Xcel test solutions - Study guides, Class notes & Summaries

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...

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 which it is domiciled is called: - a Foreign Y is running a home daycare out of their ho...

Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial amount of the dividends.

A partial surrender is allowed in which of the following life policies?Universal life All of the following riders can increase the death benefit amount EXCEPTWaiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is calledConditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within the past year. When applying for health insurance, the heart disease tre...

What is a participating life insurance policy/ Contract that allows the policyowner to receive a share of surplus in the form of policy dividends An insurer owned by its policyholders is called a Mutual insurer An insurer enters into a contract with a third party to insure itself against losses from insurance policies it issues. What is this agreement called? reinsurance which type of insurance is it where the insurer transfers loss exposures from policies written for its insureds reins...

XCEL FL TEST STUDY GUIDE WITH COMPLETE SOLUTIONS Which of the following types of health coverage frequently uses a deductible? - Answer️️ -Major Medical policy What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? - Answer️️ -Irrevocable beneficiary If a 10-Year Term Life policy contains a Renewability provision, the policy will renew - Answer️️ -without evidence of insurability Under Flori...

XCEL SOLUTIONS PROPERTY & CASULTY TEST 150 QUESTIONS WITH 100% CORRECT ANSWERS VERIFIED LATEST UPDATE 2024

Xcel Solutions Pennsylvania Insurance Final Test Actual Exam with Questions and Answers (2024 / 2025) 100% Guarantee Pass