BUNDLED XCEL CHAPTER 1-17 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+

XCEL CHAPTER 3 EXAM QUESTIONS AND VERIFIED CORRECT ANSWERS GRADED A+ Ambiguities in an insurance policy are always resolved in favor of the insured The authority granted to a licensed producer is provided via the law of agency ______ is NOT an element of a valid contract. countersignature Ins...

XCEL CHAPTER 3 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose Legal purpose In an insurance contract, the element that shows each party is giving som...

XCEL CHAPTER 10 EXAM QUESTIONS WITH COMPLETE SOLUTIONS CERIFIED GRADED A+ Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D...

XCEL CHAPTER 5 EXAM WITH COMPLETE SOLUTIONS 100% SOLVED ALREADY PASSED A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions adverse selection All of the following are characteristics of a Group...

XCEL CHAPTER 4 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 100% GUARANTEED PASS Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insu...

XCEL CHAPTER 11 EXAM QUESTIONS AND VERIFIED CORRECT ANSWERS GRADED A+ What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive ...

XCEL CHAPTER 4 A EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Rob purchased a standard whole life policy with a $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 of the policy equals $250,000. Rob r...

XCEL CHAPTER 9 EXAM QUESTIONS WITH COMPLETE VERIFIED SOLUTIONS LATEST UPDATE Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? A. Payout period B. Accumulation period C. Deferred period D. Growth period Accumulation period Mari...

XCEL CHAPTER 6 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ A life insurance claim which involves a per capita distribution of policy proceeds would be payable to the? A. estate of the insured only B. estate of the deceased beneficiaries only C. named contingent beneficiaries only...

XCEL CHAPTER 7 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed...

XCEL CHAPTER 15 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called A. adult day care B. home health care C. skilled nursing care D. custodial care skilled nursing c...

XCEL CHAPTER 12 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS AND VERIFIED ANSWERS GRADED A+ All of the following doctors provide primary care to health insuring corporation (HIC) members EXCEPT? A. Internists B. Surgeons C. General practitioners D. Pediatricians Surgeons Donna and Mary wer...

XCEL CHAPTER 11 -EXAM QUESTIONS AND ANSWERS GRADED A+ If there is suspicion of an unauthorized person engaging in insurance business without being licensed. When may the commissioner issue an emergency cease and desist order? Reviewing and approving license applications Which of the following ...

XCEL CHAPTER 17 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND GRADED A+ Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applic...