#1
Which regulatory body oversees insurance companies in Texas?
Texas Department of Insurance (TDI)
Federal Insurance Regulatory Authority (FIRA)
Texas Insurance Commission (TIC)
Texas Financial Services Board (TFSB)
#2
What is the minimum liability coverage required for auto insurance in Texas?
$10,000
$25,000
$30,000
$50,000
#3
In Texas, what type of insurance coverage is mandatory for employers who have one or more employees?
Workers' compensation insurance
Disability insurance
Health insurance
Liability insurance
#4
Which of the following insurance policies is NOT required by law in Texas?
Auto insurance
Homeowners insurance
Health insurance
Flood insurance
#5
What does TWIA stand for in the context of Texas insurance?
Texas Workers' Insurance Association
Texas Windstorm Insurance Association
Texas Wellness Insurance Agency
Texas Widespread Insurance Authority
#6
What is the minimum liability coverage required for bodily injury per person in Texas auto insurance?
$15,000
$20,000
$25,000
$30,000
#7
Which of the following is NOT a type of insurance commonly offered in Texas?
Crop insurance
Pet insurance
Earthquake insurance
Wildfire insurance
#8
What is the purpose of the Texas Windstorm Insurance Association (TWIA)?
To regulate health insurance policies in Texas
To provide insurance coverage for windstorm and hail damage in certain coastal areas
To oversee life insurance companies in Texas
To manage flood insurance policies statewide
#9
What is a 'captive insurance company' in the context of Texas insurance laws?
An insurance company owned by a group of policyholders
An insurance company owned by another insurance company
An insurance company that only provides coverage for captive animals
An insurance company exclusively providing coverage for military personnel
#10
What is the purpose of the Texas Fair Access to Insurance Requirements (FAIR) Plan?
To provide insurance coverage for fairgrounds and amusement parks
To offer insurance coverage for individuals who are unable to obtain it through standard insurance markets
To regulate insurance rates for all types of insurance in Texas
To ensure fair competition among insurance companies in Texas
#11
Which type of insurance policy in Texas typically covers damage from events like fire, theft, and vandalism?
Comprehensive insurance
Liability insurance
Collision insurance
Homeowners insurance
#12
What is the purpose of the Texas Windstorm Insurance Fund (TWIF)?
To provide insurance coverage for windstorm and hail damage in coastal areas
To regulate the sale of windstorm insurance policies in Texas
To conduct research on windstorm-resistant building materials
To offer grants to homeowners affected by windstorm damage
#13
What is the purpose of the Texas Health Insurance Risk Pool?
To regulate health insurance premiums in Texas
To provide health insurance coverage for high-risk individuals who cannot obtain coverage elsewhere
To offer discounted health insurance plans to state employees
To oversee the implementation of universal healthcare in Texas
#14
Which department in Texas handles consumer complaints related to insurance?
Texas Department of Public Safety (DPS)
Texas Attorney General's Office
Texas Department of Insurance (TDI)
Texas Department of Motor Vehicles (DMV)
#15
Which of the following is NOT regulated by the Texas Department of Insurance?
Homeowners insurance
Health insurance
Workers' compensation insurance
Federal flood insurance
#16
What is the purpose of the Texas Windstorm Insurance Inspections Association (TWIIA)?
To conduct inspections for insurance claims related to windstorm damage
To provide insurance coverage for tornado damage in rural areas of Texas
To oversee the implementation of windstorm-resistant building codes
To regulate insurance agents specializing in windstorm coverage
#17
Which of the following is NOT typically covered by standard homeowners insurance in Texas?
Fire damage
Flood damage
Theft
Personal liability
#18
What is the primary role of the Texas Insurance Code?
To set regulations for insurance agents' commission rates
To establish standards for insurance policy language
To determine eligibility criteria for insurance coverage
To provide guidelines for insurance claims processing
#19
What is the purpose of the Texas Windstorm Insurance Advisory Association?
To provide insurance coverage for wind farms
To advise the government on windstorm insurance policies
To regulate the insurance rates for windstorm coverage
To provide educational resources on windstorm preparedness
#20
What is the purpose of the Texas Medical Liability Insurance Underwriting Association?
To regulate malpractice insurance rates for healthcare providers
To provide malpractice insurance coverage for physicians
To oversee the licensing of medical professionals
To offer discounted insurance plans to medical students
#21
Which of the following is NOT a factor that can affect auto insurance premiums in Texas?
Age
Gender
Marital status
Religious affiliation