Xcel Life, Accident, Health License Exam Questions with
verified answers
who is not eligible for social security survivor benefits?
A. Full-time students under the age of 19
B. A deceased worker's dependent parents of any age
C. A widow at any age who is caring for children younger than 16
D. A widow at full retirement age Ans✔✔-A deceased worker's
dependent parents of any age
(must be at least 62 years old)
what does the group life underwriting risk selection process help protect
insurance companies from? Ans✔✔-adverse selection
The open enrollment period for Medicare Part B is... Ans✔✔-January 1
through March 31
The period in which there are no social security benefits for the
surviving spouse is called Ans✔✔-Blackout period
(begins when the youngest child turns 16 and continues until the spouse
reaches age 60 at the earliest)
____ is NOT an element of a valid contract?
,A. countersignature
B. legal
C. competent parties
D. consideration Ans✔✔-Countersignature
Major medical expense plans typically use a cost containment measure
for emergency hospital care. This is referred to as a(n)
- Limitation
- Exclusion
- Capitation
- Deductible Ans✔✔-Deductible
What happens when an insurance policy is backdated?
- The policy's probation period is earlier than the present
- The policy's effective date is earlier than the present
- The time frame from reinstating a lapsed policy is extended
- The policy's elimination period is waived Ans✔✔-The Policy's
effective date is earlier than the present
which of the following does restorative dental treamtent cover?
,- crowns
- cleanings
- xrays
- dentures Ans✔✔-crowns
Under what order are people on the MRMIP waiting list allowed to
enroll?
- Priority is give to those with the most serious health issues
- Based on the individual's date of birth
- Priority is given to California residents
- Based on the date an individual's application is received Ans✔✔-Based
on the date an individual's application is received
What does a life insurance policy guarantee to the stated beneficiary
upon the death of the insured?
- Funeral expense fund
- Specified amount of money
- Policy dividend
- Policy's cash value Ans✔✔-Specified amount of money
Which type of life insurance offers flexible premiums, a flexible death
benefit, and the choice of how the cash value will be invested?
, - Modified whole life policy
- Adjustable life policy
- Universal policy
- Variable universal policy Ans✔✔-Variable universal policy
Which of these premium payment frequencies is not typically available
to a policyowner?
- Quarterly
- Semi-annual
- Bi-weekly
- Monthly Ans✔✔-Bi-weekly
According to HIPAA, when can a group health policy renewal be
denied?
- Participation or contribution rules have been changed
- The size of the group has increased by more than 10%
- participation or contribution rules have been violated
- There have been too many claims in the previous year Ans✔✔-
participation or contribution rules have been violated
The reason for social insurance is to
verified answers
who is not eligible for social security survivor benefits?
A. Full-time students under the age of 19
B. A deceased worker's dependent parents of any age
C. A widow at any age who is caring for children younger than 16
D. A widow at full retirement age Ans✔✔-A deceased worker's
dependent parents of any age
(must be at least 62 years old)
what does the group life underwriting risk selection process help protect
insurance companies from? Ans✔✔-adverse selection
The open enrollment period for Medicare Part B is... Ans✔✔-January 1
through March 31
The period in which there are no social security benefits for the
surviving spouse is called Ans✔✔-Blackout period
(begins when the youngest child turns 16 and continues until the spouse
reaches age 60 at the earliest)
____ is NOT an element of a valid contract?
,A. countersignature
B. legal
C. competent parties
D. consideration Ans✔✔-Countersignature
Major medical expense plans typically use a cost containment measure
for emergency hospital care. This is referred to as a(n)
- Limitation
- Exclusion
- Capitation
- Deductible Ans✔✔-Deductible
What happens when an insurance policy is backdated?
- The policy's probation period is earlier than the present
- The policy's effective date is earlier than the present
- The time frame from reinstating a lapsed policy is extended
- The policy's elimination period is waived Ans✔✔-The Policy's
effective date is earlier than the present
which of the following does restorative dental treamtent cover?
,- crowns
- cleanings
- xrays
- dentures Ans✔✔-crowns
Under what order are people on the MRMIP waiting list allowed to
enroll?
- Priority is give to those with the most serious health issues
- Based on the individual's date of birth
- Priority is given to California residents
- Based on the date an individual's application is received Ans✔✔-Based
on the date an individual's application is received
What does a life insurance policy guarantee to the stated beneficiary
upon the death of the insured?
- Funeral expense fund
- Specified amount of money
- Policy dividend
- Policy's cash value Ans✔✔-Specified amount of money
Which type of life insurance offers flexible premiums, a flexible death
benefit, and the choice of how the cash value will be invested?
, - Modified whole life policy
- Adjustable life policy
- Universal policy
- Variable universal policy Ans✔✔-Variable universal policy
Which of these premium payment frequencies is not typically available
to a policyowner?
- Quarterly
- Semi-annual
- Bi-weekly
- Monthly Ans✔✔-Bi-weekly
According to HIPAA, when can a group health policy renewal be
denied?
- Participation or contribution rules have been changed
- The size of the group has increased by more than 10%
- participation or contribution rules have been violated
- There have been too many claims in the previous year Ans✔✔-
participation or contribution rules have been violated
The reason for social insurance is to
