ARIZONA LAWS AND RULES PERTINANT TO INSURANCE
EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Security laws passed by Congress are enforced by which Federal agency?
Security and Exchange Commission
If a life insurance applicant is shown future premiums are to be paid out of non-guaranteed values, the
illustration used in the sales presentation MUST
disclose that premium payments may be resumed depending on actual results
A group Medicare Supplement policy was terminated and not replaced by the insurer. In this situation,
the insurer MUST
provide an offer of conversion to individual coverage
Which of the following is an example of defamation?
Making a statement that is false or maliciously critical of the financial condition of an insurer
Under Federal Law, which of the following actions may result in a producer becoming imprisoned
Producer embezzling funds from an insurer
The Genetic Information Nondiscrimination Act 2008 bars all of the following EXCEPT
prohibits the use of genetic information in health insurance, unless the applicant signs a waiver
, What year was the Mental Health Parity and Addiction Equity Act established?
2008
The ______ is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant.
producer
A policyowner decides to surrender the cash value of a whole life insurance policy. The insurer has up
to ____ month(s) to delay this payment.
6
Enrollees in a staff model HMO normally have which of the following pharmacy options available?
In-house Pharmacy
The application is part of the annuity contract according to the
Entire Contract Clause
According to the Affordable Care Act (ACA),insurers can no longer deny health coverage due to pre-
existing conditions unless that plan is a(n)
Grandfathered Plan
Mentally or physically handicapped dependent children MUST be covered under an individual health
insurance policy
until they become self supportive
Autopsies may be requested by an accident and health insurer
only if prohibited by state law
EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++
Security laws passed by Congress are enforced by which Federal agency?
Security and Exchange Commission
If a life insurance applicant is shown future premiums are to be paid out of non-guaranteed values, the
illustration used in the sales presentation MUST
disclose that premium payments may be resumed depending on actual results
A group Medicare Supplement policy was terminated and not replaced by the insurer. In this situation,
the insurer MUST
provide an offer of conversion to individual coverage
Which of the following is an example of defamation?
Making a statement that is false or maliciously critical of the financial condition of an insurer
Under Federal Law, which of the following actions may result in a producer becoming imprisoned
Producer embezzling funds from an insurer
The Genetic Information Nondiscrimination Act 2008 bars all of the following EXCEPT
prohibits the use of genetic information in health insurance, unless the applicant signs a waiver
, What year was the Mental Health Parity and Addiction Equity Act established?
2008
The ______ is responsible for determining the appropriateness of a Medicare Supplement policy for an
applicant.
producer
A policyowner decides to surrender the cash value of a whole life insurance policy. The insurer has up
to ____ month(s) to delay this payment.
6
Enrollees in a staff model HMO normally have which of the following pharmacy options available?
In-house Pharmacy
The application is part of the annuity contract according to the
Entire Contract Clause
According to the Affordable Care Act (ACA),insurers can no longer deny health coverage due to pre-
existing conditions unless that plan is a(n)
Grandfathered Plan
Mentally or physically handicapped dependent children MUST be covered under an individual health
insurance policy
until they become self supportive
Autopsies may be requested by an accident and health insurer
only if prohibited by state law
