XCEL Insurance Solutions Arizona Life and
Health Pre-licensing | Comprehensive
Chapters 1-20 Exam Questions with Revised
Answers () 100% Guarantee Pass.
Mutual insurers pay dividends to participating policyowners if the insurer has which of the following?
Divisible surplus
Reciprocal Dividend Agreement
Certificate of Authority
Participating clause - CORRECT ANSWERS Divisible Surplus
Which group is the Do Not Call Registry designed to protect against?
Relatives
Charities
Political Organizations
Telemarketers - CORRECT ANSWERS Telemarketers
Which of the following types of insurers limits the exposures it writes to those of its owners?
Confined Insurer
Captive Insurer
Limited Insurer
Restricted Insurer - CORRECT ANSWERS Captive Insurer
Who regulates an insurer's claim settlement practices?
National Association of Claim Adjusters
State Attorney General
National Association of Insurance Commissioners
State Insurance Departments - CORRECT ANSWERS State Insurance Departments
The main role of accident and health and disability insurance is to
Protect against the premature death of the insured
Protect against accidents
Protect against on-the-job injuries and illnesses
Protect against medical care costs and the loss of earning power - CORRECT ANSWERS
Protect against medical care costs and the loss of earning power
The State Guaranty Association gaurantees
the rate of return on a policy
that a claim will be paid if an admitted insurer becomes insolvent
, that dividends will be paid
that a policy will be issued - CORRECT ANSWERS that a claim will be paid if an admitted
insurer becomes insolvent
Dividends from a stock insurance company are normally sent to
policyowners
shareholders
Insureds
beneficiaries - CORRECT ANSWERS shareholders
Which of the following financial products creates an instant estate, no matter when the date of death?
certificate of deposit
life insurance
mutual funds
deffered annuity - CORRECT ANSWERS Life Insurance
Which of the following is an unincorporated association whose members provide coverage for one
another?
self-insurer
reciprocal
surplus lines
lloyds - CORRECT ANSWERS reciprocal
Who elects the governing body of a mutual insurance company?
policyowners
stockholders
chairman of the board
bondholders - CORRECT ANSWERS policyholders
An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer.
What type of contractual arrangement is this?
Coinsurance Contract
Reciprocity Arrangement
Reinsurance Contract
Mutuality Agreement - CORRECT ANSWERS Reinsurance Contract
For insurance purposes, similar objects which are exposed to the same group of perils are referred to as
Similar Exposure Units
Homogeneous Perils
Homogeneous Exposure Units
Common Hazards - CORRECT ANSWERS Homogeneous Exposure Units
Health Pre-licensing | Comprehensive
Chapters 1-20 Exam Questions with Revised
Answers () 100% Guarantee Pass.
Mutual insurers pay dividends to participating policyowners if the insurer has which of the following?
Divisible surplus
Reciprocal Dividend Agreement
Certificate of Authority
Participating clause - CORRECT ANSWERS Divisible Surplus
Which group is the Do Not Call Registry designed to protect against?
Relatives
Charities
Political Organizations
Telemarketers - CORRECT ANSWERS Telemarketers
Which of the following types of insurers limits the exposures it writes to those of its owners?
Confined Insurer
Captive Insurer
Limited Insurer
Restricted Insurer - CORRECT ANSWERS Captive Insurer
Who regulates an insurer's claim settlement practices?
National Association of Claim Adjusters
State Attorney General
National Association of Insurance Commissioners
State Insurance Departments - CORRECT ANSWERS State Insurance Departments
The main role of accident and health and disability insurance is to
Protect against the premature death of the insured
Protect against accidents
Protect against on-the-job injuries and illnesses
Protect against medical care costs and the loss of earning power - CORRECT ANSWERS
Protect against medical care costs and the loss of earning power
The State Guaranty Association gaurantees
the rate of return on a policy
that a claim will be paid if an admitted insurer becomes insolvent
, that dividends will be paid
that a policy will be issued - CORRECT ANSWERS that a claim will be paid if an admitted
insurer becomes insolvent
Dividends from a stock insurance company are normally sent to
policyowners
shareholders
Insureds
beneficiaries - CORRECT ANSWERS shareholders
Which of the following financial products creates an instant estate, no matter when the date of death?
certificate of deposit
life insurance
mutual funds
deffered annuity - CORRECT ANSWERS Life Insurance
Which of the following is an unincorporated association whose members provide coverage for one
another?
self-insurer
reciprocal
surplus lines
lloyds - CORRECT ANSWERS reciprocal
Who elects the governing body of a mutual insurance company?
policyowners
stockholders
chairman of the board
bondholders - CORRECT ANSWERS policyholders
An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer.
What type of contractual arrangement is this?
Coinsurance Contract
Reciprocity Arrangement
Reinsurance Contract
Mutuality Agreement - CORRECT ANSWERS Reinsurance Contract
For insurance purposes, similar objects which are exposed to the same group of perils are referred to as
Similar Exposure Units
Homogeneous Perils
Homogeneous Exposure Units
Common Hazards - CORRECT ANSWERS Homogeneous Exposure Units
