Arizona Life and Health Insurance Exam CORRECT QUESTIONS & ANSWERS(LATEST UPDATE 2024)
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Arizona Life and Health Insurance
Institution
Arizona Life And Health Insurance
Military Families - ANSWER Which of the following does TRI-CARE provide accident and health coverage Inpatient Drugs - ANSWER Medicare Part A typically covers
to
The insured's education, training, and experience - ANSWER What is taken into consideration when defining 'total disability' in a d...
Arizona Life and Health Insurance Exam CORRECT
QUESTIONS & ANSWERS(LATEST UPDATE 2024)
Inpatient Drugs - ANSWER Medicare Part A typically covers
Military Families - ANSWER Which of the following does TRI-CARE provide accident and health coverage
to
The insured's education, training, and experience - ANSWER What is taken into consideration when
defining 'total disability' in a disability income insurance policy
8:00 AM and 9:00 PM - ANSWER Telemarketing calls may only be received between the hours of
After a stated period of time, claims cannot be denied due to material misrepresentation on the
application - ANSWER Which statement accurately describes the 'time limit on certain defenses'
Military Duty - ANSWER Which of the following is excluded in a medical expense plan?
Trust - ANSWER The group of two or more small employers in order to obtain group health insurance at a
favorable rate is called a multiple employer __
Decreasing term life - ANSWER Which of these life insurance policies does NOT contain a cash value
provision?
Noncancelable - ANSWER Which of the following health insurance plans charges a premium that cannot
be increased?
Three years - ANSWER How long must a producer maintain customer records for an insurance
transaction?
, Individual - ANSWER The type of health insurance in which underwriting procedures are the most
restrictive is
The applicant must be enrolled in a High Deductible Health Plan (HDHP) - ANSWER In order to contribute
to a Health Savings Account (HSA)
Protect against medical care costs and the loss of earning power - ANSWER The main role of accident
and health and disability insurance is to
primary care physician - ANSWER Karen is a health maintenance organization (HMO) subscriber, who
provides all of her preventative and routine care?
The length of prescription - ANSWER Health care costs can be better controlled by utilizing preadmission
testing. preadmission testing can reduce the __
The policy is surrendered for less than what was paid into it - ANSWER Taxable income may be the result
from all these modified endowment contract (MEC) transactions EXCEPT for
Intentional, self-inflicted injuries that occur at the worksite - ANSWER Which cause of disability is NOT
covered under Arizona workers compensation laws?
Self maintenance expenses - ANSWER Which of these factors does NOT influence an applicant's need for
life insurance?
100% - ANSWER John received a one-time distribution of $50,000 from his modified endowment
contract (MEC). Prior to that, the contract's cash value was $150,000, the contract investment amount
was $100,000, and the death benefit was $500,000. What percentage of the $50,000 distribution was
taxable as ordinary income?
Lender - ANSWER The death proceeds of a credit life insurance policy are typically paid to the
The installment payment amount is determined by the total number of injuries - ANSWER Which
statement regarding a fixed period settlement option is correct?
,Cross purchase agreement - ANSWER Which of the following disability buy-sell agreements is best suited
for businesses with a small number of partners?
Long term care benefit rider - ANSWER Tim is confined to a nursing home but doesn't have a terminal
illness. Which life insurance rider is designed to help pay for this type of expense?
Economic death - ANSWER Disability income policies provide protection for which of the following?
Every policy must have a title on the face and on the back of the policy, briefly describing the policy -
ANSWER Define what a policy title means on an insurance policy
No minimum age - ANSWER Medicare Supplement insurance requires an individual to be at least how
old for open enrollment?
Individual health policy - ANSWER When group benefits under COBRA have expired, a fully insured group
policy can be converted to a(n)
100 days - ANSWER Medicare will cover a maximum of how many days per benefit period in a skilled
nursing facility?
Consideration clause - ANSWER An accident and health insurance policy's premium requirements are set
forth in which of the following provisions?
Federal estate tax - ANSWER Which tax cost is normally associated with death?
Treaty Reinsurance - ANSWER Which reinsurance contract between two insurers involves an automatic
sharing of the risks assumed
Spendthrift clause - ANSWER Which life insurance policy provision prohibits a beneficiary from
"commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual
receipt from the company?
, January through March of each year - ANSWER After the initial enrollment period for Medicare Part B
has expired, when may an individual purchase again?
Small employer - ANSWER Which of the following would NOT have a restricted ability to enter into a
contract?
Reserves - ANSWER What is the accounting measurement of an insurance company's future obligations
to its policy owners?
2008 - ANSWER What year was the Mental Health parity an Addiction Equity Act established?
31 days - ANSWER Greg had recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy?
6 - ANSWER A policy owner decides to surrender the cash value of a whole life insurance policy. The
insurer has up to __ month(s) to delay this payment
A producer who sells insurance to an individual by the means of threat - ANSWER Which of the following
actions is considered to be an unfair trade practice?
An annuity exchanged for a life insurance policy - ANSWER Which of the following is NOT a valid contract
exchange?
Disclose the premium payments may need to be resumed depending on actual results - ANSWER If a life
insurance applicant is shown future premiums are to paid out of non-guaranteed values, the illustration
used in the sales presentation MUST
30 - ANSWER A licensee whose name or address changes must notify the Department of Insurance
within __ days
A producer's contact with the applicant - ANSWER What does the term 'field underwriting' refer to in the
health insurance policy
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