Xcel chapter 10 - Study guides, Class notes & Summaries

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...

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XCEL CHAPTER 10 EXAM QUESTIONS WITH COMPLETE SOLUTIONS CERIFIED GRADED A+ 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 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 employ...

XCEL Chapter 10 Exam Questions with Answers (1) 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 ...

An insurance producer is BEST described as someone who A) sells, solicits, or negotiates insurance contracts for compensation on be behalf of a client B) sells, solicits, or negotiates insurance contracts for compensation on behalf of an insurer C) offers to examine any policy (for a fee) for the purpose of giving advice or recommendations D) Investigates insurance claims to determine the extent of the insurer's liability - ANSWER-B) sells, solicits, or negotiates insurance contracts for ...

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...

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

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 insurer not subject to taxation? Participating life insurance policy - correct an...

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...