age 1 of 37
XCEL Life & Health Insurance FINAL EXAM STUDY
GUIDE 2025/2026 ACCURATE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES ||
100% GUARANTEED PASS <BRAND NEW VERSION>
Agent J takes an application and initial premium from an
applicant and sends the application and premium check to the
insurance company. The insurance company returns the check
back to J because the check is made out to J instead of the
insurance compnay. What action should J take?
.......Answer.........Return to the customer, collect a new check made
out to the insurance company, and send the new check out ot the
insurance company
What is an organization that solicits insurance only to its
members? .......Answer.........Fraternal Benefit Society
,age 2 of 37
All of the following statements regarding group health insurance
is true, EXCEPT: .......Answer.........An individual policy is given to
each member
According to the Mandatory Uniform Policy Provisions, what is
the maximum amount of time after the premium due date during
which the policy remains in force even though the premium has
not been paid? .......Answer.........31 days
Which of the following provisions guarantees that premiums will
be waived if a Juvenile Life Policyowner becomes disabled?
.......Answer.........Payor Clause
Under a Guaranteed Renewable health insurance policy, the
insurer .......Answer.........may cancel the policy for nonpayment
only
,age 3 of 37
A statement made by an insured in an insurance application that
must be true to the best of one's knowledge and which becomes
a part of the contract is known as: .......Answer.........a
representation
T ius given a receipt after completing a life insurance
application and paying the initial premium. Under this situation,
T's coverage is .......Answer.........conditional, depending on the
insurer's underwriting guidlines
T is reciving $3,000/month from a Disability Income policy in
which T's employer had paid the premiums. How are the $3,000
benefits payments taxable? .......Answer.........Benefit's are
taxable to T
, age 4 of 37
In Texas, which of these statements regarding the Suicide clause
is TRUE? .......Answer.........An insurer may not use suicide as a
defense against payment after the second year
Taking recipt of premiums and holding them for the insurance
comoany is an example of: .......Answer.........Fiduciary
responsibility
The ______ clause identifies which losses resulting from an
accident or sickness are insured by the policy.
.......Answer.........Insuring
A Medicare Supplement policy may be cancelled for which of
the following reasons? .......Answer.........The premium has not
been paid by the insured
XCEL Life & Health Insurance FINAL EXAM STUDY
GUIDE 2025/2026 ACCURATE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES ||
100% GUARANTEED PASS <BRAND NEW VERSION>
Agent J takes an application and initial premium from an
applicant and sends the application and premium check to the
insurance company. The insurance company returns the check
back to J because the check is made out to J instead of the
insurance compnay. What action should J take?
.......Answer.........Return to the customer, collect a new check made
out to the insurance company, and send the new check out ot the
insurance company
What is an organization that solicits insurance only to its
members? .......Answer.........Fraternal Benefit Society
,age 2 of 37
All of the following statements regarding group health insurance
is true, EXCEPT: .......Answer.........An individual policy is given to
each member
According to the Mandatory Uniform Policy Provisions, what is
the maximum amount of time after the premium due date during
which the policy remains in force even though the premium has
not been paid? .......Answer.........31 days
Which of the following provisions guarantees that premiums will
be waived if a Juvenile Life Policyowner becomes disabled?
.......Answer.........Payor Clause
Under a Guaranteed Renewable health insurance policy, the
insurer .......Answer.........may cancel the policy for nonpayment
only
,age 3 of 37
A statement made by an insured in an insurance application that
must be true to the best of one's knowledge and which becomes
a part of the contract is known as: .......Answer.........a
representation
T ius given a receipt after completing a life insurance
application and paying the initial premium. Under this situation,
T's coverage is .......Answer.........conditional, depending on the
insurer's underwriting guidlines
T is reciving $3,000/month from a Disability Income policy in
which T's employer had paid the premiums. How are the $3,000
benefits payments taxable? .......Answer.........Benefit's are
taxable to T
, age 4 of 37
In Texas, which of these statements regarding the Suicide clause
is TRUE? .......Answer.........An insurer may not use suicide as a
defense against payment after the second year
Taking recipt of premiums and holding them for the insurance
comoany is an example of: .......Answer.........Fiduciary
responsibility
The ______ clause identifies which losses resulting from an
accident or sickness are insured by the policy.
.......Answer.........Insuring
A Medicare Supplement policy may be cancelled for which of
the following reasons? .......Answer.........The premium has not
been paid by the insured
