Fiduciary AZ Certification Exam Questions and Answers
Question 1
Upon completion of an investigation, with or without a hearing, the fiduciary board may impose civil penalt(ies)not to
exceed how much for each violation and not to exceed a total of how much?
Correct Answer
$500 per violation ; $15,000 total
Question 2
How many days does a licensee have to notify AOC staff of a misdemeanor or felony conviction?
Correct Answer
10 days
Question 3
Within how many days of receipt for hearing should the hearing be held?
Correct Answer
60 days
Page 1 of 13
, Question 4
After the disciplinary hearing, how many days does the hearing officer have to prepare and file a written recommendation?
Correct Answer
30 days
Question 5
Within how many days upon expiration or surrender of the license does the AOC division staff have to return any cash
bond not forfeited?
Correct Answer
120 days
Question 6
How many days does AOC staff have to mail the boards final order of suspension to the certificate holder?
Correct Answer
2 days
Question 7
Once a designated principal has provided notice of inability to serve, how many days does the business entity have to file
with the division staff, the executed principle form, naming the new principal?
Correct Answer
30 days
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Question 1
Upon completion of an investigation, with or without a hearing, the fiduciary board may impose civil penalt(ies)not to
exceed how much for each violation and not to exceed a total of how much?
Correct Answer
$500 per violation ; $15,000 total
Question 2
How many days does a licensee have to notify AOC staff of a misdemeanor or felony conviction?
Correct Answer
10 days
Question 3
Within how many days of receipt for hearing should the hearing be held?
Correct Answer
60 days
Page 1 of 13
, Question 4
After the disciplinary hearing, how many days does the hearing officer have to prepare and file a written recommendation?
Correct Answer
30 days
Question 5
Within how many days upon expiration or surrender of the license does the AOC division staff have to return any cash
bond not forfeited?
Correct Answer
120 days
Question 6
How many days does AOC staff have to mail the boards final order of suspension to the certificate holder?
Correct Answer
2 days
Question 7
Once a designated principal has provided notice of inability to serve, how many days does the business entity have to file
with the division staff, the executed principle form, naming the new principal?
Correct Answer
30 days
Page 2 of 13
