XCEL Final Exam Practice Questions and Answers Already passed
3 views 0 purchase
Course
XCEL
Institution
XCEL
a negative reaction to prescribed medication - ANSWER-Major medical insurance will typically cover medical expenses that result from
Making the policy effective on an earlier date than the present - ANSWER-What is involved when a life insurance policy has been backdated
Pay age corrected bene...
XCEL Final Exam Practice Questions and
Answers Already passed
a negative reaction to prescribed medication - ANSWER-Major medical insurance will
typically cover medical expenses that result from
Making the policy effective on an earlier date than the present - ANSWER-What is
involved when a life insurance policy has been backdated
Pay age corrected benefits - ANSWER-What is an insurer required to do when faced
with an error made under the Misstatement of Age provision?
Limited policies - ANSWER-Low frequency diseases can be exclusively covered by
what kind of health insurance policies
ongoing inspection of accident prone individuals - ANSWER-Which of the following is
NOT an example of utilization review
irrevocable - ANSWER-Sharon is the policyowner of a $50,000 life insurance policy. Her
son Mike is the beneficiary.If Sharon MUST obtain Mike's signature in order to change
the beneficiary, what kind of beneficiary designation is this?
help pay off existing loans during periods of disability - ANSWER-Credit Accident and
Health plans are designed to
root canal - ANSWER-An example of endodontic treatment is a
After the first premium has been paid - ANSWER-When does an immediate annuity
begin making payments
care is covered - ANSWER-Maria is a PPO subscriber and received care from an out of
network provider. Which of the following is the likely result?
annuity certain - ANSWER-Maria would like an annuity that provides a guaranteed
accumulation or payout. The type of annuity she is seeking is called
Changes made by the producer - ANSWER-All of the following are included as part of a
contract in the entire contract provisions except the
Life Annuity Certain - ANSWER-Which type of annuity guarantees a stated number of
income payments, whether or not the annuitant is still alive to receive them?
, extended term - ANSWER-All of these are settlement options for life insurance policies
except
Providing claim payments to insureds under the guidelines of the insurance contract -
ANSWER-Which of these is NOT an unfair claims settlement practice
2500 - ANSWER-According to the Affordable Care Act, what is the maximum amount
an individual can contribute to a Flexible Savings Account?
The family's financial objectives if the income earner are to die or become disabled -
ANSWER-When calculating the amount of life insurance needed for an income earner,
what has to be determined when using the Needs Approach?
Assisting living facilities - ANSWER-Which of the following nursing home options would
best suit an individual who needs some nursing care and supervision but not full time
care
A person's health claim information - ANSWER-HIPAA considers which of the following
as "individually identifiable health information"?
Business overheard expense policy - ANSWER-Which type of business insurance is
meant to cover the costs of continuing to do business while the owner is disabled
employee's waiting period for coverage of a preexisting condition can be reduced under
the new employer's health plan - ANSWER-Under the HIPAA, the employee's new
Group Health Plan will verify Creditable Coverage so that the
group HMO - ANSWER-An HMO that involves a partnership of physicians and other
providers who practice out of a central facility is called a
prepare the insured to return to employment - ANSWER-A rehabilitation benefit is
intended to
Pain and suffering - ANSWER-Which of the following is NOT covered under Workers'
Compensation
drug formulary - ANSWER-a pharmacy benefit covers prescription drugs derived from a
list called
preventative health services - ANSWER-All health benefit plans issued after January 1
2014 must provide
The contract is not in force without the initial premium being paid - ANSWER-Bill the
producer is collecting the initial premium on a health policy. Which of the following is
true
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
