XCEL SOLUTIONS FINAL LATEST EXAM 2025
WITH MULTIPLE CHOICE OF QUESTIONS AND
DETAILED CORRECT ANSWERS ALREADY
GRADED A+ AND 100% GUARANTEE PASS (JUST
RELEASED!!!!!!)
The percentage of an individuals primary insurance amount
determines the benefits paid in which of the following programs -
CORRECT ANSWER-Social Security Disability Income
Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before
being able to apply for Social Security disability benefits? - CORRECT
ANSWER-5 months
After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms - CORRECT ANSWER-File written proof
of loss
Which of the following types of care is typically not covered in a
long term care policy - CORRECT ANSWER-acupuncture
,Which of these does not constitute policy delivery - CORRECT ANSWER-
Policy issued with a rating
Which type of plan normally includes hospice benefits - CORRECT
ANSWER-Managed care plans
Non-occupational disability coverage is designed for - CORRECT
ANSWER-Employees who suffer non work related disabilities, since
work related disabilities are covered by workers compensation
A policy of adhesion can only be modified by whom - CORRECT
ANSWER-The insurance company
G is an accountant who has ten employees and is concerned about
how the business would survive financially if G became disabled.
The type of policy which best addresses this concern is: - CORRECT
ANSWER-Business overhead expense
An architecture firm would stand to lose a lot of money in the
event of the death of its project manager. Which type of policy
should the firm purchase - CORRECT ANSWER-Key person life policy
A new general property and casualty licensee must complete at
LEAST ____ hours of continuing education within 24 months of
initial licensure - CORRECT ANSWER-24
,Which of the following groups may not be insured by a group life
insurance policy - CORRECT ANSWER-Individuals who are related by
blood
In Texas, which of these statements regarding the suicide clause is
true - CORRECT ANSWER-An insurer may not use suicide as a defense
against payment after the second year
Why is an applicants signature required on a life insurance
application - CORRECT ANSWER-To attest that the statements on the
application are accurate to the best of the applicant's knowledge
The phrase "transacting business" includes - CORRECT ANSWER-
Collecting premiums
Which of these arrangements allows one to bypass insurance
interest laws? - CORRECT ANSWER-Investor-Originated Life Insurance
With whom may an agent legally share commissions? - CORRECT
ANSWER-Another agent with the same Line of insurance
An agent takes an individual disability income application,
collects the premium, and issues the prospective insured
conditional receipt. The next step the insurance company will take
, is to: - CORRECT ANSWER-Determine if the applicant is an acceptable
risk by completing standard underwriting procedures
A $20,000 life insurance application is completed, however the
producer does not collect the initial premium. At what point does
the coverage go into effect - CORRECT ANSWER-When the applicant
receives the policy and pays the initial premium
B owns a Whole Life policy with a guaranteed insurability option
that allows him to purchase, without evidence of insurability,
stated amounts of - CORRECT ANSWER-additional Whole Life coverage
at specified times
Which of these provisions is not required in life insurance policies
- CORRECT ANSWER-Extended term
Which type of renewability best describes a disability income
policy that covers an individual until the age of 65, but the insurer
has the right to change the premium rate for the overall risk class?
- CORRECT ANSWER-Guaranteed renewable
K is the insured an P is the sole beneficiary on a life insurance
policy. both are involved in a fatal accident where K dies before P.
Under the common disaster provision, which of these statements
is true - CORRECT ANSWER-Proceeds will be payable to K's estate if P
dies within a specified time
WITH MULTIPLE CHOICE OF QUESTIONS AND
DETAILED CORRECT ANSWERS ALREADY
GRADED A+ AND 100% GUARANTEE PASS (JUST
RELEASED!!!!!!)
The percentage of an individuals primary insurance amount
determines the benefits paid in which of the following programs -
CORRECT ANSWER-Social Security Disability Income
Q is severely injured in an automobile accident and becomes
totally disabled. How many months must Q be disabled before
being able to apply for Social Security disability benefits? - CORRECT
ANSWER-5 months
After an insured gives notice of loss, what must he/she do if the
insurer does not furnish forms - CORRECT ANSWER-File written proof
of loss
Which of the following types of care is typically not covered in a
long term care policy - CORRECT ANSWER-acupuncture
,Which of these does not constitute policy delivery - CORRECT ANSWER-
Policy issued with a rating
Which type of plan normally includes hospice benefits - CORRECT
ANSWER-Managed care plans
Non-occupational disability coverage is designed for - CORRECT
ANSWER-Employees who suffer non work related disabilities, since
work related disabilities are covered by workers compensation
A policy of adhesion can only be modified by whom - CORRECT
ANSWER-The insurance company
G is an accountant who has ten employees and is concerned about
how the business would survive financially if G became disabled.
The type of policy which best addresses this concern is: - CORRECT
ANSWER-Business overhead expense
An architecture firm would stand to lose a lot of money in the
event of the death of its project manager. Which type of policy
should the firm purchase - CORRECT ANSWER-Key person life policy
A new general property and casualty licensee must complete at
LEAST ____ hours of continuing education within 24 months of
initial licensure - CORRECT ANSWER-24
,Which of the following groups may not be insured by a group life
insurance policy - CORRECT ANSWER-Individuals who are related by
blood
In Texas, which of these statements regarding the suicide clause is
true - CORRECT ANSWER-An insurer may not use suicide as a defense
against payment after the second year
Why is an applicants signature required on a life insurance
application - CORRECT ANSWER-To attest that the statements on the
application are accurate to the best of the applicant's knowledge
The phrase "transacting business" includes - CORRECT ANSWER-
Collecting premiums
Which of these arrangements allows one to bypass insurance
interest laws? - CORRECT ANSWER-Investor-Originated Life Insurance
With whom may an agent legally share commissions? - CORRECT
ANSWER-Another agent with the same Line of insurance
An agent takes an individual disability income application,
collects the premium, and issues the prospective insured
conditional receipt. The next step the insurance company will take
, is to: - CORRECT ANSWER-Determine if the applicant is an acceptable
risk by completing standard underwriting procedures
A $20,000 life insurance application is completed, however the
producer does not collect the initial premium. At what point does
the coverage go into effect - CORRECT ANSWER-When the applicant
receives the policy and pays the initial premium
B owns a Whole Life policy with a guaranteed insurability option
that allows him to purchase, without evidence of insurability,
stated amounts of - CORRECT ANSWER-additional Whole Life coverage
at specified times
Which of these provisions is not required in life insurance policies
- CORRECT ANSWER-Extended term
Which type of renewability best describes a disability income
policy that covers an individual until the age of 65, but the insurer
has the right to change the premium rate for the overall risk class?
- CORRECT ANSWER-Guaranteed renewable
K is the insured an P is the sole beneficiary on a life insurance
policy. both are involved in a fatal accident where K dies before P.
Under the common disaster provision, which of these statements
is true - CORRECT ANSWER-Proceeds will be payable to K's estate if P
dies within a specified time
