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Arizona Life and Health Insurance State Exam Simulator with verified answers
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Arizona Life and Health Insurance State Exam Simulatorwith verified answers
Which |statement |regarding |the |cash |value |of |a |whole |life |insurance |policy |is |correct? |- |correct
|answer |-Available |to |the |policyowner |when |the |policy |has |been |surrendered.
Which |of |the |following |is |NOT |a |valid |contract |exchange? |- |correct |answer |-An |annuity |exchanged
|fora |. |life |insurance |policy.
Interest |is |credited |to |a |fixed |annuity |no |lower |than |the |- |correct |answer |-contract |guaranteed |rate
Under |the |uniform |mandatory |provisions, |an |accident |and |health |insurer |has |the |right |to |request
|an |autopsy |- |correct |answer |-Only |where |not |prohibited |by |law
Which |of |the |following |would |NOT |be |appropriate |for |an |immediate |annuity? |- |correct |answer |-A
|parent |saving |for |a |child's |college
Jerry |has |an |indemnity |plan |which |covers |dental |expenses. |Typically, |these |type |of |plans |- |correct
|answer |-cover |preventative |care |once |every |six |months
In |what |situation |would |disability |income |insurance |premiums |be |a |deductible |expense? |- |correct
|answer |-Corporation |paying |for |group |disability |income |coverage |for |its |employees
which |of |these |statements |regarding |insurance |is |false? |- |correct |answer |-As |the |number |of |insured
|units |increases, |the |number |of |losses |decreases
A |MET |third-party |administrator |may |NOT |perform |which |of |the |following |functions? |- |correct
|answer |-Marketing |the |plan
which |of |the |following |statements |regarding |hospital |pre-authorization |is |NOT |true? |- |correct
|answer |-It |encourages |weekend |admission
, Traditional |individual |retirement |annuity |(IRA) |distributions |must |start |by |- |correct |answer |-April
|1st |of |the |year |following |the |year |the |participant |attains |age |70 |1/2
Use |of |XYZ |Insurance |Company |brochures, |business |cards, |and |rating |guides |is |an |example |of |-
|correct |answer |-Expressed |authority
Medicare |Part |A |covers |which |type |of |care? |- |correct |answer |-Skilled |nursing |facility |care
Al |surrenders |his |life |insurance |policy |for |its |cash |value. |The |total |of |the |premiums |paid |into |the
|policy |minus |total |dividends |received |in |cash |or |used |to |offset |premiums |is |referred |to |as |the |-
|correct |answer |-cost |basis
Which |of |the |following |health |plans |pay |benefits |on |a |pre-paid |service |basis? |- |correct |answer |-
HMO
Laura |is |a |new |employee |and |will |be |obtaining |non-contributory |group |Major |Medical |insurance
|from |her |employer. |Which |of |the |following |actions |must |she |take |during |the |open |enrollment
|period? |- |correct |answer |-Sign |an |enrollment |card
When |determining |the |accumulation |value |of |a |deferred |annuity, |the |total |is |calculated |by |taking
|the |premiums |paid |plus |interest |earned |minus |- |correct |answer |-expenses |and |withdrawals
Which |of |the |following |health |insurance |plans |charges |a |premium |that |cannot |be |increased? |-
|correct |answer |-Noncancelable
The |contractual |rights |which |allow |the |owner |of |a |deferred |annuity |to |surrender |the |cash |value
|several |years |before |the |annuity |date |are |called |- |correct |answer |-nonforfeiture |options
The |difference |between |a |doctor's |actual |charges |and |the |amount |approved |by |Medicare |is
|referred |to |as |a(n) |- |correct |answer |-excess |charge
Giving |up |a |known |right |on |a |voluntary |basis |is |called |a(n) |- |correct |answer |-waiver
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