XCEL Chapter 7 Review Practice Test. Exam (elaborations) XCEL Chapter 8 Study Exam Questions & Answers. Exam (elaborations) XCEL Chapter 9 Solution Test. Exam (elaborations) XCEL Chapter 10 Exam Questions Correctly Answered. Exam (elaborations) XCEL Chapter 11 Review Practice Test Questions...
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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? - CO...
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Add to cartXCEL 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? - CO...
XCEL CH 1 STUDY GUIDE TEST CORRECTLY SOLVED. The fair credit and Reporting Act main purpose is to - CORRECT ANSWER protect consumers with guidelines regarding credit reporting and distribution a plan in which an employer pays insurance benefits from a fund derived from the employer's curren...
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Add to cartXCEL CH 1 STUDY GUIDE TEST CORRECTLY SOLVED. The fair credit and Reporting Act main purpose is to - CORRECT ANSWER protect consumers with guidelines regarding credit reporting and distribution a plan in which an employer pays insurance benefits from a fund derived from the employer's curren...
XCEL Chapter 2 Review Practice Test. 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 ...
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Add to cartXCEL Chapter 2 Review Practice Test. 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 ...
Chapter 3 (215) XCEL Final Exam Prediction Questions & Answers. Which type of policy is considered to be overfunded, as stated by IRS guidelines? - CORRECT ANSWER The correct answer is "Modified Endowment Contract". A policy that is overfunded to where it does not meet the 7-pay test is conside...
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Add to cartChapter 3 (215) XCEL Final Exam Prediction Questions & Answers. Which type of policy is considered to be overfunded, as stated by IRS guidelines? - CORRECT ANSWER The correct answer is "Modified Endowment Contract". A policy that is overfunded to where it does not meet the 7-pay test is conside...
XCEL Chapter 3 Exam Questions & Answers. Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose - CORRECT ANSWER Legal purpose In an insurance contract, the element that shows each party is giving someth...
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Add to cartXCEL Chapter 3 Exam Questions & Answers. Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose - CORRECT ANSWER Legal purpose In an insurance contract, the element that shows each party is giving someth...
XCEL Chapter 4 A Revision Exam Questions & Answers. Rob purchased a standard whole life policy with a $500,000 death benefit when he was age 30. His insurance agent told him the policy would be paid up if he reached age 100. The present cash value of the policy equals $250,000. Rob recently die...
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Add to cartXCEL Chapter 4 A Revision Exam Questions & Answers. Rob purchased a standard whole life policy with a $500,000 death benefit when he was age 30. His insurance agent told him the policy would be paid up if he reached age 100. The present cash value of the policy equals $250,000. Rob recently die...
XCEL CHAPTER 4A STUDY GUIDE TEST. securities license is required for a life insurance producer to sell - CORRECT ANSWER variable life insurance Jonas is a whole life insurance policyowner and would like to add coverage for his two children. Which of the following products would allow him t...
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Add to cartXCEL CHAPTER 4A STUDY GUIDE TEST. securities license is required for a life insurance producer to sell - CORRECT ANSWER variable life insurance Jonas is a whole life insurance policyowner and would like to add coverage for his two children. Which of the following products would allow him t...
XCEL Chapter 5 Study Review Test. Which of the following is NOT a required uniform provision in individual health policies? - CORRECT ANSWER Change of occupation The misstatement of age provision in a health policy states that if an insured gives the wrong age at the time of application, wha...
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Add to cartXCEL Chapter 5 Study Review Test. Which of the following is NOT a required uniform provision in individual health policies? - CORRECT ANSWER Change of occupation The misstatement of age provision in a health policy states that if an insured gives the wrong age at the time of application, wha...
XCEL Chapter 5 Final Exam Practice Test. A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - CORRECT ANSWER adverse selection All of the following are characteristics of a Group Life In...
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Add to cartXCEL Chapter 5 Final Exam Practice Test. A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - CORRECT ANSWER adverse selection All of the following are characteristics of a Group Life In...
XCEL CH 6 Study Exam Questions. which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or Hobbies? - CORRECT ANSWER substandard risk an applicant intentionally lying to an insurance company on application in orde...
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Add to cartXCEL CH 6 Study Exam Questions. which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or Hobbies? - CORRECT ANSWER substandard risk an applicant intentionally lying to an insurance company on application in orde...
XCEL Chapter 7 Review Practice Test. When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed and initial p...
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Add to cartXCEL Chapter 7 Review Practice Test. When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed and initial p...
XCEL Chapter 8 Study Exam Questions & Answers. Which of the following statements regarding equity index contract factors is most CORRECT? - CORRECT ANSWER Cash values of equity index contracts typically grow at a minimum interest rate. Which of the following is a fair comparison between life...
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Add to cartXCEL Chapter 8 Study Exam Questions & Answers. Which of the following statements regarding equity index contract factors is most CORRECT? - CORRECT ANSWER Cash values of equity index contracts typically grow at a minimum interest rate. Which of the following is a fair comparison between life...
XCEL Chapter 9 Solution Test. Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? A. Payout period B. Accumulation period C. Deferred period D. Growth period - CORRECT ANSWER Accumulation period Maria would like an annuity tha...
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Add to cartXCEL Chapter 9 Solution Test. Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? A. Payout period B. Accumulation period C. Deferred period D. Growth period - CORRECT ANSWER Accumulation period Maria would like an annuity tha...
XCEL Chapter 10 Exam Questions Correctly Answered. 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...
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Add to cartXCEL Chapter 10 Exam Questions Correctly Answered. 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...
XCEL Chapter 11 Review Practice Test Questions & Answers. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax cred...
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Add to cartXCEL Chapter 11 Review Practice Test Questions & Answers. What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax cred...
Chapter 11 XCEL Study Guide Exam. If there is suspicion of an unauthorized person engaging in insurance business without being licensed. - CORRECT ANSWER When may the commissioner issue an emergency cease and desist order? Reviewing and approving license applications - CORRECT ANSWER Which o...
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Add to cartChapter 11 XCEL Study Guide Exam. If there is suspicion of an unauthorized person engaging in insurance business without being licensed. - CORRECT ANSWER When may the commissioner issue an emergency cease and desist order? Reviewing and approving license applications - CORRECT ANSWER Which o...
XCEL Chapter 11 - Laws and Rules Final Exam. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. This agreement is called a(n) - CORRECT ANSWER appointment what kind of insurance...
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Add to cartXCEL Chapter 11 - Laws and Rules Final Exam. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. This agreement is called a(n) - CORRECT ANSWER appointment what kind of insurance...
XCEL Chapter 12 Final Exam Questions & Answers. All of the following doctors provide primary care to health insuring corporation (HIC) members EXCEPT? A. Internists B. Surgeons C. General practitioners D. Pediatricians - CORRECT ANSWER Surgeons Donna and Mary were racing bicycles in a st...
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Add to cartXCEL Chapter 12 Final Exam Questions & Answers. All of the following doctors provide primary care to health insuring corporation (HIC) members EXCEPT? A. Internists B. Surgeons C. General practitioners D. Pediatricians - CORRECT ANSWER Surgeons Donna and Mary were racing bicycles in a st...
XCEL Chapter 13 Study Review Test. An example of a presumptive disability would be A. a stroke B. deafness C. diabetes D. cancer - CORRECT ANSWER deafness Tom has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. What kind ...
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Add to cartXCEL Chapter 13 Study Review Test. An example of a presumptive disability would be A. a stroke B. deafness C. diabetes D. cancer - CORRECT ANSWER deafness Tom has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. What kind ...
XCEL CH. 14 Disability Insurance Exam Questions Correctly Answered. what is the elimination period of an individual Disability Policy? - CORRECT ANSWER time period A disabled person must wait before benefits are paid typically, long term disability benefits are coordinated with which Benefit...
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Add to cartXCEL CH. 14 Disability Insurance Exam Questions Correctly Answered. what is the elimination period of an individual Disability Policy? - CORRECT ANSWER time period A disabled person must wait before benefits are paid typically, long term disability benefits are coordinated with which Benefit...
XCEL Chapter 15 Study Guide Exam With Complete Solutions. Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called A. adult day care B. home health care C. skilled nursing care D. custodial care - CORRECT ANSWER skilled nursing...
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Add to cartXCEL Chapter 15 Study Guide Exam With Complete Solutions. Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a physician is called A. adult day care B. home health care C. skilled nursing care D. custodial care - CORRECT ANSWER skilled nursing...
XCEL Chapter 16 Revision Questions Correctly Answered. Richard owns an insurance policy that is renewable only at the option of the insurance company. His policy is considered to be A. cancelable B. guaranteed renewable C. conditionally renewable D. optionally renewable - CORRECT ANSWER opt...
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Add to cartXCEL Chapter 16 Revision Questions Correctly Answered. Richard owns an insurance policy that is renewable only at the option of the insurance company. His policy is considered to be A. cancelable B. guaranteed renewable C. conditionally renewable D. optionally renewable - CORRECT ANSWER opt...
XCEL Chapter 17 Practice Exam Questions. Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applicant - CORRECT ANSWER number of chil...
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Add to cartXCEL Chapter 17 Practice Exam Questions. Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applicant - CORRECT ANSWER number of chil...
XCEL CHAP 18 EXAM QUESTIONS CORRECTLY ANSWERED. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence? - CORRECT ANSWER Benefits are fully taxable Pierre is covered by his employer's group ma...
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Add to cartXCEL CHAP 18 EXAM QUESTIONS CORRECTLY ANSWERED. XYZ Corp pays the tax-deductible insurance premiums for a key employee disability policy. Which of the following would be the appropriate tax consequence? - CORRECT ANSWER Benefits are fully taxable Pierre is covered by his employer's group ma...
Xcel CH.19 Laws and Rules Study Review Practice Test. group dental plans will frequently place of limit on annual benefits in order to minimize - CORRECT ANSWER adverse selection a Medicare supplement policy issued in the state of Michigan is required to provide each of the following exce a ...
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Add to cartXcel CH.19 Laws and Rules Study Review Practice Test. group dental plans will frequently place of limit on annual benefits in order to minimize - CORRECT ANSWER adverse selection a Medicare supplement policy issued in the state of Michigan is required to provide each of the following exce a ...
XCEL Life Policies Exam Questions Correctly Answered. Which type of multiple protection policy pays on the death of the last person? A. Joint Life Policy B. Dual Life Policy C. Multiple Life Policy D. Survivorship Life Policy - CORRECT ANSWER D. Survivorship Life Policy A policyowner m...
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Add to cartXCEL Life Policies Exam Questions Correctly Answered. Which type of multiple protection policy pays on the death of the last person? A. Joint Life Policy B. Dual Life Policy C. Multiple Life Policy D. Survivorship Life Policy - CORRECT ANSWER D. Survivorship Life Policy A policyowner m...
Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Complete Solutions. 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 o...
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Add to cartXcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Complete Solutions. 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 o...
Xcel Solutions Property & Casualty Complete Test Correctly Answered. An earned premium resulting from the cancellation of a policy is calculated on: - CORRECT ANSWER On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover l...
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Add to cartXcel Solutions Property & Casualty Complete Test Correctly Answered. An earned premium resulting from the cancellation of a policy is calculated on: - CORRECT ANSWER On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover l...
Life Insurance Policies - Provisions, Options and Riders 1 Study Guide Test. Under a Modified Endowment Contract, what are the likely tax consequences? Interest on policy loans is tax deductible Premium payments are tax deductible Pre-death distributions will become taxable Cash value c...
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Add to cartLife Insurance Policies - Provisions, Options and Riders 1 Study Guide Test. Under a Modified Endowment Contract, what are the likely tax consequences? Interest on policy loans is tax deductible Premium payments are tax deductible Pre-death distributions will become taxable Cash value c...
XCEL Final Exam Practice Test. 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 M...
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Add to cartXCEL Final Exam Practice Test. 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 M...
XCEL Test Life & Health Exam Questions & Answers. A policy that becomes a Modified Endowment Contract (MEC): - CORRECT ANSWER will loose many of its tax advantages All of these are characteristics of an Adjustable Life policy, EXCEPT: - CORRECT ANSWER face amount can be adjusted using policy...
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Add to cartXCEL Test Life & Health Exam Questions & Answers. A policy that becomes a Modified Endowment Contract (MEC): - CORRECT ANSWER will loose many of its tax advantages All of these are characteristics of an Adjustable Life policy, EXCEPT: - CORRECT ANSWER face amount can be adjusted using policy...
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