©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 4:02AM.
XCEL Life and Health Insurance Final
Exam Questions And Answers 2025 Update.
Fraternal Benefit Society - Answer✔What is an organization that solicits insurance only to its
members?
An individual policy is given to each member - Answer✔All of the following statements
regarding group health insurance is true, EXCEPT:
31 days - Answer✔According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the policy remains in force
even though the premium has not been paid?
Return to the customer, collect a new check made out to the insurance company, and send the
new check out ot the insurance company - Answer✔Agent J takes an application and initial
premium from an applicant and sends the application and premium check to the insurance
company. The insurance company returns the check back to J because the check is made out to
J instead of the insurance compnay. What action should J take?
Payor Clause - Answer✔Which of the following provisions guarantees that premiums will be
waived if a Juvenile Life Policyowner becomes disabled?
may cancel the policy for nonpayment only - Answer✔Under a Guaranteed Renewable health
insurance policy, the insurer
a representation - Answer✔A statement made by an insured in an insurance application that
must be true to the best of one's knowledge and which becomes a part of the contract is known
as:
conditional, depending on the insurer's underwriting guidlines - Answer✔T ius given a receipt
after completing a life insurance application and paying the initial premium. Under this
situation, T's coverage is
Benefit's are taxable to T - Answer✔T is reciving $3,000/month from a Disability Income policy
in which T's employer had paid the premiums. How are the $3,000 benefits payments taxable?
1
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 4:02AM.
An insurer may not use suicide as a defense against payment after the second year - Answer✔In
Texas, which of these statements regarding the Suicide clause is TRUE?
Fiduciary responsibility - Answer✔Taking recipt of premiums and holding them for the
insurance comoany is an example of:
Insuring - Answer✔The ______ clause identifies which losses resulting from an accident or
sickness are insured by the policy.
The premium has not been paid by the insured - Answer✔A Medicare Supplement policy may
be cancelled for which of the following reasons?
Transportation to and from a treatment facility - Answer✔Which of the following benefits is
NOT required under a group health plan for drug and alcohol treatment?
notify an insurer of a claim within a specified time - Answer✔The Notice of Claims provision
requires a policyowner to:
Proceeds will be paid to P's estate - Answer✔K is the insured and P is the sole beneficiary of an
Accidental Death and Dismemberment (AD&D) insurance policy. Both are involved in a fatal
accident where K dies before P. Under the Common Disaster provision, which of these
statements is true?
individuals who are blood related - Answer✔Which of the following groups may NOT be insured
by a group life insurance policy?
correct the information and have the prospect initial the change - Answer✔D the agent met
with a prospect and ended up selling an insurance policy. When filling out the insurance
application, D makes a mistake. In this situatuion, D MUST
Wait at least 5 years before applying for a new license - Answer✔What is required for an agent
whose license has been revoked?
prevents an insured covered by two health plans from making a profit on a covered loss -
Answer✔The Coordination of Benefits provision:
Any changes made on the application require the applicant's initials - Answer✔When an
insurance application is taken by a producer, which of these statements is true?
Morbidity rate - Answer✔Which of these is NOT an element of Life insurance premiums?
31 days - Answer✔Every 12-months after the initial enrollment period, an HMO must hold an
open enrollment period of
Anti-Money Laundering violation - Answer✔When a policyowner cash surrenders a Universal
Life Insurance policy in it's early years, this may be considered a red flag for a(n):
2
XCEL Life and Health Insurance Final
Exam Questions And Answers 2025 Update.
Fraternal Benefit Society - Answer✔What is an organization that solicits insurance only to its
members?
An individual policy is given to each member - Answer✔All of the following statements
regarding group health insurance is true, EXCEPT:
31 days - Answer✔According to the Mandatory Uniform Policy Provisions, what is the
maximum amount of time after the premium due date during which the policy remains in force
even though the premium has not been paid?
Return to the customer, collect a new check made out to the insurance company, and send the
new check out ot the insurance company - Answer✔Agent J takes an application and initial
premium from an applicant and sends the application and premium check to the insurance
company. The insurance company returns the check back to J because the check is made out to
J instead of the insurance compnay. What action should J take?
Payor Clause - Answer✔Which of the following provisions guarantees that premiums will be
waived if a Juvenile Life Policyowner becomes disabled?
may cancel the policy for nonpayment only - Answer✔Under a Guaranteed Renewable health
insurance policy, the insurer
a representation - Answer✔A statement made by an insured in an insurance application that
must be true to the best of one's knowledge and which becomes a part of the contract is known
as:
conditional, depending on the insurer's underwriting guidlines - Answer✔T ius given a receipt
after completing a life insurance application and paying the initial premium. Under this
situation, T's coverage is
Benefit's are taxable to T - Answer✔T is reciving $3,000/month from a Disability Income policy
in which T's employer had paid the premiums. How are the $3,000 benefits payments taxable?
1
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 4:02AM.
An insurer may not use suicide as a defense against payment after the second year - Answer✔In
Texas, which of these statements regarding the Suicide clause is TRUE?
Fiduciary responsibility - Answer✔Taking recipt of premiums and holding them for the
insurance comoany is an example of:
Insuring - Answer✔The ______ clause identifies which losses resulting from an accident or
sickness are insured by the policy.
The premium has not been paid by the insured - Answer✔A Medicare Supplement policy may
be cancelled for which of the following reasons?
Transportation to and from a treatment facility - Answer✔Which of the following benefits is
NOT required under a group health plan for drug and alcohol treatment?
notify an insurer of a claim within a specified time - Answer✔The Notice of Claims provision
requires a policyowner to:
Proceeds will be paid to P's estate - Answer✔K is the insured and P is the sole beneficiary of an
Accidental Death and Dismemberment (AD&D) insurance policy. Both are involved in a fatal
accident where K dies before P. Under the Common Disaster provision, which of these
statements is true?
individuals who are blood related - Answer✔Which of the following groups may NOT be insured
by a group life insurance policy?
correct the information and have the prospect initial the change - Answer✔D the agent met
with a prospect and ended up selling an insurance policy. When filling out the insurance
application, D makes a mistake. In this situatuion, D MUST
Wait at least 5 years before applying for a new license - Answer✔What is required for an agent
whose license has been revoked?
prevents an insured covered by two health plans from making a profit on a covered loss -
Answer✔The Coordination of Benefits provision:
Any changes made on the application require the applicant's initials - Answer✔When an
insurance application is taken by a producer, which of these statements is true?
Morbidity rate - Answer✔Which of these is NOT an element of Life insurance premiums?
31 days - Answer✔Every 12-months after the initial enrollment period, an HMO must hold an
open enrollment period of
Anti-Money Laundering violation - Answer✔When a policyowner cash surrenders a Universal
Life Insurance policy in it's early years, this may be considered a red flag for a(n):
2
