General Lines - Life, Accident and Health Agent (Texas)

A group life policy is terminated by the employer. An employee insured under it for six years converts. What limit may the group policy place on the amount of the individual policy?

1. AThe amount of the coverage that ceases, less the cash value the group policy had accumulated for that employee
2. BHalf of the coverage that ceases, provided the same proportion is applied to every insured under the policy
3. CThe full amount of the coverage that ceases, since the conversion right is not reduced when the group policy ends
4. DThe lesser of the coverage that ceases, less any group coverage the employee becomes eligible for within 31 days, or $2,000

Which source of underwriting information is the primary one for almost every life insurance application?

1. AThe report of the medical information exchange that member insurers contribute coded findings to
2. BThe attending physician statement obtained from the doctor who has treated the applicant most recently
3. CThe paramedical examination carried out by a technician who visits the applicant at home or at work
4. DThe application itself, which supplies the personal and medical history that other sources check

Who is the annuitant under an annuity contract?

1. AThe insurer, which is annuitant of the contract because it makes the payments under it
2. BThe person on whose life the income payments are measured by the insurer
3. CThe person who owns the contract and has the right to surrender or assign it
4. DThe person who receives whatever value remains in the contract on the death of the owner