State Laws

Question 1

Which of the following is not a duty of the Commissioner?

A
Make state insurance laws

B
Handle insurance-related consumer complaints

C
Enforce state insurance laws

D
Issue an insurance license for a producer

Answer 1

A
Make state insurance laws

Question 2

With respect to advertising requirements in Texas, all of the following are allowable unless the insurer:

A
Advertises preferred rates to classes of policyholders based on certain qualifications

B
Includes the terms investment, savings plan, or profit sharing

C
Uses the term “invitation to contract”

D
Solicits nonpaid testimonials representing the personal opinion of the author

Answer 2

B
Includes the terms investment, savings plan, or profit sharing

Question 3

In Texas, all the following are required to be included in a life insurance illustration, except:

A
Initial death benefit

B
Rating classification upon which the illustration is based

C
Company specific mortality tables

D
Proposed insured’s name

Answer 3

C
Company specific mortality tables