Xcel solutions test - Study guides, Class notes & Summaries

XCEL Life and Health Insurance Test Review-With 100% verified solutions-2023

XCEL Chapter 5 Test with Compete Solutions A non-contributory health insurance plan helps the insurer avoid? A. adverse selection B. state compliance C. the underwriting process D. tax deductions - 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 - Answer-Individual underwriting What does the Group Life underwriting risk selection pr...

XCEL Life and Health Insurance Test Review With All Complete Solutions

Xcel Solutions Property & Casualty Complete Test Correctly Answered. An earned premium resulting from the cancellation of a policy is calculated on: - CORRECT ANSWER On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - CORRECT ANSWER Excess Direct Coverage An insurance company writing business in a state other...

Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial amount of the dividends.

XCEL Life and Health Insurance Test Review With All Complete Solutions

XCEL TESTING SOLUTIONS CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE When an insurance company requests an attending physician's report, the request must be accompanied by a - Answer ️️ -Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - Answer ️️ -Change of occupation "Life insurance creates an immediate estate". This phrase means - Answer ️️ -When the insured dies, a death...

XCEL TESTING SOLUTIONS - CALIFORNIA PRE- LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE When an insurance company requests an attending physician's report, the request must be accompanied by a - Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - Change of occupation "Life insurance creates an immediate estate". This phrase means - When the insured dies, a death benefit is paid A person who ...

XCEL CHAPTER 4 EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ 100% GUARANTEED PASS Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider? A. Can be converted to permanent coverage without evidence of insurability B. Coverage can be different for each child C. Premiums on this rider are not required until the limiting age is reached D. Increases the policy's overall cash value Can be converted to ...

XCEL TESTING SOLUTIONS CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE When an insurance company requests an attending physician's report, the request must be accompanied by a - Answer ️️ -Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - Answer ️️ -Change of occupation "Life insurance creates an immediate estate". This phrase means - Answer ️️ -When the insured dies, a death...