FINAL EXAM - ARIZONA LIFE AND HEALTH Questions And Answers All Verified By An Expert A+ Graded
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Course
ARIZONA LIFE AND HEALTH
Institution
ARIZONA LIFE AND HEALTH
A signed good health statement may be requested by a life producer at the time of
policy delivery
3 multiple choice options
A licensee whose name or address changes must notify the Department of Insurance within _____ days.
30
3 multiple choice options
Which statement regarding the ca...
AND HEALTH Questions And
Answers All Verified By An
Expert A+ Graded
,A signed good health statement may be requested by a life producer at the time of
policy delivery
3 multiple choice options
A licensee whose name or address changes must notify the Department of Insurance
within _____ days.
30
3 multiple choice options
K
Which statement regarding the cash value of a whole life insurance policy is correct?
C
Available to the policyowner when policy has been surrendered.
3 multiple choice options
called
LO
A life policy that has premiums that are lower than normal during the early years is
Modified life
3 multiple choice options
YC
Which of the following actions would be considered a felony in the State of Arizona?
Attempting to defraud an a insurer
3 multiple choice options
D
U
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
ST
3 multiple choice options
What is the elimination period of an individual disability policy?
Time period a disabled person must wait before benefits are paid
3 multiple choice options
What type of employee welfare plans are not subject to ERISA regulations?
Church plans
, 3 multiple choice options
A condition that increases the possibility of financial loss is called a(n)
Hazard
3 multiple choice options
A life insurance beneficiary died after receiving only six payments under the policy's life
income settlement option. What happens with the remaining balance of the death
K
proceeds?
Kept by the insurance company
C
3 multiple choice options
LO
An insurer markets its products by soliciting customers by mass media advertising and
mail WITHOUT using the services of a producer. Which of these marketing systems
does the insurer utilize?
Direct response
3 multiple choice options
YC
An employer has a group life coverage for his employees. How would an employee in
poor health be treated in this situation?
Eligible for the same type of coverage as the other employees
D
3 multiple choice options
U
What does the term "field underwriting" refer to in the health insurance industry?
A producer's contact with the applicant
ST
3 multiple choice options
A comprehensive major medical health insurance policy contains an Eligible Expenses
provision which identifies the types of health care services that are covered. All of the
following health care services are typically covered EXCEPT for
experimental and investigative services
3 multiple choice options
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