Xcel chapter 1 - Study guides, Class notes & Summaries

XCEL Chapter 1 Exam Review Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass

XCEL Chapter 11 Chapter Exam 1. Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Afterwards, she deposited the check into a personal checking account. Maria committed what crime? ️ Fraud 2. Making a statement that is false and maliciously critical of the financial condition of the insurer is known as: ️ Defamation 3. Which of the following statements is true about an insurer's right ...

XCEL Chapter 11 - Laws and Rules Exam Questions with Solutions

1) A spreadsheet A) is the core of a slide presentation. B) is an electronic file that is used to write text and graphics on the web. C) is an electronic file that contains a grid of columns and rows for related data. D) is another word for a letter written on a computer. Answer: C 2) A spreadsheet PROGRAM is defined as A) a software application used to create and modify spreadsheets. B) a software application used to create and modify text-based documents. C) a software applicati...

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 Chapter 11 - Laws and Rules questions and answers

XCEL Chapter 1 Exam Review 2024 Questions and Answers Stock insurer - Correct Answer ️️ -A non-participating company is also called Insurance policy - Correct Answer ️️ -Contract that involves one party which indemnifies another when a loss arises from an unknown event Mutual - Correct Answer ️️ -A type of insurer that is owned by its policy owners is called Because dividends are considered to be a return of premium - Correct Answer ️️ -Why are dividends from a mutual ins...

XCEL Chapter 11 Exam Questions with Correct 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 the premiu...

XCEL Chapter 11 Montana laws and rules with 100- correct answers.

XCEL Chapter 1 Exam Review 2024 Questions and Answers 100% Pass A non-participating company is also called - Correct Answer ️️ -Stock insurer Contract that involves one party which indemnifies another when a loss arises from an unknown event - Correct Answer ️️ -Insurance policy A type of insurer that is owned by its policy owners is called - Correct Answer ️️ - Mutual Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - Because dividends...