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Insurance Exam AZ #1333 Questions and Correct AnswerInsurance Exam AZ #1333 Questions and Correct Answer
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Elscores 8/18/2024 11:49:07 PMInsurance Exam AZ #1333 Questions
and Correct Answer
An insurer must keep advertising materials and records for at least how many years?
~: 3
The insurance coverage in a variable life insurance policy may vary based on the value of
~: the underlying investments
When is it acceptable to charge or receive a fee or service charge in addition to the premium
in connection with the transaction of insurance?
~: If the amount of the fee or service charge is reasonably related to the cost of the service.
The dental specialty which deals with the replacement of missing teeth is called
~: Prosthodontics
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?
~: Misstatement of age
Which of the following would most likely purchase an immediate annuity?
~: Retiree having a lump sum to invest.
A signed good health statement may be requested by a life producer at the time of
, Elscores 8/18/2024 11:49:07 PM
~: Policy delivery
Tim is covered by Policy A with a $4,000 limit and by Policy B with a $2,000 limit. Policy A
is primary. If a $6,000 loss is incurred, what will each policy pay?
~: A: 4,000 B: 2,000
Which of the following is NOT a valid contract age?
~: An annuity exchanged for a life insurance policy.
Tim is covered by an accident and health insurance policy that may not be changed in any
way by the insurer up to a stetted age, as long as the premiums are paid. What type of policy
is this?
~: Noncancelable
An insurer will typically assess a back-end load on a deferred annuity that is cancelled during
the early contract years. What is the back-end load referred to as?
~: Surrender charge
What is considered a valid reason for small corporations to insure the lives of its major
stockholders?
~: Fund a buy-sell agreement
The insured's consideration given for a health insurance policy is
, Elscores 8/18/2024 11:49:07 PM
~: the first premium payment and the application
And since major medical health insurance policy contains an eligible expense provision
which identifies the types of healthcare services that are covered all of the following
healthcare services are typically covered except for
~: experimental and investigative services
Mark is covered by a policy that issues the regular occupation (own-occ) definition of total
disability. He will be considered disabled if unable to
~: perform the substantial and marital duties of his regular occupation
Patrick purchased a long-term care policy. He has a health condition for which medical
treatment was recommended by a physician within 6 months prior to the policy's effective
date. This condition is called a(n)
~: pre-existing condition
Newborn children are automatically covered under an existing family medical plan at the
moment of birth for a period of at least how many days?
~: 31
How are benefit payments from individually-owned medical expense policies treated for tax
purposes?
~: exempt from income taxes
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