Texas Life Insurance Practice Exam 2025 – The All-in-One Guide to Mastering Your Certification!

Question: 1 / 400

What is not considered an insurance transaction?

Negotiating a claim

Obtaining an insurance license

Obtaining an insurance license is not considered an insurance transaction because it is a regulatory requirement for individuals who wish to sell or manage insurance products, rather than an act of engaging in insurance business itself. Insurance transactions typically involve processes such as selling policies, negotiating claims, or transferring coverage between parties. These activities require a licensed individual to facilitate the transaction, but the licensing process is a prerequisite and administrative step that does not involve actual insurance operations or the provision of insurance services.

Get further explanation with Examzify DeepDiveBeta

Selling a policy

Transferring coverage

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy