Arizona Life Insurance Only State Exam Simulator Questions Solved Correctly.
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Course
Arizona Life and Health Insurance
Institution
Arizona Life And Health Insurance
Regulations for variable insurance contracts are set by all of the following EXCEPT
Securities and Exchange Commission
Department of Insurance
State securities authorities
State attorney general's office - Answer State attorney general's office
Which of the following is associated with a...
Arizona Life Insurance Only State Exam
Simulator Questions Solved Correctly.
Regulations for variable insurance contracts are set by all of the following EXCEPT
Securities and Exchange Commission
Department of Insurance
State securities authorities
State attorney general's office - Answer State attorney general's office
Which of the following is associated with an immediate annuity?
Tax-free benefit payments
Installment premium payments
Lack of an accumulation period
Lump-sum benefit - Answer Lack of an accumulation period
Which of these factors does NOT influence an individual's need for life insurance?
Which of the following could be a future use of the cash value that builds in a recently-purchased whole
life insurance policy?
Convert the cash value to a paid-up term policy
Increases the policy's face amount
Provide supplemental income in 35 years - Answer Provide supplemental income in 35 years
Which statement regarding the joint and survivor life insurance settlement option is NOT true?
Income continues until the last beneficiary dies
Two or more beneficiaries can be paid
The amount of each installment is larger than the single life income option - Answer The amount of
each installment is larger than the single life income option
, A producer must maintain customer records for how many years following the completion date of the
insurance transaction?
1
2
3 - Answer 3
An insurance company can be liable for a producer's unauthorized acts
only when a felony is involved
when the agency contract is unclear concerning the authority given
at anytime - Answer when the agency contract is unclear concerning the authority given
Which of these may NOT be deducted from premium payments or the cash value of a variable life
insurance policy?
Federal premium taxes
Investment management fees
Mortality costs - Answer Federal premium taxes
John has a criminal record in which he was convicted of a felony that involved dishonesty. Under Federal
law, how would John be able to engage in insurance transactions?
Paying a fine of up to $50,000
Given written consent by the state insurance regulatory agency
Completing a court-ordered prison sentence - Answer Given written consent by the state insurance
regulatory agency
The exclusion ratio determines
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