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Texas Life and Health Insurance Exam 150 Questions

A study-sharing site offering verified Q&A for the Texas Life and Health Insurance Exam. Ideal for candidates preparing for certification with updated 2023 content, covering key laws, policies, and insurance concepts.

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Texas Life and Health Insurance Exam 150Questions and Answers (Verified Solutions) 2023-TEXAS LIFE LATEST UPDATE GRADED AAt what point must a life insurance applicant be informed of their rights that fall underthe Fair Credit Reporting Act? - ANSWER»Upon completion of the applicationWho elects the governing body of a mutual insurance company? -A N S W E R »policyholdersAn insurance applicant MUST be informed of an investigation regarding his/herreputation and character according to the - ANSWER» Fair Credit Reporting ActWhat type of reinsurance contract involves two companies automatically sharing theirrisk exposure? - AN S W E R » TreatyThe stated amount or percent of liquid assets that an insurer must have on hand thatwill satisfy future obligations to its policyholders is called - ANSWER»reservesWhich of the following requires insurers to disclose when an applicant's consumer orcredit history is being investigated - ANSWER>>1970 - Fair Credit Reporting ActWhat is the consideration given by an insurer in the Consideration clause of a lifepolicy? - ANSWER»Promise to pay a death benefitWhen third-party ownership is involved, applicants who also happen to be the statedprimary beneficiary are required to have - ANSWER»insurable interest in the proposedinsured

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