Xcel chapter 7 - Study guides, Class notes & Summaries

XCEL Chapter 7 (CA Life, Accident, & Health) Q&A/ . Terms like According to PPACA, what is a health benefits exchange? - Answer: An entity to which individuals and small businesses can have access to affordable health coverage Which word implies permissiveness according to the California Insurance Code? - Answer: May

XCEL Chapter 7 (CA Life, Accident, & Health) Q&A/ . Terms like: The California Insurance Code defines "policy" as a(n) - Answer: written contract The cost of services charged by the Health Insurance Counseling Advocacy Program (HI Cap) is - Answer: no cost Which of the following is NOT covered by the Family and Medical Leave Act (FMLA)? - Answer: Traveling overseas with a spouse

XCEL Chapter 7 Test Questions with Correct Answers 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 premium is collected - Answer-When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline insurance app...

XCEL CHAPTER 7 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 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 premium is collected When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline i...

XCEL Chapter 7 Questions with complete solution 2023/2024The California Insurance Code defines "policy" as a(n) - correct answer written contract The cost of services charged by the Health Insurance Counseling Advocacy Program (HiCap) is - correct answer no cost Which of the following is NOT covered by the Family and Medical Leave Act (FMLA)? - correct answer Traveling overseas with a spouse Which of the following acts is NOT a Federal offense committed by an insurance agent? - corre...

XCEL Chapter 7 Test Questions with Correct Answers (1) 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 premium is collected - Answer- When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline insurance a...

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 premium is collected - CORRECT ANSWER When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline insurance applican...

XCEL Chapter 7

XCEL Chapter 7 Questions and Answers 2023 The California Insurance Code defines "policy" as a(n) written contract The cost of services charged by the Health Insurance Counseling Advocacy Program (HiCap) is no cost Which of the following is NOT covered by the Family and Medical Leave Act (FMLA)? Traveling overseas with a spouse Which of the following acts is NOT a Federal offense committed by an insurance agent? Misrepresentation on an insurance application Whic...

XCEL Chapter 7 (CA Life, Accident, & Health) Q&A/ . Terms like: What is required after a life agent sells an insurance policy to an applicant without being appointed by the insurer? - Answer: Notice of appointment must be submitted to the Commissioner According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium? - Answer: Materiality Which of the following actions is NOT allowed by Health Insurance Counseling and Advoca...