XCEL North Carolina Laws and Rules Exam Questions with 100%
Correct Answers Latest Graded A+
Question:
Which of the following is NOT an unfair claim settlement practice?
Answer:
Needing written documentation of claim details
Question:
Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued
and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's
hearing date must be at least____ days after service of charges.
Answer:
10
Question:
K sent a renewal premium payment to her insurer that would extend her coverage beyond the
policy's maximum age limit. If the insurer accepts this premium payment, it:
Answer:
Must continue the coverage to the end of the period of time for which the premium was accepted
Question:
The Commissioner of Insurance has notified an insurer that an Individual Health Policy form does
not comply with North Carolina laws. The insurer may:
Answer:
Not issue the form in connection with any new application
Question:
In North Carolina, which of the following MUST be delivered to a policyowner upon the sale of an
individual life insurance policy?
Answer:
A Policy Summary and Buyer's Guide
, Question:
S is a life insurance policyowner and enters into a written agreement to receive immediate cash in
exchange for the sale and transfer of her life insurance policy. This agreement is referred to as a(n):
Answer:
Viatical Settlement
Question:
In North Carolina, an agent obtains his/her license from the:
Answer:
Commissioner of Insurance
Question:
An agent inducing an insured to lapse, forfeit, or surrender insurance through misrepresentation is
committing the illegal act of:
Answer:
Twisting
Question:
Industrial health insurance is a form of health insurance that:
Answer:
All of the above; Have a minimum grace period of 4 weeks for additional death benefit premium,
have a maximum of 2
years incontestability provision of the death benefit, and have a noncacellable death benefit unless
due to nonpayment of premium
Question:
An eligible employee has a MAXIMUM of days after their first day of employment to be added to
group health coverage.
Answer:
90
Question:
Correct Answers Latest Graded A+
Question:
Which of the following is NOT an unfair claim settlement practice?
Answer:
Needing written documentation of claim details
Question:
Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued
and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's
hearing date must be at least____ days after service of charges.
Answer:
10
Question:
K sent a renewal premium payment to her insurer that would extend her coverage beyond the
policy's maximum age limit. If the insurer accepts this premium payment, it:
Answer:
Must continue the coverage to the end of the period of time for which the premium was accepted
Question:
The Commissioner of Insurance has notified an insurer that an Individual Health Policy form does
not comply with North Carolina laws. The insurer may:
Answer:
Not issue the form in connection with any new application
Question:
In North Carolina, which of the following MUST be delivered to a policyowner upon the sale of an
individual life insurance policy?
Answer:
A Policy Summary and Buyer's Guide
, Question:
S is a life insurance policyowner and enters into a written agreement to receive immediate cash in
exchange for the sale and transfer of her life insurance policy. This agreement is referred to as a(n):
Answer:
Viatical Settlement
Question:
In North Carolina, an agent obtains his/her license from the:
Answer:
Commissioner of Insurance
Question:
An agent inducing an insured to lapse, forfeit, or surrender insurance through misrepresentation is
committing the illegal act of:
Answer:
Twisting
Question:
Industrial health insurance is a form of health insurance that:
Answer:
All of the above; Have a minimum grace period of 4 weeks for additional death benefit premium,
have a maximum of 2
years incontestability provision of the death benefit, and have a noncacellable death benefit unless
due to nonpayment of premium
Question:
An eligible employee has a MAXIMUM of days after their first day of employment to be added to
group health coverage.
Answer:
90
Question:
