Study guides, Study notes & Summaries

XCEL Exam Questions with Complete Solutions (2) An insurance company that has been denied or not yet applied for a Certificate of Authority is called - Answer-Unauthorized When determining whether an annuity is suitable for a client, the producer should ask about which of the following? - Answer-Financial objectives Before a licensed producer is eligible to transact insurance sales, they must be - Answer-appointed by an insurance company A producer's fiduciary responsibility includes whic...

XCEL Exam Questions with Complete Solutions (1) An insurance company that has been denied or not yet applied for a Certificate of Authority is called - Answer-Unauthorized When determining whether an annuity is suitable for a client, the producer should ask about which of the following? - Answer-Financial objectives Before a licensed producer is eligible to transact insurance sales, they must be - Answer-appointed by an insurance company A producer's fiduciary responsibility includes ...

XCEL Chapter 3 Test Questions with Correct Answers Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose - Answer-Legal purpose In an insurance contract, the element that shows each party is giving something of value is called? A. offer B. acceptance C. consideration D. purpose - Answer-Consideration What makes an insurance policy a unilateral contract? A. Only the insured pays the premium B. O...

Xcel chapter 3 Exam Questions and Answers All Correct Ambiguities in an insurance policy are always resolved in favor of the - Answer-insured The authority granted to a licensed producer is provided via the - Answer-law of agency is NOT an element of a valid contract. - Answer-countersignature Insurable interest does NOT occur in which of the following relationships? - Answer- business ower and business client What is implied authority defined as? - Answer-Authority that is not sp...

XCEL FINAL EXAM /LATEST UPDATE QUESTIONS AND ANSWERS WITH RATIONALES /COMPREHENSIVE OF LIFE AND HEALTH INSURANCE/ALREDY PASSED

XCEL FINAL EXAM /LATEST UPDATE QUESTIONS AND ANSWERS WITH RATIONALES /COMPREHENSIVE OF LIFE AND HEALTH INSURANCE/ALREDY PASSED

XCEL TESTING SOLUTIONS-LOUISIANA LIFE AND HEALTH INSURANCE EXAM SIMULATOR 2024| WITH 200 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| A+ GUARANTEED

Maryland state exam life insurance license practice Questions and Answers 100% Pass In what part of an insurance policy or policy benefits found? - Correct Answer ️️ - Declarations Twisting - Correct Answer ️️ -The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after the policy inception date, how wi...

Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insurance and Annuities Practice Questions and Answers Graded A+ Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit Exists for the benefit of its members - Correct Answer ️️ -Exists for profit(Fraternal benefit societies are not-for-profit entities which exist for the benefit of their members) The Fair Credit and Reporting Act's main purp...