XCEL SOLUTIONS EXAM 2026
COMPREHENSIVE EXAM SCRIPT WITH
CORRECT SOLUTIONS
◉ MRMIP is a. Answer: State program that offers health coverage to
California residents who are not able to obtain coverage due to pre-
existing conditions.
◉ When intentional concealment is involved, what course of action
is the injured party entitled to?. Answer: Rescission of the Contract
◉ In a renewable term life insurance policy , the contract will
usually. Answer: require a higher premium payable at each renewal
◉ What area of group health insurance is regulated under the
Employee Retirement Security Act of 1974 (ERISA)?. Answer:
Disclosure and reporting
◉ At what age is a surviving spouse without dependents eligible for
social security survivor benefits ?. Answer: 60
◉ A life insurance policy where the insured can choose where the
cash value can be invested is called. Answer: Variable life
,◉ Cindy buys a 10-year certain annuity with an installment refund.
After receiving monthly payments for 5 years, Cindy dies. How many
remaining payments will the insurer make to her beneficiary?.
Answer: 60 payments
◉ potential for loss. Answer: loss exposure
◉ Major medical expense plans typically use a cost containment
measure for emergency hospital care. This is referred to as a(n).
Answer: deductible
◉ where must you specifically reside to qualify for MRMIP?. Answer:
California
◉ statement is NOT true regarding Social Security benefits ?.
Answer: Benefits are designed to replace the entire amount of the
workers earnings
◉ Medicare Part A covers what type of care?. Answer: Skilled
nursing facility care
◉ Christine has a health insurance policy that has been in force
beyond the incontestable period. The insurer has discovered that a
fraudulent statement was made on the application. What would the
, insurer have to pay on a claim, assuming this wasn't a guaranteed
renewable policy?. Answer: Nothing will be paid because of fraud
◉ Which type of worker has Social Security benefits available to
them?. Answer: Fully insured
◉ An insurance policy written after 1988 that fails to pass the seven-
pay test is know as. Answer: a modified endowment contract
◉ Not a valid reason to replace an existing long-term care policy?.
Answer: New policy has higher premium with fewer benefits
◉ statement that is true about Medicare. Answer: Benefits for
diagnostic tests and X-rays performed on an outpatient basis are
provided by part B
◉ In California , an insurer organized under the state laws of Oregon
is Called a(n). Answer: foreign insurer
◉ The conditions, times, and circumstances under which an insured
is NOT covered by a health policy are called?. Answer: Exclusions
COMPREHENSIVE EXAM SCRIPT WITH
CORRECT SOLUTIONS
◉ MRMIP is a. Answer: State program that offers health coverage to
California residents who are not able to obtain coverage due to pre-
existing conditions.
◉ When intentional concealment is involved, what course of action
is the injured party entitled to?. Answer: Rescission of the Contract
◉ In a renewable term life insurance policy , the contract will
usually. Answer: require a higher premium payable at each renewal
◉ What area of group health insurance is regulated under the
Employee Retirement Security Act of 1974 (ERISA)?. Answer:
Disclosure and reporting
◉ At what age is a surviving spouse without dependents eligible for
social security survivor benefits ?. Answer: 60
◉ A life insurance policy where the insured can choose where the
cash value can be invested is called. Answer: Variable life
,◉ Cindy buys a 10-year certain annuity with an installment refund.
After receiving monthly payments for 5 years, Cindy dies. How many
remaining payments will the insurer make to her beneficiary?.
Answer: 60 payments
◉ potential for loss. Answer: loss exposure
◉ Major medical expense plans typically use a cost containment
measure for emergency hospital care. This is referred to as a(n).
Answer: deductible
◉ where must you specifically reside to qualify for MRMIP?. Answer:
California
◉ statement is NOT true regarding Social Security benefits ?.
Answer: Benefits are designed to replace the entire amount of the
workers earnings
◉ Medicare Part A covers what type of care?. Answer: Skilled
nursing facility care
◉ Christine has a health insurance policy that has been in force
beyond the incontestable period. The insurer has discovered that a
fraudulent statement was made on the application. What would the
, insurer have to pay on a claim, assuming this wasn't a guaranteed
renewable policy?. Answer: Nothing will be paid because of fraud
◉ Which type of worker has Social Security benefits available to
them?. Answer: Fully insured
◉ An insurance policy written after 1988 that fails to pass the seven-
pay test is know as. Answer: a modified endowment contract
◉ Not a valid reason to replace an existing long-term care policy?.
Answer: New policy has higher premium with fewer benefits
◉ statement that is true about Medicare. Answer: Benefits for
diagnostic tests and X-rays performed on an outpatient basis are
provided by part B
◉ In California , an insurer organized under the state laws of Oregon
is Called a(n). Answer: foreign insurer
◉ The conditions, times, and circumstances under which an insured
is NOT covered by a health policy are called?. Answer: Exclusions
