XCEL TESTING SOLUTIONS- LIFE AND HEALTH
INSURANCE- WEIGHTED EXAM- 150 QUESTIONS
AND ANSWERS (VERIFIED ANSWER) ||LATEST
UPDATE 2025-2026
Terms in this set (150)
Sonya applied for a May 30
health insurance policy
on April 1. Her agent The "effective date" is the health insurance coverage
submitted the start date.
information to the
insurance company on
April 6. She paid the
premium on May 15
with the policy
indicating the effective
date being May
30. On which date
would
Sonya have coverage?
A health insurance plan for individuals who have been
denied coverage elsewhere
The Louisiana Health Plan
The Louisiana Health Plan is best described as a
is best described as
health insurance plan for individuals who have been
denied coverage elsewhere.
The Commissioner may Sharing commissions with other licensed producers
suspend a producer's Sharing commissions with other licensed producers is
license for all of the allowed.
following reasons EXCEPT
,A life insurance Disability income rider
policyowner was injured in The rider which pays a life insurance policyowner a
an automobile accident monthly amount in the event of total and permanent
which results in a total and disability is called a disability income rider.
permanent disability.
Which rider would pay a
monthly amount because
of this disability?
excludes payments for a short-term illness or injury
The waiting period for a With regard to disability insurance, the waiting
disability insurance policy (elimination) period is to exclude payments for a
short-term illness or injury.
, Which of the following is Accelerated death benefit rider
considered to be an An alternative to a life settlement is an accelerated
alternative to a life death benefit rider.
settlement?
A licensed producer who 30
changes a residential or A licensed producer who changes a residential or
business address must business address must notify the Commissioner within
notify the Commissioner 30 days.
within how many days?
the premiums paid plus interest earned will be given
If the annuitant dies to the beneficiary
before the annuity start If the annuitant dies before the annuity start date, the
date, beneficiary receives the premiums paid plus interest
earned.
lifetime protection
A limited payment whole Premiums on limited payment whole life insurance are
life policy provides paid for a limited number of years, but the benefits
last a lifetime.
The life insurance and exchanging an existing policy for a new policy
annuity replacement Replacement regulation defines replacement as
regulation defines exchanging (or altering) an existing policy for a new
replacement as policy.
Claims settlement State insurance departments
practices of insurers are Claims settlement practices of insurers are regulated
regulated by: by state insurance departments.
A licensed producer must be designated as
responsible for compliance with state insurance laws
Which is true about the
and regulations
licensing of business
A licensed producer must be designated as
entities in Louisiana?
responsible for compliance with state insurance laws
and regulations.
180 days
A temporary producer's
A temporary producer's license is effective for 180
license is effective for
days.
INSURANCE- WEIGHTED EXAM- 150 QUESTIONS
AND ANSWERS (VERIFIED ANSWER) ||LATEST
UPDATE 2025-2026
Terms in this set (150)
Sonya applied for a May 30
health insurance policy
on April 1. Her agent The "effective date" is the health insurance coverage
submitted the start date.
information to the
insurance company on
April 6. She paid the
premium on May 15
with the policy
indicating the effective
date being May
30. On which date
would
Sonya have coverage?
A health insurance plan for individuals who have been
denied coverage elsewhere
The Louisiana Health Plan
The Louisiana Health Plan is best described as a
is best described as
health insurance plan for individuals who have been
denied coverage elsewhere.
The Commissioner may Sharing commissions with other licensed producers
suspend a producer's Sharing commissions with other licensed producers is
license for all of the allowed.
following reasons EXCEPT
,A life insurance Disability income rider
policyowner was injured in The rider which pays a life insurance policyowner a
an automobile accident monthly amount in the event of total and permanent
which results in a total and disability is called a disability income rider.
permanent disability.
Which rider would pay a
monthly amount because
of this disability?
excludes payments for a short-term illness or injury
The waiting period for a With regard to disability insurance, the waiting
disability insurance policy (elimination) period is to exclude payments for a
short-term illness or injury.
, Which of the following is Accelerated death benefit rider
considered to be an An alternative to a life settlement is an accelerated
alternative to a life death benefit rider.
settlement?
A licensed producer who 30
changes a residential or A licensed producer who changes a residential or
business address must business address must notify the Commissioner within
notify the Commissioner 30 days.
within how many days?
the premiums paid plus interest earned will be given
If the annuitant dies to the beneficiary
before the annuity start If the annuitant dies before the annuity start date, the
date, beneficiary receives the premiums paid plus interest
earned.
lifetime protection
A limited payment whole Premiums on limited payment whole life insurance are
life policy provides paid for a limited number of years, but the benefits
last a lifetime.
The life insurance and exchanging an existing policy for a new policy
annuity replacement Replacement regulation defines replacement as
regulation defines exchanging (or altering) an existing policy for a new
replacement as policy.
Claims settlement State insurance departments
practices of insurers are Claims settlement practices of insurers are regulated
regulated by: by state insurance departments.
A licensed producer must be designated as
responsible for compliance with state insurance laws
Which is true about the
and regulations
licensing of business
A licensed producer must be designated as
entities in Louisiana?
responsible for compliance with state insurance laws
and regulations.
180 days
A temporary producer's
A temporary producer's license is effective for 180
license is effective for
days.
