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Xcel Testing Solutions Life and Health
Insurance Weighted Exam
A cease and desist order issued against a producer? - Prohibits a specific practice listed in the order
A cease and desist order issued against a producer prohibits a specific practice listed in the order.
A clause that allows an insurer the right to terminate coverage at any anniversary date is called a(n)? -
optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate coverage at any
anniversary or at any premium due date.
A disability income policy can prevent an insured from earning a higher income than if he/she were
working by utilizing? - benefit limits
To prevent an insured from earning a higher income than if he or she were working, disability income
policies utilize benefit limits.
A guaranteed issue insurance policy has no? - medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health insurance policy covers the insured, the insured's spouse, and their child. If additional children
are born to the family, the health insurance policy must cover the children? - From the date of birth
In this situation, the health insurance policy must cover the children from the date of birth.
A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT cancel
the policy is called a(n)? - guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a guaranteed renewable policy,
but CANNOT cancel the policy.
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A health insurance policy will typically cover? - preventative health services
Preventative health services are normally covered under a health insurance policy.
A licensed producer who changes a residential or business address must notify the Commissioner within
how many days?? - 30
A licensed producer who changes a residential or business address must notify the Commissioner within
30 days.
A life insurance illustration showing future premiums being paid out of nonguaranteed values must
disclose that? - The policyowner may need to resume premium payments depending on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed values must
disclose that the policyowner may need to resume premium payments depending on actual results.
A life insurance policy becomes incontestable after it has been in force for? - 2 years
The contestable period in Louisiana for life insurance policies is 2 years.
A life insurance policy normally contains a provision that restricts coverage in the event of death under
all of the following situations EXCEPT? - fare-paying passenger
A policy may contain provisions excluding or restricting coverage as specified in the event of death
under all of these situations EXCEPT a fare-paying passenger.
A life insurance policy that has premiums fully paid up within a stated time period is called? - limited
payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated period,
after which no further premiums are required.
A life insurance policyowner was injured in an automobile accident which results in a total and
permanent disability. Which rider would pay a monthly amount because of this disability?? - Disability
income rider
The rider which pays a life insurance policyowner a monthly amount in the event of total and permanent
disability is called a disability income rider.
A limited payment whole life policy provides? - lifetime protection
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Premiums on limited payment whole life insurance are paid for a limited number of years, but the
benefits last a lifetime.
A medical provider that accepts Medicare Assignment must? - accept payment based upon a defined
Medicare schedule as payment in full
A medical provider that accepts Medicare Assignment must accept payment based upon a defined
Medicare schedule as payment in full.
A Medicare supplement plan can be canceled by the insurer? - for nonpayment of premiums
An insurer can cancel a Medicare supplement plan after nonpayment of premiums.
A Medicare Supplement Policy is? - designed to fill in the gaps of Part A and Part B Medicare
A Medicare Supplement policy is designed to fill in the gaps of Part A and Part B Medicare.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT:? - Take the appropriate Louisiana licensing examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT:? - Take the appropriate Louisiana licensing examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A producer is required to give an applicant for long-term care? - An outline of coverage
An outline of coverage must be delivered to a prospective applicant for long-term care insurance at the
time of initial solicitation.
A producer who is licensed in Louisiana but resident in another state is called a? - nonresident producer
A producer licensed in Louisiana but a resident in another state is called a nonresident producer.
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A producer's license in Louisiana must be renewed every? - Two years
Producer licenses are issued for periods of 2 years.
A provision that allows a policyowner to withdraw a policy's cash value interest free is a(n)? - partial
surrender
A partial surrender allows the policyowner to withdraw the policy's cash value interest free.
A securities license is required for a life insurance producer to sell? - variable life insurance
A life insurance producer needs to possess a securities license to sell variable annuities.
A temporary producer's license is effective for? - 180 days
A temporary producer's license is effective for 180 days.
A viatical settlement contract is an agreement between? - A life insurance policyowner and a viatical
settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and a viatical
settlement provider.
A waiver of premium rider allows an insured to waive premium payments if the insured is? - completely
and permanently disabled
Under a waiver of premium rider, the company waives the right to receive a premium if the insured
individual is permanently and completely disabled.
A whole life policy option where extended term insurance is selected is called a(n)? - nonforfeiture
option
A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to
the existing amount of life insurance is called the extended term option.
All _____ policies must be guaranteed renewable.? - long-term care
All long-term care policies must be guaranteed renewable.
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Xcel Testing Solutions Life and Health
Insurance Weighted Exam
A cease and desist order issued against a producer? - Prohibits a specific practice listed in the order
A cease and desist order issued against a producer prohibits a specific practice listed in the order.
A clause that allows an insurer the right to terminate coverage at any anniversary date is called a(n)? -
optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate coverage at any
anniversary or at any premium due date.
A disability income policy can prevent an insured from earning a higher income than if he/she were
working by utilizing? - benefit limits
To prevent an insured from earning a higher income than if he or she were working, disability income
policies utilize benefit limits.
A guaranteed issue insurance policy has no? - medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health insurance policy covers the insured, the insured's spouse, and their child. If additional children
are born to the family, the health insurance policy must cover the children? - From the date of birth
In this situation, the health insurance policy must cover the children from the date of birth.
A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT cancel
the policy is called a(n)? - guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a guaranteed renewable policy,
but CANNOT cancel the policy.
027 ExamQ&A
questions
2026/2027
and answers
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2026 2027
andComplete
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exam 2027
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Q&A Exam
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questions
Exam preparation
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A health insurance policy will typically cover? - preventative health services
Preventative health services are normally covered under a health insurance policy.
A licensed producer who changes a residential or business address must notify the Commissioner within
how many days?? - 30
A licensed producer who changes a residential or business address must notify the Commissioner within
30 days.
A life insurance illustration showing future premiums being paid out of nonguaranteed values must
disclose that? - The policyowner may need to resume premium payments depending on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed values must
disclose that the policyowner may need to resume premium payments depending on actual results.
A life insurance policy becomes incontestable after it has been in force for? - 2 years
The contestable period in Louisiana for life insurance policies is 2 years.
A life insurance policy normally contains a provision that restricts coverage in the event of death under
all of the following situations EXCEPT? - fare-paying passenger
A policy may contain provisions excluding or restricting coverage as specified in the event of death
under all of these situations EXCEPT a fare-paying passenger.
A life insurance policy that has premiums fully paid up within a stated time period is called? - limited
payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated period,
after which no further premiums are required.
A life insurance policyowner was injured in an automobile accident which results in a total and
permanent disability. Which rider would pay a monthly amount because of this disability?? - Disability
income rider
The rider which pays a life insurance policyowner a monthly amount in the event of total and permanent
disability is called a disability income rider.
A limited payment whole life policy provides? - lifetime protection
027 ExamQ&A
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2026/2027
and answers
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2026 2027
andComplete
answers 2026
exam 2027
solutions
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Q&A Exam
exam
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questions
Exam preparation
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Premiums on limited payment whole life insurance are paid for a limited number of years, but the
benefits last a lifetime.
A medical provider that accepts Medicare Assignment must? - accept payment based upon a defined
Medicare schedule as payment in full
A medical provider that accepts Medicare Assignment must accept payment based upon a defined
Medicare schedule as payment in full.
A Medicare supplement plan can be canceled by the insurer? - for nonpayment of premiums
An insurer can cancel a Medicare supplement plan after nonpayment of premiums.
A Medicare Supplement Policy is? - designed to fill in the gaps of Part A and Part B Medicare
A Medicare Supplement policy is designed to fill in the gaps of Part A and Part B Medicare.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT:? - Take the appropriate Louisiana licensing examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance in the
licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of the following
requirements EXCEPT:? - Take the appropriate Louisiana licensing examination
A nonresident licensee from another state is not required to take a licensing examination if they are
already in good standing with their state of residence.
A producer is required to give an applicant for long-term care? - An outline of coverage
An outline of coverage must be delivered to a prospective applicant for long-term care insurance at the
time of initial solicitation.
A producer who is licensed in Louisiana but resident in another state is called a? - nonresident producer
A producer licensed in Louisiana but a resident in another state is called a nonresident producer.
027 ExamQ&A
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2026/2027
and answers
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andComplete
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Q&A Exam
exam
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A producer's license in Louisiana must be renewed every? - Two years
Producer licenses are issued for periods of 2 years.
A provision that allows a policyowner to withdraw a policy's cash value interest free is a(n)? - partial
surrender
A partial surrender allows the policyowner to withdraw the policy's cash value interest free.
A securities license is required for a life insurance producer to sell? - variable life insurance
A life insurance producer needs to possess a securities license to sell variable annuities.
A temporary producer's license is effective for? - 180 days
A temporary producer's license is effective for 180 days.
A viatical settlement contract is an agreement between? - A life insurance policyowner and a viatical
settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and a viatical
settlement provider.
A waiver of premium rider allows an insured to waive premium payments if the insured is? - completely
and permanently disabled
Under a waiver of premium rider, the company waives the right to receive a premium if the insured
individual is permanently and completely disabled.
A whole life policy option where extended term insurance is selected is called a(n)? - nonforfeiture
option
A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to
the existing amount of life insurance is called the extended term option.
All _____ policies must be guaranteed renewable.? - long-term care
All long-term care policies must be guaranteed renewable.
027 ExamQ&A
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2026/2027
and answers
Exam questions
2026 2027
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Q&A Exam
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Exam preparation
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