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XCEL North Carolina Laws and Rules Questions and Answers Rated A+
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XCEL North Carolina Laws and Rules
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XCEL North Carolina Laws and RulesWhich of the following is NOT an unfair claim settlement practice? - answer Needing
written documentation of claim details
Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was
then issued and served a statement of charges and notice of hearing by the
Commissioner of Insurance. Z's hearing date must be at least ____ days after service of
charges. - answer10
K sent a renewal premium payment to her insurer that would extend her coverage
beyond the policy's maximum age limit. If the insurer accepts this premium payment, it: -
answerMust continue the coverage to the end of the period of time for which the
premium was accepted
The Commissioner of Insurance has notified an insurer that an Individual Health Policy
form does not comply with North Carolina laws. The insurer may: - answerNot issue the
form in connection with any new application
In North Carolina, which of the following MUST be delivered to a policyowner upon the
sale of an individual life insurance policy? - answerA Policy Summary and Buyer's
Guide
S is a life insurance policyowner and enters into a written agreement to receive
immediate cash in exchange for the sale and transfer of her life insurance policy. This
agreement is referred to as a(n): - answerViatical Settlement
In North Carolina, an agent obtains his/her license from the: - answerCommissioner of
Insurance
An agent inducing an insured to lapse, forfeit, or surrender insurance through
misrepresentation is committing the illegal act of: - answerTwisting
Industrial health insurance is a form of health insurance that: - answerAll of the above;
Have a minimum grace period of 4 weeks for additional death benefit premium, have a
maximum of 2 years incontestability provision of the death benefit, and have a
noncacellable death benefit unless due to nonpayment of premium
An eligible employee has a MAXIMUM of ____ days after their first day of employment
to be added to group health coverage. - answer90
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