FINAL EXAM - ARIZONA LIFE AND HEALTH Questions And Answers All Verified By An Expert A+ Graded
5 keer bekeken 0 keer verkocht
Vak
ARIZONA LIFE AND HEALTH
Instelling
ARIZONA LIFE AND HEALTH
Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - ANS Can be unequal
The premiums paid by an employer for his employee's group life insurance are usually considered to be? - ANS Tax-deductible to the employer
Kevin has an exi...
AND HEALTH Questions And
Answers All Verified By An
Expert A+ Graded
,Which of these is true regarding the exchange of consideration among parties involved
in an insurance contract? - ANS Can be unequal
The premiums paid by an employer for his employee's group life insurance are usually
considered to be? - ANS Tax-deductible to the employer
K
Kevin has an existing life insurance policy and assigns it to another insurer for a new
contract. How would this transaction be treated for tax purposes? - ANS As a section
C
1035 exchange
Which of these is NOT a common life insurance nonforfeiture option? - ANS Life
LO
income annuity
Linda is covered with long-term care insurance and has early-stage Alzheimer's. She is
still able to reside in her home while receiving primary care, as opposed to moving into
a nursing home. All of the following long-term benefits encourage home health care
YC
EXCEPT? - ANS Custodial Care
An accident and health insurer has just received written proof of loss from one of its
insurers. The insured must now wait 60 days before? - ANS Bringing legal action
against the insurer
D
Health care costs can be better controlled by utilizing pre-admission testing.
Pre-admission testing can reduce the? - ANS Length of hospitalization
U
The "Use ir or Lose it" rule applies to - ANS Flexible Savings Account
ST
fee-for-service is a method of administering health insurance benefit payments in which
- ANS The cost of each service is scheduled
Use of XYZ Insurance Company brochures, business cards, and rating guides is an
example of? - ANS Apparent Authority
A life insurance illustration showing future premiums being paid out of no guaranteed
values must disclose that? - ANS The policy owner may need to resume premium
payments depending on actual results
, When the court orders an insured to provide a child's health insurance, the insurer must
allow the child to be enrolled? - ANS At any time
Which of these statements is NOT a characteristic of the law of large numbers? - ANS
Rates can be calculated to compensate for losses
In Arizona, when personal information is collected from a source other then the accident
and health insurance applicant or public records, a notice or information practices must
be given to the applicant no later than the date of? - ANS Application
K
How does the cost for a survivorship life policy compare to the cost of combining two
separate individual life insurance policies? - ANS Survivorship life policy is lower
C
How does a continuous premium whole life policy differ from a limited payment whole
life policy? - ANS The time period in which premiums will be paid
LO
An agent's authority to bind an insurer to an insurance contract may be granted in the? -
ANS Agent's contract and the insurance company's appointment
Which statement concerning the Entire Contact provision in an individual accident and
YC
health insurance policy is TRUE? - ANS The agent doesn't have the authority to
change the policy or waive its provisions
Under the Fair Credit Reporting Act, which statement is true? - ANS The consumer
who was investigated must be advised that credit, insurance, or employment was
D
denied because of an unfavorable report.
U
Field underwriting by a producer? - ANS May result in the disclosure of hazardous
activity of the applicant.
ST
When group benefits under COBRA have expired, a fully insured group policy can be
converted to a(n) - ANS Individual health policy
In a qualified retirement plan, the yearly contributions to an employee's account? - ANS
Are restricted to maximum limits set by the IRS
The unwritten authority given to a producer to carry out necessary incidental acts of the
agency agreement is called? - ANS Implied authority
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Studyclock. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €12,92. Je zit daarna nergens aan vast.
