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Maryland Life and Health Insurance Practice Questions and Answers 100% Pass
Maryland Life and Health Insurance Practice 
Questions and Answers 100% Pass 
The contractual rights which allow the owner of a deferred annuity to surrender the 
cash value several years before the annuity date are called - Correct Answer ️️ - 
Nonforfeiture Options 
How many days does the ACA require insurers to give before rescinding coverage? - 
Correct Answer ️️ -30 
Under an adjustable life insurance policy, these may be changed without further writing 
- Correct Answer ️️ -the...
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- Exam (elaborations)
- • 16 pages •
Maryland Life and Health Insurance Practice 
Questions and Answers 100% Pass 
The contractual rights which allow the owner of a deferred annuity to surrender the 
cash value several years before the annuity date are called - Correct Answer ️️ - 
Nonforfeiture Options 
How many days does the ACA require insurers to give before rescinding coverage? - 
Correct Answer ️️ -30 
Under an adjustable life insurance policy, these may be changed without further writing 
- Correct Answer ️️ -the...
Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insurance and Annuities Practice Questions and Answers Graded A+
Excel Solutions Chapter 1 Exam- Basic Principles of Life 
and Health Insurance and Annuities Practice Questions 
and Answers Graded A+ 
Fraternal Benefit Society has each of the following characteristics EXCEPT? 
Incorporated 
Without capital stock 
Exists for profit 
Exists for the benefit of its members - Correct Answer ️️ -Exists for profit(Fraternal 
benefit societies are not-for-profit entities which exist for the benefit of their members) 
The Fair Credit and Reporting Act's main purp...
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- Exam (elaborations)
- • 5 pages •
Excel Solutions Chapter 1 Exam- Basic Principles of Life 
and Health Insurance and Annuities Practice Questions 
and Answers Graded A+ 
Fraternal Benefit Society has each of the following characteristics EXCEPT? 
Incorporated 
Without capital stock 
Exists for profit 
Exists for the benefit of its members - Correct Answer ️️ -Exists for profit(Fraternal 
benefit societies are not-for-profit entities which exist for the benefit of their members) 
The Fair Credit and Reporting Act's main purp...
FINAL EXAM REVIEW - Texas life and health Questions and Answers 100% Pass
FINAL EXAM REVIEW - Texas life and health 
Questions and Answers 100% Pass 
If, at the time of an insured's death, the insurance company discovers that the insured's 
age was misstated on the application for life insurance, the company will most likely - 
Correct Answer ️️ -pay the policy proceeds in the amount the premiums would have 
purchased at the insured's actual age 
The provision in a health insurance policy that suspends premiums being paid to the 
insurer while the insured is di...
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- Exam (elaborations)
- • 18 pages •
FINAL EXAM REVIEW - Texas life and health 
Questions and Answers 100% Pass 
If, at the time of an insured's death, the insurance company discovers that the insured's 
age was misstated on the application for life insurance, the company will most likely - 
Correct Answer ️️ -pay the policy proceeds in the amount the premiums would have 
purchased at the insured's actual age 
The provision in a health insurance policy that suspends premiums being paid to the 
insurer while the insured is di...
Maryland state exam life insurance license practice Questions and Answers 100% Pass
Maryland state exam life insurance 
license practice Questions and 
Answers 100% Pass 
In what part of an insurance policy or policy benefits found? - Correct Answer ️️ - 
Declarations 
Twisting - Correct Answer ️️ -The act of using misrepresentation to induce an insured 
person to terminate an existing policy and purchase a new policy is referred to as 
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 
years after the policy inception date, how wi...
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- Exam (elaborations)
- • 5 pages •
Maryland state exam life insurance 
license practice Questions and 
Answers 100% Pass 
In what part of an insurance policy or policy benefits found? - Correct Answer ️️ - 
Declarations 
Twisting - Correct Answer ️️ -The act of using misrepresentation to induce an insured 
person to terminate an existing policy and purchase a new policy is referred to as 
Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 
years after the policy inception date, how wi...
XCEL Solutions practice Exam Simulator Practice Questions and Answers 100% Pass
XCEL Solutions practice Exam Simulator Practice 
Questions and Answers 100% Pass 
Which of the following statements is CORRECT regarding the tax treatment of a lump- 
sum payment paid to a life insurance policy's primary beneficiary? - Correct Answer ️️ 
-All proceeds are income tax free in the year they are received. 
A(n) _____ insurance company is one formed in a country other than the United States. 
- Correct Answer ️️ -Alien 
Term insurance has which of the following characteristi...
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- Exam (elaborations)
- • 8 pages •
XCEL Solutions practice Exam Simulator Practice 
Questions and Answers 100% Pass 
Which of the following statements is CORRECT regarding the tax treatment of a lump- 
sum payment paid to a life insurance policy's primary beneficiary? - Correct Answer ️️ 
-All proceeds are income tax free in the year they are received. 
A(n) _____ insurance company is one formed in a country other than the United States. 
- Correct Answer ️️ -Alien 
Term insurance has which of the following characteristi...
Xcel solutions final exam Maryland Life and health questions and answers 100% pass
Xcel solutions final exam Maryland Life and health 
questions and answers 100% pass 
What is normally the consequence for NOT obtaining preadmission certification prior to 
receiving inpatient medical care? - Correct Answer ️️ -A reduction in benefits 
A group-owned insurance company that is formed to assume and spread the liability 
risks of its members is known as a - Correct Answer ️️ -Risk retention group 
During the application process, a statement made by an applicant that becomes ...
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- Exam (elaborations)
- • 6 pages •
Xcel solutions final exam Maryland Life and health 
questions and answers 100% pass 
What is normally the consequence for NOT obtaining preadmission certification prior to 
receiving inpatient medical care? - Correct Answer ️️ -A reduction in benefits 
A group-owned insurance company that is formed to assume and spread the liability 
risks of its members is known as a - Correct Answer ️️ -Risk retention group 
During the application process, a statement made by an applicant that becomes ...
XCEL Solutions - Social Security Review 2024 Questions and Answers 100% Pass
XCEL Solutions - Social Security Review 2024 
Questions and Answers 100% Pass 
Who is Covered - Correct Answer ️️ -Extends coverage to virtually every American 
who is employed or self-employed, with few exceptions 
How Benefits are Determined - Correct Answer ️️ -- A person must be insured under 
the Social Security program for survivors, disability, or retirement benefits to pay 
- Based on how long a covered worker has worked throughout his life 
Insured Status - Correct Answer ️️...
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- Exam (elaborations)
- • 4 pages •
XCEL Solutions - Social Security Review 2024 
Questions and Answers 100% Pass 
Who is Covered - Correct Answer ️️ -Extends coverage to virtually every American 
who is employed or self-employed, with few exceptions 
How Benefits are Determined - Correct Answer ️️ -- A person must be insured under 
the Social Security program for survivors, disability, or retirement benefits to pay 
- Based on how long a covered worker has worked throughout his life 
Insured Status - Correct Answer ️️...
Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Practice Questions and Answers
Insurance license practice XCEL solutions FINAL EXAM #12 - 
Texas life only Practice Questions and Answers 
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 dies 10 years later. During the...
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- Exam (elaborations)
- • 16 pages •
Insurance license practice XCEL solutions FINAL EXAM #12 - 
Texas life only Practice Questions and Answers 
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 dies 10 years later. During the...
XCEL North Carolina Laws and Rules Exam Questions and Answers 100% Pass
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- Exam (elaborations)
- • 6 pages •
XCEL Chapter 1 Exam Review 2024 Questions and Answers 100% Pass
XCEL Chapter 1 Exam Review 2024 
Questions and Answers 100% Pass 
A non-participating company is also called - Correct Answer ️️ -Stock insurer 
Contract that involves one party which indemnifies another when a loss arises from an 
unknown event - Correct Answer ️️ -Insurance policy 
A type of insurer that is owned by its policy owners is called - Correct Answer ️️ - 
Mutual 
Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - 
Because dividends...
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- Exam (elaborations)
- • 3 pages •
XCEL Chapter 1 Exam Review 2024 
Questions and Answers 100% Pass 
A non-participating company is also called - Correct Answer ️️ -Stock insurer 
Contract that involves one party which indemnifies another when a loss arises from an 
unknown event - Correct Answer ️️ -Insurance policy 
A type of insurer that is owned by its policy owners is called - Correct Answer ️️ - 
Mutual 
Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - 
Because dividends...
ATI Med-Surg Final Exam Questions and Answers 100% Pass
Certified Peer Specialist Training Exam
Superior NC Real Estate Important Final Exam Questions and Answers
AIC 302 SIMULATED EXAM QUESTIONS AND ANSWERS 100% PASS
NACE CP2 – EXAM QUESTIONS AND ANSWERS GRADE A+