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Insurance Exam AZ #1333 | Questions and answers with 100% correct solutions | Graded A+
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Insurance Exam AZ #1333 | Questions and answers with 100% correct solutions | Graded A+
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Insurance Exam AZ #1333 | Questions andanswers with 100% correct solutions |
Graded A+
which statement regarding universal life insurance is correct? ✔✔cash value accumulations have
a guaranteed minimum interest rate
Christine is receiving benefits provided from her disability income insurance. as compared to
her previous earnings, the disability benefits should be ✔✔somewhat less
which statement regarding a fixed period settlement is correct? ✔✔the installment payment amount
is determined by the total number of installments
the application is part of the annuity contract according to the ✔✔entire contract clause
in the event of premium default, which life insurance provision will use the cash value to keep the policy
in force? ✔✔automatic premium loan
all of these are considered features of whole life insurance EXCEPT ✔✔initial premium is lower than
for an equivalent amount of term insurance
Straight whole life insurance can be accurately described in all of these statements EXCEPT
✔✔policy protection normally expires at age 65
,statements made by an insured on an accident and health insurance application are considered to be
✔✔representations
for purposes of disability income insurance, earned income would include all of the following
except ✔✔dividends
According to the Affordable Care Act (ACA), insurers can no longer deny health coverage due to pre-
existing conditions unless that plan is a ✔✔grandfathered plan
Arizona allows a maximum of how many attempts in a 12-month period, before having to wait one
year before attempting the exam again? ✔✔4 attempts
who manages the premiums collected from a group's members for a reciprocal insurer? ✔✔attorney in
fact
how are the premiums for an individually-owned disability income policy treated for tax purposes?
✔✔Not tax-deductible at all
a loss of minimum essential coverage usually counts as a qualifying event that triggers what?
✔✔a special enrollment period
Notice of information practices must be given to a policyholder at least ✔✔once per year
, which of the following health insurance provisions requires that the application becomes part of the
policy? ✔✔entire contract clause
the genetic information nondiscrimination act of 2008 bars all of the following, EXCEPT:
✔✔prohibits the use of genetic information in health insurance, unless the applicant signs a waiver
Mary has a Health Savings Account (HSA). Distributions that have been made for anything other than
qualified medical expenses are considered taxable and subject to a penalty of ✔✔20%
which would not be a location where skilled nursing care is provided? ✔✔personal residence
which of these is not a reason to buy a term life policy? ✔✔to accumulate savings
A(n) _____ insurer operates in the US but is headquartered outside the US ✔✔alien
a consumer who has been recently denied insurance, credits or employment based on an
unfavorable consumer report must be advised as such. Where does this statute originate from?
✔✔Fair credit reporting act
According to the Pregnancy Discrimination Act of 1978, employers must treat pregnancy in the
same manner as ✔✔any other medical disability
with life insurance, the needs approach is used primarily in determining ✔✔how much life insurance
a client should apply for
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