TEXAS LIFE ONLY COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) 2024
INSURANCE LICENSE PRACTICE XCEL
SOLUTIONS FINAL EXAM #12 - ALREADY
GRADED A+
Your license will be considered to be inactive when you: - ANSWER>>No longer
have any appointments
On a "participating" health insurance policy issued by a mutual insurance company,
dividends paid to policy holders are: - ANSWER>>Not taxable since the IRS treats
them as a refund of a portion of the premium paid
All of the following are true regarding a non-contributory employer group medical
expense insurance policy EXCEPT: - ANSWER>>Premiums must be paid entirely by
the employees
Which two of the following are considered to be activities of daily living in most
long-term care policies: - ANSWER>>Eating and dressing
The Employee Retirement Income Security Act (ERISA) requires that employee
benefit plans be managed for the benefit of: - ANSWER>>Participants and
beneficiaries
, Which of the following must be printed on every licensee's business cards, written
price quotations and printed advertisements: - ANSWER>>Their insurance license
number
At age 65, an individual would be eligible for which of the following at no charge -
ANSWER>>Part A of Medicare
Under the California Insurance Code (CIC), neither party to a contract of insurance is
bound to communicate any of the following EXCEPT: - ANSWER>>Information
known to be material
The enrollee pays what percentage of the premium for Medicare Part B? -
ANSWER>>100%
When an insurer voids an insurance contract due to an intentionally fraudulent
omission by the insured of a material fact, it is known as: - ANSWER>>Rescission
When can a representation be altered or withdrawn? - ANSWER>>Before the
insurance is effected, but not afterwards
Under the Patient Protection and Affordable Care Act (PPACA), health plans cannot
limit or deny benefits or deny coverage for a child younger than age ____ because
the child has a pre-existing condition that developed before the child applied to join
the plan: - ANSWER>>19
Which of the following is not covered in a long-term care policy? -
ANSWER>>Acute care in the hospital
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) 2024
INSURANCE LICENSE PRACTICE XCEL
SOLUTIONS FINAL EXAM #12 - ALREADY
GRADED A+
Your license will be considered to be inactive when you: - ANSWER>>No longer
have any appointments
On a "participating" health insurance policy issued by a mutual insurance company,
dividends paid to policy holders are: - ANSWER>>Not taxable since the IRS treats
them as a refund of a portion of the premium paid
All of the following are true regarding a non-contributory employer group medical
expense insurance policy EXCEPT: - ANSWER>>Premiums must be paid entirely by
the employees
Which two of the following are considered to be activities of daily living in most
long-term care policies: - ANSWER>>Eating and dressing
The Employee Retirement Income Security Act (ERISA) requires that employee
benefit plans be managed for the benefit of: - ANSWER>>Participants and
beneficiaries
, Which of the following must be printed on every licensee's business cards, written
price quotations and printed advertisements: - ANSWER>>Their insurance license
number
At age 65, an individual would be eligible for which of the following at no charge -
ANSWER>>Part A of Medicare
Under the California Insurance Code (CIC), neither party to a contract of insurance is
bound to communicate any of the following EXCEPT: - ANSWER>>Information
known to be material
The enrollee pays what percentage of the premium for Medicare Part B? -
ANSWER>>100%
When an insurer voids an insurance contract due to an intentionally fraudulent
omission by the insured of a material fact, it is known as: - ANSWER>>Rescission
When can a representation be altered or withdrawn? - ANSWER>>Before the
insurance is effected, but not afterwards
Under the Patient Protection and Affordable Care Act (PPACA), health plans cannot
limit or deny benefits or deny coverage for a child younger than age ____ because
the child has a pre-existing condition that developed before the child applied to join
the plan: - ANSWER>>19
Which of the following is not covered in a long-term care policy? -
ANSWER>>Acute care in the hospital
