XCEL North Carolina Laws and Rules Exam Questions and Answers 100% Pass

XCEL North Carolina Laws and Rules Exam Questions and Answers 100% Pass Which of the following is NOT an unfair claim settlement practice? - Correct Answer ️️ -Needing written documentation of claim details 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. - Correct Answer ️️ -10 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: - Correct Answer ️️ -Must continue the coverage to the end of the period of time for which the premium was accepted The Commissioner of Insurance has notified an insurer that an Individual Health Policy form does not comply with North Carolina laws. The insurer may: - Correct Answer ️️ - Not issue the form in connection with any new application In North Carolina, which of the following MUST be delivered to a policyowner upon the sale of an individual life insurance policy? - Correct Answer ️️ -A Policy Summary and Buyer's Guide 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): - Correct Answer ️️ -Viatical Settlement In North Carolina, an agent obtains his/her license from the: - Correct Answer ️️ - Commissioner of Insurance An agent inducing an insured to lapse, forfeit, or surrender insurance through misrepresentation is committing the illegal act of: - Correct Answer ️️ -Twisting Industrial health insurance is a form of health insurance that: - Correct 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 An eligible employee has a MAXIMUM of ____ days after their first day of employment to be added to group health coverage. - Correct Answer ️️ -90 XYZ Insurance Company would like to begin conducting business in North Carolina. Before XYZ can issue or deliver a Health policy, the form, classification of risks, and premium rates MUST be filled with the: - Correct Answer ️️ -Commissioner of Insurance Life and Health Insurance Guaranty Association in North Carolina has regulations that apply ONLY to: - Correct Answer ️️ -Life and Health policies issued by companies authorized in North Carolina At what point during a transaction does a nonresident agent need a licensed resident agent to countersign any documents, policies, applications, or other insurance forms? - Correct Answer ️️ -At no point Before an insurer can increase the rates for individual accident and health policyowners, the insurer must provide written notice at least ____ days before the effective rate increase. - Correct Answer ️️ -30 North Carolina insurance law specifically allows the Commissioner to issue