Xcel Solutions Final Exam

Xcel Solutions Final Exam Who does a life settlement broker represent? - answerIndividual wanting to sell their life policy to a third party What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? - answerAdmitted Most U.S. life insurance companies belong to the - answerMedical Information Bureau Which of the following healthcare providers provide both the healthcare services and healthcare coverage? - answerHealth Maintenance Organization (HMO) Which of the following is NOT covered by the Family and Medical Leave Act (FMLA)? - answerTraveling overseas with a spouse Which word implies permissiveness according to the California Insurance Code? - answermay When found in California Insurance Code, the word "may" implies permissiveness. Under a long-term care insurance policy, adult day care coverage will provide for - answerpart time care at a facility for elderly individuals who live at home Major medical expense plans typically use a cost containment measure for emergency hospital care. This is referred to as a - answerDeductible Pam is the primary beneficiary of a life insurance policy and wants to let the death benefit accumulate and receive only the monthly investment proceeds. Which settlement option should she choose? - answerInterest Option Reasonably necessary acts that an agent must perform for carrying out his/her expressly authorized duties are covered by an agent's - answerImplied authority Kim is insured under a disability income insurance policy with an "own occupation" clause. She was recently injured in an automobile accident and can no