XCEL HEALTH AND LIFE INSURANCE
CHAPTER EXAM LAWS AND RULES19
Prepaid dental plans differ from most other types of dental plans in what way? - ANSWERS-
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 - ANSWERS-Prohibited by law
A prepaid dental plan has an agreement in place with a network of dentists which - ANSWERS-
accepts an established amount that is considered full payment for services rendered
Which of the following actions is considered to be an unfair trade practice? - ANSWERS-A
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. - ANSWERS-2
Insurance crimes which affect interstate commerce are prosecuted by the - ANSWERS-US
Attorney General
Life settlement brokers are NOT allowed to - ANSWERS-Complete 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 - ANSWERS-Contact the employer if an employee stop's coverage under a plan offered
in the exchange
,A producer MUST notify the Director for - ANSWERS-Conducting business under an assumed
name
Which of these is NOT considered a Federal punishment for unfair and deceptive insurance
practices - ANSWERS-community service
A television advertisement features a health insurance product that is endorsed by a specific
group. In this advertisement, - ANSWERS-Any control by the insurer over this group must be
disclosed
The Affordable Care Act (ACA) established "exchanges" in order to - ANSWERS-assist 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 - ANSWERS-does NOT require evidence of insurability
What is the best way to define life insurance replacement? - ANSWERS-a 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. - ANSWERS-
Alien
Mentally or physically handicapped dependent children MUST be covered under an individual
health insurance policy - ANSWERS-Until they become self-supportive
Someone who is is licensed to negotiate a life settlement contract is called a(n) - ANSWERS-Life
settlement broker
, All of the following are typically covered under dental insurance EXCEPT - ANSWERS-Treatment
which began before the eligibility date
An example of endodontic treatment is a - ANSWERS-root canal
An Arizona resident producer must be at least ____ years of age - ANSWERS-18
Which of the following actions would be considered a felony in the State of Arizona? -
ANSWERS-Attempting 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 - ANSWERS-may
reduce the insured's benefits
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
ANSWERS-dentures
An annuity contract may be returned for a full refund during the - ANSWERS-Free-look period
All of the following are covered under most dental plans EXCEPT for - ANSWERS-mouth cancer
How long must a producer maintain customer records for an insurance transaction? - ANSWERS-
Three years
What is the actuarial value of a bronze level health plan? - ANSWERS-60
Which of the following does NOT involve a life settlement transaction? - ANSWERS-Converting
term life insurance to whole life insurance
CHAPTER EXAM LAWS AND RULES19
Prepaid dental plans differ from most other types of dental plans in what way? - ANSWERS-
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 - ANSWERS-Prohibited by law
A prepaid dental plan has an agreement in place with a network of dentists which - ANSWERS-
accepts an established amount that is considered full payment for services rendered
Which of the following actions is considered to be an unfair trade practice? - ANSWERS-A
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. - ANSWERS-2
Insurance crimes which affect interstate commerce are prosecuted by the - ANSWERS-US
Attorney General
Life settlement brokers are NOT allowed to - ANSWERS-Complete 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 - ANSWERS-Contact the employer if an employee stop's coverage under a plan offered
in the exchange
,A producer MUST notify the Director for - ANSWERS-Conducting business under an assumed
name
Which of these is NOT considered a Federal punishment for unfair and deceptive insurance
practices - ANSWERS-community service
A television advertisement features a health insurance product that is endorsed by a specific
group. In this advertisement, - ANSWERS-Any control by the insurer over this group must be
disclosed
The Affordable Care Act (ACA) established "exchanges" in order to - ANSWERS-assist 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 - ANSWERS-does NOT require evidence of insurability
What is the best way to define life insurance replacement? - ANSWERS-a 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. - ANSWERS-
Alien
Mentally or physically handicapped dependent children MUST be covered under an individual
health insurance policy - ANSWERS-Until they become self-supportive
Someone who is is licensed to negotiate a life settlement contract is called a(n) - ANSWERS-Life
settlement broker
, All of the following are typically covered under dental insurance EXCEPT - ANSWERS-Treatment
which began before the eligibility date
An example of endodontic treatment is a - ANSWERS-root canal
An Arizona resident producer must be at least ____ years of age - ANSWERS-18
Which of the following actions would be considered a felony in the State of Arizona? -
ANSWERS-Attempting 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 - ANSWERS-may
reduce the insured's benefits
Which of these is typically regarded as a major treatment in an indemnity dental plan? -
ANSWERS-dentures
An annuity contract may be returned for a full refund during the - ANSWERS-Free-look period
All of the following are covered under most dental plans EXCEPT for - ANSWERS-mouth cancer
How long must a producer maintain customer records for an insurance transaction? - ANSWERS-
Three years
What is the actuarial value of a bronze level health plan? - ANSWERS-60
Which of the following does NOT involve a life settlement transaction? - ANSWERS-Converting
term life insurance to whole life insurance
