Xcel insurance Study guides, Class notes & Summaries

Xcel Solutions Final Exam(California Life, Accident, and Health Insurance Final exam questions and answers)2023

Xcel Solutions Property & Casualty Exam Questions and Answers 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 o...

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

Xcel solutions final exam Maryland Life and health questions and answers 100% pass 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 to be a(n) Warrant...

Xcel Insurance Licensing exam COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS

Xcel Life Insurance Exam Actual Test Questions and Answers with complete solution Replacement regulation is designed to protect Answers>> Policyowners from mirepresentation and loss of benefits All Health Benefit Plans issued after January 1, 2014 must provide Answers>> Preventative health services Which of these will have the highest monthly payout upon annuitization Answers>> Straight life Which of the following is included in the entire contract according t...

Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam complete Questions and Answers When can a policy owner change a revocable beneficiary? M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? What is the un...

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Questions with complete solution 2023 Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - correct answer Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? - correct answer 24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During the c...