Texas life and health practice exam

1. How many hours of continuing education must a Texas life and health agent complete each two-year renewal period?

1. 24 hours, with no ethics requirement
2. 24 hours, including 3 hours of ethics
3. 20 hours, including 2 hours of ethics
4. 30 hours, including 3 hours of ethics

2. For a Texas agent's CE, how much of the required hours must be classroom or classroom equivalent?

1. At least one-quarter
2. None of them
3. At least half
4. All of them

3. A Texas temporary agent license is valid for:

1. 180 days after issuance
2. 90 days after issuance
3. 30 days after issuance
4. 1 year after issuance

4. A Texas license holder must notify the department of a felony conviction no later than:

1. The 30th day after the conviction
2. The 10th day after the conviction
3. The next license renewal
4. The 60th day after the conviction

1. Texas requires a life insurance policy to provide a grace period for each premium after the first of at least:

1. 60 days
2. One month
3. 10 days
4. 31 days

2. In Texas, a life policy that has been in force during the insured's lifetime for how long is incontestable, except for nonpayment of premium?

1. 5 years from its date of issue
2. 1 year from its date of issue
3. 3 years from its date of issue
4. 2 years from its date of issue

3. In Texas, a lapsed life policy may be reinstated within:

1. 2 years after the date of default
2. 1 year after the date of default
3. 3 years after the date of default
4. 5 years after the date of default

4. In Texas, a death claim must be settled no later than how long after the insurer receives proof of death and of the claimant's right to the proceeds?

1. 2 months
2. 6 months
3. 30 days
4. 10 days

1. Under Texas law, the owner of a replacement life policy or annuity may return it for a full refund within:

1. 20 days of delivery
2. 10 days of delivery
3. 45 days of delivery
4. 30 days of delivery

2. In Texas, the replacing insurer must notify the existing insurer no later than:

1. The 30th day after policy delivery
2. The 5th business day after receiving a completed application indicating replacement
3. The 10th business day after policy issue
4. 24 hours after the sale

3. Texas insurers must keep replacement notifications until at least the:

1. 3rd anniversary of the notification
2. 10th anniversary of the notification
3. 5th anniversary of the date of the notification
4. 1st anniversary of the notification

1. The Texas Life and Health Insurance Guaranty Association covers individual annuities up to:

1. $300,000
2. $500,000
3. $250,000 in present value
4. $100,000

2. The Texas guaranty association covers health insurance other than health benefit plans, disability income, and long-term care up to:

1. $300,000
2. $100,000
3. $500,000
4. $200,000