ARIZONA LIFE AND HEALTH INSURANCE LICENSING EXAM 2
VERSIONS 2025/2026 BANK ACTUAL 500 QUESTIONS WITH
DETAILED ANSWERS WITH STUDY GUIDE EXPERT VERIFIED
FOR GUARANTEED PASS/ALREADY GRADED A+
1.Which of the following is NOT an example of utilization review?
monitoring length of hospital stay
monitoring the appropriateness of care
setting a hospital release date for a patient
ongoing inspection of accident prone individuals
...ANSWER..ongoing inspection of accident prone individuals
2.What percentage of a participant's income are group long-term
disability benefit amounts typically limited to?
40%
60%
50%
30%
...ANSWER..60%
Group long-term disability benefit amounts are usually limited to
60% of the participant's income.
1
,3.A licensed producer MUST be _________ by an insurer to be
eligible for soliciting insurance contracts.
authorized
approved
admitted
appointed ...ANSWER..appointed
Correct. An insurance producer CANNOT act as an agent of an
insurer until the insurance producer becomes appointed by the
insurer.
4.A policyowner has ___ days after policy delivery to return a major
medical policy for a full refund.
20
10
30
15 ...ANSWER..10
2
,A policyowner has 10 days to return an accident and health
insurance policy and receive a full refund on premiums.
5.A licensee MUST notify the Department of a legal name change
notification is not required
upon the licensee's next license renewal
upon changing his or her legal name
upon the licensee's next insurance transaction ...ANSWER..upon
changing his or her legal name
The producer must notify the Department upon changing his or her
legal name.
6.A producer MUST maintain insurance transaction records for
6 years
4 years
5 years
7 years ...ANSWER..5 years
All producers shall maintain full and correct transaction records of
the business done by them for a period of 5 years.
3
, 7.A temporary producer license issued in South Carolina is valid for
up to
270 days
180 days
365 days
90 days ...ANSWER..180 days
The Director may issue a temporary producer license for a
maximum period of 180 days.
8.All of the following are considered an example of illegal
inducement EXCEPT
Offering special terms of a stock purchase to a client
Giving a gift of less than $25 in value to a client
Giving a gift to a client with a value of $75
Offering employment to a client ...ANSWER..Giving a gift of less
than $25 in value to a client
4
VERSIONS 2025/2026 BANK ACTUAL 500 QUESTIONS WITH
DETAILED ANSWERS WITH STUDY GUIDE EXPERT VERIFIED
FOR GUARANTEED PASS/ALREADY GRADED A+
1.Which of the following is NOT an example of utilization review?
monitoring length of hospital stay
monitoring the appropriateness of care
setting a hospital release date for a patient
ongoing inspection of accident prone individuals
...ANSWER..ongoing inspection of accident prone individuals
2.What percentage of a participant's income are group long-term
disability benefit amounts typically limited to?
40%
60%
50%
30%
...ANSWER..60%
Group long-term disability benefit amounts are usually limited to
60% of the participant's income.
1
,3.A licensed producer MUST be _________ by an insurer to be
eligible for soliciting insurance contracts.
authorized
approved
admitted
appointed ...ANSWER..appointed
Correct. An insurance producer CANNOT act as an agent of an
insurer until the insurance producer becomes appointed by the
insurer.
4.A policyowner has ___ days after policy delivery to return a major
medical policy for a full refund.
20
10
30
15 ...ANSWER..10
2
,A policyowner has 10 days to return an accident and health
insurance policy and receive a full refund on premiums.
5.A licensee MUST notify the Department of a legal name change
notification is not required
upon the licensee's next license renewal
upon changing his or her legal name
upon the licensee's next insurance transaction ...ANSWER..upon
changing his or her legal name
The producer must notify the Department upon changing his or her
legal name.
6.A producer MUST maintain insurance transaction records for
6 years
4 years
5 years
7 years ...ANSWER..5 years
All producers shall maintain full and correct transaction records of
the business done by them for a period of 5 years.
3
, 7.A temporary producer license issued in South Carolina is valid for
up to
270 days
180 days
365 days
90 days ...ANSWER..180 days
The Director may issue a temporary producer license for a
maximum period of 180 days.
8.All of the following are considered an example of illegal
inducement EXCEPT
Offering special terms of a stock purchase to a client
Giving a gift of less than $25 in value to a client
Giving a gift to a client with a value of $75
Offering employment to a client ...ANSWER..Giving a gift of less
than $25 in value to a client
4
