Xcel practice chapter - Study guides, Class notes & Summaries

XCEL Chapter 1 2024 RECENT UPDATE TEST PRACTICE MOST TESTED COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

XCEL Chapter 2 2024 UPDATE MOST TESTED TEST PRACTICE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

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 6 2024 UPDATE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS MOST TESTED TEST PRACTICE TEST PRACTICE GET IT 100% RIGHT

XCEL Chapter 3 2024 UPDATE TEST PRACTICE MOST TESTED TEST PRACTICE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

XCEL Chapter 7 Review Practice Test. When does a life insurance policy typically become effective? A. When the policy is issued B. When initial premium is collected and policy is issued C. When the application is completed and signed D. When the completed application is signed and initial premium is collected - CORRECT ANSWER When initial premium is collected and policy is issued What is the purpose of the Medical Information Bureau (MIB)? A. To accept or decline insurance applican...

XCEL Chapter 11 Review Practice Test Questions & 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 th...

XCEL Chapter 2 Review Practice Test. An example of risk sharing would be? A. Adding more security to a high-risk building B. Choosing not to invest in the stock market C. Doctors pooling their money to cover malpractice exposures D. Buying an insurance policy to cover potential liabilities - CORRECT ANSWER Doctors pooling their money to cover malpractice exposures Insurance represents the process of risk? A. selection B. avoidance C. transference D. assumption - CORRECT ANSWER tr...

XCEL Chapter 5 Final Exam Practice Test. A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - CORRECT ANSWER adverse selection All of the following are characteristics of a Group Life Insurance Plan EXCEPT? A. Group underwriting B. Master contract C. Individual underwriting D. Probationary period - CORRECT ANSWER Individual underwriting What does the Group Life underwriting r...

XCEL Chapter 17 Practice Exam Questions. Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for Disability coverage? A. health of applicant B. gender of applicant C. number of children D. occupation of applicant - CORRECT ANSWER number of children Which of the following is a requirement for ANY change in an insurance application? A. Change must be initialed by the agent B. Change must be initialed by the applicant C. Change must be a...