Xcel chapter 2 - Study guides, Class notes & Summaries

XCEL all chapter final exams/ insurance part 2 2024 Insurance Questions and Answers A policyholder has a major medical plan with a 80%/20% coinsurance and a deductible of $75. If the insured has previously met her deductible and receives a bill for $175, how much will the insurer pay? - ANS $140 The conversion privilege under a group life plan allows an employee to convert to a(n) - ANS individual plan upon employment termination The suicide clause of a life insurance policy states ...

XCEL Chapter 2 - Nature of Insurance Exam Practice Questions and Answers (100% Pass) How do insurers predict the increase of individual risks? - Answer️️ -Law of large numbers Which of the following is considered to be an event or condition that increases the probability of an insured's loss? - Answer️️ -Hazard An example of risk sharing would be - Answer️️ -Doctors pooling their money to cover malpractice exposures All of the following are examples of pure risk EXCEPT? - An...

XCEL all chapter final exams/ insurance part 2 2024 Insurance Questions and Answers A policyholder has a major medical plan with a 80%/20% coinsurance and a deductible of $75. If the insured has previously met her deductible and receives a bill for $175, how much will the insurer pay? - ANS $140 The conversion privilege under a group life plan allows an employee to convert to a(n) - ANS individual plan upon employment termination The suicide clause of a life insurance policy states ...

Excel Chapter 2: End-of-Chapter Quiz with Verified Answers Function A predefined formula that adds all the numbers in a selected range. Statistical functions Excel functions, such as AVERAGE, that are useful to analyze a group of measurements SUM function A predefined formula that adds all the numbers in a selected range. AVERAGE function An Excel function that adds a group of values and then divides the result by the number of values in the group MEDIAN function An Excel function that finds...

Washington Laws And Rules Pertinent To Insurance XCEL All Chapter Final Exams/ Insurance Part 2 Questions And Answers With Verified Solutions Already Passed!!!

XCEL CHAPTER 11 - LAWS AND RULES EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. This agreement is called a(n) Correct Answer: appointment what kind of insurance provides coverage for one or more necessary or appropriate diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal ca...

XCEL CHAPTER 4: LIFE INSURANCE POLICIES - PROVISIONS, OPTIONS AND RIDERS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which statement regarding whole life insurance is accurate? Correct Answer: Insurance coverage can continue for life When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for Correct Answer: Ten year term insurance for a person aged 55 When would evidence of insurability be r...

XCEL Chapter 10 Exam Questions with Answers Which of the following is NOT a federal requirement of a qualified plan? A. Must benefit a broad cross-section of employees B. Employee must be able to make unlimited contributions C. Vesting schedule must be defined D. Employer establishes the plan - Answer-Employee must be able to make unlimited contributions Which of the following employers is required to follow ERISA regulations? A. A local government with 150 employees B. A church with 3...

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...