XCEL Solutions: Virginia Weighted Real Time Exam | 2023 | Questions with 100% Correct Answers | Updated & Verified

An accident and Health insurance applicant who fails to includes material medical information on an application would be reason for the insurer to - deny any future claims and to refund the premium S has a Whole Life Policy with a premium payment due soon. Which provision would keep the policy in force if S does not make the required payment and the policy has adequate cash value from which the premium payment can be made? - Automatic Policy Loan In order for coverage on a non-medical insurance application to take effect the same day, the producer must collect a signed application and - the initial premium M has a Major insurance policy with a $200 flat deductible and an 80% Coinsurance clause. If M incurs a $2,200 claim for an eligible medical expense, how much will M receive in payment for this claim? - $1,600 What benefit does the Payor clause on a Juvenile Life policy provide ? - Premiums are waived if payor becomes disabled