XCEL NORTH CAROLINA LAWS AND RULES EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS GRADED A+
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Course
XCEL
Institution
XCEL
XCEL NORTH CAROLINA LAWS AND RULES EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS GRADED A+
Which of the following is NOT an unfair claim settlement practice?
Needing written documentation of claim details
Z is an agent who violated the Insurance Information and Privacy Protection Act. Z was th...
Which of the following is NOT an unfair claim settlement practice?
Needing written documentation of claim details
Z is an agent who violated the Insurance Information and Privacy Protection Act.
Z was then issued and served a statement of charges and notice of hearing by the
Commissioner of Insurance. Z's hearing date must be at least ____ days after
service of charges.
10
K sent a renewal premium payment to her insurer that would extend her coverage
beyond the policy's maximum age limit. If the insurer accepts this premium
payment, it:
Must continue the coverage to the end of the period of time for which the premium was
accepted
The Commissioner of Insurance has notified an insurer that an Individual Health
Policy form does not comply with North Carolina laws. The insurer may:
Not issue the form in connection with any new application
In North Carolina, which of the following MUST be delivered to a policyowner
upon the sale of an individual life insurance policy?
A Policy Summary and Buyer's Guide
, S is a life insurance policyowner and enters into a written agreement to receive
immediate cash in exchange for the sale and transfer of her life insurance policy.
This agreement is referred to as a(n):
Viatical Settlement
In North Carolina, an agent obtains his/her license from the:
Commissioner of Insurance
An agent inducing an insured to lapse, forfeit, or surrender insurance through
misrepresentation is committing the illegal act of:
Twisting
Industrial health insurance is a form of health insurance that:
All of the above; Have a minimum grace period of 4 weeks for additional death benefit
premium, have a maximum of 2 years incontestability provision of the death benefit, and
have a noncacellable death benefit unless due to nonpayment of premium
An eligible employee has a MAXIMUM of ____ days after their first day of
employment to be added to group health coverage.
90
XYZ Insurance Company would like to begin conducting business in North
Carolina. Before XYZ can issue or deliver a Health policy, the form, classification
of risks, and premium rates MUST be filled with the:
Commissioner of Insurance
Life and Health Insurance Guaranty Association in North Carolina has regulations
that apply ONLY to:
Life and Health policies issued by companies authorized in North Carolina
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