XCEL TESTING SOLUTIONS EXAM 2024/2025 WITH 100% CORRECT ANSWERS
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Course
XCEL
Institution
XCEL
XCEL TESTING SOLUTIONS EXAM 2024/2025 WITH 100% CORRECT ANSWERS
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XCEL TESTING SOLUTIONS EXAM 2024/2025 WITH 100%
CORRECT ANSWERS
When an insurance company requests an attending physician's report,
the request must be accompanied by a - correct answer Copy of the
signed authorization
Which of the following is NOT a required uniform provision in
individual health policies? - correct answer Change of occupation
"Life insurance creates an immediate estate". This phrase means -
correct answer When the insured dies, a death benefit is paid
A person who asserts a right of recovery under an insurance policy is
called - correct answer Claimant
Before an insurer is allowed to test an individual for HIV, what must be
completed? - correct answer Consent Form
Jim is the insured on a health insurance policy and holds 2 jobs. If
"occupation" is used to classify the risk, the insurer will most likely
classify Jim according to the occupation that - correct answer is most
hazardous
,Under a long-term care insurance policy, adult day care coverage will
provide for - correct answer part time care at a facility for elderly
individuals who live at home
Which of the following is NOT true regarding a family policy that
covers children? - correct answer Conversion of child's coverage to
permanent insurance requires evidence of insurability
How long is a person expected to be disabled in order to receive Social
Security disability benefits? - correct answer 12 months
Which of the following describes the number of deaths in a year
compared to the number of people in a select group? - correct answer
Mortality rate
Which of the following is NOT required in the content of a policy? -
correct answer Probability of loss
Jim is applying to become an insurance agent and has a past
misdemeanor conviction that was later expunged due to California Penal
Code 1203.4. Which of the following statements is correct? - correct
answer Jim must still disclose the conviction on his insurance license
application
Which of the following is a life insurance policy that does NOT require
a physical exam? - correct answer Non-medical
, The insurer has the option of terminating a health insurance policy on a
date stated in the contract. What type of policy is this? - correct answer
Optionally renewable
An individual that has 40 quarters of coverage, for Social Security
purposes, is considered to be - correct answer Fully insured
In a life insurance policy, the entire contract consists of the - correct
answer policy and attached application
Which of the following is NOT considered to be an act of insurance
solicitation? - correct answer Publishing a magazine where one of the
advertisers is an insurer
All of the following circumstances must be met for loss retention to be
an effective risk management technique EXCEPT - correct answer
Probability of loss is unknown
The importance of a representation is demonstrated in what rule? -
correct answer Materiality of concealment
Which word implies permissiveness according to the California
Insurance Code? - correct answer May
Medical expense policies will typically cover which of the following? -
correct answer Injuries caused by accidents
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