Life and Health Insurance Producer Exam
Guaranty association (TX): practice questions
Our Life & Health Insurance bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.
Question 1 · Texas
What is the Texas Life and Health Insurance Guaranty Association's limit for life insurance death benefits?
- $1 million per life
- $300,000 per life
- There is no limit
- $10,000 per life
Show the answer
B. $300,000 per life — Cash surrender values are covered up to $100,000.
Question 2 · Texas
What is the Texas guaranty association's limit for annuity benefits?
- $25,000 per life
- $250,000 (present value) per life
- There is no limit
- $5 million per contract, with no per-life limit
Show the answer
B. $250,000 (present value) per life — Structured settlement annuities are also $250,000 per payee.
Question 3 · Texas
What is the Texas guaranty association's limit for basic hospital, medical-surgical and major medical benefits?
- There is no limit
- $5 million
- $50,000
- $500,000
Show the answer
D. $500,000 — Long-term disability and long-term care are covered up to $300,000.
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