Practice tips

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

Showing 61–70 of 83 articles · Page 7 of 9

Life Insurance Privacy and Consumer Report Case QuestionsLife underwriting may involve protected medical information and consumer reports, but different laws govern each. A covered health provider generally …
Insurable Interest and STOLI Case QuestionsInsurable interest rules help distinguish legitimate life coverage from wagering arrangements. Texas law governs who may own or benefit from a policy …
Modified Endowment Contract Distribution Practice QuestionsA modified endowment contract remains life insurance, but non-death distributions generally come out gain-first. The taxable portion may also face a 1…
Life Insurance Section 1035 Exchange Practice QuestionsA qualifying Section 1035 exchange can move a life policy to another life policy, endowment, annuity, or qualified long-term-care contract without cur…
Life Settlement vs. Accelerated Benefit Case QuestionsAn accelerated death benefit is paid by the life insurer under a policy provision while the insured is living and meets the contract’s trigger. A life…
HIPAA, HIV Consent, and Medical Privacy Practice QuestionsLife insurers commonly need valid authorization before a HIPAA-covered provider discloses medical records for underwriting; an ordinary life insurer i…
Life Insurance Settlement-Option Calculation QuestionsSettlement-option calculations begin by identifying whether the beneficiary chooses a fixed amount, fixed period, interest-only payment, or life-incom…
Life Insurance Anti-Money-Laundering Practice QuestionsFederal insurance AML rules require insurers to maintain programs for covered cash-value products, including many permanent life policies and annuitie…
Texas Commission Sharing and Rebating Case QuestionsTexas rules distinguish an insurer’s contractual commission arrangement, compensation for licensed insurance activity, and an inducement offered to a …
Texas Fraternal, Stock, and Mutual Insurer Case QuestionsA stock insurer is owned by shareholders, while a mutual insurer is owned by its policyholder-members under applicable corporate rules. A fraternal be…