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Additional items test long-term care, autopsy exceptions, and eligible medical expenses.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/xcel-final-exam-question-and-answer-key/447168/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/xcel-final-exam-question-and-answer-key/447168.png","ImageObject",300,407,{"name":42,"@type":43},"Elsa","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-03","2026-09-29",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What does the waiting period in a Group Health policy allow the insurer to do?","Question",{"text":62,"@type":63},"It allows the insurer to delay coverage for a covered sickness for a specified number of days after the policy’s effective date.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How does the automatic premium loan provision work?",{"text":67,"@type":63},"Its purpose is to keep the policy from lapsing by providing a source of revenue so coverage can continue.",{"name":69,"@type":60,"acceptedAnswer":70},"When can an autopsy be performed for an Accidental Death and Dismemberment policy?",{"text":71,"@type":63},"An autopsy can be performed in all listed situations except when applicable state laws prevent it, which takes precedence.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},447168,1791019472,{"code":4,"msg":81,"data":82},"success",[83,87,91,94,99,104,109,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":92,"slug":93},70,"exam",{"id":95,"doc_module":4,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},5,"Comic",60,"comic",{"id":100,"doc_module":4,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},6,"Technology",50,"technology",{"id":105,"doc_module":4,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},7,"Healthcare",40,"healthcare",{"id":110,"doc_module":4,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},8,"Research & Report",30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":95,"slug":129},19,"General","general",{"code":4,"msg":81,"data":131},{"doc_id":78,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":22,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":139,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":145},137455077381,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","Xcel Final Exam  \nQuestion 1  \nWhich of the following reimburses its insureds for covered medical expenses? Health maintenance organizations  \nPreferred provider organizations  \nCommercial insurers Service providers  \nThe correct answer is \"Commercial insurers\". Commercial insurance companies function on the reimbursement approach. Policyowners obtain medical treatment from whatever source they feel is most appropriate and submit their charges to their insurer for reimbursement  \nQuestion 2  \nThe provision in a Group Health policy that allows the insurer to postpone coverage for a covered illness 30 days after the policy's effective date is referred to as the  \nGrace Period Waiting Period Postponement Period Elimination Period  \nThe correct answer is \"Waiting Period\" . The waiting period in a Group Health policy gives an insurance company the rights to delay coverage for a covered sickness for a specified number of days after the effective date of the policy.  \nQuestion 3  \nWhich of the following statements is NOT CORRECT about the Commissioner of Insurance? The Commissioner must be elected in a general election  \nThe Commissioner is authorized to conduct the activities of the Texas Department of Insurance (TDI)  \nThe Commissioner may be a former employee of the Texas Department of Insurance (TDI)  \nThe Commissioner must serve as chief executive and administrator officer of the Texas Department of Insurance  \nThe correct answer is \"The Commissioner must be elected in a general election\" . This is inaccurate. The governor appoints the Commissioner to a two-year term.  \nQuestion 4  \nThe automatic premium loan provision is designed to provide a source of revenue to the insurance company avoid a policy lapse  \nallow a policyowner to request a policy loan  \nallow a policyowner to take out additional coverage without evidence of insurability  \nThe correct answer is \"avoid a policy lapse\". The purpose of the automatic premium loan is to keep the policy from lapsing.  \nQuestion 5  \nT and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death benefit will the mother receive?  \n$1,000,000  \n$500,000  \n$250,000  \n$0  \nCorrect. The mother receives $0 because T is still alive and the sole primary beneficiary, while the mother is still the contingent beneficiary.  \nQuestion 6  \nAccording to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options?  \nAnnually Semiannually Quarterly Monthly  \nCorrect. The time of payment for claims is usually specified in different policies as 60 days, 45 days, or 30 days. However, if the claim involves disability income benefits, the benefits must be paid not less frequently than monthly.  \nIn Texas, a domestic insurance company is defined as a company that  \nemploys Texas residents agents only maintains a full service branch office in Texas is incorporated and formed in Texas is licensed to issue Homeowners policies only  \nCorrect. In Texas, a domestic insurance company is defined as a company that is incorporated and formed in Texas.  \nQuestion 8  \nA life insurance illustration is NOT required to include the name of the insurer  \nunderwriting or rating classification upon which the illustration is based initial death benefit  \ncompany's mortality table  \nCorrect. A life insurance illustration is NOT required to include the company's mortality table.  \nQuestion 9  \nA Health Maintenance Organization (HMO) may issue an Evidence of Coverage form after it has been approved by the  \nState Board of Health HMO's Board of Directors Commissioner of Insurance State HMO Association  \nCorrect. A Health Maintenance Organization (HMO) may issue an Evidence of Coverage form after it has been approved by th","cbCaibO8TmJCzXL9","https://ap.wps.com/l/cbCaibO8TmJCzXL9","pdf",248133,48,"English","# Questions\n## Key insurance concepts and answer selections","[{\"question\":\"What does the waiting period in a Group Health policy allow the insurer to do?\",\"answer\":\"It allows the insurer to delay coverage for a covered sickness for a specified number of days after the policy’s effective date.\"},{\"question\":\"How does the automatic premium loan provision work?\",\"answer\":\"Its purpose is to keep the policy from lapsing by providing a source of revenue so coverage can continue.\"},{\"question\":\"When can an autopsy be performed for an Accidental Death and Dismemberment policy?\",\"answer\":\"An autopsy can be performed in all listed situations except when applicable state laws prevent it, which takes precedence.\"}]","Xcel Final Exam - Question and Answer Key | PDF",1790719107,121]