Arizona Life Insurance Only State Exam Simulator CORRECT 100%
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Course
Arizona Life and Health Insurance
Institution
Arizona Life And Health Insurance
Regulations for variable insurance contracts are set by all of the following EXCEPT
Securities and Exchange Commission
Department of Insurance
State securities authorities
State attorney general's office - ANSWER State attorney general's office
Which of the following is associated with an ...
tax-exempt annuity for government workers - ANSWER qualified retirement plan for the self employed
Which of the following outlines the authority given to the producer on behalf of the insurer?
Rebating arrangement
Producer contract
Controlled business clause - ANSWER Producer contract
When must insurable interest exist for a life insurance contract to be valid?
, Inception of the contract
Throughout the entire length of the contract
When the insured dies - ANSWER Inception of the contract
The IRS has a "minimum coverage" rule regarding qualified retirement plans. This rule states that each
qualified plan is required to
provide a minimum amount of income per year
benefit a minimum number of employees
benefit a broad cross-section of employees - ANSWER benefit a broad cross-section of employees
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received until
8:00 AM
7:00 AM
9:00 AM - ANSWER 8:00 AM
An annuity becomes incontestable after it has been in force for
3 years
60 days
2 years - ANSWER 2 years
Which of the following is TRUE about a qualified retirement plan that is "top heavy"?
More than 40% of annual additions are for key employee accounts
More than 60% of plan assets are in key employee accounts
More than 50% of plan assets are in key employee accounts - ANSWER More than 60% of plan assets are
in key employee accounts
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