AZ Life & Health State Laws Exam
Questions with Correct Answers
100% Verified Graded A+
1. Process & Rules for Applying for Life/Health License as Individual
Answer> Must apply to Director of Insurance by submitting application within 1 year of
passing exam.
Application must contain identity/history/experience.
Must be 18+, resident, not committed any grounds for denial, paid required fees. Passed
licensing exam (has 4 attempts within year, or must wait another year to take)
Nonresidents must apply for resident license within 90 days of moving to AZ.
2. After you pass exam, how long do you have to apply for license?
Answer> 1 year
3. When someone with a nonresident license moves to AZ, how long do they have to
apply for resident license?
Answer> 90 days (Current resident license valid in good standing, if requirements met, no
exam required).
4. Process & Rules for Applying for Life/Health License as Business Enti
, Answer> -
Must pay nonrefundable feeds to Director of Insurance
Must designate individually licensed producer responsible for law compliance. Must have
at least one producer licensed for appropriate lines of authority in each office or place of
business.
Provide names of all officer/directors.
5. Define Business Entity
Answer> Any corporation, association, partnership, LLC, LLP or legal entity (not individual
or sole proprietorship).
6. Describe process of issuance of license
Answer> Director may require criminal records, fingerprints, and background check. First
given conditional license, if background is good, permanent/probationary license is issued.
7. If someone in the military takes Life/Health exam and then goes into active duty, how
long do they have to apply for license?
Answer> 1 year plus number of days they were in active service (not to exceed 18 months).
8. How many times does someone get to try to pass Life/Health exam?
Answer> 4 times within a 12 month period. If they fail 4 times, must wait 1 year. (If you fail
an exam covering more than one line of insurance, considered to fail exam for each individual
,line).
9. Resident License
Answer> Licensee with home state of Arizona (principal residence or place of business).
Someone can only have 1 resident license, but can have many other nonresident licenses.
10. Nonresident License
Answer> Licensee whose home state is not Arizona. Issued with- out exam to those who
have resident licenses in reciprocal states. Resident license in home state must be valid in
good standing.
11. Insurance Producer
Answer> Individual or business licensed to sell, solicit, or negotiate insurance. Can get
license in 1 or more lines of authority (ex. life, health, property, casualty).
12. What must insurance producer license include?
Answer> Licensee name, address, ID number, date of issue, lines of authority, expiration
date, any other info Director deems necessary.
13. Insurance Adjuster
Answer> A person who professionally adjusts, investigates, or ne- gotiates settlement of
claims on behalf of either the insurer or the insured (attorneys, producers, assistants to
adjusters, empoyees of insurers not included)
, 14. What requirements are necessary to be licensed as an adjuster?
Answer> Must apply to Director for license
Be 18+ and an AZ resident (or reciprocal state)
Pass licensing exam (or equivalent certificate from program involving 40 hours coursework
and test.
24 hours of continuing educations required biennially.
If licensed in home state, don't need to be licensed in AZ to investigate here.
15. Surplus Lines Insurance
Answer> Written by unauthorized insurers when coverage can't be written by authorized
insurance. Can be procured from surplus lines brokers licenses in AZ if diligent effort has
been made to obtain coverage in authorized manner.
16. Surplus Lines Broker
Answer> Must have license with Director in AZ.
Work with property and casualty producers to help policyholders obtain coverage, brokers
may receive fee, commission, etc.
Property & Casualty producers can also be Surplus Lines Brokers. Applicants
must pass Surplus Lines Exam.
17. Mexican Insurance Surplus Lines Broker
Questions with Correct Answers
100% Verified Graded A+
1. Process & Rules for Applying for Life/Health License as Individual
Answer> Must apply to Director of Insurance by submitting application within 1 year of
passing exam.
Application must contain identity/history/experience.
Must be 18+, resident, not committed any grounds for denial, paid required fees. Passed
licensing exam (has 4 attempts within year, or must wait another year to take)
Nonresidents must apply for resident license within 90 days of moving to AZ.
2. After you pass exam, how long do you have to apply for license?
Answer> 1 year
3. When someone with a nonresident license moves to AZ, how long do they have to
apply for resident license?
Answer> 90 days (Current resident license valid in good standing, if requirements met, no
exam required).
4. Process & Rules for Applying for Life/Health License as Business Enti
, Answer> -
Must pay nonrefundable feeds to Director of Insurance
Must designate individually licensed producer responsible for law compliance. Must have
at least one producer licensed for appropriate lines of authority in each office or place of
business.
Provide names of all officer/directors.
5. Define Business Entity
Answer> Any corporation, association, partnership, LLC, LLP or legal entity (not individual
or sole proprietorship).
6. Describe process of issuance of license
Answer> Director may require criminal records, fingerprints, and background check. First
given conditional license, if background is good, permanent/probationary license is issued.
7. If someone in the military takes Life/Health exam and then goes into active duty, how
long do they have to apply for license?
Answer> 1 year plus number of days they were in active service (not to exceed 18 months).
8. How many times does someone get to try to pass Life/Health exam?
Answer> 4 times within a 12 month period. If they fail 4 times, must wait 1 year. (If you fail
an exam covering more than one line of insurance, considered to fail exam for each individual
,line).
9. Resident License
Answer> Licensee with home state of Arizona (principal residence or place of business).
Someone can only have 1 resident license, but can have many other nonresident licenses.
10. Nonresident License
Answer> Licensee whose home state is not Arizona. Issued with- out exam to those who
have resident licenses in reciprocal states. Resident license in home state must be valid in
good standing.
11. Insurance Producer
Answer> Individual or business licensed to sell, solicit, or negotiate insurance. Can get
license in 1 or more lines of authority (ex. life, health, property, casualty).
12. What must insurance producer license include?
Answer> Licensee name, address, ID number, date of issue, lines of authority, expiration
date, any other info Director deems necessary.
13. Insurance Adjuster
Answer> A person who professionally adjusts, investigates, or ne- gotiates settlement of
claims on behalf of either the insurer or the insured (attorneys, producers, assistants to
adjusters, empoyees of insurers not included)
, 14. What requirements are necessary to be licensed as an adjuster?
Answer> Must apply to Director for license
Be 18+ and an AZ resident (or reciprocal state)
Pass licensing exam (or equivalent certificate from program involving 40 hours coursework
and test.
24 hours of continuing educations required biennially.
If licensed in home state, don't need to be licensed in AZ to investigate here.
15. Surplus Lines Insurance
Answer> Written by unauthorized insurers when coverage can't be written by authorized
insurance. Can be procured from surplus lines brokers licenses in AZ if diligent effort has
been made to obtain coverage in authorized manner.
16. Surplus Lines Broker
Answer> Must have license with Director in AZ.
Work with property and casualty producers to help policyholders obtain coverage, brokers
may receive fee, commission, etc.
Property & Casualty producers can also be Surplus Lines Brokers. Applicants
must pass Surplus Lines Exam.
17. Mexican Insurance Surplus Lines Broker
