ARIZONA LIFE AND HEALTH INSURANCE
LICENSING EXAM 2 VERSIONS 2025/2026
BANK ACTUAL 500 QUESTIONS WITH
DETAILED ANSWERS WITH STUDY GUIDE
EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+
Scott has a life insurance policy in which the dividends are
left with the insurance company. This particular policy
may be paid up when the cash value plus accumulated
dividends - ....ANSWER...equal the net single premium for
the same face amount at the insured's attained age
Which of the following is NOT guaranteed in a whole life
policy? - ....ANSWER...Dividend scale
An accident and health plan that typically covers ONLY
the services of approved providers is called a(n) -
....ANSWER...HMO plan
,What is normally the consequence for NOT obtaining
preadmission certification prior to receiving inpatient
medical care? - ....ANSWER...A reduction in benefits
Which statement is true regarding hospital preadmission
certification for emergency situations? -
....ANSWER...Notification is required to be given after
insured is admitted to the hospital
What will Medicare charge if someone doesn't enroll in
certain Medicare programs or plans when they're first
eligible? - ....ANSWER...late enrollment penalty
Which statement best defines what a Policy Title means
on an insurance policy? - ....ANSWER...Every policy must
have a title on the face and on the back of the policy, briefly
describing the policy
A(n) _______ insurer operates in the U.S but is
headquartered outside the U.S. - ....ANSWER...alien
,The _______ is responsible for determining the
appropriateness of a Medicare Supplement policy for an
applicant. - ....ANSWER...producer
A(n) _________ company is licensed by the Department of
Insurance to conduct insurance business in Arizona. -
....ANSWER...authorized
According to the Telemarketing Sales Rule, what is the
earliest time of the day that telemarketing calls may be
received? - ....ANSWER...8:00 AM
An insurer markets its products by soliciting customers by
mass media advertising and mail WITHOUT using the
services of a producer. Which of these marketing systems
does the insurer utilize? - ....ANSWER...Direct response
Which of the following is NOT a valid reason for an
insurer to refuse renewal of an individual accident and
health insurance policy? - ....ANSWER...The insured is
currently in poor health
, A life insurance policy can usually be contested by the
insurer only during the first ___ years of the contract. -
....ANSWER...two
Which of the following actions is considered to be an
unfair trade practice? - ....ANSWER...A producer who
sells insurance to an individual by means of threat
If a life insurance applicant is shown future premiums are
to be paid out of non-guaranteed values, the illustration
used in the sales presentation MUST -
....ANSWER...disclose that premium payments may need
to be resumed depending on actual results
Which of these actions is considered to be an Unfair
Claims Settlement Practice? -
....ANSWER...Misrepresenting pertinent policy provisions
relating to coverage after a loss
A handicapped child is covered under an individual health
policy. If continuation of coverage is needed beyond the
policy's age limit, which of the following is required? -
LICENSING EXAM 2 VERSIONS 2025/2026
BANK ACTUAL 500 QUESTIONS WITH
DETAILED ANSWERS WITH STUDY GUIDE
EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+
Scott has a life insurance policy in which the dividends are
left with the insurance company. This particular policy
may be paid up when the cash value plus accumulated
dividends - ....ANSWER...equal the net single premium for
the same face amount at the insured's attained age
Which of the following is NOT guaranteed in a whole life
policy? - ....ANSWER...Dividend scale
An accident and health plan that typically covers ONLY
the services of approved providers is called a(n) -
....ANSWER...HMO plan
,What is normally the consequence for NOT obtaining
preadmission certification prior to receiving inpatient
medical care? - ....ANSWER...A reduction in benefits
Which statement is true regarding hospital preadmission
certification for emergency situations? -
....ANSWER...Notification is required to be given after
insured is admitted to the hospital
What will Medicare charge if someone doesn't enroll in
certain Medicare programs or plans when they're first
eligible? - ....ANSWER...late enrollment penalty
Which statement best defines what a Policy Title means
on an insurance policy? - ....ANSWER...Every policy must
have a title on the face and on the back of the policy, briefly
describing the policy
A(n) _______ insurer operates in the U.S but is
headquartered outside the U.S. - ....ANSWER...alien
,The _______ is responsible for determining the
appropriateness of a Medicare Supplement policy for an
applicant. - ....ANSWER...producer
A(n) _________ company is licensed by the Department of
Insurance to conduct insurance business in Arizona. -
....ANSWER...authorized
According to the Telemarketing Sales Rule, what is the
earliest time of the day that telemarketing calls may be
received? - ....ANSWER...8:00 AM
An insurer markets its products by soliciting customers by
mass media advertising and mail WITHOUT using the
services of a producer. Which of these marketing systems
does the insurer utilize? - ....ANSWER...Direct response
Which of the following is NOT a valid reason for an
insurer to refuse renewal of an individual accident and
health insurance policy? - ....ANSWER...The insured is
currently in poor health
, A life insurance policy can usually be contested by the
insurer only during the first ___ years of the contract. -
....ANSWER...two
Which of the following actions is considered to be an
unfair trade practice? - ....ANSWER...A producer who
sells insurance to an individual by means of threat
If a life insurance applicant is shown future premiums are
to be paid out of non-guaranteed values, the illustration
used in the sales presentation MUST -
....ANSWER...disclose that premium payments may need
to be resumed depending on actual results
Which of these actions is considered to be an Unfair
Claims Settlement Practice? -
....ANSWER...Misrepresenting pertinent policy provisions
relating to coverage after a loss
A handicapped child is covered under an individual health
policy. If continuation of coverage is needed beyond the
policy's age limit, which of the following is required? -
