresentation in obtaining the license

an applicant must receive an outline of coverage when the application is take for

medicare supplement policy

which unfair trade practices ivolv es an agent telling a prospective cl;ient that dividents are3 guaretneed

misprepresentation


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