©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM
XCEL Chapter 11 chapter exam Practice
Questions and Answers
Maria the insurance producer completes a sale by collecting the required
signatures on the application and obtaining the initial premium.
Afterwards, she deposited the check into a personal checking account.
Maria committed what crime? - Answer✔️✔️-Fraud
Making a statement that is false and maliciously critical of the financial
condition of the insurer is known as - Answer✔️✔️-Defamation
Which of the following statements is true about an insurer's right to screen
applicants for HIV? - Answer✔️✔️-An insurer can require a blood test for
HIV
What information is found in a life insurance buyers guide - Answer✔️✔️-
How to compare life insurance policy rates, how to compare life insurance
policy requirements, how to determine how much life insurance to
purchase.
The commissioner MUST give a MINIMUM of how many days' notice of a
disciplinary hearing? - Answer✔️✔️-10 days
An insurer may pay a commission in which of the following scenarios? -
Answer✔️✔️-To a licensed producer who is appointed with the insurer
1
, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM
Which of the following is permitted in an advertisement for an insurance
policy? - Answer✔️✔️-The insurer's name
A foreign insurance company is defined as one that is? - Answer✔️✔️-
Formed under the laws of a state other than Arkansas
An example of replacement is - Answer✔️✔️-Canceling a term life policy to
buy a whole life policy
If dividends are illustrated, the advertisement must state that the dividends
are - Answer✔️✔️-Not guaranteed
A life insurance policy becomes incontestable after it has been in force for -
Answer✔️✔️-2 years
During hearing proceedings, if a person files a waiver of immunity or
privilege, and the testimony is produced before court or jury, the person
loses their__________. - Answer✔️✔️-Immunity
Which of the following basics is a producers fiduciary responsibility? -
Answer✔️✔️-Collecting premiums and paying them to the insurance
company
How long must the commissioner maintain a complete record for every
licensee in Arkansas for? - Answer✔️✔️-As long as He/She deems
necessary.
2
XCEL Chapter 11 chapter exam Practice
Questions and Answers
Maria the insurance producer completes a sale by collecting the required
signatures on the application and obtaining the initial premium.
Afterwards, she deposited the check into a personal checking account.
Maria committed what crime? - Answer✔️✔️-Fraud
Making a statement that is false and maliciously critical of the financial
condition of the insurer is known as - Answer✔️✔️-Defamation
Which of the following statements is true about an insurer's right to screen
applicants for HIV? - Answer✔️✔️-An insurer can require a blood test for
HIV
What information is found in a life insurance buyers guide - Answer✔️✔️-
How to compare life insurance policy rates, how to compare life insurance
policy requirements, how to determine how much life insurance to
purchase.
The commissioner MUST give a MINIMUM of how many days' notice of a
disciplinary hearing? - Answer✔️✔️-10 days
An insurer may pay a commission in which of the following scenarios? -
Answer✔️✔️-To a licensed producer who is appointed with the insurer
1
, ©SOPHIABENNETT@2024-2025 Monday, August 26, 2024 6:09 AM
Which of the following is permitted in an advertisement for an insurance
policy? - Answer✔️✔️-The insurer's name
A foreign insurance company is defined as one that is? - Answer✔️✔️-
Formed under the laws of a state other than Arkansas
An example of replacement is - Answer✔️✔️-Canceling a term life policy to
buy a whole life policy
If dividends are illustrated, the advertisement must state that the dividends
are - Answer✔️✔️-Not guaranteed
A life insurance policy becomes incontestable after it has been in force for -
Answer✔️✔️-2 years
During hearing proceedings, if a person files a waiver of immunity or
privilege, and the testimony is produced before court or jury, the person
loses their__________. - Answer✔️✔️-Immunity
Which of the following basics is a producers fiduciary responsibility? -
Answer✔️✔️-Collecting premiums and paying them to the insurance
company
How long must the commissioner maintain a complete record for every
licensee in Arkansas for? - Answer✔️✔️-As long as He/She deems
necessary.
2
