Course:
XCEL
Institution:
XCEL
XCEL Test Solutions Test Correctly Answered Latest Update
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✅ Prepared for 2025/2026 test cycle
Uploaded on: | May 8, 2025 |
Last updated: | May 12, 2025 |
Number of pages: | 11 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
Tags: | XCEL Test Solutions Test Correctly Answered Latest Update |
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Bundle for XCEL Life Insurance Solutions EXAMS Q&A Latest Update 2025-2026
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XCEL Test Solutions Test | Q&A Latest 2025/2026 | 100% PASS What is a participating life insurance policy/ - Answer -Contract that allows the policyowner to receive a share of surplus in the form of policy dividends An insurer owned by its policyholders is called a - Answer -Mutual insurer An insurer enters into a contract with a third party to insure itself against losses from insurance policies it issues. What is this agreement called? - Answer -reinsurance which type of insurance is it where the insurer transfers loss exposures from policies written for its insureds - Answer -reinsurance which is not a characteristic of reinsurance? - Answer -increases the unearned premium reserve a participating company is also referred to as which type of insurer? Answer -mutual insurer when a mutual insurer becomes a stock company, the process is called... - Answer -Demutualization which is a contract that involves one party which indemnifies another when a loss arises from an unknown event? - Answer -insurance policy one important function of an insurance company is to identify and sell to potential customers. Best description...? - Answer -marketing
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Bundle for XCEL Life Insurance Solutions EXAMS Q&A Latest Update 2025-2026
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