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Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Arizona Life Insurance Exam With Questions And Answers ...

Arizona Life Insurance Exam Questions with Verified Answers Already Passed Insurance ANSa contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In insurance, the policy protects survivors from losses suffered after the insured's death ANSLife Insurance the risk of loss from an individual or business to an insurance company ANSTransfers Risk ANSthe uncertainty or ch...

a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answer they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstanding debts 2. are paid directly to the insured`s cre...

a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Answer-they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstanding debts 2. are paid directly to the insured`s creditors, with...

Arizona Life Insurance Exam Questions and Answers 100% Pass a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answer ️️ -they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstandi...

Life & Health Insurance Exam Questions and Answers 100% Pass Insurance - Correct Answer ️️ -transfer of risk Speculative risk - Correct Answer ️️ -has a possibility of both loss and gain Pure risk - Correct Answer ️️ -only has a possibility of loss (no gain) Exposure - Correct Answer ️️ -risks for which an insurance company would be liable expressed in units Peril - Correct Answer ️️ -cause of a loss Hazard - Correct Answer ️️ -an increase in the chance of loss M...

Arizona Life Insurance Exam - Insurance Regulations Questions and Answers 100% Pass Cease and Desist - Correct Answer ️️ -To stop or discontinue Coercion - Correct Answer ️️ -Forceful act or threat aimed to influence a person to act against his or her will Commission - Correct Answer ️️ -Payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Director - Correct Answer ️️ -The head of the state Department of Insurance ...

Insurance Exam AZ #1333 Questions and Answers 100% Pass An insurer must keep advertising materials and records for at least how many years? - Correct Answer ️️ -3 The insurance coverage in a variable life insurance policy may vary based on the value of - Correct Answer ️️ -the underlying investments When is it acceptable to charge or receive a fee or service charge in addition to the premium in connection with the transaction of insurance? - Correct Answer ️️ -If the amount o...

FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS 100% PASS Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - Correct Answer ️️ -Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? - Correct Answer ️️ -Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this...

Arizona life and health insurance exam Questions and Answers 100% Pass When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - Correct Answer ️️ -Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - Correct Answer ️️ -9:00 PM A health plan offered by private insurance companies is - Correct Answer ️️ -Medicare Supplement Chris has a single major med...