100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Arizona life and health insurance exam Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+)$7.99
Add to cart
Arizona life and health insurance exam Latest Updated 2024/2025 Actual Questions and Answers Fully Solved 100% Guaranteed Success.(Graded A+)
6 views 0 purchase
Course
Arizona life and health insurance
Institution
Arizona Life And Health Insurance
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 ...
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
