100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions and Answers 2024 $15.49   In winkelwagen

Tentamen (uitwerkingen)

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions and Answers 2024

 4 keer bekeken  0 keer verkocht
  • Vak
  • Xcel solution
  • Instelling
  • Xcel Solution

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions

Voorbeeld 3 van de 17  pagina's

  • 5 november 2024
  • 17
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden
  • Xcel solution
  • Xcel solution
avatar-seller
Dreamer252
Xcel Testing Solutions- Life and Health
Insurance- Weighted Exam- 150
Questions

The Do Not Call Registry offers exemptions for calls placed from all of the following
EXCEPT - answer insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from The Do
Not Call Registry

The type of policy where the insurer can send a notice to the insured that the policy has
been cancelled in the middle of the term is called - answer cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or
terminate the policy at any time, simply by providing written notification to the insured
and refunding any advance premium that has been paid.

Barbara's policy includes a rider which allows her to purchase additional insurance at
specific dates or events without evidence of insurability. This rider is called a(n) -
answer Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional insurance
at specific dates or events without evidence of insurability.

Disability Income plans which require that the insurer can NEVER change or alter
premium rates are usually considered - answer Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased
under any circumstances.

In what part of an insurance policy are policy benefits found? - answerDeclarations
Essentially, the insurance declaration page is like a quick guide to the insurance policy,
providing all of the basic information the policyholder needs to know.

What happens if the insurer discovers that the insured's age was accidentally misstated
on an application for an individual life insurance policy? - answerBenefits will be
calculated according to how much coverage the premium paid would have purchased
for the correct age
Benefits will be calculated according to how much coverage the premium paid would
have purchased for the correct age.

Health insurance will typically cover which of the following perils? - answerInjury due to
accident
Accidental injury is typically a covered peril in health insurance.

,A viatical settlement contract is an agreement between - answerA life insurance
policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and
a viatical settlement provider.

Under the Affordable Care Act, how would a grandfathered health plan lose its
grandfathered status? - answerThe insurer significantly raises co-insurance charges,
deductibles, or co-payment charges
According to the Affordable Care Act, grandfathered health plans may lose their
grandfathered status if the insurer significantly raises co-insurance charges,
deductibles, or co-payment charges

Which of these techniques will remove the risk of losing money in the stock market by
never purchasing stocks? - answerRisk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by never
investing in stocks.

Which of the following nursing home options would BEST suit an individual who needs
some nursing care and supervision but NOT full-time care? - answerAssisted living
facilities
An assisted living facility would best suit an individual who needs some nursing care
and supervision but not full-time care.

Under Louisiana 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 - answeran appointment
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 called an appointment.

Which of these would NOT be considered a presumptive disability? - answerLoss of a
leg or arm
The loss of ONE arm or a leg is NOT considered a presumptive disability.

A producer's license in Louisiana must be renewed every - answerTwo years
Producer licenses are issued for periods of 2 years.

Bill requires some nursing care and supervision but NOT full-time care. Which of these
nursing home options would best serve him? - answerAssisted living
An assisted living facility would best suit an individual who needs some nursing care
and supervision but not full-time care.

The open enrollment period for Medicare Supplements begins at age - answer65
Open enrollment for Medicare Supplements begins at the age the individual becomes
eligible for Medicare, which is typically age 65.

, 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? - answerMedicare is the
secondary payer
If 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) -
answernonforfeiture 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.

The Commissioner must examine the financial affairs of each admitted insurer operating
in Louisiana at least once every how many years? - answer5
At the very least, an admitted company shall be examined once every 5 years by the
Commissioner.

When a Medicare supplement policy is purchased during the open enrollment period -
answerthe policy must be issued regardless of health status
During open enrollment for Medicare supplements, policies will be issued regardless of
health status.

Which of the following actions may an insurance company NOT do in a health policy
that contains a guaranteed renewable premium benefit? - answerIncrease the
premiums on an individual basis
A guaranteed renewable policy CANNOT increase the premiums on an individual basis,
only on the basis of an entire classification.

A nonresident of Louisiana who has satisfied the licensing requirements for a line of
insurance in the licensee's state and who wishes to sell that line of insurance in
Louisiana, must meet all of the following requirements EXCEPT: - answerTake the
appropriate Louisiana licensing examination
A nonresident licensee from another state is not required to take a licensing
examination if they are already in good standing with their state of residence.

A life insurance policy that has premiums fully paid up within a stated time period is
called - answerlimited payment insurance
Limited payment insurance is characterized by premiums that are fully paid up within a
stated period, after which no further premiums are required.

The taxable portion of each annuity payment is calculated using which method? -
answerExclusion Ratio
The Exclusion Ratio is used to determine the taxable portion of each annuity payment.

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Dreamer252. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $15.49. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 67096 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
$15.49
  • (0)
  Kopen