Arizona Insurance Producer License Exam -Casualty
ACTUAL VERIFIED QUESTIONS AND ANSWERS
LATEST UPDATE.pdf
Which of the following is NOT a valid contract age? -
Answer-An 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? - Answer-Noncancelable
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? - Answer-
Surrender charge
What is considered a valid reason for small corporations to
insure the lives of its major stockholders? - Answer-Fund a
buy-sell agreement
,1|Page
The insured's consideration given for a health insurance
policy is - Answer-the 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 -
Answer-experimental 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 - Answer-perform 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) - Answer-pre-
existing condition
, 2|Page
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? - Answer-31
How are benefit payments from individually-owned
medical expense policies treated for tax purposes? -
Answer-exempt 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? - Answer-guaranteed 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? - Answer-Split-dollar
An insurer must keep advertising materials and records for
at least how many years? - Answer-3
The insurance coverage in a variable life insurance policy
may vary based on the value of - Answer-the underlying
investments
ACTUAL VERIFIED QUESTIONS AND ANSWERS
LATEST UPDATE.pdf
Which of the following is NOT a valid contract age? -
Answer-An 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? - Answer-Noncancelable
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? - Answer-
Surrender charge
What is considered a valid reason for small corporations to
insure the lives of its major stockholders? - Answer-Fund a
buy-sell agreement
,1|Page
The insured's consideration given for a health insurance
policy is - Answer-the 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 -
Answer-experimental 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 - Answer-perform 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) - Answer-pre-
existing condition
, 2|Page
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? - Answer-31
How are benefit payments from individually-owned
medical expense policies treated for tax purposes? -
Answer-exempt 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? - Answer-guaranteed 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? - Answer-Split-dollar
An insurer must keep advertising materials and records for
at least how many years? - Answer-3
The insurance coverage in a variable life insurance policy
may vary based on the value of - Answer-the underlying
investments
