XCEL HEALTH AND LIFE INSURANCE
CHAPTER EXAM LAWS AND RULES
Prepaid dental plans differ from most other types of dental plans in what way? - answer
Closed panel of dentist can only be used
A producer has indicated to a potential client that the proposed life insurance policy is
covered by the Arizona Life and Health Insurance Guaranty Association. This action
taken by a producer is - answer Prohibited by law
A prepaid dental plan has an agreement in place with a network of dentists which -
answeraccepts an established amount that is considered full payment for services
rendered
Which of the following actions is considered to be an unfair trade practice? - answerA
producer who sells insurance to an individual by means of threat
After a life insurance policy sold in Arizona has been in force for ______ year(s), it
becomes incontestable. - answer2
Insurance crimes which affect interstate commerce are prosecuted by the - answerUS
Attorney General
Life settlement brokers are NOT allowed to - answerComplete transactions prior to
being approved for a license
I'm regards to the Affordable Care Act (ACA), which of these is NOT a role of a health
insurance exchange - answerContact the employer if an employee stop's coverage
under a plan offered in the exchange
A producer MUST notify the Director for - answerConducting business under an
assumed name
Which of these is NOT considered a Federal punishment for unfair and deceptive
insurance practices - answercommunity service
A television advertisement features a health insurance product that is endorsed by a
specific group. In this advertisement, - answerAny control by the insurer over this group
must be disclosed
The Affordable Care Act (ACA) established "exchanges" in order to - answerassist
individuals and small businesses when making their health insurance purchase
, Group life plans sold in Arizona typically contain a conversion option. If the insured
elects this option, the new policy - answerdoes NOT require evidence of insurability
What is the best way to define life insurance replacement? - answera transaction in
which a new life insurance policy is purchased and an existing life insurance policy is
surrendered
A(n) ___________insurer operates in the U.S but is headquartered outside the U.S. -
answerAlien
Mentally or physically handicapped dependent children MUST be covered under an
individual health insurance policy - answerUntil they become self-supportive
Someone who is is licensed to negotiate a life settlement contract is called a(n) -
answerLife settlement broker
All of the following are typically covered under dental insurance EXCEPT -
answerTreatment which began before the eligibility date
An example of endodontic treatment is a - answerroot canal
An Arizona resident producer must be at least ____ years of age - answer18
Which of the following actions would be considered a felony in the State of Arizona? -
answerAttempting to defraud an insurer
A producer is proposing that a policyowner replace an existing individual health
insurance policy with a new one. Under the new contract, a pre-existing conditions
exclusion - answermay reduce the insured's benefits
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
answerdentures
An annuity contract may be returned for a full refund during the - answerFree-look
period
All of the following are covered under most dental plans EXCEPT for - answermouth
cancer
How long must a producer maintain customer records for an insurance transaction? -
answerThree years
What is the actuarial value of a bronze level health plan? - answer60
Which of the following does NOT involve a life settlement transaction? -
answerConverting term life insurance to whole life insurance
CHAPTER EXAM LAWS AND RULES
Prepaid dental plans differ from most other types of dental plans in what way? - answer
Closed panel of dentist can only be used
A producer has indicated to a potential client that the proposed life insurance policy is
covered by the Arizona Life and Health Insurance Guaranty Association. This action
taken by a producer is - answer Prohibited by law
A prepaid dental plan has an agreement in place with a network of dentists which -
answeraccepts an established amount that is considered full payment for services
rendered
Which of the following actions is considered to be an unfair trade practice? - answerA
producer who sells insurance to an individual by means of threat
After a life insurance policy sold in Arizona has been in force for ______ year(s), it
becomes incontestable. - answer2
Insurance crimes which affect interstate commerce are prosecuted by the - answerUS
Attorney General
Life settlement brokers are NOT allowed to - answerComplete transactions prior to
being approved for a license
I'm regards to the Affordable Care Act (ACA), which of these is NOT a role of a health
insurance exchange - answerContact the employer if an employee stop's coverage
under a plan offered in the exchange
A producer MUST notify the Director for - answerConducting business under an
assumed name
Which of these is NOT considered a Federal punishment for unfair and deceptive
insurance practices - answercommunity service
A television advertisement features a health insurance product that is endorsed by a
specific group. In this advertisement, - answerAny control by the insurer over this group
must be disclosed
The Affordable Care Act (ACA) established "exchanges" in order to - answerassist
individuals and small businesses when making their health insurance purchase
, Group life plans sold in Arizona typically contain a conversion option. If the insured
elects this option, the new policy - answerdoes NOT require evidence of insurability
What is the best way to define life insurance replacement? - answera transaction in
which a new life insurance policy is purchased and an existing life insurance policy is
surrendered
A(n) ___________insurer operates in the U.S but is headquartered outside the U.S. -
answerAlien
Mentally or physically handicapped dependent children MUST be covered under an
individual health insurance policy - answerUntil they become self-supportive
Someone who is is licensed to negotiate a life settlement contract is called a(n) -
answerLife settlement broker
All of the following are typically covered under dental insurance EXCEPT -
answerTreatment which began before the eligibility date
An example of endodontic treatment is a - answerroot canal
An Arizona resident producer must be at least ____ years of age - answer18
Which of the following actions would be considered a felony in the State of Arizona? -
answerAttempting to defraud an insurer
A producer is proposing that a policyowner replace an existing individual health
insurance policy with a new one. Under the new contract, a pre-existing conditions
exclusion - answermay reduce the insured's benefits
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
answerdentures
An annuity contract may be returned for a full refund during the - answerFree-look
period
All of the following are covered under most dental plans EXCEPT for - answermouth
cancer
How long must a producer maintain customer records for an insurance transaction? -
answerThree years
What is the actuarial value of a bronze level health plan? - answer60
Which of the following does NOT involve a life settlement transaction? -
answerConverting term life insurance to whole life insurance
