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XCEL Arizona Life insurance Exam Simulator||
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||NEWEST EXAM!!!
G had recently been terminated from his job that covered
him for group life insurance. How long does he have to
convert his coverage to an individual policy?
30 days
31 days
45 days
60 days - ANSWER-31 days
In small group accident and health plans, a late enrollee is
an individual who
-is covered under another group plan
- applies for coverage during an open enrollment period
-is permitted to enroll after an administrative review
-elects coverage after the initial eligibility period -
ANSWER-elects coverage after the initial eligibility period
In Arizona, when an individual is covered under a small
employer's accident and health plan, the pre-existing
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conditions exlcusion period may be partially or wholly
satisfied by
having creditable coverage with a previous employer
owning an individual dread disease policy
electing a high deductible plan
paying a fee - ANSWER-having creditable coverage with
a previous employer
When replacing an individual health policy in Arizona, the
required replacement notice to the applicant must include
Changes in premium amounts
A comparison of benefits
The name of the insurer that issued the original coverage
Notice that pre-existing conditions may not be covered -
ANSWER-Notice that pre-existing conditions may not be
covered
The "Notice to buyer" on the first page of each long term
care policy delivered in Arizona
explains that some long term care costs may not be
covered
provides the addresses of approved long term care
facilities
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states the possible disadvantages of replacement
states the cost of the coverage - ANSWER-explains that
some long term care costs may not be covered
When replacing individual health insurance, a producer
should compare existing benefits with the proposed new
policy to determine if
The insured must cancel the existing policy before
applying for another
The grace period of the existing policy will be renewed
Commissions payable under the new policy justify
replacement
Existing benefits would be maintained under the new plan
- ANSWER-Existing benefits would be maintained under
the new plan
Larry wants to purchase an individual disability income
policy to ensure that he will not experience a lapse in
income should he become disabled. He has a two-month
wage continuation benefit from his employer. What should
the policy elimination period be for his individual policy?
30 days
60 days
90 days
XCEL Arizona Life insurance Exam Simulator||
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||NEWEST EXAM!!!
G had recently been terminated from his job that covered
him for group life insurance. How long does he have to
convert his coverage to an individual policy?
30 days
31 days
45 days
60 days - ANSWER-31 days
In small group accident and health plans, a late enrollee is
an individual who
-is covered under another group plan
- applies for coverage during an open enrollment period
-is permitted to enroll after an administrative review
-elects coverage after the initial eligibility period -
ANSWER-elects coverage after the initial eligibility period
In Arizona, when an individual is covered under a small
employer's accident and health plan, the pre-existing
,2|Page
conditions exlcusion period may be partially or wholly
satisfied by
having creditable coverage with a previous employer
owning an individual dread disease policy
electing a high deductible plan
paying a fee - ANSWER-having creditable coverage with
a previous employer
When replacing an individual health policy in Arizona, the
required replacement notice to the applicant must include
Changes in premium amounts
A comparison of benefits
The name of the insurer that issued the original coverage
Notice that pre-existing conditions may not be covered -
ANSWER-Notice that pre-existing conditions may not be
covered
The "Notice to buyer" on the first page of each long term
care policy delivered in Arizona
explains that some long term care costs may not be
covered
provides the addresses of approved long term care
facilities
, 3|Page
states the possible disadvantages of replacement
states the cost of the coverage - ANSWER-explains that
some long term care costs may not be covered
When replacing individual health insurance, a producer
should compare existing benefits with the proposed new
policy to determine if
The insured must cancel the existing policy before
applying for another
The grace period of the existing policy will be renewed
Commissions payable under the new policy justify
replacement
Existing benefits would be maintained under the new plan
- ANSWER-Existing benefits would be maintained under
the new plan
Larry wants to purchase an individual disability income
policy to ensure that he will not experience a lapse in
income should he become disabled. He has a two-month
wage continuation benefit from his employer. What should
the policy elimination period be for his individual policy?
30 days
60 days
90 days
