Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150 Questions
AND ANSWERS
1. A end and desist order issued in opposition to a producer - ANSWER-Prohibits a
selected exercise indexed in the order
A stop and desist order issued towards a manufacturer prohibits a specific
practice indexed within the order.
2. A clause that allows an insurer the right to terminate insurance at any anniversary date is
known as a(n) - ANSWER-optional renewability clause
An elective renewability clause permits an insurer the unrestricted right to
terminate insurance at any anniversary or at any top rate due date.
3. A disability income coverage can save you an insured from earning a higher income than
if he/she have been working by using making use of - ANSWER-benefit limits
To prevent an insured from earning a higher profits than if he or she have been
working, disability earnings regulations make use of benefit limits.
4. A assured trouble insurance policy has no - ANSWER-scientific underwriting
A guaranteed difficulty coverage refers to an coverage policy with out a clinical
underwriting.
5. A health insurance coverage covers the insured, the insured's spouse, and their child. If
extra children are born to the circle of relatives, the health insurance policy should cowl
the youngsters - ANSWER-From the date of beginning
In this situation, the medical insurance policy should cover the youngsters from
the date of start.
6. A medical health insurance policy that lets in an insurer to change the policyowner's
premiums, but NOT cancel the coverage is called a(n) - ANSWER-assured renewable
policy
An insurer has the proper to alternate the top rate for policyowners with a
guaranteed renewable coverage, but CANNOT cancel the policy.
7. A medical health insurance coverage will usually cowl - ANSWER-preventative fitness
offerings
Preventative health services are generally blanketed beneath a health insurance
policy.
8. A licensed manufacturer who modifications a residential or business address have to
notify the Commissioner within how many days? - ANSWER-30
A licensed producer who changes a residential or commercial enterprise deal
with have to notify the Commissioner within 30 days.
, 9. A existence insurance illustration displaying future rates being paid out of
nonguaranteed values must expose that - ANSWER-The policyowner can also want
to renew premium bills relying on real results
A existence coverage instance displaying destiny rates being paid out of
nonguaranteed values have to expose that the policyowner may need to resume
top rate payments depending on actual results.
10.A existence coverage policy turns into incontestable after it has been in force for -
ANSWER-2 years
The contestable duration in Louisiana for lifestyles insurance guidelines is 2
years.
11.A lifestyles coverage policy typically includes a provision that restricts insurance in the
event of loss of life underneath all of the following conditions EXCEPT -
ANSWER-fare-paying passenger
A coverage may include provisions with the exception of or proscribing
insurance as particular in the event of dying underneath all of these conditions
EXCEPT a fare-paying passenger.
12.A existence coverage policy that has charges completely paid up inside a stated term is
known as - ANSWER-restrained price coverage
Limited charge coverage is characterised via charges which can be absolutely
paid up inside a said duration, after which no similarly rates are required.
13.A life insurance policyowner turned into injured in an vehicle coincidence which ends up
in a complete and permanent disability. Which rider would pay a month-to-month amount
due to this disability? - ANSWER-Disability income rider
14.The rider which can pay a life coverage policyowner a month-to-month quantity inside
the occasion of total and everlasting disability is called a disability income rider.
A limited fee entire existence coverage presents - ANSWER-lifetime safety
Premiums on limited price whole existence insurance are paid for a limited wide
variety of years, but the advantages remaining a life-time.
15.A clinical provider that accepts Medicare Assignment need to - ANSWER-be given
payment based totally upon a described Medicare time table as price in full
A scientific provider that accepts Medicare Assignment should be given fee based
upon a described Medicare schedule as price in full.
16.A Medicare complement plan may be canceled with the aid of the insurer - ANSWER-for
nonpayment of charges
An insurer can cancel a Medicare supplement plan after nonpayment of rates.
17.A Medicare Supplement Policy is - ANSWER-designed to fill within the gaps of Part
A and Part B Medicare
A Medicare Supplement coverage is designed to fill within the gaps of Part A and
Part B Medicare.
18.A nonresident of Louisiana who has satisfied the licensing requirements for a line of
insurance within the licensee's state and who wishes to promote that line of coverage in
Louisiana, need to meet all of the following requirements EXCEPT: - ANSWER-Take the
precise Louisiana licensing exam
Insurance- Weighted Exam- 150 Questions
AND ANSWERS
1. A end and desist order issued in opposition to a producer - ANSWER-Prohibits a
selected exercise indexed in the order
A stop and desist order issued towards a manufacturer prohibits a specific
practice indexed within the order.
2. A clause that allows an insurer the right to terminate insurance at any anniversary date is
known as a(n) - ANSWER-optional renewability clause
An elective renewability clause permits an insurer the unrestricted right to
terminate insurance at any anniversary or at any top rate due date.
3. A disability income coverage can save you an insured from earning a higher income than
if he/she have been working by using making use of - ANSWER-benefit limits
To prevent an insured from earning a higher profits than if he or she have been
working, disability earnings regulations make use of benefit limits.
4. A assured trouble insurance policy has no - ANSWER-scientific underwriting
A guaranteed difficulty coverage refers to an coverage policy with out a clinical
underwriting.
5. A health insurance coverage covers the insured, the insured's spouse, and their child. If
extra children are born to the circle of relatives, the health insurance policy should cowl
the youngsters - ANSWER-From the date of beginning
In this situation, the medical insurance policy should cover the youngsters from
the date of start.
6. A medical health insurance policy that lets in an insurer to change the policyowner's
premiums, but NOT cancel the coverage is called a(n) - ANSWER-assured renewable
policy
An insurer has the proper to alternate the top rate for policyowners with a
guaranteed renewable coverage, but CANNOT cancel the policy.
7. A medical health insurance coverage will usually cowl - ANSWER-preventative fitness
offerings
Preventative health services are generally blanketed beneath a health insurance
policy.
8. A licensed manufacturer who modifications a residential or business address have to
notify the Commissioner within how many days? - ANSWER-30
A licensed producer who changes a residential or commercial enterprise deal
with have to notify the Commissioner within 30 days.
, 9. A existence insurance illustration displaying future rates being paid out of
nonguaranteed values must expose that - ANSWER-The policyowner can also want
to renew premium bills relying on real results
A existence coverage instance displaying destiny rates being paid out of
nonguaranteed values have to expose that the policyowner may need to resume
top rate payments depending on actual results.
10.A existence coverage policy turns into incontestable after it has been in force for -
ANSWER-2 years
The contestable duration in Louisiana for lifestyles insurance guidelines is 2
years.
11.A lifestyles coverage policy typically includes a provision that restricts insurance in the
event of loss of life underneath all of the following conditions EXCEPT -
ANSWER-fare-paying passenger
A coverage may include provisions with the exception of or proscribing
insurance as particular in the event of dying underneath all of these conditions
EXCEPT a fare-paying passenger.
12.A existence coverage policy that has charges completely paid up inside a stated term is
known as - ANSWER-restrained price coverage
Limited charge coverage is characterised via charges which can be absolutely
paid up inside a said duration, after which no similarly rates are required.
13.A life insurance policyowner turned into injured in an vehicle coincidence which ends up
in a complete and permanent disability. Which rider would pay a month-to-month amount
due to this disability? - ANSWER-Disability income rider
14.The rider which can pay a life coverage policyowner a month-to-month quantity inside
the occasion of total and everlasting disability is called a disability income rider.
A limited fee entire existence coverage presents - ANSWER-lifetime safety
Premiums on limited price whole existence insurance are paid for a limited wide
variety of years, but the advantages remaining a life-time.
15.A clinical provider that accepts Medicare Assignment need to - ANSWER-be given
payment based totally upon a described Medicare time table as price in full
A scientific provider that accepts Medicare Assignment should be given fee based
upon a described Medicare schedule as price in full.
16.A Medicare complement plan may be canceled with the aid of the insurer - ANSWER-for
nonpayment of charges
An insurer can cancel a Medicare supplement plan after nonpayment of rates.
17.A Medicare Supplement Policy is - ANSWER-designed to fill within the gaps of Part
A and Part B Medicare
A Medicare Supplement coverage is designed to fill within the gaps of Part A and
Part B Medicare.
18.A nonresident of Louisiana who has satisfied the licensing requirements for a line of
insurance within the licensee's state and who wishes to promote that line of coverage in
Louisiana, need to meet all of the following requirements EXCEPT: - ANSWER-Take the
precise Louisiana licensing exam
