100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Xcel solutions final exam questions and answers CA$19.59   Add to cart
Quickly navigate to
Preview
  2.  
  3. Xcel
  4.  
  5. Xcel

Exam (elaborations)

Xcel solutions final exam questions and answers

1 review
 367 views  1 purchase
  • Course
  • Xcel
  • Institution
  • Xcel

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. Durin...

[Show more]

Preview 3 out of 19  pages

Document information

  • March 3, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • xcel solutions final exam

Written for

  • Xcel
  • Xcel

1  review

review-writer-avatar

By: melissaangelfaithn1 • 6 months ago

reply-writer-avatar

By: EmilyCharlene • 6 months ago

Customer Satisfaction is My Top Priority and it's incredibly rewarding to know i have met your expectations ! Best regards, EmilyCharlene.

Seller

avatar-seller
EmilyCharlene

Reviews received

Content preview

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ✔️✔️-
Insuring The investment gains from a universal life policy usually go to - Answer ✔️✔️-The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ✔️✔️-Adjust the death benefit to a reduced amount An employee is covered under a company group life plan with a $50,000 death benefit. What is the Maximum amount a spouse may be insured for under this program - Answer ✔️✔️-$25,000 M is insured under a basic hospital/surgical expense policy. A physician performs surgery on M. What determines the claim M is eligible for - Answer ✔️✔️-Determined by the terms of the policy A(n)__ -_-_-_-_-_-_-_ beneficiary may be changed by the policy owner without the consent of the beneficiary - Answer ✔️✔️-Revocable What is the MINIMUM benefit period that must be offered by a long term care policy - Answer ✔️✔️-12 months To terminate an agent's appointment, an insurance company must - Answer ✔️✔️-Send termination notice to the Texas Department of Insurance An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. When will the policy become effective? - Answer ✔️✔️-When the conditions of the receipt are m et Which of the following costs would a Basic Hospital/Surgical policy cover? - Answer ✔️✔️-
Surgically removing a facial birthmark Which of the following statements is CORRECT about an agent who is taking an insurance application - Answer ✔️✔️-The agent sh ould have the applicant initial any changes made on the application Which statement is true about a whole life policy - Answer ✔️✔️-Cash value may be borrowed against How long does an insurance company appointment remain in force - Answer ✔️✔️-Until termin ated Which of the following statements about health coverage for newborns is NOT true? - Answer ✔️✔️-Coverage is LIMITED to only congenital defects Medicare Part A and Part B do NOT pay for - Answer ✔️✔️-Dental care An insurance company receives E's applic ation for an individual health policy. E did not complete all of the medical history questions because she could not remember the exact dates. E signed the policy and submitted it to the insurance company anyway. A few weeks later, E suffers a heart attack and is hospitalized without completing the medical history questions and paying the initial premium. E is not insured. Which of the following clauses details the conditions that E did not meet? - Answer ✔️✔️-Consideration clause The percentage of an indiv iduals primary insurance amount determines the benefits paid in which of the following programs - Answer ✔️✔️-Social Security Disability Income Q is severely injured in an automobile accident and becomes totally disabled. How many months must Q be disabled before being able to apply for Social Security disability benefits? - Answer ✔️✔️-5 months After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms - Answer ✔️✔️-File written proof of loss Which of the following typ es of care is typically not covered in a long term care policy - Answer ✔️✔️-acupuncture Which of these does not constitute policy delivery - Answer ✔️✔️-Policy issued with a rating Which type of plan normally includes hospice benefits - Answer ✔️✔️-Manage d care plans Non-occupational disability coverage is designed for - Answer ✔️✔️-Employees who suffer non work related disabilities, since work related disabilities are covered by workers compensation A policy of adhesion can only be modified by whom - Answ er ✔️✔️-The insurance company G is an accountant who has ten employees and is concerned about how the business would survive financially if G became disabled. The type of policy which best addresses this concern is: - Answer ✔️✔️-Business overhead expense An architecture firm would stand to lose a lot of money in the event of the death of its project manager. Which type of policy should the firm purchase - Answer ✔️✔️-Key person life policy A new general property and casualty licensee must complete at LEAST ____ hours of continuing education within 24 months of initial licensure - Answer ✔️✔️-24 Which of the following groups may not be insured by a group life insurance policy - Answer ✔️✔️-Individuals who are related by blood In Texas, which of these stateme nts regarding the suicide clause is true - Answer ✔️✔️-An insurer may not use suicide as a defense against payment after the second year Why is an applicants signature required on a life insurance application - Answer ✔️✔️-To attest that the statements on the application are accurate to the best of the applicant's knowledge The phrase "transacting business" includes - Answer ✔️✔️-Collecting premiums Which of these arrangements allows one to bypass insurance interest laws? - Answer ✔️✔️-
Investor -Originated Life Insurance With whom may an agent legally share commissions? - Answer ✔️✔️-Another agent with the same Line of insurance An agent take s an individual disability income application, collects the premium, and issues the prospective insured conditional receipt. The next step the insurance company will take is to: -

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 EmilyCharlene. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$19.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$19.59  1x  sold
  • (1)
  Add to cart