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Arizona Life Insurance Insurance Regulations exam with answers
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Arizona Life Insurance Insurance Regulations examwith answers
Cease |and |Desist |- |correct |answer |-To |stop |or |discontinue
Coercion |- |correct |answer |-Forceful |act |or |threat |aimed |to |influence |a |person |to |act |against |his |or
|her |will
Commission |- |correct |answer |-Payment |to |the |agent |by |the |insurance |company |for |placing
|insurance, |usually |a |percentage |of |the |policy |premium
Director |- |correct |answer |-The |head |of |the |state |Department |of |Insurance
Exempt |- |correct |answer |-Not |subject |to |an |obligation
Home |State |- |correct |answer |-A |state |in |which |an |insurer |is |organized |and |has |its |main |place |of
|business
Inducement |- |correct |answer |-An |offer |that |attempts |to |influence |the |other |party
Injunction |- |correct |answer |-A |court |issued |order |to |stop |committing |an |act |or |violation
Insolvent |- |correct |answer |-Unable |to |meet |financial |obligations
Procure |- |correct |answer |-Obtain
Statute |- |correct |answer |-A |formal |written |law |enacted |by |legislature, |insurance |_______s |can |be
|found |in |the |state |Insurance |Code
License |Application |Requirements |- |correct |answer |--Must |be |18 |years |old
-File |an |application |with |the |Director
, -Pay |the |appropriate |license |fee
-Have |not |committed |any |act |that |is |grounds |for |denial
-Pass |each |examination |which |is |required |for |the |license |being |sought
Exam |Attempts |- |correct |answer |-A |candidate |for |a |producer |license |may |have |4 |______________
|in |a |12-month |period. |After |those |4, |any |______________ |must |be |after |a |year
Documentation |- |correct |answer |-Candidates |for |a |license |must |provide |legal |_____________ |that
|they |may |be |in |the |United |States |by |federal |law
Lines |of |Authority |- |correct |answer |-The |__________________ |are:
-Life
-Accident |and |Health |or |Sickness
-Property
-Casualty
-Variable |Life |and |variable |annuity |products
-Personal |Lines
-Credit
Life |- |correct |answer |-Coverage |on |human |lives, |including |benefits |of |endowment |and |annuities,
|and |may |include |benefits |in |the |event |of |death |or |dismemberment |by |accident |and |benefits |for
|disability |income
Accident |and |Healthy |or |Sickness |- |correct |answer |-Coverage |for |sickness, |bodily |injury |or
|accidental |death |and |may |include |benefits |for |disability |income
Property |- |correct |answer |-Coverage |for |the |direct |or |consequential |loss |or |damage |to |property |of
|every |kind
Casualty |- |correct |answer |-Coverage |against |legal |liability, |including |liability |for |death, |injury,
|disability |or |damage |to |real |or |personal |property
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