Xcel chapter 10 exam - Study guides, Class notes & Summaries

XCEL Chapter 11 Chapter Exam 1. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Afterwards, she deposited the check into a personal checking account. Maria committed what crime? ️ Fraud 2. Making a statement that is false and maliciously critical of the financial condition of the insurer is known as: ️ Defamation 3. Which of the following statements is true about an insurer's right ...

XCEL SOLUTIONS CHAPTER 3 - POLICY PROVISIONS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct? Correct Answer: 20-pay life accumulates cash value faster than straight life D owns a whole life policy that was purchased 10 years ago. If the premium paym...

XCEL Chapter 11 chapter exam Practice Questions and Answers Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Afterwards, she deposited the check into a personal checking account. Maria committed what crime? - Answer️️ -Fraud Making a statement that is false and maliciously critical of the financial condition of the insurer is known as - Answer️️ -Defamation Which of the following statements i...

XCEL Chapter 4 Questions and Answers Rated A+ John and Mary have a handicapped child that is financially dependent upon them. The death of one of the parents would not be financially disastrous, however the death of both likely would be. Which policy would be best suited for them? Second-to-die policy An insurance policy written after 1988 that fails to pass the seven-pay test is known as a modified endowment contract What is the proper order of initial life insurance premiums, from lowest to...

30 XCEL Chapter 11 Exam Questions with 100% Correct Answers Document Content and Description Below 30 XCEL Chapter 11 Exam Questions with 100% Correct Answers What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment term ination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In ...

Xcel chapter exams Questions with accurate answers. 100% proven pass rate. 2022/2023 Document Content and Description Below Xcel chapter exams Questions with accurate answers. 100% proven pass rate. 2022/2023 Which of the following is a contract that involves one party which indemnifies another when a loss arises from an unknown event? - Insurance policy Which of the following is NOT a characteristic of reinsurance? - Increases the unearned premium reserve Which of the following is an insurer ...

30 XCEL Chapter 11 Exam Questions with 100% Correct Answers What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In the event of employment termination, group health insurance can be kept if the employer pays ...

XCEL Chapter 4 questions with complete solutions 2023John and Mary have a handicapped child that is financially dependent upon them. The death of one of the parents would not be financially disastrous, however the death of both likely would be. Which policy would be best suited for them? Second-to-die policy An insurance policy written after 1988 that fails to pass the seven-pay test is known as a modified endowment contract What is the proper order of initial life insurance prem...

Xcel chapter exams Questions with accurate answers. 100% proven pass rate. 2022/2023 Which of the following is a contract that involves one party which indemnifies another when a loss arises from an unknown event? - Insurance policy Which of the following is NOT a characteristic of reinsurance? - Increases the unearned premium reserve Which of the following is an insurer established by a parent company for the purpose of insuring the parent company's loss exposures? - Captive insurer...

XCEL Chapter 11 Exam Questions with Correct Answers What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In the event of employment termination, group health insurance can be kept if the employer pays the premiu...