XCEL LIFE AND HEALTH INSURANCE FINAL
EXAM TEST | COMPLETE 2026/2027
UPDATED ACTUAL EXAM WITH CORRECT
VERIFIED ANSWERS
| GUARANTEED A+ EXAM EXCELLENCE
The clause identifies which losses resulting from an accident or
sickness are insured by the policy. - ✔✔✔ Correct Answer > Insuring
When will a hearing be held after a notice of hearing, alleging
participation in an unfair or deceptive act, is served to a licensee or
insurer by the Commissioner? - ✔✔✔ Correct Answer > No sooner
than 6 days
,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: - ✔✔✔ Correct Answer > a representation
Which of these factors does NOT influence an applicant's need for life
insurance? - ✔✔✔ Correct Answer > Self-maintenance expenses
Which of the following provisions guarantees that premiums will be
waived if a Juvenile Life Policyowner becomes disabled? - ✔✔✔ Correct
Answer > Payor Clause
Under a Guaranteed Renewable health insurance policy, the insurer -
✔✔✔ Correct Answer > may cancel the policy for nonpayment only
,T ius given a receipt after completing a life insurance application and
paying the initial premium. Under this situation, T's coverage is - ✔✔✔
Correct Answer > conditional, depending on the insurer's
underwriting guidelines
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? - ✔✔✔ Correct Answer > Benefit's are taxable to T
In Texas, which of these statements regarding the Suicide clause is
TRUE? - ✔✔✔ Correct 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: - ✔✔✔ Correct Answer > Fiduciary responsibility
, A Medicare Supplement policy may be cancelled for which of the
following reasons? - ✔✔✔ Correct Answer > The premium has not
been paid by the insured
Which of the following benefits is NOT required under a group health
plan for drug and alcohol treatment? - ✔✔✔ Correct Answer >
Transportation to and from a treatment facility
The Notice of Claims provision requires a policyowner to: - ✔✔✔
Correct Answer > notify an insurer of a claim within a specified time
K is the insured and P is the sole beneficiary of an Accidental Death and
Dismemberment (AD&D) insurance policy. Both are involved in a fatal
accident where K dies before P. Under the Common Disaster provision,
EXAM TEST | COMPLETE 2026/2027
UPDATED ACTUAL EXAM WITH CORRECT
VERIFIED ANSWERS
| GUARANTEED A+ EXAM EXCELLENCE
The clause identifies which losses resulting from an accident or
sickness are insured by the policy. - ✔✔✔ Correct Answer > Insuring
When will a hearing be held after a notice of hearing, alleging
participation in an unfair or deceptive act, is served to a licensee or
insurer by the Commissioner? - ✔✔✔ Correct Answer > No sooner
than 6 days
,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: - ✔✔✔ Correct Answer > a representation
Which of these factors does NOT influence an applicant's need for life
insurance? - ✔✔✔ Correct Answer > Self-maintenance expenses
Which of the following provisions guarantees that premiums will be
waived if a Juvenile Life Policyowner becomes disabled? - ✔✔✔ Correct
Answer > Payor Clause
Under a Guaranteed Renewable health insurance policy, the insurer -
✔✔✔ Correct Answer > may cancel the policy for nonpayment only
,T ius given a receipt after completing a life insurance application and
paying the initial premium. Under this situation, T's coverage is - ✔✔✔
Correct Answer > conditional, depending on the insurer's
underwriting guidelines
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? - ✔✔✔ Correct Answer > Benefit's are taxable to T
In Texas, which of these statements regarding the Suicide clause is
TRUE? - ✔✔✔ Correct 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: - ✔✔✔ Correct Answer > Fiduciary responsibility
, A Medicare Supplement policy may be cancelled for which of the
following reasons? - ✔✔✔ Correct Answer > The premium has not
been paid by the insured
Which of the following benefits is NOT required under a group health
plan for drug and alcohol treatment? - ✔✔✔ Correct Answer >
Transportation to and from a treatment facility
The Notice of Claims provision requires a policyowner to: - ✔✔✔
Correct Answer > notify an insurer of a claim within a specified time
K is the insured and P is the sole beneficiary of an Accidental Death and
Dismemberment (AD&D) insurance policy. Both are involved in a fatal
accident where K dies before P. Under the Common Disaster provision,
