Xcel

XCEL NORTH CAROLINA LAWS AND RULES EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS GRADED A+ Which of the following is NOT an unfair claim settlement practice? Needing written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's hearing date must be at least ____ days after service of charges. 10 K sent a renewal premium ...

XCEL CHAPTER 14 DISABILITY INSURANCE EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ what is the elimination period of an individual Disability Policy? time period A disabled person must wait before benefits are paid typically, long term disability benefits are coordinated with which Benefit Plan? social security the factor used most often when underwriting a disability income policy is annual earnings Tyler purchased a Disability Policy with a waiver of premium Rider on April...

XCEL LIFE POLICIES EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Which type of multiple protection policy pays on the death of the last person? A. Joint Life Policy B. Dual Life Policy C. Multiple Life Policy D. Survivorship Life Policy D. Survivorship Life Policy A policyowner may change two policy features on what type of life insurance? A. Adjustable Life B. Modified Whole Life C. Decreasing Term Life D. Whole Life A. Adjustable Life Adjustable Life allows t...

XCEL CHAPTER 8 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Which of the following statements regarding equity index contract factors is most CORRECT? Cash values of equity index contracts typically grow at a minimum interest rate. Which of the following is a fair comparison between life insurance and annuities? Both life insurance and annuities use mortality tables Variable annuity payouts are adjusted based upon which of the following? Annuity units

XCEL CHAPTER 1 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ the fair credit and Reporting Act main purpose is to protect consumers with guidelines regarding credit reporting and distribution a plan in which an employer pays insurance benefits from a fund derived from the employer's current revenues is called a self-funded plan what kind of life insurance policy issued by a mutual insurer provides a return of divisible Surplus? participating life insurance policy why...

XCEL TEST LIFE & HEALTH EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED A policy that becomes a Modified Endowment Contract (MEC): will loose many of its tax advantages All of these are characteristics of an Adjustable Life policy, EXCEPT: face amount can be adjusted using policy dividends The most important factor to consider when determining whether to convert term insurance at the insured's attained age or the insured's original age is: the cost F needs life insurance that provi...

XCEL CHAPTER 13 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED An example of a presumptive disability would be A. a stroke B. deafness C. diabetes D. cancer deafness Tom has a rider on his disability income policy that guarantees the right to increase his benefits without a medical exam. What kind of rider is this? A. Waiver of premium rider B. Guaranteed benefit rider C. Payor benefit rider D. Guaranteed insurability rider Guaranteed insurability rider Which type of disabilit...

XCEL CHAPTER 17 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND GRADED A+ Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applicant number of children Which of the following is a requirement for ANY change in an insurance application? A. Change must be initialed by the agent B. Change must be initialed by the applicant C....

XCEL CHAPTER 11 -EXAM QUESTIONS AND ANSWERS GRADED A+ If there is suspicion of an unauthorized person engaging in insurance business without being licensed. When may the commissioner issue an emergency cease and desist order? Reviewing and approving license applications Which of the following is a duty of the commissioner? The licensee's total premiums on controlled business exceeded the total premiums on all other business. A license is deemed to be used for controlled business if duri...

XCEL CHAPTER 12 ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS AND VERIFIED ANSWERS GRADED A+ All of the following doctors provide primary care to health insuring corporation (HIC) members EXCEPT? A. Internists B. Surgeons C. General practitioners D. Pediatricians Surgeons Donna and Mary were racing bicycles in a store parking lot while being cheered on by fellow employees. Mary ran into John, another employee, who happened to be taking out the garbage. Both Mary and John are injured. Wh...