XCEL Solutions: Virginia 150 Questions
Weighted Real Time Exam Questions and
Answers 100% Pass
An accident and Health insurance applicant who fails to includes material medical
information on an application would be reason for the insurer to - ✔✔deny any future
claims and to refund the premium
S has a Whole Life Policy with a premium payment due soon. Which provision would
keep the policy in force if S does not make the required payment and the policy has
adequate cash value from which the premium payment can be made? - ✔✔Automatic
Policy Loan
In order for coverage on a non-medical insurance application to take effect the same
day, the producer must collect a signed application and - ✔✔the initial premium
M has a Major insurance policy with a $200 flat deductible and an 80% Coinsurance
clause. If M incurs a $2,200 claim for an eligible medical expense, how much will M
receive in payment for this claim? - ✔✔$1,600
What benefit does the Payor clause on a Juvenile Life policy provide ? - ✔✔Premiums
are waived if payor becomes disabled
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 1
, An agent offers an applicant something of value not mentioned in the contract as an
inducement to purchase an insurance policy. The illegal act is called - ✔✔rebating
If an individual has an Accidental Death and Dismemberment policy and dies, an
autopsy can be performed in all these situations EXCEPT: - ✔✔When the state prohibits
this by law
Which plan is intended to be used by a sole proprietor and the employees of that
business? - ✔✔Keogh Plan
A policy owner's rights are limited under which beneficiary designation? -
✔✔Irrevocable
T circulated false statements that were maliciously critical of an insurer's financial
condition. T may be found guilty of - ✔✔Defamation
The phrase "This policy will only pay for semi-private room" is an example of a(n) -
✔✔Internal limit
All of the following are limited plans, EXCEPT: - ✔✔Life Insurance Policies
Which of the following does NOT qualify as a creditable coverage under the Health
Insurance Portability and Accountability Act (HIPAA)? - ✔✔Accident Plans
For which of the following expenses does a Basic Hospital policy pay? - ✔✔Hospital
room and board
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
Weighted Real Time Exam Questions and
Answers 100% Pass
An accident and Health insurance applicant who fails to includes material medical
information on an application would be reason for the insurer to - ✔✔deny any future
claims and to refund the premium
S has a Whole Life Policy with a premium payment due soon. Which provision would
keep the policy in force if S does not make the required payment and the policy has
adequate cash value from which the premium payment can be made? - ✔✔Automatic
Policy Loan
In order for coverage on a non-medical insurance application to take effect the same
day, the producer must collect a signed application and - ✔✔the initial premium
M has a Major insurance policy with a $200 flat deductible and an 80% Coinsurance
clause. If M incurs a $2,200 claim for an eligible medical expense, how much will M
receive in payment for this claim? - ✔✔$1,600
What benefit does the Payor clause on a Juvenile Life policy provide ? - ✔✔Premiums
are waived if payor becomes disabled
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 1
, An agent offers an applicant something of value not mentioned in the contract as an
inducement to purchase an insurance policy. The illegal act is called - ✔✔rebating
If an individual has an Accidental Death and Dismemberment policy and dies, an
autopsy can be performed in all these situations EXCEPT: - ✔✔When the state prohibits
this by law
Which plan is intended to be used by a sole proprietor and the employees of that
business? - ✔✔Keogh Plan
A policy owner's rights are limited under which beneficiary designation? -
✔✔Irrevocable
T circulated false statements that were maliciously critical of an insurer's financial
condition. T may be found guilty of - ✔✔Defamation
The phrase "This policy will only pay for semi-private room" is an example of a(n) -
✔✔Internal limit
All of the following are limited plans, EXCEPT: - ✔✔Life Insurance Policies
Which of the following does NOT qualify as a creditable coverage under the Health
Insurance Portability and Accountability Act (HIPAA)? - ✔✔Accident Plans
For which of the following expenses does a Basic Hospital policy pay? - ✔✔Hospital
room and board
EMILY CHARLENE © 2025, ALL RIGHTS RESERVED 2
