Questions with 100% Certified Solutions
This Xcel Testing Solutions Life and Health Insurance Weighted Exam is a
comprehensive, 150-question test heavily featured, this study guide simulates state-level licensing
exams by organizing core life, health, and regulatory concepts into a format that mirrors actual
exam weightings.
Core Concepts Covered in the 150-Question Exam
This exam splits evenly between standard national insurance principles and state-specific
regulations. Below are the key topics featured in the standard 150-question set:
• General Insurance Regulations: Includes exemptions under the Do Not Call
Registry (which allows calls from charities, political organizations, and survey teams, but
strictly restricts unsolicited sales calls).
• Policy Provisions & Renewability: Focuses on details like cancelable policies
(allowing the insurer to cancel the policy at any time via a formal notice to the policyowner).
• Disability & Health Benefits: Covers classifications like presumptive disabilities
(noting that losing exactly one arm or leg does not trigger full presumptive disability status).
• State Producer Rules: Clarifies formal agreements, such as defining an appointment
as the official, compensation-backed agreement allowing an insurance producer to sell,
solicit, or negotiate policies on behalf of an insurer.
• Life Insurance Mechanics: Differentiates how Straight Life provides the highest
monthly payout upon annuitization, why Term Life does not build cash value, and how the
Human Life Value Approach measures future earning capacity for dependents.
• Group Health Clauses: Focuses on provisions like the Coordination of Benefits
(COB), which determines primary versus secondary payer responsibilities to eliminate
duplicate payouts.
1
, Quiz_________________?
$500
In this situation, the taxable monthly income is $500 because half of the premium was paid
for by the employer. -
ANSWER✅
If an employee contributes 50% toward the disability plan premium provided by an
employer, what would be considered the taxable income of a $1,000 monthly disability
benefit?
Quiz_________________?
$700
In this situation, the insured will pay $500 deductible plus $200 coinsurance = $700. -
ANSWER✅
Kim has health insurance with a deductible of $500 and an 80/20 coinsurance. How much
will she pay if she incurs a loss of $1,500?
Quiz_________________?
1
Long-term care insurance in any insurance policy is designed to provide coverage for a
minimum benefit period of 1 year. -
ANSWER✅
The typical long-term care insurance policy is designed to provide a minimum of __ year(s)
of coverage.
Quiz_________________?
2 years
The contestable period in Louisiana for life insurance policies is 2 years. -
2
, ANSWER✅
A life insurance policy becomes incontestable after it has been in force for
Quiz_________________?
5
At the very least, an admitted company shall be examined once every 5 years by the
Commissioner. -
ANSWER✅
The Commissioner must examine the financial affairs of each admitted insurer operating in
Louisiana at least once every how many years?
Quiz_________________?
15
An appointing insurer has 15 days to file a notice of appointment with the Commissioner. -
ANSWER✅
An appointing insurer has how many days to file a notice of appointment with the
Commissioner?
Quiz_________________?
15
Upon receipt of notice of claim, the insurance company will furnish to the claimant forms
for filing proof of loss within 15 days. -
ANSWER✅
An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon
receiving a notice of claim.
3
, Quiz_________________?
20
Written notice for a health claim must be given to the insurer 20 days after the occurrence
of the loss. -
ANSWER✅
Written notice for a health claim must be given to the insurer ___ days after the
occurrence of the loss.
Quiz_________________?
20 days after the date of the death of the insured
An insurer need not pay interest on benefits if the proceeds of the policy are paid within 20
days after the date of death of the insured. -
ANSWER✅
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are
paid within
Quiz_________________?
30
A licensed producer who changes a residential or business address must notify the
Commissioner within 30 days. -
ANSWER✅
A licensed producer who changes a residential or business address must notify the
Commissioner within how many days?
Quiz_________________?
30 days
The required grace period for life insurance policies in Louisiana is 30 days. -
4
This Xcel Testing Solutions Life and Health Insurance Weighted Exam is a
comprehensive, 150-question test heavily featured, this study guide simulates state-level licensing
exams by organizing core life, health, and regulatory concepts into a format that mirrors actual
exam weightings.
Core Concepts Covered in the 150-Question Exam
This exam splits evenly between standard national insurance principles and state-specific
regulations. Below are the key topics featured in the standard 150-question set:
• General Insurance Regulations: Includes exemptions under the Do Not Call
Registry (which allows calls from charities, political organizations, and survey teams, but
strictly restricts unsolicited sales calls).
• Policy Provisions & Renewability: Focuses on details like cancelable policies
(allowing the insurer to cancel the policy at any time via a formal notice to the policyowner).
• Disability & Health Benefits: Covers classifications like presumptive disabilities
(noting that losing exactly one arm or leg does not trigger full presumptive disability status).
• State Producer Rules: Clarifies formal agreements, such as defining an appointment
as the official, compensation-backed agreement allowing an insurance producer to sell,
solicit, or negotiate policies on behalf of an insurer.
• Life Insurance Mechanics: Differentiates how Straight Life provides the highest
monthly payout upon annuitization, why Term Life does not build cash value, and how the
Human Life Value Approach measures future earning capacity for dependents.
• Group Health Clauses: Focuses on provisions like the Coordination of Benefits
(COB), which determines primary versus secondary payer responsibilities to eliminate
duplicate payouts.
1
, Quiz_________________?
$500
In this situation, the taxable monthly income is $500 because half of the premium was paid
for by the employer. -
ANSWER✅
If an employee contributes 50% toward the disability plan premium provided by an
employer, what would be considered the taxable income of a $1,000 monthly disability
benefit?
Quiz_________________?
$700
In this situation, the insured will pay $500 deductible plus $200 coinsurance = $700. -
ANSWER✅
Kim has health insurance with a deductible of $500 and an 80/20 coinsurance. How much
will she pay if she incurs a loss of $1,500?
Quiz_________________?
1
Long-term care insurance in any insurance policy is designed to provide coverage for a
minimum benefit period of 1 year. -
ANSWER✅
The typical long-term care insurance policy is designed to provide a minimum of __ year(s)
of coverage.
Quiz_________________?
2 years
The contestable period in Louisiana for life insurance policies is 2 years. -
2
, ANSWER✅
A life insurance policy becomes incontestable after it has been in force for
Quiz_________________?
5
At the very least, an admitted company shall be examined once every 5 years by the
Commissioner. -
ANSWER✅
The Commissioner must examine the financial affairs of each admitted insurer operating in
Louisiana at least once every how many years?
Quiz_________________?
15
An appointing insurer has 15 days to file a notice of appointment with the Commissioner. -
ANSWER✅
An appointing insurer has how many days to file a notice of appointment with the
Commissioner?
Quiz_________________?
15
Upon receipt of notice of claim, the insurance company will furnish to the claimant forms
for filing proof of loss within 15 days. -
ANSWER✅
An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon
receiving a notice of claim.
3
, Quiz_________________?
20
Written notice for a health claim must be given to the insurer 20 days after the occurrence
of the loss. -
ANSWER✅
Written notice for a health claim must be given to the insurer ___ days after the
occurrence of the loss.
Quiz_________________?
20 days after the date of the death of the insured
An insurer need not pay interest on benefits if the proceeds of the policy are paid within 20
days after the date of death of the insured. -
ANSWER✅
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are
paid within
Quiz_________________?
30
A licensed producer who changes a residential or business address must notify the
Commissioner within 30 days. -
ANSWER✅
A licensed producer who changes a residential or business address must notify the
Commissioner within how many days?
Quiz_________________?
30 days
The required grace period for life insurance policies in Louisiana is 30 days. -
4
