1
Xcel Life and Health Insurance Exam
Alabama (Latest 2025/2026 Update)
Questions with Verified Answers | 100%
Correct | Grade A.
The State Government - (answers)Regulates the Insurance Industry for the most
part
The Commissioner of Insurance - (answers)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 Commissioner can conduct a financial conduct of any insurance
company as often as deemed but at least once every - (answers)5 years
The Commissioner can hold hearings for any of the following reasons -
(answers)Commissioner considers it necessary.
Commissioner received a written request from a person who is the victim of a
violation of the insurance code.
Insurance law require that Commissioner must hold a hearing.
,2
Within how many days must the Insurance Commissioner hold a hearing after
receiving a written request - (answers)30 Days
How many days notice must the Commissioner give before a hearing? -
(answers)10 Days
Insurance Transaction includes any of the following: - (answers)Solicitation or
inducement to purchase insurance.
Negotiations toward the sale of insurance.
Executing a contract of insurance.
Advising on coverage and claims.
A licensee may ______ transact insurance business in Alabama until the licensee
is __________ by an Insurer. - (answers)NOT; Appointed
An Insurance Producer - (answers)A individual who in any manner sells, solicits, or
negotiates insurance on behalf of insurance companies for compensation
In Alabama, an individual represents the - (answers)Insurance Company
Any individual who has failed the License exam two times must wait ________ to
retake the test - (answers)3 Months
,3
A producer who holds a resident license in a different state may apply for a
_________________ in Alabama, as long as both states have a
_________________. - (answers)Nonresident license; Reciprocal agreement
Nonresident Producer - (answers)Applicants do not have to take the the state
licensing exam, but must have not committed any act for which the license could
be denied, suspended, or revoked.
The Commissioner may issue a temporary license for a MAXIMUM of - (answers)6
Months
Resident Producers - (answers)Must complete 24 hours of continuing education
every 2 years to keep their license.
A producer who allows their license to lapse may, within ___ months of the
renewal date, reinstate the license without having to complete the prelicense
course or pass the state examination. - (answers)12 Months
An Insurance Producer may NOT apply for any insurance license for a minimum of
- (answers)3 years
Producers/Businesses must report a change in address or name to the
Commissioner within - (answers)30 days
, 4
Producers must report felony convictions to the Director within ___ days -
(answers)30
An insurance producer must keep complete records pertaining to transactions
under the producers license for at least - (answers)3 Years
Insurers are responsible for submitting a appointment notice to the Department
of Insurance within __________ of signing an agency contract or submission of
first insurance application - (answers)15 days
The ________ of the soliciting insurance producer must appear on the application
- (answers)Name
When the policy is cancelled within ______ of the inception date, the producer
MUST refund to the consumer a prorated portion of any fee charged within
________ of receiving notification of cancelation. - (answers)90 days; 30 days
An Insurer who violates the Alabama rules on commission payments may be fined
up to - (answers)3 times the amount of the commissions paid.
Controlled business - (answers)policies written on people that the licensed
producer has direct influence over: including family, employers, and/or any
company to which the producer has stock control
Xcel Life and Health Insurance Exam
Alabama (Latest 2025/2026 Update)
Questions with Verified Answers | 100%
Correct | Grade A.
The State Government - (answers)Regulates the Insurance Industry for the most
part
The Commissioner of Insurance - (answers)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 Commissioner can conduct a financial conduct of any insurance
company as often as deemed but at least once every - (answers)5 years
The Commissioner can hold hearings for any of the following reasons -
(answers)Commissioner considers it necessary.
Commissioner received a written request from a person who is the victim of a
violation of the insurance code.
Insurance law require that Commissioner must hold a hearing.
,2
Within how many days must the Insurance Commissioner hold a hearing after
receiving a written request - (answers)30 Days
How many days notice must the Commissioner give before a hearing? -
(answers)10 Days
Insurance Transaction includes any of the following: - (answers)Solicitation or
inducement to purchase insurance.
Negotiations toward the sale of insurance.
Executing a contract of insurance.
Advising on coverage and claims.
A licensee may ______ transact insurance business in Alabama until the licensee
is __________ by an Insurer. - (answers)NOT; Appointed
An Insurance Producer - (answers)A individual who in any manner sells, solicits, or
negotiates insurance on behalf of insurance companies for compensation
In Alabama, an individual represents the - (answers)Insurance Company
Any individual who has failed the License exam two times must wait ________ to
retake the test - (answers)3 Months
,3
A producer who holds a resident license in a different state may apply for a
_________________ in Alabama, as long as both states have a
_________________. - (answers)Nonresident license; Reciprocal agreement
Nonresident Producer - (answers)Applicants do not have to take the the state
licensing exam, but must have not committed any act for which the license could
be denied, suspended, or revoked.
The Commissioner may issue a temporary license for a MAXIMUM of - (answers)6
Months
Resident Producers - (answers)Must complete 24 hours of continuing education
every 2 years to keep their license.
A producer who allows their license to lapse may, within ___ months of the
renewal date, reinstate the license without having to complete the prelicense
course or pass the state examination. - (answers)12 Months
An Insurance Producer may NOT apply for any insurance license for a minimum of
- (answers)3 years
Producers/Businesses must report a change in address or name to the
Commissioner within - (answers)30 days
, 4
Producers must report felony convictions to the Director within ___ days -
(answers)30
An insurance producer must keep complete records pertaining to transactions
under the producers license for at least - (answers)3 Years
Insurers are responsible for submitting a appointment notice to the Department
of Insurance within __________ of signing an agency contract or submission of
first insurance application - (answers)15 days
The ________ of the soliciting insurance producer must appear on the application
- (answers)Name
When the policy is cancelled within ______ of the inception date, the producer
MUST refund to the consumer a prorated portion of any fee charged within
________ of receiving notification of cancelation. - (answers)90 days; 30 days
An Insurer who violates the Alabama rules on commission payments may be fined
up to - (answers)3 times the amount of the commissions paid.
Controlled business - (answers)policies written on people that the licensed
producer has direct influence over: including family, employers, and/or any
company to which the producer has stock control
