100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
XCEL Chapter 1 2024 RECENT UPDATE TEST PRACTICE MOST TESTED COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT $17.99   Add to cart

Exam (elaborations)

XCEL Chapter 1 2024 RECENT UPDATE TEST PRACTICE MOST TESTED COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

 7 views  3 purchases
  • Course
  • XCEL Chapter 1
  • Institution
  • XCEL Chapter 1

XCEL Chapter 1 2024 RECENT UPDATE TEST PRACTICE MOST TESTED COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

Preview 2 out of 12  pages

  • June 13, 2024
  • 12
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • XCEL Chapter 1
  • XCEL Chapter 1
avatar-seller
MEGAMINDS
XCEL Chapter 1 2024 RECENT UPDATE
TEST PRACTICE MOST TESTED COMPREHENSIVE
QUESTIONS AND VERIFIED CORRECT ANSWERS
GRADE A+ GET IT RIGHT


Why are dividends from a mutual insurer not subject to
taxation?
A. Because insurance premiums are tax-deductible
B. Because dividends are already subject to capital gains
C. Because dividends are payable directly to the policyholder
D. Because dividends are considered to be a return of premium
- (correct answer) Because dividends are considered to be a
return of premium


A nonparticipating company is sometimes called a(n)?
A. alien insurer
B. mutual insurer
C. reinsurer
D. stock insurer - (correct answer) stock insurer


An insurer's claim settlement practices are regulated by the?

, A. Securities and Exchange Commission (SEC)
B. National Association of Claims Adjusters (NACA)
C. National Association of Insurance Commissioners (NAIC)
D. State insurance departments - (correct answer) State
insurance departments


What kind of life insurance policy issued by a mutual insurer
provides a return of divisible surplus?
A. nonparticipating life insurance policy
B. participating life insurance policy
C. divisible surplus life insurance policy
D. straight life insurance policy - (correct answer)
participating life insurance policy


What is the primary purpose of a rating service company such
as A.M Best?
A. Determine which insurer offers the best rates
B. Determine which insurer offers the best policies
C. Determine financial strength of an insurance company
D. Determine which agent to use locally - (correct answer)
Determine financial strength of an insurance company

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MEGAMINDS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99  3x  sold
  • (0)
  Add to cart