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XCEL Final Version 2 Newest 2026/2027 Actual
Questions And Correct Detailed Answers (verified
Answers)||Already Graded A+||Newest Exam!!!!
What is the length of time for a midi-tail under the Basic
Extended Reporting Period of a CGL? - ANSWER-5 years
Defamation occurs when a producer - ANSWER-
circulates, a false, or malicious statement, as to the
financial condition of any insurer
When Harry and his insurance company disagreed about
the dollar value of his claim, they - ANSWER-each chose
an appraiser, who then chose an umpire
Which of the following statements regarding the filing of
workers comp claim is correct? - ANSWER-Within 2 years
from the date that one knew or had a reasonable belief,
that the disease was work-related
Michigan requires that a licensee complete ___ hours of
continuing education on the subject of ethics every
reporting period - ANSWER-3
Which of the following statements pertaining to Medical
Payment Part C of the CGL is False - ANSWER-A person
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has to establish the liability of the insured before medical
benefits will be paid under the contract
Which endorsement allows to coordinate their health
insurance and personal injury protection - ANSWER-The
Personal Injury Protection Coverage - Michigan
Which of the following statements are NOT true regarding
the limited fungi, wet or dry rot bacteria coverage -
ANSWER-HO 04 26 is used with HO3 forms
In which situation could the producer of an insurer be
personally liable? - ANSWER-when the producer performs
an act which is prohibited in the agency contract
Under Trailer Interchange Supplementary Payments, the
max amount for traffic bonds is? - ANSWER-$0
If a cybersecurity event occurs, a licensee must notify the
director of insurance within - ANSWER-10 business days
A "repair cost policy" is a home insurance policy in which
the insurance carrier bases the coverage - ANSWER-on
the property's market value
XCEL Final Version 2 Newest 2026/2027 Actual
Questions And Correct Detailed Answers (verified
Answers)||Already Graded A+||Newest Exam!!!!
What is the length of time for a midi-tail under the Basic
Extended Reporting Period of a CGL? - ANSWER-5 years
Defamation occurs when a producer - ANSWER-
circulates, a false, or malicious statement, as to the
financial condition of any insurer
When Harry and his insurance company disagreed about
the dollar value of his claim, they - ANSWER-each chose
an appraiser, who then chose an umpire
Which of the following statements regarding the filing of
workers comp claim is correct? - ANSWER-Within 2 years
from the date that one knew or had a reasonable belief,
that the disease was work-related
Michigan requires that a licensee complete ___ hours of
continuing education on the subject of ethics every
reporting period - ANSWER-3
Which of the following statements pertaining to Medical
Payment Part C of the CGL is False - ANSWER-A person
, 2|Page
has to establish the liability of the insured before medical
benefits will be paid under the contract
Which endorsement allows to coordinate their health
insurance and personal injury protection - ANSWER-The
Personal Injury Protection Coverage - Michigan
Which of the following statements are NOT true regarding
the limited fungi, wet or dry rot bacteria coverage -
ANSWER-HO 04 26 is used with HO3 forms
In which situation could the producer of an insurer be
personally liable? - ANSWER-when the producer performs
an act which is prohibited in the agency contract
Under Trailer Interchange Supplementary Payments, the
max amount for traffic bonds is? - ANSWER-$0
If a cybersecurity event occurs, a licensee must notify the
director of insurance within - ANSWER-10 business days
A "repair cost policy" is a home insurance policy in which
the insurance carrier bases the coverage - ANSWER-on
the property's market value
