Texas Life And Health Insurance Practice Test With 280 Questions And Answers

commissioner of insurance- general powers and duties {Ans: The Commissioner administers, enforces, and carries out the provisions of the Texas insurance code (the state's insurance laws) and other applicable laws, including the calculation of insurance reserves}commissioner of insurance {Ans: The governor appoints the Commissioner for a two-year term ending on February 1 of each odd-numbered year. The appointment is subject to the advice and consent of the state senate. The Commissioner must be a competent and experienced administrator, be well informed about insurance and insurance regulation, and have at least five years' experience as an executive in the administration of business or government, or as a practicing attorney or certified public accountant. The Commissioner must provide a $50,000 surety bond}commissioner of insurance- duties of the department {Ans: The Department shall: ■■ regulate the business of insurance in this state ■■ administer the workers' compensation system of this state ■■ ensure that this code and other laws regarding insurance and insurance companies are executed ■■ protect and ensure the fair treatment of consumers ■■ ensure fair competition in the insurance industry in order to foster a competitive market}commissioner of insurance- general powers and duties reinsurance reserves for certain