XCEL CERTIFICATION EVALUATION
TESTED QUESTIONS AND ANSWERS
COMPLETE REVIEW
●● The authority granted to a licensed producer is provided via the
Answer: law of agency
●● ______ is NOT an element of a valid contract.
Answer: countersignature
●● Insurable interest does NOT occur in which of the following
relationships?
Answer: business ower and business client
●● What is implied authority defined as?
Answer: Authority that is not specifically given to an agent in the agency
contract, but that an agent can reasonably assume to carry out his/her
duties
●● The power given to an individual producer that is not specifically
addressed in his/her contract is considered what type of authority?
Answer: implied
TESTED QUESTIONS AND ANSWERS
COMPLETE REVIEW
●● The authority granted to a licensed producer is provided via the
Answer: law of agency
●● ______ is NOT an element of a valid contract.
Answer: countersignature
●● Insurable interest does NOT occur in which of the following
relationships?
Answer: business ower and business client
●● What is implied authority defined as?
Answer: Authority that is not specifically given to an agent in the agency
contract, but that an agent can reasonably assume to carry out his/her
duties
●● The power given to an individual producer that is not specifically
addressed in his/her contract is considered what type of authority?
Answer: implied