Arizona life and health insurance exam
ARIZONA LIFE AND HEALTH INSURANCE EXAM NEWEST ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
An insured has a $25,000 whole life insurance policy with $6,000 cash value
available. Under the extended term nonforfeiture option, what is the amount of
insurance available to the insured? - Correct Answer-$25,000
XYZ Insurance Company gives direct authority to its producers to sell insurance
through an agency contract, but nothing is stated regarding the collection of
premiums. Which authority grants the producer the right to collect premiums? -
Correct Answer-implied authority
Employees generally receive workers compensation benefits for - Correct Answer-
lost wages and medical expenses due to occupational accidents
Which type of policy pays benefits to a policyholder covered under a Hospital
Expense policy? - Correct Answer-reimbursement
The initial premium for a life insurance policy is typically paid in what way? -
Correct Answer-It is typically obtained by the producer and forwarded to the
insurer
Regulations for variable insurance contracts are set by all of the following except -
Correct Answer-State Attorney General's Office
1|Page
, Arizona life and health insurance exam
A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that - Correct Answer-The policyowner may
need to resume premium payments depending on actual results
What is the eligibility requirement for Medicare Part B? - Correct Answer-Must be
eligible for Medicare Part A
Trade association groups that are eligible for group medical benefits normally are -
Correct Answer-same industry
Terry suffers an injury at his workplace which is covered by workers compensation.
Terry also has a medical expense insurance policy. Under medical expense
insurance policies, losses that are covered by workers compensation are typically -
Correct Answer-Excluded from coverage
The main purpose of an annuity is to - Correct Answer-create a stream of income
Which life insurance policy would be eligible to include an automatic premium
loan provision - Correct Answer-whole life
Which of the following is NOT an intended use of an annuity? - Correct Answer-
Create new funds upon the death of a wage-earner
Which of the following health insurance provisions requires that the application
becomes part of the policy? - Correct Answer-Entire contract clause
2|Page
, Arizona life and health insurance exam
A certificate of coverage for a group health policy is best described as - Correct
Answer-proof of coverage for the employee
The refusal of doing business with an individual or business is called a - Correct
Answer-Boycott
An insured files for an accident and health insurance policy claim eight days after
the premium due date. The benefit payable is $500 and the overdue premium is
$200.
Assuming that the policy pays on a first-dollar basis and contains the unpaid
premium provision, how much will the insurer pay? - Correct Answer-$300
Which of these is NOT an underwriting responsibility of a life insurance agent? -
Correct Answer-Determining the final rate classification
The insurer's obligation to pay a claim depends on whether the insured or
beneficiary has complied with all policy conditions. This makes the policy a(n) -
Correct Answer-conditional contract
If group Health benefit levels are too high, what could be the end result? - Correct
Answer-Overutilization of the plan
Which of these is typically regarded as a major treatment in an indemnity dental
plan? - Correct Answer-dentures
3|Page
, Arizona life and health insurance exam
An example of an endodontic treatment is a - Correct Answer-Root canal
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
waiver under new coverage is lost if - Correct Answer-There is a break in coverage
of more than 63 days
Under which marketing system do insurers solicit customers by mass media
advertising and mail without the services of an agent? - Correct Answer-direct
response
When the disclosure of an insured's nonpublic information is involved, what is the
insurer obligated to do? - Correct Answer-Give notice, explain, and allow opting
out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received
after - Correct Answer-9:00 PM
A health plan offered by private insurance companies is - Correct Answer-
Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His
plan is considered to be - Correct Answer-comprehensive
4|Page
ARIZONA LIFE AND HEALTH INSURANCE EXAM NEWEST ACTUAL
EXAM COMPLETE 150 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND
NEW VERSION!!
An insured has a $25,000 whole life insurance policy with $6,000 cash value
available. Under the extended term nonforfeiture option, what is the amount of
insurance available to the insured? - Correct Answer-$25,000
XYZ Insurance Company gives direct authority to its producers to sell insurance
through an agency contract, but nothing is stated regarding the collection of
premiums. Which authority grants the producer the right to collect premiums? -
Correct Answer-implied authority
Employees generally receive workers compensation benefits for - Correct Answer-
lost wages and medical expenses due to occupational accidents
Which type of policy pays benefits to a policyholder covered under a Hospital
Expense policy? - Correct Answer-reimbursement
The initial premium for a life insurance policy is typically paid in what way? -
Correct Answer-It is typically obtained by the producer and forwarded to the
insurer
Regulations for variable insurance contracts are set by all of the following except -
Correct Answer-State Attorney General's Office
1|Page
, Arizona life and health insurance exam
A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that - Correct Answer-The policyowner may
need to resume premium payments depending on actual results
What is the eligibility requirement for Medicare Part B? - Correct Answer-Must be
eligible for Medicare Part A
Trade association groups that are eligible for group medical benefits normally are -
Correct Answer-same industry
Terry suffers an injury at his workplace which is covered by workers compensation.
Terry also has a medical expense insurance policy. Under medical expense
insurance policies, losses that are covered by workers compensation are typically -
Correct Answer-Excluded from coverage
The main purpose of an annuity is to - Correct Answer-create a stream of income
Which life insurance policy would be eligible to include an automatic premium
loan provision - Correct Answer-whole life
Which of the following is NOT an intended use of an annuity? - Correct Answer-
Create new funds upon the death of a wage-earner
Which of the following health insurance provisions requires that the application
becomes part of the policy? - Correct Answer-Entire contract clause
2|Page
, Arizona life and health insurance exam
A certificate of coverage for a group health policy is best described as - Correct
Answer-proof of coverage for the employee
The refusal of doing business with an individual or business is called a - Correct
Answer-Boycott
An insured files for an accident and health insurance policy claim eight days after
the premium due date. The benefit payable is $500 and the overdue premium is
$200.
Assuming that the policy pays on a first-dollar basis and contains the unpaid
premium provision, how much will the insurer pay? - Correct Answer-$300
Which of these is NOT an underwriting responsibility of a life insurance agent? -
Correct Answer-Determining the final rate classification
The insurer's obligation to pay a claim depends on whether the insured or
beneficiary has complied with all policy conditions. This makes the policy a(n) -
Correct Answer-conditional contract
If group Health benefit levels are too high, what could be the end result? - Correct
Answer-Overutilization of the plan
Which of these is typically regarded as a major treatment in an indemnity dental
plan? - Correct Answer-dentures
3|Page
, Arizona life and health insurance exam
An example of an endodontic treatment is a - Correct Answer-Root canal
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
waiver under new coverage is lost if - Correct Answer-There is a break in coverage
of more than 63 days
Under which marketing system do insurers solicit customers by mass media
advertising and mail without the services of an agent? - Correct Answer-direct
response
When the disclosure of an insured's nonpublic information is involved, what is the
insurer obligated to do? - Correct Answer-Give notice, explain, and allow opting
out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received
after - Correct Answer-9:00 PM
A health plan offered by private insurance companies is - Correct Answer-
Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His
plan is considered to be - Correct Answer-comprehensive
4|Page
