Xcel insurance license - Study guides, Class notes & Summaries

Xcel Final Exam Questions and Answers Already Passed Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 because this policy has a zero deductible, the i...

Xcel Final Exam Questions and Answers 100% Pass Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 because this policy has a zero deductible, the insure...

Xcel Life and Health Insurance Exam Alabama (2023/2024) Rated A + The State Government Regulates the Insurance Industry for the most part The Commissioner of Insurance enforces the insurance laws in Alabama and may: organize, supervise, and administer the Insurance. enforce all provisions in the Insurance Code. Issue Insurance licenses to qualified. Conduct investigations and examinations of insurance matters. Invoke any legal actions necessary to enforce Insurance laws. The Insurance Commissi...

OHIO Life & Health Insurance XCEL Laws and Rules Already Passed maximum benefits upper limit of total lifetime benefits that the insurance company will pay Misrepresentation falsifying terms, benefits, advantages, or conditions of insurance policy defamation publishing information that is false and maliciously critical to an insurer and intended to cause injury An insurer can exclude coverage for a pre-existing condition on Medicare Supplement policy for up to ___ months 6 months ...

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Insurance Questions and Answers 1. Settlement Option: Answer: Life income - This option pays a stated amount to an annuitant but provides no residual value to a beneficiary. 2. Continuing Education Requirement for New Agents: Answer: 24 hours - A new agent must complete at least 24 hours of continuing education within 24 months of initial license issuance. 3. Misstatement of Age Provision Outcome:...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions with Verified Solutions The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT 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 the insured that the policy has been cancelled in the middle of the term is called cancelable The ren...

Insurance license practice XCEL solutions Exam -3-part 2 Life provisions

INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12 - TEXAS LIFE ONLY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? Correct Answer: Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? Correct Answer: 24 hours Question 3 L takes out a life insurance policy and di...

VA Life Insurance Practice Exam (90 Xcel) Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions K buys a policy where the premium stays fixed for the first 5 years. The premium then increases in year 6 and stays level thereafter, all the while the death benefit remains the same. What kind of policy is this? Modified Whole Life W...

XCEL FL TEST STUDY GUIDE LATEST UPDATE GRADED A+ Which of the following types of health coverage frequently uses a deductible? Major Medical policy What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? Irrevocable beneficiary If a 10-Year Term Life policy contains a Renewability provision, the policy will renew without evidence of insurability Under Florida law, a variable annuity policyowner must be notifie...