Life Agent exam topics

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

Showing 61 to 70 of 294 articles · Page 7 of 30

Cost-of-Living Rider on Life InsuranceA cost-of-living rider on life insurance can increase the policy’s coverage using a stated adjustment method, often tied to an inflation measure, subj…
Common-Disaster Clause vs. Contingent BeneficiaryA contingent beneficiary is the next named recipient if the primary beneficiary cannot take. A common-disaster clause sets a rule for whether a benefi…
Limited-Pay vs. Single-Premium Whole LifeLimited-pay whole life requires scheduled premiums for a stated period or to a stated age; single-premium whole life uses one initial premium to fund …
Disability Rider vs. Waiver of PremiumA disability-income rider may pay a benefit when the insured meets the contract’s disability definition. A waiver-of-premium rider instead waives spec…
Transacting Insurance in Texas: Which Acts Require a License?Texas generally requires the appropriate license when a person solicits or receives an insurance application, aids an insurer’s transaction, or perfor…
Texas Insurance License Exemptions: Who Can Act Without a License?Texas has limited exceptions to agent licensing, but an exception applies only to its stated person, activity, and conditions. A bare referral can be …
Texas Life Agent Commission Sharing: Who May Be Paid?Texas law separates performing an agent act from holding an ownership or profit interest in an agency under a specific statutory exception. A person w…
Texas Insurance Agent Recordkeeping: What Must a Life Agent Keep?Texas Insurance Code §4001.255 requires an agent to keep all insurance records, including customer-complaint records, separate from records of any oth…
Texas TDI Enforcement: Record Exams, Investigations, Hearings, and OrdersTDI and the Texas insurance commissioner can investigate matters within their authority, request or subpoena records and testimony, and pursue formal …
Guaranteed Insurability Rider: Future Coverage Without New EvidenceA guaranteed insurability rider gives the policyowner a contractual option to buy specified additional life insurance at listed dates or qualifying li…