Free Insurance Regulation Practice Questions
Texas Life Agent exam (series InsTX-Life01) — 170 practice questions.
Subtopics: Continuing education, Continuing education ethics, Licensing authority, License term, Temporary license, Reporting to TDI, Appointment, Commissions, Nonresident license, Certificate of authority, Commissioner powers, Rebating, Misrepresentation, Twisting, Defamation, Boycott coercion intimidation, Unfair discrimination, Insurance fraud, Unfair claims settlement, Prompt payment, Cease and desist, License revocation, Misappropriation of funds, Guaranty association, Replacement, Commissioner appointment, Change of address, Incorporating a sole proprietorship, Controlled business, Sharing commissions, Federal felony bar, Appointment termination, Records maintenance, HIV testing consent, Privacy notice, False advertising, Replacement conservation, Administrative penalties, Agent role, Solicitation defined, Filing complaints, License reinstatement, Surplus lines, Insurer examination, Denial grounds, CE noncompliance, Insurable interest and public policy, Free look start, Commissioner term, TDI duties, Department inquiries, Examination of insurers, Examination powers, Emergency cease and desist, Sanctions, Unfair practice hearings, Contested case notice, Private action damages, Business of insurance, Domestic foreign alien, Fraternal benefit societies, Unlicensed referrals, License qualifications, Temporary license training, Temporary license restrictions, Appointments, Termination for cause, License expiration, Late renewal, Interstate move, Reapplying after revocation, Disciplinary remedies, Grounds for discipline, Renewal commissions, Referral fees, Exam exemptions, Nonresident licensing, Fraud reporting, Fraud reporting immunity, Rebating exceptions, Advertising control, Lead solicitations, Comparison advertising, Guaranty association limits, Guaranty association advertising, License types, Fair Credit Reporting Act, Fraud and false statements, Privacy and Do Not Call, USA PATRIOT Act AML, McCarran-Ferguson Act, Telephone Consumer Protection Act, Investigative report notice, Investigative report disclosure, Obsolete information, FCRA purpose, Consumer rights, False pretenses penalty, 18 USC 1033 consent, 18 USC 1033 penalties, Embezzlement by insurance persons, False statements to regulators, AML covered products, Suspicious activity reports, Cash reporting, AML program elements, Money laundering red flags, Do Not Call hours, Established business relationship, GLBA opt-out, GLBA initial notice, Nonpublic personal information, McCarran-Ferguson, South-Eastern Underwriters, Boycott exception, NAIC role, Federal securities regulation, Prospectus delivery, Producer license required, Commingling, License revocation causes, National Producer Number, Replacement definition, Replacement notice, Replacing insurer duty, Replacement free look, Annuity best interest, Best interest obligations, Consumer profile information, Annuity training, Insurer supervision, Illustration signatures, Illustration prohibitions, Buyer's guide timing, Viatical settlement, Viatical broker duty, Settlement provider, Settlement vs surrender
Read the Insurance Regulation study guide
Sample questions & answers
1. How many hours of continuing education must a resident Texas life agent complete during each two-year license period?
24 hours
Texas requires 24 hours of continuing education each two-year license period to renew an agent license.
2. Of the 24 continuing education hours a Texas life agent must complete each license period, how many must be in ethics?
3 hours
Tex. Ins. Code 4004.054 (amended effective September 1, 2021) requires three hours of ethics continuing education in each license renewal period.
3. Which entity licenses and regulates insurance agents in Texas?
The Texas Department of Insurance
The Texas Department of Insurance, headed by the Commissioner of Insurance, licenses and regulates agents.
4. A resident Texas insurance agent license is generally issued for a term of:
Two years
An individual agent license expires on the license holder's birthday every two years and is renewed biennially.
Practice: Insurance Regulation
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.
