Insurance Exam AZ # with 100% correct answers

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 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 - correct answer 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? - correct answer Misstatement of age Which of the following would most likely purchase an immediate annuity? - correct answer Retiree having a lump sum to invest. A signed good health statement may be requested by a life producer at the time of - correct answer 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? - correct answer A: 4,000 B: 2,000 Which of the following is NOT a valid contract age? - correct answer 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? - correct answer N