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XCEL SOLUTIONS - FINAL EXAM PREP 2024/2025 with 100% correct answers K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? - Daughter When is a Group Health policy required to provide coverage for a newborn child? - At the moment of birth What is the required renewability status of all Medicare supple...

XCEL SOLUTIONS - FINAL EXAM PREP 2024/2025 with 100% correct answers

Xcel Solutions Property & Casualty EXAM PREP 2024/2025 with 100% correct answers An earned premium resulting from the cancellation of a policy is calculated on: - 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: - Excess Direct Coverage An insurance company writing business in a state other than the one in whic...

XCEL Solutions practice Simulator EXAM PREP 2024/2025 with 100% correct answers All proceeds are income tax free in the year they are received. - Which of the following statements is CORRECT regarding the tax treatment of a lump-sum payment paid to a life insurance policy's primary beneficiary? Alien - A(n) _____ insurance company is one formed in a country other than the United States. Expires at the end of the policy period. - Term insurance has which of the following characteristics? F...

XCEL Solutions practice Simulator EXAM PREP 2024/2025 with 100% correct answers correct answers All proceeds are income tax free in the year they are received. - Which of the following statements is CORRECT regarding the tax treatment of a lump-sum payment paid to a life insurance policy's primary beneficiary? Alien - A(n) _____ insurance company is one formed in a country other than the United States. Expires at the end of the policy period. - Term insurance has which of the following ch...

XCEL Solutions Practice EXAM PREP 2024/2025 with 100% correct answers

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Xcel solutions final EXAM PREP 2024/2025 with 100% correct answers

Xcel solutions final exam Maryland Life and health EXAM PREP 2024/2025 with 100% correct answers What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? - A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a - Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered ...

XCEL Solutions - Social Security Review EXAM PREP 2024/2025 with 100% correct answers