Practice tips

How to work through life insurance and Texas-law questions under exam conditions.

Showing 21–30 of 83 articles · Page 3 of 9

Life Insurance Contract Law Practice QuestionsA valid contract generally requires offer and acceptance, consideration, competent parties, and legal purpose. Insurance contracts also have commonly …
Key Person vs. Buy-Sell Practice QuestionsKey-person coverage addresses a business’s financial exposure when an important person dies; buy-sell coverage funds an agreed ownership transfer afte…
Qualified Plans, MECs, and Life Insurance Tax Practice QuestionsFor exam purposes, identify the plan or tax event before choosing a rule. Qualified and nonqualified plans differ in tax qualification; employer group…
Texas Insurer Types and Authority Practice QuestionsClassify an insurer by domicile: Texas is domestic, another U.S. state is foreign, and another country is alien. Separately identify stock, mutual, or…
Texas Insurance Commissioner Powers Practice QuestionsThe Texas Commissioner of Insurance and TDI exercise powers granted by statute, including oversight, examinations, investigations, hearings, penalties…
Texas Unfair Insurance Practices Practice QuestionsTexas law prohibits specified unfair or deceptive insurance practices, including misrepresentation, defamation, fraud, coercion, and unfair discrimina…
Texas Life Policy Disclosures and Settlement Practice QuestionsMatch a disclosure to its purpose: illustrations explain non-guaranteed policy values using assumptions; a buyer’s guide gives consumer-level shopping…
Class and Minor Beneficiary Practice QuestionsA class designation such as 'children equally' must be read with the policy's definitions, beneficiary form, survivorship terms, and applicable law. A…
Conditional Receipt and Policy Delivery Case QuestionsA conditional receipt provides temporary coverage only when its stated conditions are met; an application and premium receipt do not automatically put…
Group Life Eligibility and Conversion Case QuestionsGroup life questions turn on who is eligible under the master contract, when coverage ends, and whether a conversion privilege applies. Texas law gene…