100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Arizona Life Insurance Only State Exam Simulator CORRECT 100% $13.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Arizona Life And Health Insurance
  4.  
  5. Arizona Life and Health Insurance

Exam (elaborations)

Arizona Life Insurance Only State Exam Simulator CORRECT 100%
 0 purchase
  • Course
  • Arizona Life and Health Insurance
  • Institution
  • Arizona Life And Health Insurance

Regulations for variable insurance contracts are set by all of the following EXCEPT Securities and Exchange Commission Department of Insurance State securities authorities State attorney general's office - ANSWER State attorney general's office Which of the following is associated with an ...

[Show more]

Preview 3 out of 19  pages

Document information

  • October 28, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • arizona life insurance
  • arizona life insurance only state exam simulator c
  • regulations for variable insurance contracts are s
  • which of the following is associated with an immed

Written for

  • Arizona Life and Health Insurance
  • Arizona Life and Health Insurance

Seller

avatar-seller
shantelleG

Reviews received

Content preview

Arizona Life Insurance Only State Exam
Simulator CORRECT 100%

Regulations for variable insurance contracts are set by all of the following EXCEPT



Securities and Exchange Commission

Department of Insurance

State securities authorities

State attorney general's office - ANSWER State attorney general's office



Which of the following is associated with an immediate annuity?



Tax-free benefit payments

Installment premium payments

Lack of an accumulation period

Lump-sum benefit - ANSWER Lack of an accumulation period



Which of these factors does NOT influence an individual's need for life insurance?



Lifestyle of the applicant

Number of dependents

Future educational costs of the dependents

Self-maintenance expenses - ANSWER Self-maintenance expenses



A contract is considered void in all of the following situations EXCEPT



When one party is a minor

When consideration is unequal

, When agreement cannot be reached between parties - ANSWER When consideration is unequal



When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to
do?



Insurer is not obligated to take any action

Give notice, explain, and allow opting out

Provide the proper NAIC paperwork - ANSWER Give notice, explain, and allow opting out



When a policy loan is requested by a policyowner and it requires the consent of the beneficiary, what
kind of beneficiary designation is this?



Collateral beneficiary

Revocable beneficiary

Irrevocable beneficiary - ANSWER Irrevocable beneficiary




qualified retirement plan for the self employed

split dollar plan for key employees

tax-exempt annuity for government workers - ANSWER qualified retirement plan for the self employed



Which of the following outlines the authority given to the producer on behalf of the insurer?



Rebating arrangement

Producer contract

Controlled business clause - ANSWER Producer contract



When must insurable interest exist for a life insurance contract to be valid?

, Inception of the contract

Throughout the entire length of the contract

When the insured dies - ANSWER Inception of the contract



The IRS has a "minimum coverage" rule regarding qualified retirement plans. This rule states that each
qualified plan is required to



provide a minimum amount of income per year

benefit a minimum number of employees

benefit a broad cross-section of employees - ANSWER benefit a broad cross-section of employees



Under the Telemarketing Sales Rule, telemarketing calls may NOT be received until



8:00 AM

7:00 AM

9:00 AM - ANSWER 8:00 AM



An annuity becomes incontestable after it has been in force for



3 years

60 days

2 years - ANSWER 2 years



Which of the following is TRUE about a qualified retirement plan that is "top heavy"?



More than 40% of annual additions are for key employee accounts

More than 60% of plan assets are in key employee accounts

More than 50% of plan assets are in key employee accounts - ANSWER More than 60% of plan assets are
in key employee accounts

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 shantelleG. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.99
  • (0)
Add to cart
Added