Xcel Solutions Final Exam Maryland Life
and Health Questions and Answers
1. What is normally the consequence for NOT obtaining
preadmission certification prior to receiving inpatient medical care?: A
reduction in benefits
2. A group-owned insurance company that is formed to assume and
spread the liability risks of its members is known as a: Risk retention
group
3. During the application process, a statement made by an
applicant that be- comes part of the contract is considered to be a(n):
Warranty
4. What is taken into consideration when defining "total disability" in a
disability income insurance policy?: The insured's education, training and
expirence
5. Sarah, age 88, is a life annuitant who has lived beyond her life
expectancy. The funds for additional benefit payments will be derived
primarily from funds that were: not distributed to life annuitants who died before life
expectancy
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8
, 6. Which type of policy can group term life insurance normally be
converted to?: An individual permanent life insurance policy
7. Impatient psychiatric care is covered under Part A Medicare
insurance for 190 days per: Lifetime
8. A source of supplemental income for a life insurance
policyowner can be derived from the: Cash value
9. The absolute assignment of a life insurance policy results in: all
incidents of ownership transferred to the assignee
10. All of these statements concerning group credit life
insurance are false EXCEPT: The face amount is based on the outstanding loan
balance
11. Which statement concerning adjustable life insurance is
accurate?: The face amount and premiums can be changed simultaneously by the
policyowner
12. Which settlement option makes minimum guaranteed dollar
payments over a stated number of years?: Fixed-Period
13. Insurance is NOT characterized as which of the following?: As the
number of insureds increase the number of losses decrease
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and Health Questions and Answers
1. What is normally the consequence for NOT obtaining
preadmission certification prior to receiving inpatient medical care?: A
reduction in benefits
2. A group-owned insurance company that is formed to assume and
spread the liability risks of its members is known as a: Risk retention
group
3. During the application process, a statement made by an
applicant that be- comes part of the contract is considered to be a(n):
Warranty
4. What is taken into consideration when defining "total disability" in a
disability income insurance policy?: The insured's education, training and
expirence
5. Sarah, age 88, is a life annuitant who has lived beyond her life
expectancy. The funds for additional benefit payments will be derived
primarily from funds that were: not distributed to life annuitants who died before life
expectancy
1/
8
, 6. Which type of policy can group term life insurance normally be
converted to?: An individual permanent life insurance policy
7. Impatient psychiatric care is covered under Part A Medicare
insurance for 190 days per: Lifetime
8. A source of supplemental income for a life insurance
policyowner can be derived from the: Cash value
9. The absolute assignment of a life insurance policy results in: all
incidents of ownership transferred to the assignee
10. All of these statements concerning group credit life
insurance are false EXCEPT: The face amount is based on the outstanding loan
balance
11. Which statement concerning adjustable life insurance is
accurate?: The face amount and premiums can be changed simultaneously by the
policyowner
12. Which settlement option makes minimum guaranteed dollar
payments over a stated number of years?: Fixed-Period
13. Insurance is NOT characterized as which of the following?: As the
number of insureds increase the number of losses decrease
2/
8
