Question 11006 of 287 · Texas Life, Accident and Health Agent Exam
A Texas life policy with cash value must provide for policy loans, and it may allow the insurer to defer a loan for a period not to exceed
Exactly one answer is correct.
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Correct answer to question 11006
- C: six months after the loan application
Explanation
The policy may provide that a loan is deferred for no more than six months after the application. Loans are secured only by the policy.
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