arizona laws and rules pertinant to insurance exam with answers

arizona laws and rules pertinant to insurance exam
with answers

Security |laws |passed |by |Congress |are |enforced |by |which |Federal |agency? |- |correct |answer |-Security
|and |Exchange |Commission




If |a |life |insurance |applicant |is |shown |future |premiums |are |to |be |paid |out |of |non-guaranteed |values,
|the |illustration |used |in |the |sales |presentation |MUST |- |correct |answer |-disclose |that |premium

|payments |may |be |resumed |depending |on |actual |results




A |group |Medicare |Supplement |policy |was |terminated |and |not |replaced |by |the |insurer. |In |this
|situation, |the |insurer |MUST |- |correct |answer |-provide |an |offer |of |conversion |to |individual |coverage




Which |of |the |following |is |an |example |of |defamation? |- |correct |answer |-Making |a |statement |that |is
|false |or |maliciously |critical |of |the |financial |condition |of |an |insurer




Under |Federal |Law, |which |of |the |following |actions |may |result |in |a |producer |becoming |imprisoned |-
|correct |answer |-Producer |embezzling |funds |from |an |insurer




The |Genetic |Information |Nondiscrimination |Act |2008 |bars |all |of |the |following |EXCEPT |- |correct
|answer |-prohibits |the |use |of |genetic |information |in |health |insurance, |unless |the |applicant |signs |a

|waiver




What |year |was |the |Mental |Health |Parity |and |Addiction |Equity |Act |established? |- |correct |answer |-
2008


The |______ |is |responsible |for |determining |the |appropriateness |of |a |Medicare |Supplement |policy
|for |an |applicant. |- |correct |answer |-producer




A |policyowner |decides |to |surrender |the |cash |value |of |a |whole |life |insurance |policy. |The |insurer |has
|up |to |____ |month(s) |to |delay |this |payment. |- |correct |answer |-6




Enrollees |in |a |staff |model |HMO |normally |have |which |of |the |following |pharmacy |options |available?
|- |correct |answer |-In-house |Pharmacy

, The |application |is |part |of |the |annuity |contract |according |to |the |- |correct |answer |-Entire |Contract
|Clause




According |to |the |Affordable |Care |Act |(ACA),insurers |can |no |longer |deny |health |coverage |due |to
|pre-existing |conditions |unless |that |plan |is |a(n) |- |correct |answer |-Grandfathered |Plan




Mentally |or |physically |handicapped |dependent |children |MUST |be |covered |under |an |individual
|health |insurance |policy |- |correct |answer |-until |they |become |self |supportive




Autopsies |may |be |requested |by |an |accident |and |health |insurer |- |correct |answer |-only |if |prohibited
|by |state |law




In |regards |to |the |Affordable |Care |Act |(ACA), |which |of |these |is |NOT |a |role |of |a |health |insurance
|exchange? |- |correct |answer |-Contact |the |employer |if |an |employee |stops |coverage |under |a |plan

|offered |in |exchange




After |an |annuity |has |been |in |force |for |___ |year(s), |it |becomes |incontestable. |- |correct |answer |-2


Which |of |the |following |actions |is |considered |to |be |an |unfair |trade |practice? |- |correct |answer |-A
|producer |who |sells |insurance |to |an |individual |by |means |of |threat




Greg |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? |- |correct |answer |-31 |days




A |life |insurance |policy |can |usually |be |contested |by |the |insurer |only |during |the |firs |___ |years |of |the
|contract. |- |correct |answer |-two




How |long |must |a |producer |maintain |customer |records |for |an |insurance |transaction? |- |correct
|answer |-three |years




A |health |insurance |claim |may |be |contested |due |to |statements |made |on |the |applications |for |up |to
|____ |year(s) |after |issuance |of |the |policy. |- |correct |answer |-2