Insurance Exam AZ questions with accurate detailed answers || || || || || || ||
An insurer must keep advertising materials and records for at least how many years? - ✔✔3
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The insurance coverage in a variable life insurance policy may vary based on the value of -
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✔✔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? - ✔✔If the amount of the fee or service charge is
|| || || || || || || || || || || || || || || || ||
reasonably related to the cost of the service. || || || || || || ||
The dental specialty which deals with the replacement of missing teeth is called -
|| || || || || || || || || || || || || ||
✔✔Prosthodontics
Which of the following is NOT a valid reason for an insurer to contest a life insurance policy
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during the policy's first two years of existence? - ✔✔Misstatement of age
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Which of the following would most likely purchase an immediate annuity? - ✔✔Retiree having a
|| || || || || || || || || || || || || || ||
lump sum to invest.
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A signed good health statement may be requested by a life producer at the time of - ✔✔Policy
|| || || || || || || || || || || || || || || || || ||
delivery
Tim is covered by Policy A with a $4,000 limit and by Policy B with a $2,000 limit. Policy A is
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primary. If a $6,000 loss is incurred, what will each policy pay? - ✔✔A: 4,000 B: 2,000
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Which of the following is NOT a valid contract age? - ✔✔An annuity exchanged for a life
|| || || || || || || || || || || || || || || || ||
insurance policy. ||
, Tim is covered by an accident and health insurance policy that may not be changed in any way by
|| || || || || || || || || || || || || || || || || || ||
the insurer up to a stetted age, as long as the premiums are paid. What type of policy is this? -
|| || || || || || || || || || || || || || || || || || || || ||
✔✔Noncancelable
An insurer will typically assess a back-end load on a deferred annuity that is cancelled during the
|| || || || || || || || || || || || || || || || ||
early contract years. What is the back-end load referred to as? - ✔✔Surrender charge
|| || || || || || || || || || || || ||
What is considered a valid reason for small corporations to insure the lives of its major
|| || || || || || || || || || || || || || || ||
stockholders? - ✔✔Fund a buy-sell agreement || || || || ||
The insured's consideration given for a health insurance policy is - ✔✔the first premium payment
|| || || || || || || || || || || || || || ||
and the application
|| ||
And since major medical health insurance policy contains an eligible expense provision which
|| || || || || || || || || || || || ||
identifies the types of healthcare services that are covered all of the following healthcare services
|| || || || || || || || || || || || || || ||
are typically covered except for - ✔✔experimental and investigative services
|| || || || || || || || ||
Mark is covered by a policy that issues the regular occupation (own-occ) definition of total
|| || || || || || || || || || || || || || ||
disability. He will be considered disabled if unable to - ✔✔perform the substantial and marital
|| || || || || || || || || || || || || || ||
duties of his regular occupation || || || ||
Patrick purchased a long-term care policy. He has a health condition for which medical treatment
|| || || || || || || || || || || || || || ||
was recommended by a physician within 6 months prior to the policy's effective date. This
|| || || || || || || || || || || || || || ||
condition is called a(n) - ✔✔pre-existing condition || || || || || ||
Newborn children are automatically covered under an existing family medical plan at the moment
|| || || || || || || || || || || || ||
of birth for a period of at least how many days? - ✔✔31
|| || || || || || || || || || || || ||
How are benefit payments from individually-owned medical expense policies treated for tax
|| || || || || || || || || || || ||
purposes? - ✔✔exempt from income taxes || || || || ||
An insurer must keep advertising materials and records for at least how many years? - ✔✔3
|| || || || || || || || || || || || || || ||
The insurance coverage in a variable life insurance policy may vary based on the value of -
|| || || || || || || || || || || || || || || || ||
✔✔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? - ✔✔If the amount of the fee or service charge is
|| || || || || || || || || || || || || || || || ||
reasonably related to the cost of the service. || || || || || || ||
The dental specialty which deals with the replacement of missing teeth is called -
|| || || || || || || || || || || || || ||
✔✔Prosthodontics
Which of the following is NOT a valid reason for an insurer to contest a life insurance policy
|| || || || || || || || || || || || || || || || || ||
during the policy's first two years of existence? - ✔✔Misstatement of age
|| || || || || || || || || || ||
Which of the following would most likely purchase an immediate annuity? - ✔✔Retiree having a
|| || || || || || || || || || || || || || ||
lump sum to invest.
|| || ||
A signed good health statement may be requested by a life producer at the time of - ✔✔Policy
|| || || || || || || || || || || || || || || || || ||
delivery
Tim is covered by Policy A with a $4,000 limit and by Policy B with a $2,000 limit. Policy A is
|| || || || || || || || || || || || || || || || || || || || ||
primary. If a $6,000 loss is incurred, what will each policy pay? - ✔✔A: 4,000 B: 2,000
|| || || || || || || || || || || || || || || ||
Which of the following is NOT a valid contract age? - ✔✔An annuity exchanged for a life
|| || || || || || || || || || || || || || || || ||
insurance policy. ||
, Tim is covered by an accident and health insurance policy that may not be changed in any way by
|| || || || || || || || || || || || || || || || || || ||
the insurer up to a stetted age, as long as the premiums are paid. What type of policy is this? -
|| || || || || || || || || || || || || || || || || || || || ||
✔✔Noncancelable
An insurer will typically assess a back-end load on a deferred annuity that is cancelled during the
|| || || || || || || || || || || || || || || || ||
early contract years. What is the back-end load referred to as? - ✔✔Surrender charge
|| || || || || || || || || || || || ||
What is considered a valid reason for small corporations to insure the lives of its major
|| || || || || || || || || || || || || || || ||
stockholders? - ✔✔Fund a buy-sell agreement || || || || ||
The insured's consideration given for a health insurance policy is - ✔✔the first premium payment
|| || || || || || || || || || || || || || ||
and the application
|| ||
And since major medical health insurance policy contains an eligible expense provision which
|| || || || || || || || || || || || ||
identifies the types of healthcare services that are covered all of the following healthcare services
|| || || || || || || || || || || || || || ||
are typically covered except for - ✔✔experimental and investigative services
|| || || || || || || || ||
Mark is covered by a policy that issues the regular occupation (own-occ) definition of total
|| || || || || || || || || || || || || || ||
disability. He will be considered disabled if unable to - ✔✔perform the substantial and marital
|| || || || || || || || || || || || || || ||
duties of his regular occupation || || || ||
Patrick purchased a long-term care policy. He has a health condition for which medical treatment
|| || || || || || || || || || || || || || ||
was recommended by a physician within 6 months prior to the policy's effective date. This
|| || || || || || || || || || || || || || ||
condition is called a(n) - ✔✔pre-existing condition || || || || || ||
Newborn children are automatically covered under an existing family medical plan at the moment
|| || || || || || || || || || || || ||
of birth for a period of at least how many days? - ✔✔31
|| || || || || || || || || || || || ||
How are benefit payments from individually-owned medical expense policies treated for tax
|| || || || || || || || || || || ||
purposes? - ✔✔exempt from income taxes || || || || ||
