XCEL TESTING SOLUTIONS PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

NORTH CAROLINA XCEL TESTING LIFE & HEALTH INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: Correct Answer: 1970 - Fair Credit Reporting Ac...

Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: Correct Answer: 1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? Correct Answer: Trea...

Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: Correct Answer: 1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? Correct Answer: Trea...

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 Correct Answer: The Accumulation at Interest Option - ...

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...

Entire Contract Correct Answer: States the insurance policy itself, any riders and endorsements/amendments and the application comprise the entire contract between all parties. Insurance cannot make changes to a policy. The entire contract provision is found at the beginning of every insuranc...