Fourth Quarter

Anyone who violates the Insurance Code of Texas may be fined up to..

$25,000.

How many hours of continuing education can be carried over from one licensing period to the next?

0

In all health care plans under the Affordable Care Act (ACA), how many essential benefit categories are there?

10

How long is the incontestability period in group life insurance policies issued in Texas?

2 years

If an agent has completed 35 hours of continuing education in one renewal period, how many CE hours will the agent have to complete in the next renewal period?

24

The Patient Protection and Affordable Care Act mandates that insurers provide coverage for dependent children up to age of..

26

Conversion to an individual whole life policy is permitted without evidence of insurability within how many days of the termination of employment?

31 days

If an insurance company offers Medicare supplement policies, it must offer which of the following plans?

A

If a policyowner surrenders his life insurance policy that has been in force for 5 years within 60 days after the premium due date, what will the insurer be required to pay?

A cash surrender value

Which of the following individuals could legally receive commissions from the sale of a life insurance policy?

A licensed life insurance agent

What is the primary difference between Health Maintenance Organization (HMO) network models and group models?

A network-model HMO contracts with multiple physician groups to provide services to members.

How must a replacing producer respond to an applicant wishing to replace existing life insurance?

The producer must provide the applicant with a Notice Regarding Replacement.

Which of the following is true regarding Medicare supplement policies?

They must be at least guaranteed renewable.

An insurance agent wants for a client to replace her current annuities plan with another one. He presents the new one in an incomplete and dishonest way, which makes the new contract seem far more appealing than the original one. The policyowner ends up surrendering her original contract and replacing it with the new one. Which term best describes what the agent did?

Twisting

All of the following must be true of an individual before a license can be issued EXCEPT that the..

Applicant submitted their most recent tax return to the department.

In Texas, the Commissioner of Insurance is..

Appointed by the Governor.

An insured's premium increases as a result of her age. Which type of policy does she have?

Attained Age

All of the following are considered unfair or deceptive acts in connection with the sale of insurance EXCEPT..

Attempting to settle a claim in which liability is clear.

An insurer that holds a Certificate of Authority in the state in which it transacts business is considered a/an..

Authorized insurer.

Which of the following is NOT required to be stated in the outline of coverage provided with a long-term care policy?

Basic information about supplementary policies

All of the following are true of the Key Person disability income policy EXCEPT..

Benefits are considered taxable income to the business.

Which of the following must an insurer obtain in order to transact insurance within a given state?

Certificate of authority

Which of the following is TRUE regarding Health Maintenance Organization (HMO) health insurance coverage?

Coverage is primarily provided on a prepaid basis.

Which of the following would be the beneficiary in credit life insurance?

Creditor

If a licensed agent in Texas receives a criminal conviction, that information must be reported to..

Department of Insurance.

Which of the following is NOT a term for the period of time during which the annuitant or the beneficiary receives income?

Depreciation period

An insurance company has published a brochure that inaccurately portrays the advantages of a particular insurance policy. What is this an example of?

False advertising

Which rider, when attached to a permanent life insurance policy, provides an amount of insurance on every family member?

Family term rider

Which of the following entities is not an insurer but an organization formed to provide insurance benefits for members of an affiliated lodge or religious organization?

Fraternal benefit society

Which of the following health insurance plans does NOT require an insured to pay a deductible?

HMO

Under the Affordable Care Act, health insurance cannot be underwritten based on which of the following factors about the applicant?

Health condition

Which of the following must be included in all life insurance advertisements?

Identity of the actual insurer

As a field underwriter, a producer is responsible for all of the following tasks EXCEPT..

Issue the policy that is requested.

The regulations regarding replacement apply to which of the following?

Renewable term

It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability?

Sexual orientation

An agent receives an Emergency Cease and Desist Order for chronically misrepresenting his insurance policies. The agent knows that he did not commit the violations stated in the Emergency Cease and Desist Order. He wants to contest the charges in a court hearing. Which of the following is true?

The hearing must be held within 30 days of receiving a request, unless both parties agree to a later date.

An individual applies for a life policy. Two years ago he suffered a head injury from an accident, so he cannot remember parts of his past, but is otherwise competent. He has also been hospitalized for drug abuse, but does not remember this when applying for insurance. The insurer issues the policy and learns of his history one year later. What will probably happen?

The policy will not be affected.