Arizona life and health insurance Exam Questions And Answers All Verified By An Expert A+ Graded
7 views 0 purchase
Course
ARIZONA LIFE AND HEALTH
Institution
ARIZONA LIFE AND HEALTH
When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - ANS Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - ANS 9:00 PM
A health plan offered by private ins...
insurance Exam Questions And
Answers All Verified By An
Expert A+ Graded
,When the disclosure of an insured's nonpublic information is involved, what is the
insurer obligated to do? - ANS Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after -
ANS 9:00 PM
A health plan offered by private insurance companies is - ANS Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His plan
is considered to be - ANS comprehensive
K
In accident and health insurance, 60 days must pass after written proof of loss has been
C
received by an insurer before the insured may - ANS Bring legal action against the
insurer
LO
When a ten year renewable term life insurance policy issued at age 45 is renewed, the
premium rate will be the current rate for - ANS Ten year term insurance for a person
aged 55
All of the following are unfair claims settlement practices except - ANS An attempt to
YC
settle a claim by arbitration
What is covered under a limited accident and health insurance policy? - ANS Limited
perils and amounts
D
A life insurance policy provision that has the ability to reduce the death benefit is called -
ANS Accelerated (living) benefit
U
If an accident and health insurance claim form is NOT supplied to the insured within 15
says after the notice of claim, the insured may comply with the proof of loss provision by
ST
submitting - ANS Written proof of the occurrence and extent of loss
How are monthly life annuity benefit payments treated under a tax sheltered annuity
(TSA)? - ANS Taxed as ordinary income in the year received
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
, Which of these is an accurate statement regarding the fixed period settlement option on
a life insurance policy? - ANS A portion of the payments paid to the beneficiary comes
from interest calculated on the proceeds of the policy
Under what circumstance does an accident and health insurer have the right to request
an autopsy? - ANS When not prohibited by state law
A material change in a modified endowment contract (MEC) results in - ANS the seven
pay test, adjusted for cash value, being applied again
K
Under an adjustable life insurance policy, which of the following may NOT be changed
without further underwriting? - ANS The person insured
C
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
LO
a nursing home. All of the following long-term benefits encourage this EXCEPT for -
ANS custodial care
Employer-paid qualified long-term care insurance premiums are typically - ANS
Excluded from the employee's gross income.
YC
Which statement regarding the certificate of insurance is accurate? - ANS Indicates
evidence of an employee's insurance coverage
Purchasing insurance is an example of risk - ANS transference
D
When an applicant applies for a large amount of life insurance coverage, which of the
U
following would likely NOT be an underwriting requirement? - ANS eye examination
A comprehensive major medical health insurance policy contains an eligible expenses
ST
provision which identifies the type of health care services that are covered. All of the
following health care services are typical covered EXCEPT for - ANS Experimental
and investigative services
All of these statements concerning group credit life insurance are false EXCEPT - ANS
The face amount is determined by the outstanding loan balance
Who may terminate coverage under and cancelable health insurance policy? - ANS
insurer or insured
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyclock. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
