FINAL EXAM ARIZONA LIFE AND HEALTH Exam Questions And Answers All Verified By An Expert A+ Graded
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Course
ARIZONA LIFE AND HEALTH
Institution
ARIZONA LIFE AND HEALTH
If dividend option choices are offered on a whole life insurance policy, the policy
MUST - ANS contain a statement that dividends are NOT guaranteed
An insured files for an accident and health insurance policy claim eight days after the premium due date. The benefit payable is $500 and the ov...
AND HEALTH Exam
Questions And Answers All
Verified By An Expert A+ Graded
, If dividend option choices are offered on a whole life insurance policy, the policy
MUST - ANS contain a statement that dividends are NOT guaranteed
An insured files for an accident and health insurance policy claim eight days after the
premium due date. The benefit payable is $500 and the overdue premium is $200.
Assuming that the policy pays on a first-dollar basis and contains the unpaid premium
provision, how much will the insurer pay? - ANS $300
K
A licensee or applicant who is ordered into active military service may request that the
C
license or application be placed on inactive status by sending the department a: - ANS
Written statement
LO
An insurer will typically assess a back-end load on a deferred annuity that is cancelled
during the early contract years. What is this back-end load referred to as? - ANS
Surrender charge
Which statement regarding the certificate of insurance is accurate? - ANS It indicates
YC
evidence of an emplovee's insurance coverage
What could be the potential result of taking out a cash value loan under a life insurance
policy? - ANS Reduces the amount receivable upon surrender of the
contract
D
Home health care benefits typically do
U
NOT include coverage for - ANS Prescription medication
When issuing disability income coverage to a substandard risk, an insurance company
ST
may - ANS shorten the benefit period
In what situation could an insurance policy's coverage be modified? - ANS Applicant is
a substandard risk
Which type of deductible must be satisfied again for each illness or accident in a major
medical plan? - ANS Per-cause
The law of large numbers enables an insurer to - ANS Predict losses
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