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Arizona life and health insurance exam Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+) $7.99
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Arizona life and health insurance exam Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+)
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Which of these is NOT considered a federal punishment for unfair and deceptive insurance practices? - Community Service A Medicare supplement policy is required to do which of the following? - Provide a 30 day freelook period A certificate of coverage for a group health policy is best described ...

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  • August 3, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • arizona life and health insurance

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  • Arizona life and health insurance
  • Arizona life and health insurance

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Arizona life and health insurance exam
Which of these is NOT considered a federal punishment for unfair and deceptive insurance practices? -
Community Service



A Medicare supplement policy is required to do which of the following? - Provide a 30 day free-
look period



A certificate of coverage for a group health policy is best described as - proof of coverage for the
employee



A comprehensive major medical health insurance policy contains an eligible expenses provision which
identifies the type of health care services that are covered. All of the following health care services are
typical covered EXCEPT for - Experimental and investigative services



A disability income insurance policy was recently issued with a rating. What does this mean? -
Policyowner will be charged an additional premium



A disabled business owner who has payroll and business expenses paid for has what kind of insurance
policy? - Business Overhead Expense



A family counseling benefit is typically offered under which of these coverages? - hospice care



A group-owned insurance company that is formed to assume and spread the liability risks of its members
is known as a - risk retention group



A health plan offered by private insurance companies is - Medicare Supplement



A licensee whose name or address changes must notify the department of insurance within - 30
days

,A life insurance company just paid a $100,000 death benefit to a beneficiary. When the insured died, the
cash value was $15,000 and the total premiums paid equaled $10,000. How much of the proceeds will
be added to the beneficiary's gross income for federal income tax purposes? - Nothing



A life insurance illustration showing future premiums being paid out of nonguaranteed values must
disclose that - The policyowner may need to resume premium payments depending on actual
results



A life insurance policy provision that has the ability to reduce the death benefit is called -
Accelerated (living) benefit



A life insurance policyowner would like a dividend option that results in a limited current outlay of funds.
Which dividend option would be chose? - Reduction of premium payment

A business may purchase an annuity for all of the following reasons EXCEPT - Informally finding a
non-qualified deferred compensation plan



A major medical expense plan typically includes coverage for hospital room and board. Which of the
following is normally covered under the category "room and board"? - General nursing care



A material change in a modified endowment contract (MEC) results in - the seven pay test,
adjusted for cash value, being applied again



A policy owner pays the first annual premium for a 50,000 life insurance policy and dies one month after
the policy effective date. Which of these statements is normally true? - Beneficiary receives
50,000 income tax free



A policyowner has just borrowed from a life insurance policy's cash value. Which of these statements is
true? - In the event of death, the loan amount is deducted from the policy proceeds



A preferred provider plan and an indemnity plan are similar in what way? - Both pay on a fee-for-
service basis



A producer's license may be suspended - For misappropriation of premiums

, A retired couple would like to maximize the income derived from their combined life savings and have it
payable until they both die. Which annuity would be their best choice? - Joint and survivor
annuity



A retirement plan that sets aside part of the company's net income for distributors to qualified
employees is called a - Profit-sharing plan



A signed good health statement may be collected by a life producer at the time of



policy issue

application

policy delivery

physical examination - policy delivery



A terminally ill policyowner decides to sell his life insurance policy at a discount to help support his
family. This sale is called a - Viatical settlement



A terminated employee has how many days upon termination to convert group life insurance coverage
to an individual policy? - 31 days



A whole life policy that provides a choice of dividend options must include the following statement
about dividends - they are not guaranteed



Accident and health insurance claim handling is made more convenient to the insured by utilizing -
assignment of benefits



According to ERISA regulations, a summary plan description must be provided to a new plan member
within _____ Days of the members eligibility date. - 90

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