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XCEL North Carolina Laws and Rules Practice Questions and Answers Which of the following is NOT an unfair claim settlement practice? - Correct Answer ️️ -Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's hearing date must be at least ____ days after service of charges. - Correct Answer ️️ -10 ...

North Carolina XCEL Testing Life & Health Insurance Exam Study Questions and Answers Graded A+ Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: - Correct Answer ️️ -1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Correct Answer ️️ -Treaty What is the name of the law that requires insurers to disclose information gatherin...

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 The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as - Correct Answer ️️ -Twisting Nothing - Correct Answer ️️ -Shirley has $500,000 10-year-old son nonrenewable level term life policy. If she dies 15 years after ...

Texas State Exam Simulator - Life and Health Insurance (200 Questions Practice Exam) Questions and Answers 100% Pass An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - Correct Answer ️️ -An installm...

XCEL Solutions practice Exam Simulator Questions and Answers Graded A+ 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 characteristics? - Cor...

Xcel solutions final exam Maryland Life and health Questions and Answers 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 part of t...

XCEL Chapter 1 Exam Review 2024 Questions and Answers Stock insurer - Correct Answer ️️ -A non-participating company is also called Insurance policy - Correct Answer ️️ -Contract that involves one party which indemnifies another when a loss arises from an unknown event Mutual - Correct Answer ️️ -A type of insurer that is owned by its policy owners is called Because dividends are considered to be a return of premium - Correct Answer ️️ -Why are dividends from a mutual ins...

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 ️️...

XCEL LIFE, HEALTH, & ACCIDENT INSURANCE: Chapter 1 Questions and Answers 100% Correct Role of Insurance - Correct Answer ️️ -To transfer the risk of financial loss from an individual or business to an insurance company Life Insurance - Correct Answer ️️ -It is designed to protect against the risk of premature death. Health Insurance - Correct Answer ️️ -It is designed to protect against the severity of financial loss due to illness, disease, short- or long-term disability, wag...

XCEL solutions Practice Questions and Answers 100% Pass A partial surrender is allowed in which of the following life policies? - Correct Answer ️️ -Universal life All of the following riders can increase the death benefit amount EXCEPT - Correct Answer ️️ -Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - Correct Answer ️️ -Conditionally Renewable A proposed insured for a...