Xcel

XCEL CHAPTER 10 EXAM QUESTIONS WITH COMPLETE SOLUTIONS CERIFIED GRADED A+ Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D. Employer establishes the plan Employee must be able to make unlimited contributions Which of the following employers is required to follow ERISA regulations? A. A local government with 150 employ...

XCEL CHAPTER 3 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose 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 Consideration What makes an insurance policy a unilateral contract? A. Only the insured pays the premium B. Only t...

XCEL CHAPTER 3 EXAM QUESTIONS AND VERIFIED CORRECT ANSWERS GRADED A+ Ambiguities in an insurance policy are always resolved in favor of the insured The authority granted to a licensed producer is provided via the law of agency ______ is NOT an element of a valid contract. countersignature Insurable interest does NOT occur in which of the following relationships? business ower and business client What is implied authority defined as? Authority that is not specifically given to an agent ...

XCEL CHAPTER 2 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE An example of risk sharing would be? A. Adding more security to a high-risk building B. Choosing not to invest in the stock market C. Doctors pooling their money to cover malpractice exposures D. Buying an insurance policy to cover potential liabilities Doctors pooling their money to cover malpractice exposures Insurance represents the process of risk? A. selection B. avoidance C. transference D. assumption...

XCEL SOLUTIONS PROPERTY & CASUALTY EXAM QUESTIONS WITH COMPLETE 100% VERIFIED SOLUTIONS GRADED A+ An earned premium resulting from the cancellation of a policy is calculated on: On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: Excess Direct Coverage An insurance company writing business in a state other than the on...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 ACTUAL EXAM 500 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - CORRECT ANSWER insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has be...

Xcel Testing Solutions Life and Health Insurance 215 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Which of these statements about Medicaid is CORRECT? - CORRECT ANSWER Funded by federal, sate, and local taxes Medicaid is funded by federal, state, and local taxes but is administered by each state. All of these are considered key factors in underwriting life insurance EXCEPT - CORRECT ANSWER Marital Status Correct: tobacco use, health history, age ...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 330 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ The focus of major medical insurance is providing coverage for - CORRECT ANSWER medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - CORRECT ANSWER $200 because this polic...

XCEL TESTING SOLUTIONS LIFE AND HEALTH INSURANCE WEIGHTED EXAM 2023- 2024 ACTUAL EXAM LATEST VERSION COMPLETE 300 WRITTEN QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A XCEL TESTING SOLUTIONS LIFE AND HEALTH INSURANCE WEIGHTED EXAM 2023- 2024 ACTUAL EXAM LATEST VERSION COMPLETE 300 WRITTEN QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A

Irrevocable beneficiary - Correct answer-What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? Anytime - Correct answer-When can a policy-owner change a revocable beneficiary? Daughter - Correct answer-K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be dire...

Who does a life settlement broker represent? - Correct answer-Individual wanting to sell their life policy to a third party What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? - Correct answer-Admitted Most U.S. life insurance companies belong to the - Correct answer-Medical Information Bureau Which of the following healthcare providers provide both the healthcare services and healthcare coverage? - Correct answer-Hea...

Replacement regulation is designed to protect - Correct answer-Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide - Correct answerPreventative health services Which of these will have the highest monthly payout upon annuitization - Correct answer-Straight life Which of the following is included in the entire contract according ti the entire contract provison? - Correct answer-Clauses Which of the following is consider...

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Correct answer-Social Security The focus of major medical insurance is providing coverage for - Correct answermedical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Correct answer-$200 because this policy has a zero deductible, the insures is only ...

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - Correct answer-insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - Correct answer-cancelable The renewability provision in a cancelable policy allows the insurer to cancel or termi...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions and Answers 2023 with complete solution The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called cancelable ...

Xcel Life Insurance Exam 2023 Actual Test Questions and Answers with complete solution Replacement regulation is designed to protect Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Preventative health services Which of these will have the highest monthly payout upon annuitization Straight life Which of the following is included in the entire contract according ti the entire contract provison? Clauses Which of t...

Xcel Solutions Final Exam 2023;California Life, Accident, and Health Insurance.(100% verified) Who does a life settlement broker represent? Individual wanting to sell their life policy to a third party What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? Admitted Most U.S. life insurance companies belong to the Medical Information Bureau Which of the following healthcare providers provide both the healthcare services...

XCEL Health Insurance Policy Provisions Exam 2023 with complete solution T files a claim on his Accident and Health policy after being treated for an illness. The insurance company believes that T misrepresented his actual health on the initial insurance application and is, therefore, disputing the claim's validity. The provision that limits the time period during which the company may dispute a claim's validity is called time limit on certain defenses Periodic health claim payments MUST ...

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions and Answers 2023 with complete solution Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial amount of the di...

Xcel Laws and Rules Pertinent to Insurance Exam 2023 with complete solution What must an agent sign when an existing Life Insurance policy is being reissued with a reduction in cash value? Policy Summary Buyer's Guide Affidavit Notice Regarding Replacement of Life Insurance or Annuity Notice Regarding Replacement of Life Insurance or Annuity Which of these circumstances requires an agent to make reasonable efforts to obtain information concerning the suitability of an annuity? Agent h...