XCEL TESTING SOLUTIONS TRAINING
STUDY SHEET 2026 UPDATED QUESTIONS
AND ANSWERS
◉Life insurance policies will normally pay for losses arising from.
Answer: commercial aviation
◉Medical Expense Insurance would cover. Answer: an injury
occurring at the insured's residence
◉The branch of dentistry which deals with the replacement of
missing parts is called. Answer: Prosthodontics
Prosthodontics is the branch of dentistry concerned with the design,
manufacture, and fitting of artificial replacements for teeth and
other parts of the mouth.
◉Under long-term care insurance, which of the following MUST an
insurer offer to each policyowner at the time of purchase?. Answer:
An inflation protection feature
,◉Which of the following provides Medicare supplement policies?.
Answer: Private insurance companies
◉A producer MUST be appointed by the insurer within how many
days from the date the agency contract application is submitted?.
Answer: 15
◉Which of the following is a reinstatement condition?. Answer:
proof of insurability
◉A policyowner may change two policy features on what type of life
insurance?. Answer: adjustable life
adjustable life allows the policyowner to change to policy features:
premium and face amount.
◉A notice of cash surrender value must be sent to a Universal Life
policyowner. Answer: at least annually
◉Which of the following does Coordination of Benefits allow?.
Answer: allows the secondary payer to reduce their benefit
payments so no more than 100% of the claim is paid
,◉Small employer group coverage is NOT required to be renewed in
each of the following circumstances EXCEPT. Answer: Number of
claims exceed threshold
CORRECT: intentional misrepresentation, noncompliance with
minimum participation requirements, small employer insurer no
longer offers that type of coverage
All of these are situations that allow the insurer to NOT renew small
employer group coverage EXCEPT "Number of claims exceed
threshold".
◉Tom has a home health care benefit and is confined to his home.
Which of these benefits is NOT typically covered?. Answer: Full-time
nursing care
Home health care is care provided in the insured's home, usually on
a part-time basis.
◉All of these are typically sources of underwriting information for
life or health insurance EXCEPT. Answer: Disclosure authorization
response
CORRECT: Consumer reports, Medical Information Bureau (MIB)
reports, Attending physician's statement (APS)
, ◉Under Michigan Insurance Code, Chapter 45, insurance fraud
defines financial loss as. Answer: loss of income
◉Which of the following individuals is REQUIRED to be licensed as
an insurance counselor in the State of Michigan?. Answer: A person
providing insurance advice to a person or business for a fee
◉A licensee can disclose a consumer's policy account number to all
of the following EXCEPT a. Answer: nonaffiliated third party
CORRECT: member in an affinity program that was identified to the
consumer upon entering the program, service provider marketing
on behalf of licensee, consumer reporting agency.
◉What is the tax liability for employer contributions in Health
Savings Accounts (HSA's)?. Answer: No tax payment needed
Employer-paid contributions to Health Savings Accounts are tax-free
to the employee.
◉A licensee who informs an insured of inaccurate terms, benefits, or
advantages of any policy is committing which of the following
violations?. Answer: Misrepresention
STUDY SHEET 2026 UPDATED QUESTIONS
AND ANSWERS
◉Life insurance policies will normally pay for losses arising from.
Answer: commercial aviation
◉Medical Expense Insurance would cover. Answer: an injury
occurring at the insured's residence
◉The branch of dentistry which deals with the replacement of
missing parts is called. Answer: Prosthodontics
Prosthodontics is the branch of dentistry concerned with the design,
manufacture, and fitting of artificial replacements for teeth and
other parts of the mouth.
◉Under long-term care insurance, which of the following MUST an
insurer offer to each policyowner at the time of purchase?. Answer:
An inflation protection feature
,◉Which of the following provides Medicare supplement policies?.
Answer: Private insurance companies
◉A producer MUST be appointed by the insurer within how many
days from the date the agency contract application is submitted?.
Answer: 15
◉Which of the following is a reinstatement condition?. Answer:
proof of insurability
◉A policyowner may change two policy features on what type of life
insurance?. Answer: adjustable life
adjustable life allows the policyowner to change to policy features:
premium and face amount.
◉A notice of cash surrender value must be sent to a Universal Life
policyowner. Answer: at least annually
◉Which of the following does Coordination of Benefits allow?.
Answer: allows the secondary payer to reduce their benefit
payments so no more than 100% of the claim is paid
,◉Small employer group coverage is NOT required to be renewed in
each of the following circumstances EXCEPT. Answer: Number of
claims exceed threshold
CORRECT: intentional misrepresentation, noncompliance with
minimum participation requirements, small employer insurer no
longer offers that type of coverage
All of these are situations that allow the insurer to NOT renew small
employer group coverage EXCEPT "Number of claims exceed
threshold".
◉Tom has a home health care benefit and is confined to his home.
Which of these benefits is NOT typically covered?. Answer: Full-time
nursing care
Home health care is care provided in the insured's home, usually on
a part-time basis.
◉All of these are typically sources of underwriting information for
life or health insurance EXCEPT. Answer: Disclosure authorization
response
CORRECT: Consumer reports, Medical Information Bureau (MIB)
reports, Attending physician's statement (APS)
, ◉Under Michigan Insurance Code, Chapter 45, insurance fraud
defines financial loss as. Answer: loss of income
◉Which of the following individuals is REQUIRED to be licensed as
an insurance counselor in the State of Michigan?. Answer: A person
providing insurance advice to a person or business for a fee
◉A licensee can disclose a consumer's policy account number to all
of the following EXCEPT a. Answer: nonaffiliated third party
CORRECT: member in an affinity program that was identified to the
consumer upon entering the program, service provider marketing
on behalf of licensee, consumer reporting agency.
◉What is the tax liability for employer contributions in Health
Savings Accounts (HSA's)?. Answer: No tax payment needed
Employer-paid contributions to Health Savings Accounts are tax-free
to the employee.
◉A licensee who informs an insured of inaccurate terms, benefits, or
advantages of any policy is committing which of the following
violations?. Answer: Misrepresention
