A Foreign Insurance Company Conducting Insurance Business In Texas

Question: What is the MINIMUM benefit period that must be offered by a long-term care policy?

Answer: 12 months

Question: Under Texas insurance law, the term “transacting business” includes

Answer: collecting premiums

Question: Which Unfair Trade Practice involves an agent telling a prospective client that a policy’s dividends are guaranteed?

*Coercion

*Fraud

*Misrepresentation

*Sliding

Answer: Misrepresentation

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

Employees,

supervisors,

administrators,

orindividuals who are related by blood

Answer: individuals who are related by blood. A group life insurance policy may not insure groups consisting exclusively of persons who are related by marriage, blood or legal adoption.

Question: An insurance agent has a fiduciary responsibility to all the following EXCEPT:

applicants

insureds

insurers

other agents

Answer: Other agents

Question: How long does an insurance company appointment remain in force?

Answer: Until terminated

Question: An insured may assign up to ______ of policy ownership under an individual life insurnace policy.

Answer: 100%

Question: Every 12-months after the initial enrollment period, and HMO must hold an open enrollment period of

Answer: 31 Days

Question: Which of the following is a valid reason for an enrollee to be cancelled by a Health Maintenance Organization (HMO) plan?

Answer: Nonpayment of coverage

Question: Which of the following is NOT a required provision in group Life policies?

Free look

incontestable

conversion

right to loan

Answer: Right to Loan