Exam (elaborations) XCEL Exam Questions with Complete Solutions (2) 2 Exam (elaborations) XCEL Chapter 11 Exam Questions with Correct Answers (1) 3 Exam (elaborations) XCEL Chapter 10 Exam Questions with Answers (1) 4 Exam (elaborations) XCEL Chapter 7 Test Questions with Correct Answers (1) 5 ...
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Xcel chapter 3 Exam Questions and Answers All Correct (1) Ambiguities in an insurance policy are always resolved in favor of the - Answer-insured The authority granted to a licensed producer is provided via the - Answer-law of agency is NOT an element of a valid contract. - Answer-countersig...
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Add to cartXcel chapter 3 Exam Questions and Answers All Correct (1) Ambiguities in an insurance policy are always resolved in favor of the - Answer-insured The authority granted to a licensed producer is provided via the - Answer-law of agency is NOT an element of a valid contract. - Answer-countersig...
XCEL Chapter 3 Test Questions with Correct Answers (1) Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose - Answer-Legal purpose In an insurance contract, the element that shows each party is giving someth...
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Add to cartXCEL Chapter 3 Test Questions with Correct Answers (1) Which contract element is insurable interest a component of? A. Competent parties B. Offer and acceptance C. Consideration D. Legal purpose - Answer-Legal purpose In an insurance contract, the element that shows each party is giving someth...
XCEL Chapter 4 ExaDonald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this ride...
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Add to cartXCEL Chapter 4 ExaDonald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this ride...
XCEL Chapter 5 Test with Compete Solutions (2) A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - Answer-adverse selection All of the following are characteristics of a Group Life Insura...
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Add to cartXCEL Chapter 5 Test with Compete Solutions (2) A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - Answer-adverse selection All of the following are characteristics of a Group Life Insura...
XCEL Chapter 7 Test Questions with Correct Answers (1) When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed...
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Add to cartXCEL Chapter 7 Test Questions with Correct Answers (1) When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed...
XCEL Chapter 10 Exam Questions with Answers (1) Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D. Employer establishes the ...
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Add to cartXCEL Chapter 10 Exam Questions with Answers (1) Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D. Employer establishes the ...
XCEL Chapter 11 Exam Questions with Correct Answers (1) What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit t...
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Add to cartXCEL Chapter 11 Exam Questions with Correct Answers (1) What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit t...
XCEL Exam Questions with Complete Solutions (2) An insurance company that has been denied or not yet applied for a Certificate of Authority is called - Answer-Unauthorized When determining whether an annuity is suitable for a client, the producer should ask about which of the following? - Answer...
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Add to cartXCEL Exam Questions with Complete Solutions (2) An insurance company that has been denied or not yet applied for a Certificate of Authority is called - Answer-Unauthorized When determining whether an annuity is suitable for a client, the producer should ask about which of the following? - Answer...
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