Free Life Accident and Health Insurance Basics Practice Questions
Texas General Lines — Life, Accident, Health & HMO exam (series InsTX-LAH05) — 100 practice questions.
Subtopics: Insurable interest, Insurable interest own life, Representations, Material misrepresentation, Consideration, Corporate beneficiary, Life settlements, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value, Application signatures, Third-party consent, Application changes, Incomplete application, Premium receipt, Risk classification, Substandard rating, Underwriting sources, Accelerated underwriting, Genetic information, STOLI, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
Read the Life Accident and Health Insurance Basics study guide
Sample questions & answers
1. For life insurance in Texas, insurable interest must exist:
At the time of application
For life insurance, insurable interest must exist at the inception (application) of the policy.
2. A person applying for insurance on their own life in Texas:
Always has an insurable interest in their own life
A person is always considered to have an insurable interest in their own life.
3. Statements an applicant believes to be true to the best of their knowledge are:
Representations
Representations are statements believed true to the best of the applicant's knowledge.
4. A misstatement on a life application that would have changed the insurer's underwriting decision is:
A material misrepresentation
A misstatement that affects underwriting is a material misrepresentation.
All General Lines — Life, Accident, Health & HMO topics
Practice: Life Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
