Arizona life and health final exam Study Guide with Complete Solutions
3 views 0 purchase
Course
Arizona life and health insurance
Institution
Arizona Life And Health Insurance
Arizona life and health final exam Study
Guide with Complete Solutions
The purpose of the 'No loss No Gain' provision is to avoid duplication of _____ and _____ when an
individual is covered under multiple group health insurance plans: - Answer-Benfit payments and
overinsurance
A life insuranc...
Which of these is NOT an underwriting responsibility of a life insurance agent - Answer✔✔-Determining
the final rate classification
What happens to the death benefit of a life insurance policy if the insured elects a partial payment from
the accelerated (living) benefit provision - Answer✔✔-Reduced
Mike applied for life insurance and was issued a conditional receipt. He is later found to be insurable and
is issued a policy. When does his coverage become effective? - Answer✔✔-Date of issuance of the
conditional receipt
Which of the following actions may result in a producers license being suspended? - Answer✔✔-
Misappropriation of premiums
Which of the following is NOT covered by a comprehensive long term care policy - Answer✔✔-Acute
Care
An insurer will typically assess a back end load on a deferred annuity that is cancelled during the early
contract years. What is this back end load referred as? - Answer✔✔-Surrender charge
The ACA established 'exchanges' in order to - Answer✔✔-Assist individuals and small businesses when
making their health insurance policies
which of the following entities does NOT establish regulations for variable insurance products? -
Answer✔✔-State attorney general
According to the law of large numbers, how would losses be affected if the number of similar insured
units increased - Answer✔✔-Predictability of losses will be improved
Page 2/15
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 EmillyCharlotte. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
