XCEL Arizona Life and Health Insurance State Exam
ACCURATE EXAM REAL QUESTIONS WITH WELL
ELABORATED ANSWERS (100% CORRECT VERIFIED
SOLUTIONS) LATEST UPDATED VERSION GUARANTEED
PASS A+| BRAND NEW!
A policyowner fell behind on the premium payments of a whole life
policy and is now in the grace period. How much will the beneficiary
receive if the insured dies during this grace period and the policy
also contains an
outstanding policy loan?
Face amount minus the loan balance and past-due premium
In regards to the Affordable Care Act (ACA), which of these is NOT
a role of a health insurance exchange?
Contact the employer if an employee stops coverage under a plan
offered in the exchange
An insurer must keep advertising materials and records for at
least how many years?
3 years
,A consumer who has been recently denied insurance, credit, or
employment based on an unfavorable consumer report MUST be
advised as such. Which of the following does this statute
originate from?
Fair Credit Reporting Act
The disability income policy most likely to have been issued on
a substandard basis is
Non-cancelable with a health condition exclusion rider
Which of the following situations would a medical exam NOT be
required for an individual health insurance applicant?
Applicant's family members have a history of cancer
A Medicare Supplement policy is required to do which of the
following?
Provide a 30 day free-look period
A statement MUST be signed by the _________ for any illustrations used
in the sale of a life insurance policy.
producer
,The policy provision that permits an employee to change from group
life coverage to an individual life policy is called the
conversion provision
A physician who accepts assignment on all Medicare claims is called
a(n)
participating provider
Straight whole life insurance can be accurately described in all of
these statements EXCEPT
Policy protection normally expires at age 65
An agent whose actions exceed the authority granted by contract is
not backed by the insurer
Which statement regarding the certificate of insurance is accurate?
It indicates evidence of an employee's insurance coverage
Joe is a life insurance policyowner who has failed to pay
interest on his policy loan. What will result from this
nonpayment?
Loan amount is increased to reflect the amount of interest due
, Every producer licensed in Arizona must notify the Director
within how many days of any change of residential, business
or e-mail address?
30 days
According to federal fraud and false statements regulation, what is
required for a prohibited person to transact insurance business in
this state?
Written consent from the state insurance regulatory agency
What is an insurance contract that identifies individuals by relationship
to a specific organization?
Group insurance
Which of these factors does NOT influence an individual's need for
life insurance?
Self-maintenance expenses
What effect does interest income have upon insurance premiums?
Decreases premium
ACCURATE EXAM REAL QUESTIONS WITH WELL
ELABORATED ANSWERS (100% CORRECT VERIFIED
SOLUTIONS) LATEST UPDATED VERSION GUARANTEED
PASS A+| BRAND NEW!
A policyowner fell behind on the premium payments of a whole life
policy and is now in the grace period. How much will the beneficiary
receive if the insured dies during this grace period and the policy
also contains an
outstanding policy loan?
Face amount minus the loan balance and past-due premium
In regards to the Affordable Care Act (ACA), which of these is NOT
a role of a health insurance exchange?
Contact the employer if an employee stops coverage under a plan
offered in the exchange
An insurer must keep advertising materials and records for at
least how many years?
3 years
,A consumer who has been recently denied insurance, credit, or
employment based on an unfavorable consumer report MUST be
advised as such. Which of the following does this statute
originate from?
Fair Credit Reporting Act
The disability income policy most likely to have been issued on
a substandard basis is
Non-cancelable with a health condition exclusion rider
Which of the following situations would a medical exam NOT be
required for an individual health insurance applicant?
Applicant's family members have a history of cancer
A Medicare Supplement policy is required to do which of the
following?
Provide a 30 day free-look period
A statement MUST be signed by the _________ for any illustrations used
in the sale of a life insurance policy.
producer
,The policy provision that permits an employee to change from group
life coverage to an individual life policy is called the
conversion provision
A physician who accepts assignment on all Medicare claims is called
a(n)
participating provider
Straight whole life insurance can be accurately described in all of
these statements EXCEPT
Policy protection normally expires at age 65
An agent whose actions exceed the authority granted by contract is
not backed by the insurer
Which statement regarding the certificate of insurance is accurate?
It indicates evidence of an employee's insurance coverage
Joe is a life insurance policyowner who has failed to pay
interest on his policy loan. What will result from this
nonpayment?
Loan amount is increased to reflect the amount of interest due
, Every producer licensed in Arizona must notify the Director
within how many days of any change of residential, business
or e-mail address?
30 days
According to federal fraud and false statements regulation, what is
required for a prohibited person to transact insurance business in
this state?
Written consent from the state insurance regulatory agency
What is an insurance contract that identifies individuals by relationship
to a specific organization?
Group insurance
Which of these factors does NOT influence an individual's need for
life insurance?
Self-maintenance expenses
What effect does interest income have upon insurance premiums?
Decreases premium
