XCEL
Arizona
/
Life
/
and
/
Health
/
Insurance
/
State
/
Exam
/
Questions With Correct Answers
/ / / /
Under /a /long-
term /care /inflation /rider, /the /benefit /levels /- /verified /answer(s)-
✔✔periodically /increase /without /proof /of /insurability
In /order /for /a /health /plan /to /be /an /"accountable /health /plan", /who /has
/to /approve /it? /- /verified /answer(s)-✔✔the /director
Medicare
/Part /A /coinsurance /payments /are /covered /by /- /verified /answer(s)-
✔✔Medicare /Supplement /Plan /A
Employees
/generally
/receive /workers /compensation /benefits /for /- /verified /answer(s)-
✔✔lost /wages /and /medical /expenses /due /to /occupational /accidents
,What
/year
/was
/the
/Mental
/Health
/Parity /and /Addiction /Equity /Act /established? /- /verified /answer(s)-
✔✔2008
In
/what
/situation
/would
/disability
/income
/insurance /premiums /be /a /deductible /expense? /- /verified /answer(s)-
✔✔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? /- /verified /answer(s)-
✔✔100%
A
/survivorship
/life
/insurance /policy /usually /covers /how /many /lives? /- /verified /answer(s)-
✔✔2
Mentally
/or
/physically
/handicapped
/dependent
/children
/MUST
/be
/covered
, under /an /individual /health /insurance /policy /- /verified /answer(s)-
/
✔✔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? /- /verified /answer(s)-✔✔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? /- /verified /answer(s)-
✔✔Partial /disability
Arizona
/
Life
/
and
/
Health
/
Insurance
/
State
/
Exam
/
Questions With Correct Answers
/ / / /
Under /a /long-
term /care /inflation /rider, /the /benefit /levels /- /verified /answer(s)-
✔✔periodically /increase /without /proof /of /insurability
In /order /for /a /health /plan /to /be /an /"accountable /health /plan", /who /has
/to /approve /it? /- /verified /answer(s)-✔✔the /director
Medicare
/Part /A /coinsurance /payments /are /covered /by /- /verified /answer(s)-
✔✔Medicare /Supplement /Plan /A
Employees
/generally
/receive /workers /compensation /benefits /for /- /verified /answer(s)-
✔✔lost /wages /and /medical /expenses /due /to /occupational /accidents
,What
/year
/was
/the
/Mental
/Health
/Parity /and /Addiction /Equity /Act /established? /- /verified /answer(s)-
✔✔2008
In
/what
/situation
/would
/disability
/income
/insurance /premiums /be /a /deductible /expense? /- /verified /answer(s)-
✔✔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? /- /verified /answer(s)-
✔✔100%
A
/survivorship
/life
/insurance /policy /usually /covers /how /many /lives? /- /verified /answer(s)-
✔✔2
Mentally
/or
/physically
/handicapped
/dependent
/children
/MUST
/be
/covered
, under /an /individual /health /insurance /policy /- /verified /answer(s)-
/
✔✔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? /- /verified /answer(s)-✔✔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? /- /verified /answer(s)-
✔✔Partial /disability
