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Xcel Laws and Rules Pertinent to Insurance Exam Questions and Answers 100% Pass $11.49   Add to cart

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Xcel Laws and Rules Pertinent to Insurance Exam Questions and Answers 100% Pass

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Xcel Laws and Rules Pertinent to Insurance Exam Questions and Answers 100% Pass 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 -...

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  • October 25, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Xcel
  • Xcel
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Xcel Laws and Rules Pertinent to

Insurance Exam Questions and Answers

100% Pass


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 helps a client with the purchase of an annuity

Agent sets up sales appointment

Agent purchases advertisement regarding a new annuity product

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Agent helps a client with the purchase of an annuity - ✔✔Agent helps a

client with the purchase of an annuity

Life Insurance coverage will frequently contain an Accelerated Benefits

rider attached to the policy. What would be considered a "qualifying event "

under these riders?

Seasonal unemployment

Short-term Disability

Medical condition resulting in a significantly- shortened lifespan

Divorce - ✔✔Medical condition resulting in a significantly- shortened

lifespan

J the agent makes false statements to a perspective client about the

projected dividends for a policy. J may be found guilty of:

Defamation

Misrepresentation

Subrogation

Twisting - ✔✔Misrepresentation

Which of the following is the requirement for an individual to perform the

duties of an insurance agent?

Be bonded and insured

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Reside in the state for 1 year

Be duly licensed

Keep an annual sales quota - ✔✔Be duly licensed

Which of the following is a valid reason for suspending our revoking an

insurance agent's license?

Not meeting a sales quota

Filed for bankruptcy

Participating in the act of twisting

Convicted of misdemeanor - ✔✔Participating in the act of twisting

J is an insurance agent who maintains premiums in a fiduciary account.

Which of the following expenses may NOT be paid from using funds

withdrawn from this account?

Return premiums due to insureds

Personal medical expenses

Commissions due to other licensees

Premiums due to insurers - ✔✔Personal medical expenses

Under the Affordable Care Act (ACA):the coverage provided for

dependents up to the age of:

18

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