XCEL TESTING SOLUTIONS CERTIFICATION
SCRIPT 2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS
◉A nonresident of Louisiana who has satisfied the licensing
requirements for a line of insurance in the licensee's state and who
wishes to sell that line of insurance in Louisiana, must meet all of the
following requirements EXCEPT:. Answer: Take the appropriate
Louisiana licensing examination
A nonresident licensee from another state is not required to take a
licensing examination if they are already in good standing with their
state of residence.
◉A life insurance policy that has premiums fully paid up within a
stated time period is called. Answer: limited payment insurance
Limited payment insurance is characterized by premiums that are
fully paid up within a stated period, after which no further
premiums are required.
◉The taxable portion of each annuity payment is calculated using
which method?. Answer: Exclusion Ratio
The Exclusion Ratio is used to determine the taxable portion of each
annuity payment.
,◉How are annuities given favorable tax treatment?. Answer: Gains
are taxed at distribution
Annuity gains are typically tax deferred until distribution.
◉All _____ policies must be guaranteed renewable.. Answer: long-
term care
All long-term care policies must be guaranteed renewable.
◉Which type of business insurance is meant to cover the costs of
continuing to do business while the owner is disabled?. Answer:
Business overhead expense policy
A form of business disability insurance that is designed to cover the
actual costs of continuing to do business while an insured business
owner is disabled is called a business overhead expense policy.
◉Which of these is NOT a characteristic of the Accelerated Death
Benefit option?. Answer: The benefit can be offered as a rider at a
specific extra cost or may be at no cost
Accelerated Death Benefit options are offered with NO increase in
premium.
◉What is a condition for which medical advice or treatment was
recommended by or received from a provider of health care service
,within six months preceding the effective date of an individual long-
term care policy?. Answer: Pre-existing condition
In an individual long-term care policy, a pre-existing condition is a
condition for which medical advice or treatment was recommended
by or received from a provider of health care service within six
months preceding the effective date.
◉A producer who is licensed in Louisiana but resident in another
state is called a. Answer: nonresident producer
A producer licensed in Louisiana but a resident in another state is
called a nonresident producer.
◉The typical long-term care insurance policy is designed to provide
a minimum of __ year(s) of coverage.. Answer: 1
Long-term care insurance in any insurance policy is designed to
provide coverage for a minimum benefit period of 1 year.
◉To receive an insurance license an applicant must. Answer: Apply
for the license after passing the appropriate examination
An applicant must apply for the license after passing the
appropriate examination in order to receive an insurance license.
◉A cease and desist order issued against a producer. Answer:
Prohibits a specific practice listed in the order
, A cease and desist order issued against a producer prohibits a
specific practice listed in the order.
◉How are survivorship life insurance policies helpful in estate
planning?. Answer: Provide funds to help pay taxes
Survivorship life insurance policies are useful in estate planning
because they can provide money to pay taxes on assets.
◉When can a group health policy renewal be denied according to
the Health Insurance Portability and Accountability Act (HIPAA)?.
Answer: When contribution or participation rules have been
violated
According to HIPAA, a group health policy renewal can be denied
when participation or contribution rules have been violated.
◉Credit Accident and Health plans are designed to. Answer: help
pay off existing loans during periods of disability
Credit Accident and Health plans are designed to help pay off
existing loans during periods of disability.
◉What amount will be paid under a policy where the insured
misstated his/her age?. Answer: An amount the premium would
have purchased at the correct age
SCRIPT 2026 COMPLETE QUESTIONS AND
CORRECT ANSWERS
◉A nonresident of Louisiana who has satisfied the licensing
requirements for a line of insurance in the licensee's state and who
wishes to sell that line of insurance in Louisiana, must meet all of the
following requirements EXCEPT:. Answer: Take the appropriate
Louisiana licensing examination
A nonresident licensee from another state is not required to take a
licensing examination if they are already in good standing with their
state of residence.
◉A life insurance policy that has premiums fully paid up within a
stated time period is called. Answer: limited payment insurance
Limited payment insurance is characterized by premiums that are
fully paid up within a stated period, after which no further
premiums are required.
◉The taxable portion of each annuity payment is calculated using
which method?. Answer: Exclusion Ratio
The Exclusion Ratio is used to determine the taxable portion of each
annuity payment.
,◉How are annuities given favorable tax treatment?. Answer: Gains
are taxed at distribution
Annuity gains are typically tax deferred until distribution.
◉All _____ policies must be guaranteed renewable.. Answer: long-
term care
All long-term care policies must be guaranteed renewable.
◉Which type of business insurance is meant to cover the costs of
continuing to do business while the owner is disabled?. Answer:
Business overhead expense policy
A form of business disability insurance that is designed to cover the
actual costs of continuing to do business while an insured business
owner is disabled is called a business overhead expense policy.
◉Which of these is NOT a characteristic of the Accelerated Death
Benefit option?. Answer: The benefit can be offered as a rider at a
specific extra cost or may be at no cost
Accelerated Death Benefit options are offered with NO increase in
premium.
◉What is a condition for which medical advice or treatment was
recommended by or received from a provider of health care service
,within six months preceding the effective date of an individual long-
term care policy?. Answer: Pre-existing condition
In an individual long-term care policy, a pre-existing condition is a
condition for which medical advice or treatment was recommended
by or received from a provider of health care service within six
months preceding the effective date.
◉A producer who is licensed in Louisiana but resident in another
state is called a. Answer: nonresident producer
A producer licensed in Louisiana but a resident in another state is
called a nonresident producer.
◉The typical long-term care insurance policy is designed to provide
a minimum of __ year(s) of coverage.. Answer: 1
Long-term care insurance in any insurance policy is designed to
provide coverage for a minimum benefit period of 1 year.
◉To receive an insurance license an applicant must. Answer: Apply
for the license after passing the appropriate examination
An applicant must apply for the license after passing the
appropriate examination in order to receive an insurance license.
◉A cease and desist order issued against a producer. Answer:
Prohibits a specific practice listed in the order
, A cease and desist order issued against a producer prohibits a
specific practice listed in the order.
◉How are survivorship life insurance policies helpful in estate
planning?. Answer: Provide funds to help pay taxes
Survivorship life insurance policies are useful in estate planning
because they can provide money to pay taxes on assets.
◉When can a group health policy renewal be denied according to
the Health Insurance Portability and Accountability Act (HIPAA)?.
Answer: When contribution or participation rules have been
violated
According to HIPAA, a group health policy renewal can be denied
when participation or contribution rules have been violated.
◉Credit Accident and Health plans are designed to. Answer: help
pay off existing loans during periods of disability
Credit Accident and Health plans are designed to help pay off
existing loans during periods of disability.
◉What amount will be paid under a policy where the insured
misstated his/her age?. Answer: An amount the premium would
have purchased at the correct age
