XCEL North Carolina Laws and Rules Questions With 100% Correct Answers

XCEL North Carolina Laws and Rules Questions With 100% Correct Answers Which of the following is NOT an unfair claim settlement practice? - answerNeeding written documentation of claim details Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was then issued and served a statement of charges and notice of hearing by the Commissioner of Insurance. Z's hearing date must be at least ____ days after service of charges. - answer10 K sent a renewal premium payment to her insurer that would extend her coverage beyond the policy's maximum age limit. If the insurer accepts this premium payment, it: - answerMust continue the coverage to the end of the period of time for which the premium was accepted The Commissioner of Insurance has notified an insurer that an Individual Health Policy form does not comply with North Carolina laws. The insurer may: - answerNot issue the form in connection with any new application In North Carolina, which of the following MUST be delivered to a policyowner upon the sale of an individual life insurance policy? - answerA Policy Summary and Buyer's Guide S is a life insurance policyowner and enters into a written agreement to receive immediate cash in exchange for the sale and transfer of her life insurance policy. This agreement is referred to as a(n): - answerViatical Settlement In North Carolina, an agent obtains his/her license from the: - answerCommissioner of Insurance An agent inducing an insured to lapse, forfeit, or surrender insurance through misrepresentation is committing the illegal act of: - answerTwisting Industrial health insurance is a form of health insurance that: - answerAll of the above; Have a minimum grace period of 4 weeks for additional death benefit premium, have a maximum of 2 years incontestability provision of the death benefit, and have a noncacellable death benefit unless due to nonpayment of premium An eligible employee has a MAXIMUM of ____ days after their first day of employment to be added to group health coverage. - answer90