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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 othe...
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Xcel Solutions IN Life Insurance Final Exam
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Xcel Solutions IN Life Insurance Final Exam 
P is a producer who is licensed in Indiana , but a resident of Michigan . In Indiana , 
P is considered to be a ( n ) __________ producer . 
nonresident . 
Why would the Insurance Commissioner issue a temporary license ? 
To allow the personal representative of a deceased producer to provide service to 
existing policyowners 
Which provision is NOT a requirement in a group life policy ? 
Accidental 
A ( n ) _________ beneficiary may be changed by th...
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Xcel Testing Solutions Life and Health Insurance Weighted Exam 150 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Xcel Testing Solutions Life and Health Insurance Weighted Exam 150 Questions with 100% Correct Answers | Verified | Latest Update 2024
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XCEL FINAL STUDY LOUISIANA LHA INSURANCE 2024 QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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XCEL FINAL STUDY LOUISIANA LHA INSURANCE 2024 QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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Xcel Solutions Final Exam 2024 with Complete Solutions.
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Xcel Solutions Final Exam 2024 with Complete Solutions. 
Insuring Which health policy clause specifies the amount of benefits 
to be paid - ANSWER Insuring 
The investment gains from a universal life policy usually go to - 
ANSWER The cash value 
L takes out a life insurance policy and dies 10 years later. During the 
claim process, the insurer finds out that the applicant misstated their 
age. What will the insurer do? - ANSWER Adjust the death benefit 
to a reduced amount 
An employee is cover...
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Xcel Solutions Final Exam 2024 with Complete Solutions.
- Exam (elaborations) • 28 pages • 2024
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Xcel Solutions Final Exam 2024 with Complete Solutions. 
Insuring Which health policy clause specifies the amount of benefits 
to be paid - ANSWER Insuring 
The investment gains from a universal life policy usually go to - 
ANSWER The cash value 
L takes out a life insurance policy and dies 10 years later. During the 
claim process, the insurer finds out that the applicant misstated their 
age. What will the insurer do? - ANSWER Adjust the death benefit 
to a reduced amount 
An employee is cover...
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Xcel Solutions Final Exam 2024 with Complete Solutions.
- Exam (elaborations) • 28 pages • 2024
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Xcel Solutions Final Exam 2024 with Complete Solutions. 
Insuring Which health policy clause specifies the amount of benefits 
to be paid - ANSWER Insuring 
The investment gains from a universal life policy usually go to - 
ANSWER The cash value 
L takes out a life insurance policy and dies 10 years later. During the 
claim process, the insurer finds out that the applicant misstated their 
age. What will the insurer do? - ANSWER Adjust the death benefit 
to a reduced amount 
An employee is cover...
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XCEL SOLUTIONS EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 6 pages • 2024
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a nonparticipating company is sometimes called a - Answer-stock insurer 
 
Fraternal Benefit Society has each other the following characteristics except - Answer-exist for profit 
 
The Fair Credit and Reporting Act's main purpose is to - Answer-protect consumers with guidelines regarding credit reporting and distribution 
 
A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the - Answer-reinsurer 
 
What kind of life insurance ...
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XCEL FINAL EXAM QUESTIONS AND ANSWERS
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____________ is NOT an element of a valid contract. - Answer-Taxable income. 
 
Disability insurance benefits from a group policy paid for by an employer is considered taxable income. 
 
"maximum benefits" refers to the - Answer-upper limit of the total lifetime benefits the insurance company will pay 
 
A business will typically use which type of life insurance to cover their employees? - Answer-Group policy 
 
A clause that allows an insurer the right to terminate coverage at any anniversary...
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XCEL FINAL EXAM QUESTIONS AND ANSWERS
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Irrevocable beneficiary - Answer-What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? 
 
Anytime - Answer-When can a policy-owner change a revocable beneficiary? 
 
Daughter - Answer-K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? 
 
0 - Answer-T an...
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XCEL SOLUTIONS - FINAL EXAM
- Exam (elaborations) • 12 pages • 2024
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K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? - Answer-Daughter 
 
When is a Group Health policy required to provide coverage for a newborn child? - Answer-At the moment of birth 
 
What is the required renewability status of all Medicare supplement policies? - Answer-Guaranteed renewable 
 
Who ...
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XCEL SOLUTIONS EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 10 pages • 2024
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A partial surrender is allowed in which of the following life policies? - Answer-Universal life 
 
All of the following riders can increase the death benefit amount EXCEPT - Answer-Waiver of Premium 
 
A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - Answer-Conditionally Renewable 
 
A proposed insured for a health insurance policy was treated for heart disease within the past year. When applying for health in...
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