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XCEL State Exam Simulator (3 LATEST
VERSIONS) Includes 500+ Accurate And
Verified Questions Tailored For Life, Health,
Property, And Casualty Insurance Licensing
Exams Across Various States. It Mirrors The
Actual Testing Experience With Modules On
Ins
Which of the following situations are NOT subject to
Florida life insurance laws? - . . ANSWER ✔ ✔insurance
companies' day to day operations
Dividends paid from a life insurance policy are - . .
ANSWER ✔ ✔issued by the insurer
Which of the following does Social Security NOT provide
benefits for? - . . ANSWER ✔ ✔dismemberment
In regards to representations or warranties, which of these
statements is TRUE? - . . ANSWER ✔ ✔If material to the
risk, false representations will void a policy
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Asset protection can be provided by a long-term care
partnership policy if the policyholder qualifies for - . .
ANSWER ✔ ✔Medicaid
An agent may provide a prospective client with an
advertising gift as long as the value of that gift does not
exceed - . . ANSWER ✔ ✔$100
According to Florida law, group life insurance conversion
privileges must NOT - . . ANSWER ✔ ✔require evidence
of insurability
All individuals covered under a group contract will receive
a(n) - . . ANSWER ✔ ✔certificate
S wants to open a tax-exempt Health Savings Account. To
qualify for this type of account, Federal law dictates that S
must be enrolled in a - . . ANSWER ✔ ✔high-deductible
health plan
Why is an applicant's signature required on a life
insurance application? - . . ANSWER ✔ ✔to attest that the
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statements on the application are accurate to the best of
the applicant's knowledge
Which of the following Life insurance policies combine
term insurance with an investment element? - . . ANSWER
✔ ✔Universal Life
A policyowner would like to change the beneficiary on a
Life insurance policy and make the change permanent.
Which type of designation would fulfill this need? - . .
ANSWER ✔ ✔irrevocable
Medicare Part A and Part B do NOT pay for - . . ANSWER
✔ ✔dental work
An example of sliding would be - . . ANSWER ✔
✔charging for an additional product without the
applicant's consent
Additional coverage can be added to a Whole Life policy by
adding a(n) - . . ANSWER ✔ ✔decreasing term rider
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When an insurance application is taken by a producer,
which of these statements is true? - . . ANSWER ✔ ✔any
changes made on the application require the applicant's
initials
The advantage of reinstating an original life policy is - . .
ANSWER ✔ ✔the premiums re based on a younger age
All of the following are considered to be typical
characteristics describing the nature of an insurance
contract, EXCEPT - . . ANSWER ✔ ✔Bilateral
a life insurance policy which ensures that the premium will
be paid if the insured becomes disabled has what kind of
rider attached - . . ANSWER ✔ ✔Waiver of premium
According to Florida's life insurance replacement laws, a
policyowner must be provided with a written Comparison
and Summary Statement when it's requested by - . .
ANSWER ✔ ✔the policyowner
What percentage of eligible persons must a policy cover in
a noncontributory group? - . . ANSWER ✔ ✔100%
XCEL State Exam Simulator (3 LATEST
VERSIONS) Includes 500+ Accurate And
Verified Questions Tailored For Life, Health,
Property, And Casualty Insurance Licensing
Exams Across Various States. It Mirrors The
Actual Testing Experience With Modules On
Ins
Which of the following situations are NOT subject to
Florida life insurance laws? - . . ANSWER ✔ ✔insurance
companies' day to day operations
Dividends paid from a life insurance policy are - . .
ANSWER ✔ ✔issued by the insurer
Which of the following does Social Security NOT provide
benefits for? - . . ANSWER ✔ ✔dismemberment
In regards to representations or warranties, which of these
statements is TRUE? - . . ANSWER ✔ ✔If material to the
risk, false representations will void a policy
,2|Page
Asset protection can be provided by a long-term care
partnership policy if the policyholder qualifies for - . .
ANSWER ✔ ✔Medicaid
An agent may provide a prospective client with an
advertising gift as long as the value of that gift does not
exceed - . . ANSWER ✔ ✔$100
According to Florida law, group life insurance conversion
privileges must NOT - . . ANSWER ✔ ✔require evidence
of insurability
All individuals covered under a group contract will receive
a(n) - . . ANSWER ✔ ✔certificate
S wants to open a tax-exempt Health Savings Account. To
qualify for this type of account, Federal law dictates that S
must be enrolled in a - . . ANSWER ✔ ✔high-deductible
health plan
Why is an applicant's signature required on a life
insurance application? - . . ANSWER ✔ ✔to attest that the
,3|Page
statements on the application are accurate to the best of
the applicant's knowledge
Which of the following Life insurance policies combine
term insurance with an investment element? - . . ANSWER
✔ ✔Universal Life
A policyowner would like to change the beneficiary on a
Life insurance policy and make the change permanent.
Which type of designation would fulfill this need? - . .
ANSWER ✔ ✔irrevocable
Medicare Part A and Part B do NOT pay for - . . ANSWER
✔ ✔dental work
An example of sliding would be - . . ANSWER ✔
✔charging for an additional product without the
applicant's consent
Additional coverage can be added to a Whole Life policy by
adding a(n) - . . ANSWER ✔ ✔decreasing term rider
, 4|Page
When an insurance application is taken by a producer,
which of these statements is true? - . . ANSWER ✔ ✔any
changes made on the application require the applicant's
initials
The advantage of reinstating an original life policy is - . .
ANSWER ✔ ✔the premiums re based on a younger age
All of the following are considered to be typical
characteristics describing the nature of an insurance
contract, EXCEPT - . . ANSWER ✔ ✔Bilateral
a life insurance policy which ensures that the premium will
be paid if the insured becomes disabled has what kind of
rider attached - . . ANSWER ✔ ✔Waiver of premium
According to Florida's life insurance replacement laws, a
policyowner must be provided with a written Comparison
and Summary Statement when it's requested by - . .
ANSWER ✔ ✔the policyowner
What percentage of eligible persons must a policy cover in
a noncontributory group? - . . ANSWER ✔ ✔100%
