Arizona Insurance Exam #1333 – Latest Exam
Prep 2025/2026 | Practice Questions & Study
Guide
An insurer must keep advertising materials and records for at least how many years? -
correct answer3
The insurance coverage in a variable life insurance policy may vary based on the value
of - correct answerthe underlying investments
When is it acceptable to charge or receive a fee or service charge in addition to the
premium in connection with the transaction of insurance? - correct answerIf the amount
of the fee or service charge is reasonably related to the cost of the service.
The dental specialty which deals with the replacement of missing teeth is called -
correct answerProsthodontics
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first two years of existence? - correct answerMisstatement of
age
Which of the following would most likely purchase an immediate annuity? - correct
answerRetiree having a lump sum to invest.
A signed good health statement may be requested by a life producer at the time of -
correct answerPolicy delivery
Tim is covered by Policy A with a $4,000 limit and by Policy B with a $2,000 limit. Policy
A is primary. If a $6,000 loss is incurred, what will each policy pay? - correct answerA:
4,000 B: 2,000
Which of the following is NOT a valid contract age? - correct answerAn annuity
exchanged for a life insurance policy.
Tim is covered by an accident and health insurance policy that may not be changed in
any way by the insurer up to a stetted age, as long as the premiums are paid. What type
of policy is this? - correct answerNoncancelable
An insurer will typically assess a back-end load on a deferred annuity that is cancelled
during the early contract years. What is the back-end load referred to as? - correct
answerSurrender charge
, What is considered a valid reason for small corporations to insure the lives of its major
stockholders? - correct answerFund a buy-sell agreement
The insured's consideration given for a health insurance policy is - correct answerthe
first premium payment and the application
And since major medical health insurance policy contains an eligible expense provision
which identifies the types of healthcare services that are covered all of the following
healthcare services are typically covered except for - correct answerexperimental and
investigative services
Mark is covered by a policy that issues the regular occupation (own-occ) definition of
total disability. He will be considered disabled if unable to - correct answerperform the
substantial and marital duties of his regular occupation
Patrick purchased a long-term care policy. He has a health condition for which medical
treatment was recommended by a physician within 6 months prior to the policy's
effective date. This condition is called a(n) - correct answerpre-existing condition
Newborn children are automatically covered under an existing family medical plan at the
moment of birth for a period of at least how many days? - correct answer31
How are benefit payments from individually-owned medical expense policies treated for
tax purposes? - correct answerexempt from income taxes
Bryce purchased a disability income policy with a rider that guarantees him the option of
purchasing additional amounts of coverage at predetermined times without requiring to
provide evidence of insurability what kind of rider is this? - correct answerguaranteed
insurability rider
XYZ Corp gives money to an employee to purchase a life insurance policy and allows
the employee to select the beneficiary. What kind of plan is this? - correct answerSplit-
dollar
A life insurance policy provision that has the ability to reduce the death benefit is called
the - correct answeraccelerated (living) benefit
A group health certificate for coverage issued in Arizona MUST contain a - correct
answersummary of policy features and benefits
What is considered a valid reason for an insurer's refusal to pay policy proceeds directly
to a minor? - correct answerminors are normally not capable of handling money in a
reasonable manner
Prep 2025/2026 | Practice Questions & Study
Guide
An insurer must keep advertising materials and records for at least how many years? -
correct answer3
The insurance coverage in a variable life insurance policy may vary based on the value
of - correct answerthe underlying investments
When is it acceptable to charge or receive a fee or service charge in addition to the
premium in connection with the transaction of insurance? - correct answerIf the amount
of the fee or service charge is reasonably related to the cost of the service.
The dental specialty which deals with the replacement of missing teeth is called -
correct answerProsthodontics
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first two years of existence? - correct answerMisstatement of
age
Which of the following would most likely purchase an immediate annuity? - correct
answerRetiree having a lump sum to invest.
A signed good health statement may be requested by a life producer at the time of -
correct answerPolicy delivery
Tim is covered by Policy A with a $4,000 limit and by Policy B with a $2,000 limit. Policy
A is primary. If a $6,000 loss is incurred, what will each policy pay? - correct answerA:
4,000 B: 2,000
Which of the following is NOT a valid contract age? - correct answerAn annuity
exchanged for a life insurance policy.
Tim is covered by an accident and health insurance policy that may not be changed in
any way by the insurer up to a stetted age, as long as the premiums are paid. What type
of policy is this? - correct answerNoncancelable
An insurer will typically assess a back-end load on a deferred annuity that is cancelled
during the early contract years. What is the back-end load referred to as? - correct
answerSurrender charge
, What is considered a valid reason for small corporations to insure the lives of its major
stockholders? - correct answerFund a buy-sell agreement
The insured's consideration given for a health insurance policy is - correct answerthe
first premium payment and the application
And since major medical health insurance policy contains an eligible expense provision
which identifies the types of healthcare services that are covered all of the following
healthcare services are typically covered except for - correct answerexperimental and
investigative services
Mark is covered by a policy that issues the regular occupation (own-occ) definition of
total disability. He will be considered disabled if unable to - correct answerperform the
substantial and marital duties of his regular occupation
Patrick purchased a long-term care policy. He has a health condition for which medical
treatment was recommended by a physician within 6 months prior to the policy's
effective date. This condition is called a(n) - correct answerpre-existing condition
Newborn children are automatically covered under an existing family medical plan at the
moment of birth for a period of at least how many days? - correct answer31
How are benefit payments from individually-owned medical expense policies treated for
tax purposes? - correct answerexempt from income taxes
Bryce purchased a disability income policy with a rider that guarantees him the option of
purchasing additional amounts of coverage at predetermined times without requiring to
provide evidence of insurability what kind of rider is this? - correct answerguaranteed
insurability rider
XYZ Corp gives money to an employee to purchase a life insurance policy and allows
the employee to select the beneficiary. What kind of plan is this? - correct answerSplit-
dollar
A life insurance policy provision that has the ability to reduce the death benefit is called
the - correct answeraccelerated (living) benefit
A group health certificate for coverage issued in Arizona MUST contain a - correct
answersummary of policy features and benefits
What is considered a valid reason for an insurer's refusal to pay policy proceeds directly
to a minor? - correct answerminors are normally not capable of handling money in a
reasonable manner
