XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
If an insurance company issues a Disability Income policy that it cannot
cancel or for which it cannot increase premiums, the type of
renewability that best desribes this policy is called - ANSWERS-
noncancellable
Which of these statements accurately describes the Waiver of Premium
provision in an Accident and Health policy? - ANSWERS-Premiums are
waived after the insured has been totally disabled for a specified time
period
G is involved in an automobile accident as a result of driving while
intoxicated and suffers numerous injuries. According to the Intoxicants
and Narcotics exclusion in G's policy, who is responsible for paying the
medical bills? - ANSWERS-The insured
Which of the following are NOT managed care organizations? -
ANSWERS-Medical Information Bureau (MIB)
Which of the following statements about the classification of applicants
is INCORRECT? - ANSWERS-Substandard applicants are never
declined by underwriters
END OF
PAGE
1
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely
regard this second period of disability as? - ANSWERS-A recurrent
disability
When an insured has the same disability within a specified time period
and the insurance company provides the same benefits without a new
waiting period, the second disability is covered under which of the
following benefits? - ANSWERS-Recurrent Disability
T has Disability Income policy that pays a monthly benefit of $5000. If
T becomes partially disabled, what can he likely expect? - ANSWERS-
Less than $5,000 per month benefit regardless of the cause
The underwriting process involves all of these EXCEPT for -
ANSWERS-Policy Loan
END OF
PAGE
2
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
Which parts of a life insurance policy are guaranteed to be true? -
ANSWERS-warranty
An insured covered by life insurance has just died. What will happen if
the primary beneficiary had already died before the insured and
contingent beneficiary? - ANSWERS-Proceeds will go to the contingent
beneficiary
The option that provides an additional death benefit for a limited amount
of time at the lowest possible cost is called a(n) - ANSWERS-Accidental
Death and Dismemberment rider (AD&D)
All students attending a large university could be covered by -
ANSWERS-A blanket policy
Which of the following statements is true about most Blue Cross/Blue
Shield organizations? - ANSWERS-They are nonprofit organizations
END OF
PAGE
3
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
An individual Disability Income insurance applicant may be required to
submit all of the following information EXCEPT - ANSWERS-spouse's
occupation
A CEO's personal assistant suffered injuries at home and as a result, was
unable to work for four months. Which type of policy will pay a
monthly benefit to the personal assistant? - ANSWERS-Disability
income
P is a Major Medical policyowner who is hospitalized as a result of
injuries sustained from participating in a carjacking. How will the
insurer most likely handle this claim? - ANSWERS-Claim will be
denied
An insurance agent who convinces a prospective insured to purchase a
policy by exaggerating the benefits of the policy may be found guilty of
- ANSWERS-misrepresentation
Policyholders elect the governing bodies of which of the following types
of insurance companies? - ANSWERS-Mutual
END OF
PAGE
4
SOLUTIONS (LIFE &
HEALTH) FINAL
If an insurance company issues a Disability Income policy that it cannot
cancel or for which it cannot increase premiums, the type of
renewability that best desribes this policy is called - ANSWERS-
noncancellable
Which of these statements accurately describes the Waiver of Premium
provision in an Accident and Health policy? - ANSWERS-Premiums are
waived after the insured has been totally disabled for a specified time
period
G is involved in an automobile accident as a result of driving while
intoxicated and suffers numerous injuries. According to the Intoxicants
and Narcotics exclusion in G's policy, who is responsible for paying the
medical bills? - ANSWERS-The insured
Which of the following are NOT managed care organizations? -
ANSWERS-Medical Information Bureau (MIB)
Which of the following statements about the classification of applicants
is INCORRECT? - ANSWERS-Substandard applicants are never
declined by underwriters
END OF
PAGE
1
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
P received Disability income benefits for 3 months then returns to work.
She is able to work one month before her condition returns, leaving her
disabled once again. What would the insurance company most likely
regard this second period of disability as? - ANSWERS-A recurrent
disability
When an insured has the same disability within a specified time period
and the insurance company provides the same benefits without a new
waiting period, the second disability is covered under which of the
following benefits? - ANSWERS-Recurrent Disability
T has Disability Income policy that pays a monthly benefit of $5000. If
T becomes partially disabled, what can he likely expect? - ANSWERS-
Less than $5,000 per month benefit regardless of the cause
The underwriting process involves all of these EXCEPT for -
ANSWERS-Policy Loan
END OF
PAGE
2
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
Which parts of a life insurance policy are guaranteed to be true? -
ANSWERS-warranty
An insured covered by life insurance has just died. What will happen if
the primary beneficiary had already died before the insured and
contingent beneficiary? - ANSWERS-Proceeds will go to the contingent
beneficiary
The option that provides an additional death benefit for a limited amount
of time at the lowest possible cost is called a(n) - ANSWERS-Accidental
Death and Dismemberment rider (AD&D)
All students attending a large university could be covered by -
ANSWERS-A blanket policy
Which of the following statements is true about most Blue Cross/Blue
Shield organizations? - ANSWERS-They are nonprofit organizations
END OF
PAGE
3
, XCELL TESTING LATEST
SOLUTIONS (LIFE &
HEALTH) FINAL
An individual Disability Income insurance applicant may be required to
submit all of the following information EXCEPT - ANSWERS-spouse's
occupation
A CEO's personal assistant suffered injuries at home and as a result, was
unable to work for four months. Which type of policy will pay a
monthly benefit to the personal assistant? - ANSWERS-Disability
income
P is a Major Medical policyowner who is hospitalized as a result of
injuries sustained from participating in a carjacking. How will the
insurer most likely handle this claim? - ANSWERS-Claim will be
denied
An insurance agent who convinces a prospective insured to purchase a
policy by exaggerating the benefits of the policy may be found guilty of
- ANSWERS-misrepresentation
Policyholders elect the governing bodies of which of the following types
of insurance companies? - ANSWERS-Mutual
END OF
PAGE
4
