1. Exam Prep
  2. Texas
  3. General Lines — Life, Accident, Health & HMO
  4. Life Policy Provisions Options and Riders

Free Life Policy Provisions Options and Riders Practice Questions

Texas General Lines — Life, Accident, Health & HMO exam (series InsTX-LAH05) — 50 practice questions.

Subtopics: Free look, Grace period, Incontestability, Suicide, Group conversion, Reinstatement, Misstatement of age, Entire contract, Policy loan, Nonforfeiture, Standard provisions, Assignment, Beneficiaries, Beneficiary clauses, Settlement options, Nonforfeiture options, Policy loans, Dividend options, Riders, Incontestable clause, Suicide clause, Primary beneficiary, Irrevocable beneficiary, Minor beneficiary, Per capita, Estate as beneficiary, Dividend option cash, Dividend option reduce premium, Dividend option accumulate at interest, Dividend option one-year term, Joint and survivor settlement, Guaranteed insurability rider, Cost of living rider, Payor benefit rider, Return of premium rider, Child term rider

Read the Life Policy Provisions Options and Riders study guide

Sample questions & answers

1. The minimum free-look period for an individual life policy in Texas is:

10 days

Texas provides at least a 10-day right to examine an individual life policy for a full refund.

2. A Texas individual life policy must provide a premium grace period of at least:

31 days

A grace period of at least 31 days keeps the life policy in force after a missed premium.

3. A Texas life policy becomes incontestable after it has been in force during the insured's lifetime for:

2 years

After 2 years the insurer generally cannot contest the life policy for misstatements.

4. The maximum suicide exclusion period in a Texas life policy is:

2 years

The suicide exclusion is limited to 2 years from issue.

All General Lines — Life, Accident, Health & HMO topics

Practice: Life Policy Provisions Options and Riders

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.