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XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
in Louisiana, legal action can be taken for up to ___
year(s) against an insurer for failure to pay health
insurance claims after proof of loss was submitted. -
...ANSWER...✓✓ 1
When does an immediate annuity begin making
payments? - ...ANSWER...✓✓ After the first premium has
been paid
Which of the following statements is TRUE about
Medicaid? - ...ANSWER...✓✓ It is funded by federal, state,
and local taxes
The deeds and actions of a producer indicate what kind of
authority? - ...ANSWER...✓✓ apparent
Which dividend option would an insurer invest the policy
owner's money and add any interest earnings as the
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dividends accrue? - ...ANSWER...✓✓ Accumulation at
Interest Option
Which type of life insurance policy pays the face amount
at the end of the specified period if the insured is still
alive? - ...ANSWER...✓✓ Endowment policy
Sharon the producer intentionally submitted a false
statement in support of a claim. This is considered a form
of - ...ANSWER...✓✓ fraud
What is the purpose of the Louisiana Life and Health
Insurance Guaranty Association? - ...ANSWER...✓✓
Ensures that claims filed against insolvent insurance
companies will be paid
What kind of life insurance policy covers two or more
people with the death benefit payable upon the last
persons death? - ...ANSWER...✓✓ Last Survivor Life
insurance
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A producer who sells most of his/her insurance policies
to family members is said to be engaging in -
...ANSWER...✓✓ controlled business
Which of these is a requirement for obtaining a resident
insurance producer license in this state? -
...ANSWER...✓✓ Pass the appropriate examination
An insurer has a stop-loss limit of 5,000, a deductible of
$500, and an 80/20 coinsurance. The insured incurs
$25,000 of covered losses. How much will the insured
have to pay? - ...ANSWER...✓✓ $5,000
Health insurance involves two perils, accident and _____. -
...ANSWER...✓✓ sickness
An insurance producer decides to conduct business
under an assumed name. The Commissioner MUST be
notified of this change. - ...ANSWER...✓✓ Prior to using
the assumed name
XCEL Solutions Final Exam 2025 Practice Test 200
Questions and Correct Answers/ XCEL Life
Insurance Final Practice Exam
in Louisiana, legal action can be taken for up to ___
year(s) against an insurer for failure to pay health
insurance claims after proof of loss was submitted. -
...ANSWER...✓✓ 1
When does an immediate annuity begin making
payments? - ...ANSWER...✓✓ After the first premium has
been paid
Which of the following statements is TRUE about
Medicaid? - ...ANSWER...✓✓ It is funded by federal, state,
and local taxes
The deeds and actions of a producer indicate what kind of
authority? - ...ANSWER...✓✓ apparent
Which dividend option would an insurer invest the policy
owner's money and add any interest earnings as the
,2|Page
dividends accrue? - ...ANSWER...✓✓ Accumulation at
Interest Option
Which type of life insurance policy pays the face amount
at the end of the specified period if the insured is still
alive? - ...ANSWER...✓✓ Endowment policy
Sharon the producer intentionally submitted a false
statement in support of a claim. This is considered a form
of - ...ANSWER...✓✓ fraud
What is the purpose of the Louisiana Life and Health
Insurance Guaranty Association? - ...ANSWER...✓✓
Ensures that claims filed against insolvent insurance
companies will be paid
What kind of life insurance policy covers two or more
people with the death benefit payable upon the last
persons death? - ...ANSWER...✓✓ Last Survivor Life
insurance
, 3|Page
A producer who sells most of his/her insurance policies
to family members is said to be engaging in -
...ANSWER...✓✓ controlled business
Which of these is a requirement for obtaining a resident
insurance producer license in this state? -
...ANSWER...✓✓ Pass the appropriate examination
An insurer has a stop-loss limit of 5,000, a deductible of
$500, and an 80/20 coinsurance. The insured incurs
$25,000 of covered losses. How much will the insured
have to pay? - ...ANSWER...✓✓ $5,000
Health insurance involves two perils, accident and _____. -
...ANSWER...✓✓ sickness
An insurance producer decides to conduct business
under an assumed name. The Commissioner MUST be
notified of this change. - ...ANSWER...✓✓ Prior to using
the assumed name
