Arizona life and health insurance exam CORRECT 100%
7 views 0 purchase
Course
Arizona Life and Health Insurance
Institution
Arizona Life And Health Insurance
When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - ANSWER Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - ANSWER 9:00 PM
A health plan offered by private i...
Arizona life and health insurance exam
CORRECT 100%
When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to
do? - ANSWER Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - ANSWER 9:00 PM
A health plan offered by private insurance companies is - ANSWER Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His plan is considered to be
- ANSWER comprehensive
In accident and health insurance, 60 days must pass after written proof of loss has been received by an
insurer before the insured may - ANSWER Bring legal action against the insurer
When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will
be the current rate for - ANSWER Ten year term insurance for a person aged 55
All of the following are unfair claims settlement practices except - ANSWER An attempt to settle a claim
by arbitration
What is covered under a limited accident and health insurance policy? - ANSWER Limited perils and
amounts
A life insurance policy provision that has the ability to reduce the death benefit is called - ANSWER
Accelerated (living) benefit
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 submitting - ANSWER Written
proof of the occurrence and extent of loss
, How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)? - ANSWER
Taxed as ordinary income in the year received
How does a continuous premium whole life policy differ from a limited payment whole life policy? -
ANSWER 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? - ANSWER 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? -
ANSWER When not prohibited by state law
A material change in a modified endowment contract (MEC) results in - ANSWER the seven pay test,
adjusted for cash value, being applied again
Under an adjustable life insurance policy, which of the following may NOT be changed without further
underwriting? - ANSWER The person insured
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 this EXCEPT for - ANSWER custodial care
Employer-paid qualified long-term care insurance premiums are typically - ANSWER Excluded from the
employee's gross income.
Which statement regarding the certificate of insurance is accurate? - ANSWER Indicates evidence of an
employee's insurance coverage
Purchasing insurance is an example of risk - ANSWER transference
, When an applicant applies for a large amount of life insurance coverage, which of the following would
likely NOT be an underwriting requirement? - ANSWER eye examination
What is a "functional assessment" for long-term care benefits? - ANSWER A review of the insured ability
to perform the activities of daily living
Which is an accurate description of the premium in a graded premium life insurance policy? - ANSWER
Annual increases in premium for a stated number of years then levels off for the remainder of the
contract
Which of the following BEST describes a "partial disability" - ANSWER Unable to perform one or more job
duties
An insured may be required to sign which document at policy delivery to ensure there has not been any
adverse medical conditions since the time of the application? - ANSWER A good health statement
The Arizona Life and Disability Insurance Guaranty Fund protects an insured in the event of - ANSWER
The insurers insolvency
After an applicant reads and signs an insurance application, he/she should be conscious of the fact that -
ANSWER a false statement could lead to loss of coverage
How many days notice does the Affordable Care Act require insurers to give before rescinding coverage?
- ANSWER 30
Who typically makes the purchase payments in an individual annuity? - ANSWER owner
Disability income policies provide protection for which of the following? - ANSWER Economic death
The reason for backdating a policy is - ANSWER to obtain a premium rate based on an earlier age
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 shantelleG. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
