Chapter 8 -
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what is required for an agent whose license has been revoked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
