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XCEL Arizona Life and Health Insurance State Exam COMPLETE QUESTIONS & SOLUTIONS(RATED A) $14.99   Add to cart

Exam (elaborations)

XCEL Arizona Life and Health Insurance State Exam COMPLETE QUESTIONS & SOLUTIONS(RATED A)

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  • Arizona Life and Health Insurance
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  • Arizona Life And Health Insurance

Under a long-term care inflation rider, the benefit levels - ANSWER periodically increase without proof of insurability In order for a health plan to be an "accountable health plan", who has to approve it? - ANSWER the director Medicare Part A coinsurance payments are covered by - ANSWER Medi...

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  • October 28, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Arizona Life and Health Insurance
  • Arizona Life and Health Insurance
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shantelleG
XCEL Arizona Life and Health Insurance State
Exam COMPLETE QUESTIONS &
SOLUTIONS(RATED A)

Under a long-term care inflation rider, the benefit levels - ANSWER periodically increase without proof of
insurability



In order for a health plan to be an "accountable health plan", who has to approve it? - ANSWER the
director



Medicare Part A coinsurance payments are covered by - ANSWER Medicare Supplement Plan A



Employees generally receive workers compensation benefits for - ANSWER lost wages and medical
expenses due to occupational accidents



What year was the Mental Health Parity and Addiction Equity Act established? - ANSWER 2008



In what situation would disability income insurance premiums be a deductible expense? - ANSWER
Corporation paying for group disability income coverage for its employees



John received a one-time distribution of $50,000 from his modified endowment contract (MEC). Prior to
that, the contract's cash value was $150,000, the contract investment amount was $100,000, and the
death benefit was $500,000. What percentage of the $50,000 distribution was taxable as ordinary
income? - ANSWER 100%



A survivorship life insurance policy usually covers how many lives? - ANSWER 2



Mentally or physically handicapped dependent children MUST be covered under an individual health
insurance policy - ANSWER until they become self-supportive

, ERISA requires that a Summary Plan Description must be provided to a new plan member within how
many days following the new member's eligibility date? - ANSWER 90 days



A policyowner suffers an injury that renders him incapable of performing one or more important job
duties. Any decrease in income resulting from this injury would make him eligible for benefits under
which provision? - ANSWER Partial disability



The time limit an individual has to "rollover" funds from an IRA or qualified plan is - ANSWER 60 days



A life annuity with period certain is characterized as - ANSWER guaranteeing benefit payments for a
stated minimum number of years



James owns a business and purchased a policy that covers the business expense of finding a permanent
or temporary employee to replace a disabled one. This type of disability coverage is called - ANSWER Key
employee coverage



Kelly purchases a health insurance policy issued on a conditionally renewable basis. The insurance
company has a right to refuse renewal of the policy for - ANSWER specific reasons stated in the contract



Who is the beneficiary in a life insurance policy? - ANSWER The stated person or entity who is
designated to receive the death proceeds



The guarantee of insurability option provides a long-term care policyowner the ability to - ANSWER buy
additional coverage at a later date



Most prepaid dental plans cover - ANSWER Oral examinations



A policyowner fell behind on the premium payments of a whole life policy and is now in the grace
period. How much will the beneficiary receive if the insured dies during this grace period and the policy
also contains an outstanding policy loan? - ANSWER Face amount minus the loan balance and past-due
premium

, In regards to the Affordable Care Act (ACA), which of these is NOT a role of a health insurance exchange?
- ANSWER Contact the employer if an employee stops coverage under a plan offered in the exchange



An insurer must keep advertising materials and records for at least how many years? - ANSWER 3 years



A consumer who has been recently denied insurance, credit, or employment based on an unfavorable
consumer report MUST be advised as such. Which of the following does this statute originate from? -
ANSWER Fair Credit Reporting Act



The disability income policy most likely to have been issued on a substandard basis is - ANSWER Non-
cancelable with a health condition exclusion rider



Which of the following situations would a medical exam NOT be required for an individual health
insurance applicant? - ANSWER Applicant's family members have a history of cancer



A Medicare Supplement policy is required to do which of the following? - ANSWER Provide a 30 day free-
look period



A statement MUST be signed by the _________ for any illustrations used in the sale of a life insurance
policy. - ANSWER producer



The policy provision that permits an employee to change from group life coverage to an individual life
policy is called the - ANSWER conversion provision



A physician who accepts assignment on all Medicare claims is called a(n) - ANSWER participating
provider



Straight whole life insurance can be accurately described in all of these statements EXCEPT - ANSWER
Policy protection normally expires at age 65



An agent whose actions exceed the authority granted by contract is - ANSWER not backed by the insurer

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