Arizona life and health insurance exam ACTUAL UPDATED Questions and
CORRECT Answers
C
Terms in this set (236)
When the disclosure of an insured's nonpublic Give notice, explain, and allow opting out
information is involved, what is the insurer obligated to
do?
Under the Telemarketing Sales Rule, telemarketing calls 9:00 PM
may NOT be received after
A health plan offered by private insurance companies is Medicare Supplement
Chris has a single major medical contract which covers all comprehensive
medical expenses. His plan is considered to be
In accident and health insurance, 60 days must pass after Bring legal action against the insurer
written proof of loss has been received by an insurer
before the insured may
When a ten year renewable term life insurance policy Ten year term insurance for a person aged 55
issued at age 45 is renewed, the premium rate will be the
current rate for
All of the following are unfair claims settlement practices An attempt to settle a claim by arbitration
except
What is covered under a limited accident and health Limited perils and amounts
insurance policy?
A life insurance policy provision that has the ability to Accelerated (living) benefit
reduce the death benefit is called
If an accident and health insurance claim form is NOT Written proof of the occurrence and extent of loss
supplied to the insured within 15 says after the notice of
claim, the insured may comply with the proof of loss
provision by submitting
How are monthly life annuity benefit payments treated Taxed as ordinary income in the year received
under a tax sheltered annuity (TSA)?
How does a continuous premium whole life policy differ The time period in which premiums will be paid
from a limited payment whole life policy?
, Which of these is an accurate statement regarding the A portion of the payments paid to the beneficiary comes from interest calculated
fixed period settlement option on a life insurance policy? on the proceeds of the policy
Under what circumstance does an accident and health When not prohibited by state law
insurer have the right to request an autopsy?
A material change in a modified endowment contract the seven pay test, adjusted for cash value, being applied again
(MEC) results in
Under an adjustable life insurance policy, which of the The person insured
following may NOT be changed without further
underwriting?
Linda is covered with long-term care insurance and has custodial care
early-stage Alzheimer's. She is still able to reside in her
home while receiving primary care, as opposed to
moving into a nursing home. All of the following long-
term benefits encourage this EXCEPT for
Employer-paid qualified long-term care insurance Excluded from the employee's gross income.
premiums are typically
Which statement regarding the certificate of insurance is Indicates evidence of an employee's insurance coverage
accurate?
Purchasing insurance is an example of risk transference
When an applicant applies for a large amount of life eye examination
insurance coverage, which of the following would likely
NOT be an underwriting requirement?
A comprehensive major medical health insurance policy Experimental and investigative services
contains an eligible expenses provision which identifies
the type of health care services that are covered. All of
the following health care services are typical covered
EXCEPT for
All of these statements concerning group credit life The face amount is determined by the outstanding loan balance
insurance are false EXCEPT
Who may terminate coverage under and cancelable insurer or insured
health insurance policy?
The interest credited to the cash values of personally- tax deferred
owned non-qualified annuities is considered
An insurer that confines or largely limits the exposures it captive
writes to those of its owners is called
Dividends from a mutual insurance company are paid to Policyholders
whom?
CORRECT Answers
C
Terms in this set (236)
When the disclosure of an insured's nonpublic Give notice, explain, and allow opting out
information is involved, what is the insurer obligated to
do?
Under the Telemarketing Sales Rule, telemarketing calls 9:00 PM
may NOT be received after
A health plan offered by private insurance companies is Medicare Supplement
Chris has a single major medical contract which covers all comprehensive
medical expenses. His plan is considered to be
In accident and health insurance, 60 days must pass after Bring legal action against the insurer
written proof of loss has been received by an insurer
before the insured may
When a ten year renewable term life insurance policy Ten year term insurance for a person aged 55
issued at age 45 is renewed, the premium rate will be the
current rate for
All of the following are unfair claims settlement practices An attempt to settle a claim by arbitration
except
What is covered under a limited accident and health Limited perils and amounts
insurance policy?
A life insurance policy provision that has the ability to Accelerated (living) benefit
reduce the death benefit is called
If an accident and health insurance claim form is NOT Written proof of the occurrence and extent of loss
supplied to the insured within 15 says after the notice of
claim, the insured may comply with the proof of loss
provision by submitting
How are monthly life annuity benefit payments treated Taxed as ordinary income in the year received
under a tax sheltered annuity (TSA)?
How does a continuous premium whole life policy differ The time period in which premiums will be paid
from a limited payment whole life policy?
, Which of these is an accurate statement regarding the A portion of the payments paid to the beneficiary comes from interest calculated
fixed period settlement option on a life insurance policy? on the proceeds of the policy
Under what circumstance does an accident and health When not prohibited by state law
insurer have the right to request an autopsy?
A material change in a modified endowment contract the seven pay test, adjusted for cash value, being applied again
(MEC) results in
Under an adjustable life insurance policy, which of the The person insured
following may NOT be changed without further
underwriting?
Linda is covered with long-term care insurance and has custodial care
early-stage Alzheimer's. She is still able to reside in her
home while receiving primary care, as opposed to
moving into a nursing home. All of the following long-
term benefits encourage this EXCEPT for
Employer-paid qualified long-term care insurance Excluded from the employee's gross income.
premiums are typically
Which statement regarding the certificate of insurance is Indicates evidence of an employee's insurance coverage
accurate?
Purchasing insurance is an example of risk transference
When an applicant applies for a large amount of life eye examination
insurance coverage, which of the following would likely
NOT be an underwriting requirement?
A comprehensive major medical health insurance policy Experimental and investigative services
contains an eligible expenses provision which identifies
the type of health care services that are covered. All of
the following health care services are typical covered
EXCEPT for
All of these statements concerning group credit life The face amount is determined by the outstanding loan balance
insurance are false EXCEPT
Who may terminate coverage under and cancelable insurer or insured
health insurance policy?
The interest credited to the cash values of personally- tax deferred
owned non-qualified annuities is considered
An insurer that confines or largely limits the exposures it captive
writes to those of its owners is called
Dividends from a mutual insurance company are paid to Policyholders
whom?
