Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150 Questions
A cease and desist order issued against a producer - ANS-Prohibits a specific practice listed in
the order
A cease and desist order issued against a producer prohibits a specific practice listed in the
order.
A clause that allows an insurer the right to terminate coverage at any anniversary date is called
a(n) - ANS-optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate coverage at
any anniversary or at any premium due date.
A disability income policy can prevent an insured from earning a higher income than if he/she
were working by utilizing - ANS-benefit limits
To prevent an insured from earning a higher income than if he or she were working, disability
income policies utilize benefit limits.
A guaranteed issue insurance policy has no - ANS-medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health insurance policy covers the insured, the insured's spouse, and their child. If additional
children are born to the family, the health insurance policy must cover the children - ANS-From
the date of birth
In this situation, the health insurance policy must cover the children from the date of birth.
A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT
cancel the policy is called a(n) - ANS-guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a guaranteed renewable
policy, but CANNOT cancel the policy.
A health insurance policy will typically cover - ANS-preventative health services
Preventative health services are normally covered under a health insurance policy.
A licensed producer who changes a residential or business address must notify the
Commissioner within how many days? - ANS-30
A licensed producer who changes a residential or business address must notify the
Commissioner within 30 days.
A life insurance illustration showing future premiums being paid out of nonguaranteed values
must disclose that - ANS-The policyowner may need to resume premium payments depending
on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed values
must disclose that the policyowner may need to resume premium payments depending on
actual results.
A life insurance policy becomes incontestable after it has been in force for - ANS-2 years
The contestable period in Louisiana for life insurance policies is 2 years.
, A life insurance policy normally contains a provision that restricts coverage in the event of death
under all of the following situations EXCEPT - ANS-fare-paying passenger
A policy may contain provisions excluding or restricting coverage as specified in the event of
death under all of these situations EXCEPT a fare-paying passenger.
A life insurance policy that has premiums fully paid up within a stated time period is called -
ANS-limited payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated
period, after which no further premiums are required.
A life insurance policyowner was injured in an automobile accident which results in a total and
permanent disability. Which rider would pay a monthly amount because of this disability? -
ANS-Disability income rider
The rider which pays a life insurance policyowner a monthly amount in the event of total and
permanent disability is called a disability income rider.
A limited payment whole life policy provides - ANS-lifetime protection
Premiums on limited payment whole life insurance are paid for a limited number of years, but
the benefits last a lifetime.
A medical provider that accepts Medicare Assignment must - ANS-accept payment based upon
a defined Medicare schedule as payment in full
A medical provider that accepts Medicare Assignment must accept payment based upon a
defined Medicare schedule as payment in full.
A Medicare supplement plan can be canceled by the insurer - ANS-for nonpayment of
premiums
An insurer can cancel a Medicare supplement plan after nonpayment of premiums.
A Medicare Supplement Policy is - ANS-designed to fill in the gaps of Part A and Part B
Medicare
A Medicare Supplement policy is designed to fill in the gaps of Part A and Part B Medicare.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance
in the licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of
the following requirements EXCEPT: - ANS-Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they
are already in good standing with their state of residence.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance
in the licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of
the following requirements EXCEPT: - ANS-Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they
are already in good standing with their state of residence.
A producer is required to give an applicant for long-term care - ANS-An outline of coverage
An outline of coverage must be delivered to a prospective applicant for long-term care insurance
at the time of initial solicitation.
A producer who is licensed in Louisiana but resident in another state is called a -
ANS-nonresident producer
Insurance- Weighted Exam- 150 Questions
A cease and desist order issued against a producer - ANS-Prohibits a specific practice listed in
the order
A cease and desist order issued against a producer prohibits a specific practice listed in the
order.
A clause that allows an insurer the right to terminate coverage at any anniversary date is called
a(n) - ANS-optional renewability clause
An optional renewability clause allows an insurer the unrestricted right to terminate coverage at
any anniversary or at any premium due date.
A disability income policy can prevent an insured from earning a higher income than if he/she
were working by utilizing - ANS-benefit limits
To prevent an insured from earning a higher income than if he or she were working, disability
income policies utilize benefit limits.
A guaranteed issue insurance policy has no - ANS-medical underwriting
A guaranteed issue policy refers to an insurance policy with no medical underwriting.
A health insurance policy covers the insured, the insured's spouse, and their child. If additional
children are born to the family, the health insurance policy must cover the children - ANS-From
the date of birth
In this situation, the health insurance policy must cover the children from the date of birth.
A health insurance policy that allows an insurer to change the policyowner's premiums, but NOT
cancel the policy is called a(n) - ANS-guaranteed renewable policy
An insurer has the right to change the premium for policyowners with a guaranteed renewable
policy, but CANNOT cancel the policy.
A health insurance policy will typically cover - ANS-preventative health services
Preventative health services are normally covered under a health insurance policy.
A licensed producer who changes a residential or business address must notify the
Commissioner within how many days? - ANS-30
A licensed producer who changes a residential or business address must notify the
Commissioner within 30 days.
A life insurance illustration showing future premiums being paid out of nonguaranteed values
must disclose that - ANS-The policyowner may need to resume premium payments depending
on actual results
A life insurance illustration showing future premiums being paid out of nonguaranteed values
must disclose that the policyowner may need to resume premium payments depending on
actual results.
A life insurance policy becomes incontestable after it has been in force for - ANS-2 years
The contestable period in Louisiana for life insurance policies is 2 years.
, A life insurance policy normally contains a provision that restricts coverage in the event of death
under all of the following situations EXCEPT - ANS-fare-paying passenger
A policy may contain provisions excluding or restricting coverage as specified in the event of
death under all of these situations EXCEPT a fare-paying passenger.
A life insurance policy that has premiums fully paid up within a stated time period is called -
ANS-limited payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a stated
period, after which no further premiums are required.
A life insurance policyowner was injured in an automobile accident which results in a total and
permanent disability. Which rider would pay a monthly amount because of this disability? -
ANS-Disability income rider
The rider which pays a life insurance policyowner a monthly amount in the event of total and
permanent disability is called a disability income rider.
A limited payment whole life policy provides - ANS-lifetime protection
Premiums on limited payment whole life insurance are paid for a limited number of years, but
the benefits last a lifetime.
A medical provider that accepts Medicare Assignment must - ANS-accept payment based upon
a defined Medicare schedule as payment in full
A medical provider that accepts Medicare Assignment must accept payment based upon a
defined Medicare schedule as payment in full.
A Medicare supplement plan can be canceled by the insurer - ANS-for nonpayment of
premiums
An insurer can cancel a Medicare supplement plan after nonpayment of premiums.
A Medicare Supplement Policy is - ANS-designed to fill in the gaps of Part A and Part B
Medicare
A Medicare Supplement policy is designed to fill in the gaps of Part A and Part B Medicare.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance
in the licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of
the following requirements EXCEPT: - ANS-Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they
are already in good standing with their state of residence.
A nonresident of Louisiana who has satisfied the licensing requirements for a line of insurance
in the licensee's state and who wishes to sell that line of insurance in Louisiana, must meet all of
the following requirements EXCEPT: - ANS-Take the appropriate Louisiana licensing
examination
A nonresident licensee from another state is not required to take a licensing examination if they
are already in good standing with their state of residence.
A producer is required to give an applicant for long-term care - ANS-An outline of coverage
An outline of coverage must be delivered to a prospective applicant for long-term care insurance
at the time of initial solicitation.
A producer who is licensed in Louisiana but resident in another state is called a -
ANS-nonresident producer
