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Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam Questions and Answers 100% Pass

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Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam Questions and Answers 100% Pass When can a policy owner change a revocable beneficiary? - Correct Answer ️️ - Anytime 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? - Correct Answer ️️ -Revocable How would a contingent beneficiary receive the policy proceeds...

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Xcel Solutions Property & Casualty Exam Questions and Answers

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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...

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Xcel Final Exam 2024 Questions and Answers 100% Pass

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Xcel Final Exam 2024 Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer ️️ -Social Security The focus of major medical insurance is providing coverage for - Answer ️️ -medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Answer ️️ -$200 because this policy has a zero deductib...

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Xcel Solutions Final Exam 2024 Questions and Answers

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Xcel Solutions Final Exam 2024 Who does a life settlement broker represent? - Answer ️️ -Individual wanting to sell their life policy to a third party What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state? - Answer ️️ -Admitted Most U.S. life insurance companies belong to the - Answer ️️ -Medical Information Bureau Which of the following healthcare providers provide both the healthcare services and healthcare ...

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Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions)

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Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions) Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer ️️ -home health care Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her health policy most likely contains a(n) - Answer ️️ -deductible When a producer submits an insurance applicaton, the application is REQ...

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North Carolina XCEL Testing Life & Health Insurance Exam Study Guide 2024 with complete solution

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North Carolina XCEL Testing Life & Health Insurance Exam Study Guide 2024 with complete solution Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated: - Answer ️️ -1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer ️️ -Treaty What is the name of the law that requires insurers to disclose information gathering practices and...

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Xcel Laws and Rules Pertinent to Insurance Exam 2024 with complete solution

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Xcel Laws and Rules Pertinent to Insurance Exam 2024 with complete solution What must an agent sign when an existing Life Insurance policy is being reissued with a reduction in cash value? Policy Summary Buyer's Guide Affidavit Notice Regarding Replacement of Life Insurance or Annuity - Answer ️️ -Notice Regarding Replacement of Life Insurance or Annuity Which of these circumstances requires an agent to make reasonable efforts to obtain information concerning the suitability of an...

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Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions and Answers 2024 with complete solution

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Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions and Answers 2024 with complete solution 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 - Answer ️️ -The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial a...

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XCEL Life and Health Insurance Test Review 2024 with complete solution

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XCEL Life and Health Insurance Test Review 2024 with complete solution Period Certain - Answer ️️ -Which annuity payout option allows the policy owner to choose a pre-determined number of benefit payments? Life only annuity - Answer ️️ -Which annuity payout option has no additional payouts regardless of when the annuitant dies Errors and Omissions - Answer ️️ -a professional liability for which producers can be sued for mistakes of putting a policy into effect irrevocable ben...

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