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XCEL Chapter 7 Test Questions with Correct Answers (1)
- Exam (elaborations) • 3 pages • 2024
- Available in package deal
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- $12.29
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XCEL Chapter 7 Test Questions with Correct Answers (1) 
 
When does a life insurance policy typically become effective? A. When the policy is issued 
B. When initial premium is collected and policy is issued C. When the application is completed and signed 
D. When the completed application is signed and initial premium is collected - Answer- When initial premium is collected and policy is issued 
 
What is the purpose of the Medical Information Bureau (MIB)? 
 A. To accept or decline insurance a...
-
XCEL Chapter 7 Test Questions with Correct Answers
- Exam (elaborations) • 3 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
XCEL Chapter 7 Test Questions with Correct Answers 
When does a life insurance policy typically become effective? A. When the policy is issued 
B. When initial premium is collected and policy is issued C. When the application is completed and signed 
D. When the completed application is signed and initial premium is collected - Answer- When initial premium is collected and policy is issued 
 
What is the purpose of the Medical Information Bureau (MIB)? 
 A. To accept or decline insurance applica...
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