Life Agent exam topics

The life general-knowledge section and Texas rules tested on the Life Agent exam.

Showing 31–40 of 294 articles · Page 4 of 30

Texas Insurer Types: Domestic, Foreign, Alien, Stock, and MutualTexas classifies an insurer as domestic, foreign, or alien based on where it is incorporated or organized: Texas, another U.S. state, or another count…
When Texas Credit Life Coverage BeginsTexas credit life generally begins, subject to insurer acceptance, when the debtor becomes obligated to the creditor. Existing debt under a group poli…
Texas Life Nonforfeiture Law: The 60-Day ElectionTexas Insurance Code Chapter 1105 sets minimum nonforfeiture provisions for covered life policies. After premium default, a policy must provide a paid…
Texas Annuity Buyer’s Guide RequirementsTexas §4.2310 selects the latest NAIC buyer's guide that matches a covered annuity type, with stated fallbacks for certain indexed and variable annuit…
Texas Life Policy Misstatement of Age: Benefit AdjustmentTexas Insurance Code §1101.008 requires a life policy to adjust the amount payable when the insured’s age was understated: the benefit is the amount t…
Indexed universal life vs. variable universal lifeIndexed universal life (IUL) and variable universal life (VUL) both combine flexible-premium universal insurance with a cash-value account, but the ac…
Adjustable life vs. universal lifeAdjustable life is a broad description of coverage whose owner may change features such as the face amount, premium, or coverage period, subject to th…
Ordinary Whole Life: Premiums, Cash Value, and MaturityOrdinary whole life is permanent insurance designed to remain in force for the insured’s lifetime when required premiums are paid. Its scheduled premi…
Whole Life Face Amount, Cash Value, and Net Amount at RiskThe face amount is the policy’s stated basic death benefit; cash value is a living policy value; net amount at risk is the insurer’s mortality exposur…
Traditional vs. Interest-Sensitive Whole LifeTraditional whole life uses contractually guaranteed values and a scheduled premium pattern. Interest-sensitive whole life ties some policy values or …