Arizona life and health insurance exam with guaranteed accurate answers 2024

When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - correct answer Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - correct answer 9:00 PM A health plan offered by private insurance companies is - correct answer Medicare Supplement Chris has a single major medical contract which covers all medical expenses. His plan is considered to be - correct answer comprehensive In accident and health insurance, 60 days must pass after written proof of loss has been received by an insurer before the insured may - correct answer Bring legal action against the insurer When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for - correct answer Ten year term insurance for a person aged 55 All of the following are unfair claims settlement practices except - correct answer An attempt to settle a claim by arbitration What is covered under a limited accident and health insurance policy? - correct answer Limited perils and amounts A life insurance policy provision that has the ability to reduce the death benefit is called - correct answer Accelerated (living) benefit If an accident and health insurance claim form is NOT supplied to the insured within 15 says after the notice of claim, the insured may comply with the proof of loss provision by submitting - correct answer Written proof of the occurrence and extent of loss How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)? - correct answer Taxed as ordinary income in the year received How does a continuous premium whole life policy differ from a limited payment whole life policy? - correct answer The time period in which premiums will be paid Which of these is an accurate statement regarding the fixed period settlement option on a life insurance policy? - correct answer A portion of the payments paid to the beneficiary comes from interest calculated on the proceeds of the policy Under what circumstance does an accident and health insurer have the right to request an autopsy? - correct answer When not prohibited by state law A material change in a modified endowment contract (MEC) results in - correct answer the seven pay test, adjusted for cash value, being applied again Under an adjustable life insurance policy, which of the following may NOT be changed without further underwriting? - correct answer The person insured Linda is covered with long-term care insurance and has early-stage Alzheimer's. She is still able to reside in her home while receiving primary care, as opposed to moving into a nursing home. All of the following long-term benefits encourage this EXCEPT for - correct answer custodial care Employer-paid qualified long-term care insurance premiums are typically - correct answer Excluded from the employee's gross income. Which statement regarding the certificate of insurance is accurate? - correct answer Indicates evidence of an employee's insurance coverage Purchasing insurance is an example of risk - correct answer transference When an applicant applies for a large amount of life insurance coverage, which of the following would likely NOT be an underwriting requirement? - correct answer eye examination A comprehensive major medical health insurance policy contains an eligible expenses provision which iden