Xcel Exam Questions Correctly Answered.

XCEL EXAM QUESTIONS CORRECTLY ANSWERED. An insurance company that has been denied or not yet applied for a Certificate of Authority is called - CORRECT ANSWER Unauthorized When determining whether an annuity is suitable for a client, the producer should ask about which of the following? - CORRECT ANSWER Financial objectives Before a licensed producer is eligible to transact insurance sales, they must be - CORRECT ANSWER appointed by an insurance company A producer's fiduciary responsibility includes which of the following activities? - CORRECT ANSWER Recording the receipt and distribution of premiums due to an insurer When replacing a life insurance policy, a producer must provide the applicant with a - CORRECT ANSWER Notice Regarding Replacement How long may an insurer exclude coverage for a preexisting condition on a Medicare Supplement policy? - CORRECT ANSWER 6 months A life insurance agent is required to give a disclosure notice about information practices to an applicant or proposed insured - CORRECT ANSWER Prior to or at the time of signing the application An agent who sells an individual life insurance policy in MUST deliver to the policyowner - CORRECT ANSWER A Policy Summary and Buyer's Guide A licensee who informs an insured of inaccurate terms, benefits, or advantages of any policy is committing which of the following violations? - CORRECT ANSWER Misrepresentation