XCEL Insurance License Exam
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1. Of the following dividend options, which of these is Accumulation at interest
taxable?
2. temporary license is valid for a maximum of () days? 180
3. which of the following is typically not eligible for temporary employee
coverage in a group health policy
4. which of the following does Medicare part D cover Prescription drugs
5. Under the subrogation clause, legal action can be responsible third party
taken by the insurer against the
6. a provision in a whole life policy that allows a policy nonforfeiture provision
owner to terminate the policy in return for a re-
duced paid-up policy of the same type is called
7. which of these factors would an insurer consider average age
when determining whether to accept a group life
plan?
8. written notice for a health claim must be given to 20
the insurer () days after the occurrence of the loss
9. Ambiguities in an insurance policy are always re- insured
solved in favor of the
10. benefits for a Medicare supplement policy Must not duplicate Medicare
benefits
11. Rob purchased a standard whole life policy with a 500,000
$500,000 death benefit when he was age 30. His
insurance agent told him the policy would be paid
up if he reached age 100. The present cash value
, XCEL Insurance License Exam
Study online at https://quizlet.com/_fcc6jv
of the policy equals $250,000. Rob recently died at
age 60. The death benefit would be
12. all of the following are included as part of a contract changes made by the produc-
in the entire contract provision except the er
13. an insurer has the right to recover payment made subrogation
to the insured from the negligent party. These
rights are called.
14. which approach predicts a persons earnings po- human life value approach
tential and determines how much of that amount
would be devoted to dependents
15. David submits a $500 claim for medical expenses. unpaid provision
There is a past-due amount owed for insurance
premiums of $200. As a result, the insurer only pays
$300 for the claim. This deduction came as a result
of which provision?
16. the wavier of premium does not include which pro- all future premiums are waived
vision if the insured recovers from the
disability
17. which provision states that the policy and the appli- Entire contract policy
cation shall constitute the entire contract between
the parties?
18. Under the health insurance portability and ac- employees waiting period for
countability act (HIPAA) the employees new Group coverage of a preexisting con-
Health Plan will verify Creditable Coverage so that dition can be reduced under
the the new employers health plan
19. liable for the loss
Study online at https://quizlet.com/_fcc6jv
1. Of the following dividend options, which of these is Accumulation at interest
taxable?
2. temporary license is valid for a maximum of () days? 180
3. which of the following is typically not eligible for temporary employee
coverage in a group health policy
4. which of the following does Medicare part D cover Prescription drugs
5. Under the subrogation clause, legal action can be responsible third party
taken by the insurer against the
6. a provision in a whole life policy that allows a policy nonforfeiture provision
owner to terminate the policy in return for a re-
duced paid-up policy of the same type is called
7. which of these factors would an insurer consider average age
when determining whether to accept a group life
plan?
8. written notice for a health claim must be given to 20
the insurer () days after the occurrence of the loss
9. Ambiguities in an insurance policy are always re- insured
solved in favor of the
10. benefits for a Medicare supplement policy Must not duplicate Medicare
benefits
11. Rob purchased a standard whole life policy with a 500,000
$500,000 death benefit when he was age 30. His
insurance agent told him the policy would be paid
up if he reached age 100. The present cash value
, XCEL Insurance License Exam
Study online at https://quizlet.com/_fcc6jv
of the policy equals $250,000. Rob recently died at
age 60. The death benefit would be
12. all of the following are included as part of a contract changes made by the produc-
in the entire contract provision except the er
13. an insurer has the right to recover payment made subrogation
to the insured from the negligent party. These
rights are called.
14. which approach predicts a persons earnings po- human life value approach
tential and determines how much of that amount
would be devoted to dependents
15. David submits a $500 claim for medical expenses. unpaid provision
There is a past-due amount owed for insurance
premiums of $200. As a result, the insurer only pays
$300 for the claim. This deduction came as a result
of which provision?
16. the wavier of premium does not include which pro- all future premiums are waived
vision if the insured recovers from the
disability
17. which provision states that the policy and the appli- Entire contract policy
cation shall constitute the entire contract between
the parties?
18. Under the health insurance portability and ac- employees waiting period for
countability act (HIPAA) the employees new Group coverage of a preexisting con-
Health Plan will verify Creditable Coverage so that dition can be reduced under
the the new employers health plan
19. liable for the loss
