Xcel Testing Solutions Life And Health Insurance 215 243 Correctly Answered Questions Latest Update

which of these annuities require premium payments that vary from year to year? {Ans: flexible premium deferred annuity}A policyowner may change two policy features on what type of life insurance? {Ans: adjustable life adjustable life allows the policyowner to change to policy features: premium and face amount.}Which of the following is NOT a required provision in an accident and health insurance policy? {Ans: change of occupation the change of occupation provision is considered an OPTIONAL provision}When an insurance licensee changes his or her address under the Michigan Insurance Code, who MUST be notified? {Ans: the commissioner of the Department of Insurance and financial services (DIFS)}The time limit for filing claim disputes is addressed in which provision of an accident and health policy? {Ans: legal actions}producer commissions may NOT be paid to {Ans: licensed producers not appointed by an insurer CORRECT: licensed and appointed producers, licensed and appointed producers who are sharing commissions, non-resident producers}