Insurance exam az - Study guides, Class notes & Summaries

AZ LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS -Secondary - correct answer A Contingent Beneficiary has the __________ right to collect an Insured's death benefit. -A uniform set of insurance regulations - correct answer What does the Producer Licensing Model Act (PLMA) provide? -A uniform set of insurance regulations -Disability income -A double payout -Private Life Maturity Assets -They are known for their very flexible payment terms - correct answer All but which of ...

What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Answer Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - Answer reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - Answer insurable interest Statements made on an insurance application that are beli...

AZ Insurance Exam 13-33 (2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following is NOT a valid contract age? Answer: An annuity exchanged for a life insurance policy. Q: Tim is covered by an accident and health insurance policy that may not be changed in any way by the insurer up to a stetted age, as long as the premiums are paid. What type of policy is this? Answer: Noncancelable Q: An insurer will typically assess a bac...

An insurer must keep advertising materials and records for at least how many years? - correct answer 3 The insurance coverage in a variable life insurance policy may vary based on the value of - correct answer the underlying investments When is it acceptable to charge or receive a fee or service charge in addition to the premium in connection with the transaction of insurance? - correct answer If the amount of the fee or service charge is reasonably related to the cost of the service. T...

AZ Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? Answer: A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy Q: Under what circumstance does an accident and health insurer have the right to request an autopsy? Answer: When not prohibited...

AZ LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS -Secondary - correct answer A Contingent Beneficiary has the __________ right to collect an Insured's death benefit. -A uniform set of insurance regulations - correct answer What does the Producer Licensing Model Act (PLMA) provide? -A uniform set of insurance regulations -Disability income -A double payout -Private Life Maturity Assets -They are known for their very flexible payment terms - correct answer All but which of ...

AZ Life Insurance Exam Prep Study Guide with 100% Complete Solutions -Secondary A Contingent Beneficiary has the __________ right to collect an Insured's death benefit. -A uniform set of insurance regulations What does the Producer Licensing Model Act (PLMA) provide? -A uniform set of insurance regulations -Disability income -A double payout -Private Life Maturity Assets -They are known for their very flexible payment terms All but which of the following are true about Whole...

AZ Insurance Exam #1333 (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: a terminally ill policy owner decides to sell his life insurance policy at a discount to help support his family. this sale is called a(n) Answer: viatical settlement Q: the administrator for a corporate pension plan bought an accumulation annuity contract for its 2,000 employees. all 2,000 employees received certifi- cates of participation. what kind of contract is this? A...

An insurer must keep advertising materials and records for at least how many years? 3 The insurance coverage in a variable life insurance policy may vary based on the value of the underlying investments When is it acceptable to charge or receive a fee or service charge in addition to the premium in connection with the transaction of insurance? If the amount of the fee or service charge is reasonably related to the cost of the service. The dental specialty which deals with the replacement o...

AZ Life Insurance Exam Prep Study Guide with 100% Complete Solutions -Secondary - Correct Answer ️️ -A Contingent Beneficiary has the __________ right to collect an Insured's death benefit. -A uniform set of insurance regulations - Correct Answer ️️ -What does the Producer Licensing Model Act (PLMA) provide? -A uniform set of insurance regulations -Disability income -A double payout -Private Life Maturity Assets -They are known for their very flexible payment terms - Correct A...