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GL Certification - Oracle 2023 with verified solutions You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs? Translate only the adjusting journal entry Rerun Translation and then reconsolidate your results Rerun Revaluation and then rerun Translation Enter another adjusting journal entry in the target currency to true up the balances - corr...

bundle XCEL latest exams 2023 with complete solutions

Xcel solutions exam 2|100% verified Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Respite care Continuing Care Home health care Custodial Care - correct answer Home health care Which type of policy combines the flexibility of a universal life policy with investment choices? Adjustable universal life policy Flexible universal life policy Variable universal life policy Modified universal life pol...

XCEL Chapter 10 questions and answers with complete solutions 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 - correct answer 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 e...

XCEL Solutions Exam Questions|100% verified Johns owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? - correct answer Participating A participating company is also referred to as which type of insurer? - correct answer Mutual insurer Which of the following is NOT a benefit of insurance? - correct answer LOSSES DUE TO FRAUD ARE ELIMINATED Reduces the uncertainty of loss Makes a loss whole again Source of investment fund...

Xcel questions and answers with complete solutions Which of the following is NOT a primary objective of insurance regulation? - correct answer Interpret policy provisions What prevents a life insurance policy from being rescinded by the insurer after being in force for two years? - correct answer Incontestability clause Bob and Tom are partners in a business. If one of them were to die, which of the following would guarantee a market for each of their share of the business? - correct ...

XCEL 2023 Questions with Solutions|100% verified a nonparticipating company is sometimes called a - correct answer stock insurer Fraternal Benefit Society has each other the following characteristics except - correct answer exist for profit The Fair Credit and Reporting Act's main purpose is to - correct answer protect consumers with guidelines regarding credit reporting and distribution A life insurance company has transferred some of its risk to another insurer. The insurer assumin...

Xcel Solutions Final Exam|149 questions with correct solutions 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...

Xcel Final Exam (2022/2023) with complete solutions 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 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 be...

Xcel Life Insurance Exam with verified solutions 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 answer Preventative 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? - ...

XCEL questions with complete solutions Reserve - correct answer funds held by the company to help future claims. minimum reserves are usually set by the state Department of Insurance. Multi-line insurer - correct answer an insurance company or independent agent that provides a one-stop shop for businesses or individuals seeking coverage for all their insurance needs. For example, many large insurers offer individual policies for automobile, homeowner, long-term care, life and health in...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam|150 questions and answers 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 ca...

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AHIP practice questions and answers with complete solutions graded A+ Ms. Moore plans to retire when she turns 65 in a few months. She is in excellent health and will have considerable income when she retires. She is concerned that her income will make it impossible for her to qualify for Medicare. What could you tell her to address her concern? - correct answer Medicare is a program for people age 65 or older and those under age 65 with certain disabilities, end stage renal disease an...

AHIP 2023|100 questions and answers|100% verified Anita Magri will turn age 65 in August 2020. Anita intends to enroll in Original Medicare Part A and Part B. She would also like to enroll in a Medicare Supplement (Medigap) plan. Anita's older neighbor Mel has told her about the Medigap Part F plan in which he is enrolled. It not only provides foreign travel emergency benefits but also covers his Medicare Part B deductible. Anita comes to you for advice. What should you tell her? - c...

AHIP module 1 questions and answers with complete solutions Mrs. Chen will be 65 soon, has been a citizen for twelve years, has been employed full time, and paid taxes during that entire period. She is concerned that she will not qualify for coverage under part A because she was not born in the United States. What should you tell her? Choose one answer. a. Most individuals who are citizens and over age 65 are covered under Part A by virtue of having paid Medicare taxes while working,...

AHIP verified questions and answers 2023 Mr. Lopez has heard that he can sign up for a product called "Medicare Advantage" but is not sure about what type of plan designs are available through this program. What should you tell him about the types of health plans that are available through the Medicare Advantage program? - correct answer They are Medicare health plans such as HMOs, PPOs, PFFS, SNPs, and MSAs (W) Mr. Wells is trying to understand the difference between Original Medicare...

AHIP 2022/2023 latest questions and answers with complete solutions Mrs. Quinn recently turned 66 and decided after many years of work to begin receiving Social Security benefits. Shortly thereafter Mrs. Quinn received a letter informing her that she has been automatically enrolled in Medicare Part B. She wants to understand what this means. What should you tell Mrs. Quinn? - correct answer Part B primarily covers physician services. She will be paying a monthly premium and, with the ...

AHIP latest(2022/2023) questions and answers with verified solutions Mr. Shapiro gets by on a very small amount of fixed income. He has heard there may be extra help paying for Part D prescription drugs for Medicare beneficiaries with limited income. He wants to know whether he might qualify. What should you tell him? - correct answer c. The extra help is available to beneficiaries whose income and assets do not exceed annual limits specified by the government. During a sales present...

AHIP 2023 Final Exam Answers with complete solutions 1. When you market Medicare Advantage and Part D plans, what may you offer as a gift to induce enrollment in a plan? Answer You may provide gifts or prizes to all potential enrollees during an event that does not exceed $15 in retail value. 2. By contacting plans available in your area, you have learned that the plan you represent has a significantly lower monthly premium than the others. Furthermore, you see that the plan you repr...