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XCEL South Carolina Life and Health Insurance EXAM QUESTIONS Exam Prep Questions And Answers ()
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XCEL South Carolina Life and Health Insurance EXAM QUESTIONS Exam Prep Questions And Answers ()
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XCEL Health/Life OHIO Exam Prep Questions And Answers (202472025)Which life Insurance policy allows partial surrender? - ✔✔Universal Life
An agents appointment may be terminated by? - ✔✔The Insurer
An applicants character & personally habits can be obtained for underwriting purposes from which
source? - ✔✔Investigate Consumer Report
Which one of these would not be a presumptive disability? - ✔✔The loss of an arm or a leg, the
loss of just one limb is not considered presumptive disability
Disability Income Plans which require the insurer never alter premium rates are considered? -
✔✔Non-cancellable
What part of the insurance policy are the benefits in? - ✔✔Declarations
What happens if the insurer discovers that the insured's age was accidentally misstated on an
application for an individual life insurance policy? - ✔✔Benefits will be calculated according to
how much coverage the premium paid would have purchased for the correct ageBenefits will be
calculated according to how much coverage the premium paid would have purchased for the
correct age.
Under law, the agreement between an insurance producer and insurer under which the insurance
producer, for compensation, may sell, solicit, or negotiate policies issued by the insurer is defined
as - ✔✔An appointment
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing
home options would best serve him? - ✔✔Assisted Living
Mark continues working after the age of 65 and is covered through his employer's group health
plan. Which of the following statements is TRUE? - ✔✔Medicare is the secondary payerIf an
, individual continues to work after the age of 65 and keeps the group plan, primary coverage comes
from the group insurance plan and Medicare is considered the secondary payer.
A whole life policy option where extended term insurance is selected is called a(n) -
✔✔nonforfeiture option A nonforfeiture provision in a whole life policy that uses cash value to
purchase term insurance equal to the existing amount of life insurance is called the extended term
option.
An agent has committed an insurance crime that violated US Code (interstate commerce). Who
would be responsible for the prosecution of this crime? - ✔✔US Attourney General
An agent's appointment has been terminated by the insurer. The insurer must then notify the
superintendent within _______ days of the termination. - ✔✔30 Days
An insurance company has just received a request for verification from a viatical settlement
provider. The insurer is required to respond within ________ calendar days to this request. - ✔✔30
Days
What can an annuity not be rolled over to? - ✔✔Life Insurance
The first payment for newborn accident and health coverage is due ______days after the birth. -
✔✔31 days after birth
All of these are considered forms of advertising EXCEPT: - ✔✔An insurers AM best rating
Long-Term Care policies or certificates issued in Ohio are required to have: - ✔✔Non-forfeiture
Value
A life insurance applicant in Ohio may backdate the application for up to _____ month(s). - ✔✔3
Months
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