Xcel Life, Accident &
Health License Exam 2026
| Questions, Answers &
Rationales Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
,____ is NOT an element of a valid contract? Countersignature
A. countersignature
B. legal
C. competent parties
D. consideration
Major medical expense plans typically use a cost Deductible
containment measure for emergency hospital care. This is
referred to as a(n)
- Limitation
- Exclusion
- Capitation
- Deductible
What happens when an insurance policy is backdated? The Policy's effective date is earlier than the present
- The policy's probation period is earlier than the present
- The policy's effective date is earlier than the present
- The time frame from reinstating a lapsed policy is
extended
- The policy's elimination period is waived
which of the following does restorative dental treamtent crowns
cover?
- crowns
- cleanings
- xrays
- dentures
Under what order are people on the MRMIP waiting list Based on the date an individual's application is received
allowed to enroll?
- Priority is give to those with the most serious health
issues
- Based on the individual's date of birth
- Priority is given to California residents
- Based on the date an individual's application is received
What does a life insurance policy guarantee to the stated Specified amount of money
beneficiary upon the death of the insured?
- Funeral expense fund
- Specified amount of money
- Policy dividend
- Policy's cash value
, Which type of life insurance offers flexible premiums, a Variable universal policy
flexible death benefit, and the choice of how the cash
value will be invested?
- Modified whole life policy
- Adjustable life policy
- Universal policy
- Variable universal policy
Which of these premium payment frequencies is not Bi-weekly
typically available to a policyowner?
- Quarterly
- Semi-annual
- Bi-weekly
- Monthly
According to HIPAA, when can a group health policy participation or contribution rules have been violated
renewal be denied?
- Participation or contribution rules have been changed
- The size of the group has increased by more than 10%
- participation or contribution rules have been violated
- There have been too many claims in the previous year
The reason for social insurance is to Protect certain vulnerable segments of the population
- Create dependents of government
- Provide more products for agents to sell
- Grow the U/S economy
- Protect certain vulnerable segments of the population
Failure to report background changes with 30 days as all of these
required under section 1729.2 of the California insurance
code could subject a license or applicant to
- Suspension
- Denial
- Fine
- All of these
Health License Exam 2026
| Questions, Answers &
Rationales Study Guide
|Graded A+ | Guaranteed
success|
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included
,____ is NOT an element of a valid contract? Countersignature
A. countersignature
B. legal
C. competent parties
D. consideration
Major medical expense plans typically use a cost Deductible
containment measure for emergency hospital care. This is
referred to as a(n)
- Limitation
- Exclusion
- Capitation
- Deductible
What happens when an insurance policy is backdated? The Policy's effective date is earlier than the present
- The policy's probation period is earlier than the present
- The policy's effective date is earlier than the present
- The time frame from reinstating a lapsed policy is
extended
- The policy's elimination period is waived
which of the following does restorative dental treamtent crowns
cover?
- crowns
- cleanings
- xrays
- dentures
Under what order are people on the MRMIP waiting list Based on the date an individual's application is received
allowed to enroll?
- Priority is give to those with the most serious health
issues
- Based on the individual's date of birth
- Priority is given to California residents
- Based on the date an individual's application is received
What does a life insurance policy guarantee to the stated Specified amount of money
beneficiary upon the death of the insured?
- Funeral expense fund
- Specified amount of money
- Policy dividend
- Policy's cash value
, Which type of life insurance offers flexible premiums, a Variable universal policy
flexible death benefit, and the choice of how the cash
value will be invested?
- Modified whole life policy
- Adjustable life policy
- Universal policy
- Variable universal policy
Which of these premium payment frequencies is not Bi-weekly
typically available to a policyowner?
- Quarterly
- Semi-annual
- Bi-weekly
- Monthly
According to HIPAA, when can a group health policy participation or contribution rules have been violated
renewal be denied?
- Participation or contribution rules have been changed
- The size of the group has increased by more than 10%
- participation or contribution rules have been violated
- There have been too many claims in the previous year
The reason for social insurance is to Protect certain vulnerable segments of the population
- Create dependents of government
- Provide more products for agents to sell
- Grow the U/S economy
- Protect certain vulnerable segments of the population
Failure to report background changes with 30 days as all of these
required under section 1729.2 of the California insurance
code could subject a license or applicant to
- Suspension
- Denial
- Fine
- All of these
