Chapter Exam - Arizona Laws and Rules- exam with
answers
What |will |Medicare |charge |if |someone |doesn't |enroll |in |certain |Medicare |programs |or |plans |when
|they're |first |eligible? |- |correct |answer |-late |enrollment |penalty
A |consumer |who |has |been |recently |denied |insurance, |credit, |or |employment |based |on |an
|unfavorable |consumer |report |MUST |be |advised |as |such. |Which |of |the |following |does |this |statute
|originate |from? |- |correct |answer |-Fair |Credit |Reporting |Act
According |to |the |telemarketing |sales |rules, |what |are |the |permissible |calling |hours |for |telemarketing
|calls? |- |correct |answer |-8:00 |AM
If |a |life |insurance |applicant |is |shown |future |premiums |are |to |be |paid |out |of |non-guaranteed |values,
|the |illustration |used |in |the |sales |presentation |MUST |- |correct |answer |-disclose |that |premium
|payments |may |need |to |be |resumed |depending |an |actual |results
According |to |federal |fraud |and |false |statements |regulation, |what |is |required |for |a |prohibited
|person |to |transact |insurance |business |in |this |state? |- |correct |answer |-written |consent |from |the
|state |insurance |regulatory |agency
Which |statement |best |defines |what |a |Policy |Title |means |on |an |insurance |policy? |- |correct |answer |-
every |policy |must |have |a |title |on |the |face |and |on |the |back |of |the |policy, |briefly |describing |the
|policy
A |prepaid |dental |plan |has |an |agreement |in |place |with |a |network |of |dentists |which |- |correct |answer
|-accepts |an |established |amount |as |payment |in |full |for |the |dental |services |rendered
If |dividend |option |choices |are |offered |on |a |whole |life |insurance |policy, |the |policy |MUST |- |correct
|answer |-contain |a |statement |that |dividends |are |NOT |guaranteed
A |group |health |certificate |for |coverage |issued |in |Arizona |MUST |contain |a(n) |- |correct |answer |-
summary |of |policy |features |and |benefits
, A(n) |____ |insurer |operates |in |the |U.S. |but |is |headquartered |outside |the |U.S. |- |correct |answer |-alien
Which |of |the |following |is |NOT |a |valid |reason |for |an |insurer |to |contest |a |life |insurance |policy |during
|the |policy's |first |two |years |of |existence? |- |correct |answer |-misstatement |of |age
The |application |is |part |of |the |annuity |contract |according |to |the |- |correct |answer |-entire |contract
|clause
Which |of |these |actions |is |considered |to |be |an |Unfair |Claims |Settlement |Practice? |- |correct |answer |-
misrepresenting |pertinent |policy |provisions |relating |to |coverage |after |a |loss
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? |- |correct |answer |-31 |days
The |ACA |must |ensure |a |sufficient |choice |of |______ |in |the |marketplace: |- |correct |answer |-providers
After |an |annuity |has |been |in |force |for |____ |year(s), |it |becomes |incontestable |- |correct |answer |-2
A |group |Medicare |Supplement |policy |was |terminated |and |not |replaced |by |the |insurer. |In |this
|situation, |the |insurer |MUST |- |correct |answer |-provide |an |offer |of |conversion |to |individual |coverage
An |insured |has |been |court-ordered |to |provide |a |child's |health |insurance. |Upon |this |order, |the
|insurer |must |allow |the |enrollment |of |this |child |- |correct |answer |-at |any |time
Rick |provides |a |notice |of |claim |to |his |health |insurer. |If |he |does |not |receive |a |claim |form |within |15
|days, |he |may |comply |with |the |proof |of |loss |provision |by |- |correct |answer |-submitting |written
|proof |of |loss
To |protect |information |systems, |brokers, |and |insurance |companies |must |implement |and |maintain
|a(n): |- |correct |answer |-cybersecurity |policy
An |Arizona |resident |producer |must |be |at |least |____ |years |of |age |- |correct |answer |-18
answers
What |will |Medicare |charge |if |someone |doesn't |enroll |in |certain |Medicare |programs |or |plans |when
|they're |first |eligible? |- |correct |answer |-late |enrollment |penalty
A |consumer |who |has |been |recently |denied |insurance, |credit, |or |employment |based |on |an
|unfavorable |consumer |report |MUST |be |advised |as |such. |Which |of |the |following |does |this |statute
|originate |from? |- |correct |answer |-Fair |Credit |Reporting |Act
According |to |the |telemarketing |sales |rules, |what |are |the |permissible |calling |hours |for |telemarketing
|calls? |- |correct |answer |-8:00 |AM
If |a |life |insurance |applicant |is |shown |future |premiums |are |to |be |paid |out |of |non-guaranteed |values,
|the |illustration |used |in |the |sales |presentation |MUST |- |correct |answer |-disclose |that |premium
|payments |may |need |to |be |resumed |depending |an |actual |results
According |to |federal |fraud |and |false |statements |regulation, |what |is |required |for |a |prohibited
|person |to |transact |insurance |business |in |this |state? |- |correct |answer |-written |consent |from |the
|state |insurance |regulatory |agency
Which |statement |best |defines |what |a |Policy |Title |means |on |an |insurance |policy? |- |correct |answer |-
every |policy |must |have |a |title |on |the |face |and |on |the |back |of |the |policy, |briefly |describing |the
|policy
A |prepaid |dental |plan |has |an |agreement |in |place |with |a |network |of |dentists |which |- |correct |answer
|-accepts |an |established |amount |as |payment |in |full |for |the |dental |services |rendered
If |dividend |option |choices |are |offered |on |a |whole |life |insurance |policy, |the |policy |MUST |- |correct
|answer |-contain |a |statement |that |dividends |are |NOT |guaranteed
A |group |health |certificate |for |coverage |issued |in |Arizona |MUST |contain |a(n) |- |correct |answer |-
summary |of |policy |features |and |benefits
, A(n) |____ |insurer |operates |in |the |U.S. |but |is |headquartered |outside |the |U.S. |- |correct |answer |-alien
Which |of |the |following |is |NOT |a |valid |reason |for |an |insurer |to |contest |a |life |insurance |policy |during
|the |policy's |first |two |years |of |existence? |- |correct |answer |-misstatement |of |age
The |application |is |part |of |the |annuity |contract |according |to |the |- |correct |answer |-entire |contract
|clause
Which |of |these |actions |is |considered |to |be |an |Unfair |Claims |Settlement |Practice? |- |correct |answer |-
misrepresenting |pertinent |policy |provisions |relating |to |coverage |after |a |loss
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? |- |correct |answer |-31 |days
The |ACA |must |ensure |a |sufficient |choice |of |______ |in |the |marketplace: |- |correct |answer |-providers
After |an |annuity |has |been |in |force |for |____ |year(s), |it |becomes |incontestable |- |correct |answer |-2
A |group |Medicare |Supplement |policy |was |terminated |and |not |replaced |by |the |insurer. |In |this
|situation, |the |insurer |MUST |- |correct |answer |-provide |an |offer |of |conversion |to |individual |coverage
An |insured |has |been |court-ordered |to |provide |a |child's |health |insurance. |Upon |this |order, |the
|insurer |must |allow |the |enrollment |of |this |child |- |correct |answer |-at |any |time
Rick |provides |a |notice |of |claim |to |his |health |insurer. |If |he |does |not |receive |a |claim |form |within |15
|days, |he |may |comply |with |the |proof |of |loss |provision |by |- |correct |answer |-submitting |written
|proof |of |loss
To |protect |information |systems, |brokers, |and |insurance |companies |must |implement |and |maintain
|a(n): |- |correct |answer |-cybersecurity |policy
An |Arizona |resident |producer |must |be |at |least |____ |years |of |age |- |correct |answer |-18
