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XCEL LIFE INSUARANCE EXAM / LATEST CALIFORNIA LIFE INSUARANCE EXAM ACTUAL EXAM QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) NEWEST EXAM 2024 |GUARANTEED PASS. (BRAND NEW!!) $17.99   Add to cart

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XCEL LIFE INSUARANCE EXAM / LATEST CALIFORNIA LIFE INSUARANCE EXAM ACTUAL EXAM QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) NEWEST EXAM 2024 |GUARANTEED PASS. (BRAND NEW!!)

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XCEL LIFE INSUARANCE EXAM / LATEST CALIFORNIA LIFE INSUARANCE EXAM ACTUAL EXAM QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) NEWEST EXAM 2024 |GUARANTEED PASS. (BRAND NEW!!)

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  • November 16, 2024
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XCEL LIFE INSUARANCE EXAM / LATEST CALIFORNIA
LIFE INSUARANCE EXAM ACTUAL EXAM QUESTIONS
AND WELL ELABORATED ANSWERS (100% CORRECT
VERIFIED ANSWERS) NEWEST EXAM 2024 |
GUARANTEED PASS. (BRAND NEW!!)
Which of the following accurately describes a participating insurance policy? -
ANSWER: Policyowners may be entitled to recieve dividends

Which group is the Do Not Call Registry designed to protect? - ANSWER:
Telemarketers

A group owned insurance company that is formed to assume and spread the liability
risks of its members is known as a - ANSWER: Risk retention group

Which of the following outlines authority given to the producer on behalf of the
insurer? - ANSWER: Producer Contract

Which of the following types of insurers limits the exposures it writes to those of its
owners? - ANSWER: Captive insurer

Dividends from a mutual insurance company are paid to whom? - ANSWER:
Policyholders

Which of the following is a syndicate established by a group of insurers to share
underwriting duties? - ANSWER: Lloyd's organization

When a ceding insurer transfers a portion of its risk to an assuming insurer on a case
by case basis, this process is referred to as? - ANSWER: Falcultative reinsurance

Which of the following is an unincorporated association whose members provide
coverage for one another? - ANSWER: Reciprical

A(n) agent is an insurance agent who represents ONE insurance company - ANSWER:
Captive

A reciprical insurer typically has an administrator who manages the premiums
collected from the groups members. This administrator is called a(n) - ANSWER:
Attorney - in - fact

Dividends from a stock insurance company are normally sent to - ANSWER:
Shareholders

A stock insurance company is owned by its - ANSWER: Shareholders

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