Xcel solutions final exam
1. Insuring Which health policy clause specifies the amount
of benefits to be paid: Insuring
2. The investment gains from a universal life policy usually
go to: The cash value
3. L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer finds out that the
applicant misstated their age. What will the insurer do?: Adjust
the death benefit to a reduced amount
4. An employee is covered under a company group life plan
with a $50,000 death benefit.What is the Maximum amount a
spouse may be insured for under this program: $25,000
5. M is insured under a basic hospital/surgical expense
policy. A physician performs surgery on M.What determines
the claim M is eligible for: Determined by the terms of the policy
6. A(n) -_-_-_-_-_-_-_ beneficiary may be changed by the
policy owner with- out the consent of the beneficiary:
Revocable
7. What is the MINIMUM benefit period that must be offered by
a long term care policy: 12 months
,8. To terminate an agent's appointment, an insurance
company must: Send termination notice to the Texas Department
of Insurance
9. An agent gives a conditional receipt to a client for an
insurance policy after collecting the initial premium. When
will the policy become effective?: When the conditions of the
receipt are met
10. Which of the following costs would a Basic
Hospital/Surgical policy cov- er?: Surgically removing a facial
birthmark
11. Which of the following statements is CORRECT about an
agent who is taking an insurance application: The agent
should have the applicant initial any changes made on the
application
12. Which statement is true about a whole life policy: Cash
value may be borrowed against
13. How long does an insurance company appointment
remain in force: Until terminated
14. Which of the following statements about health coverage
for newborns is
NOT true?: Coverage is LIMITED to only congenital defects
15. Medicare Part A and Part B do NOT pay for: Dental care
,16. An insurance company receives E's application for an
individual health policy. E did not complete all of the medical
history questions because she could not remember the exact
dates. E signed the policy and submitted it to the insurance
company anyway. A few weeks later, E suffers a heart attack
and is hospitalized without completing the medical history
questions and paying
, the initial premium. E is not insured. Which of the following
clauses details the conditions that E did not meet?:
Consideration clause
17. The percentage of an individuals primary insurance
amount determines the benefits paid in which of the
following programs: Social Security Disability Income
18. Q is severely injured in an automobile accident and
becomes totally dis- abled. How many months must Q be
disabled before being able to apply for Social Security
disability benefits?: 5 months
19. After an insured gives notice of loss, what must he/she do
if the insurer does not furnish forms: File written proof of loss
20. Which of the following types of care is typically not
covered in a long term care policy: acupuncture
21. Which of these does not constitute policy delivery: Policy
issued with a rating
22. Which type of plan normally includes hospice benefits:
Managed care plans
23. Non-occupational disability coverage is designed for:
Employees who suffer non work related disabilities, since work
related disabilities are covered by workers compensation
24. A policy of adhesion can only be modified by whom: The
insurance company
1. Insuring Which health policy clause specifies the amount
of benefits to be paid: Insuring
2. The investment gains from a universal life policy usually
go to: The cash value
3. L takes out a life insurance policy and dies 10 years later.
During the claim process, the insurer finds out that the
applicant misstated their age. What will the insurer do?: Adjust
the death benefit to a reduced amount
4. An employee is covered under a company group life plan
with a $50,000 death benefit.What is the Maximum amount a
spouse may be insured for under this program: $25,000
5. M is insured under a basic hospital/surgical expense
policy. A physician performs surgery on M.What determines
the claim M is eligible for: Determined by the terms of the policy
6. A(n) -_-_-_-_-_-_-_ beneficiary may be changed by the
policy owner with- out the consent of the beneficiary:
Revocable
7. What is the MINIMUM benefit period that must be offered by
a long term care policy: 12 months
,8. To terminate an agent's appointment, an insurance
company must: Send termination notice to the Texas Department
of Insurance
9. An agent gives a conditional receipt to a client for an
insurance policy after collecting the initial premium. When
will the policy become effective?: When the conditions of the
receipt are met
10. Which of the following costs would a Basic
Hospital/Surgical policy cov- er?: Surgically removing a facial
birthmark
11. Which of the following statements is CORRECT about an
agent who is taking an insurance application: The agent
should have the applicant initial any changes made on the
application
12. Which statement is true about a whole life policy: Cash
value may be borrowed against
13. How long does an insurance company appointment
remain in force: Until terminated
14. Which of the following statements about health coverage
for newborns is
NOT true?: Coverage is LIMITED to only congenital defects
15. Medicare Part A and Part B do NOT pay for: Dental care
,16. An insurance company receives E's application for an
individual health policy. E did not complete all of the medical
history questions because she could not remember the exact
dates. E signed the policy and submitted it to the insurance
company anyway. A few weeks later, E suffers a heart attack
and is hospitalized without completing the medical history
questions and paying
, the initial premium. E is not insured. Which of the following
clauses details the conditions that E did not meet?:
Consideration clause
17. The percentage of an individuals primary insurance
amount determines the benefits paid in which of the
following programs: Social Security Disability Income
18. Q is severely injured in an automobile accident and
becomes totally dis- abled. How many months must Q be
disabled before being able to apply for Social Security
disability benefits?: 5 months
19. After an insured gives notice of loss, what must he/she do
if the insurer does not furnish forms: File written proof of loss
20. Which of the following types of care is typically not
covered in a long term care policy: acupuncture
21. Which of these does not constitute policy delivery: Policy
issued with a rating
22. Which type of plan normally includes hospice benefits:
Managed care plans
23. Non-occupational disability coverage is designed for:
Employees who suffer non work related disabilities, since work
related disabilities are covered by workers compensation
24. A policy of adhesion can only be modified by whom: The
insurance company
