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Exam (elaborations)

XCEL LIFE AND HEALTH INSURANCE FINAL EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS

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Preview 2 out of 13 pages

XCEL LIFE AND HEALTH INSURANCE FINAL EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS

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XCEL LIFE AND HEALTH INSURANCE FINAL EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS




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Practice questions for this set


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Which of the following statements is CORRECT about accelerated death
benefits?



Choose an answer



The premium has not been paid by
1 Fraternal Benefit Society 2
the insured

, 3 Payor Clause 4 Must have a terminal illness to qualify



Don't know?




Terms in this set (150)



Fraternal Benefit Society What is an organization that solicits insurance only
to its members?


An individual policy is given to each All of the following statements regarding group
member health insurance is true, EXCEPT:


31 days According to the Mandatory Uniform Policy
Provisions, what is the maximum amount of time
after the premium due date during which the policy
remains in force even though the premium has not
been paid?




Return to the customer, collect a new Agent J takes an application and initial premium
check made out to the insurance from an applicant and sends the application and
company, and send the new check premium check to the insurance company. The
out ot the insurance company insurance company returns the check back to J
because the check is made out to J instead of the
insurance compnay. What action should J take?

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