Xcel chapter 7 test - Study guides, Class notes & Summaries
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XCEL Chapter 7 Test Questions with Correct Answers
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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...
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XCEL Chapter 7 Test Questions with Correct Answers (1)
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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...
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XCEL CHAPTER 12 - NEVADA LAWS AND ETHICS PERTINENT TO INSURANCE EXAM 2024/2025
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XCEL CHAPTER 12 - NEVADA LAWS AND ETHICS PERTINENT TO INSURANCE EXAM 2024/2025 
 
 
An agent's license can be suspended or revoked by: 
 
a) writing primarily controlled business 
 
b) not meeting annual sales quota 
 
c) replacing an existing insurance policy with a new one 
 
d) issuing a binding receipt - Precise Answer a) writing primarily controlled business 
 
All of the following actions are considered rebating, EXCEPT: 
 
a) sharing commissions with other licensed and appointed agents ...
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XCEL STUDY SOLUTIONS BUNDLE PACK/OVER 1000 EXAM QUESTIONS CORRECTLY SOLVED/CHAPTER 1-18 EXAM QUESTIONS SOLVED/ALL SECTIONS INVOLVED.A+ GRADE GUARANTEED.
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XCEL Chapter 7 Review Practice Test.


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XCEL Chapter 8 Study Exam Questions & Answers.


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XCEL Chapter 9 Solution Test.


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XCEL Chapter 10 Exam Questions Correctly Answered.


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XCEL Chapter 11 Review Practice Test Questions & Answers.


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Chapter 11 XCEL S
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XCEL Chapter 7 Review Practice Test.
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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...
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XCEL Chapter 7 Test Questions with Correct Answers
- Exam (elaborations) • 3 pages • 2024
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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 applica...
-
Chapter 3 (215) XCEL Final Exam Prediction Questions & Answers.
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Chapter 3 (215) XCEL Final Exam Prediction Questions & Answers. 
 
 
Which type of policy is considered to be overfunded, as stated by IRS guidelines? - CORRECT ANSWER The correct answer is "Modified Endowment Contract". A policy that is overfunded to where it does not meet the 7-pay test is considered a Modified Endowment Contract. 
 
A(n) _______ _______ Life policy combines investment choices with a form of Term coverage - CORRECT ANSWER The correct answer is "Variable Universal". Variable Un...
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XCEL Chapter 11 Chapter Exam
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XCEL Chapter 11 Chapter Exam 
1. Maria the insurance producer completes a sale by collecting the required signatures on the 
application and obtaining the initial premium. Afterwards, she deposited the check into a personal 
checking account. Maria committed what crime? 
️ Fraud 
2. Making a statement that is false and maliciously critical of the financial condition of the insurer is 
known as: 
️ Defamation 
3. Which of the following statements is true about an insurer's right ...
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Bundle For XCEL Exam Questions with Complete Solutions (1)
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XCEL Exam Questions with Complete Solutions (1)

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XCEL Chapter 11 Exam Questions with Correct Answers

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XCEL Chapter 10 Exam Questions with Answers

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XCEL Chapter 7 Test Questions with Correct Answers

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XCEL Chapter 5 Test with Compete Solutions

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Bundle For XCEL Chapter 5 Test with Compete Solutions (2)
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XCEL Exam Questions with Complete Solutions (2)

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XCEL Chapter 11 Exam Questions with Correct Answers (1)

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XCEL Chapter 10 Exam Questions with Answers (1)

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XCEL Chapter 7 Test Questions with Correct Answers (1)

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XCEL Chapter 5 Test with Compet
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