Chapter Exam: Arizona Laws and Rules
All of the following is information that is reasonably appropriate to
determine the suitability of an annuity recommendation EXCEPT correct
answersLevel of education
Which plan offers coverage for nursing home (custodial) care without
requiring any previous period of hospitalization? correct answersAHCCCS
(Arizona Health Care Cost Containment System)
Under Arizona workers' compensation laws, which of following situations
would be excluded from disability benefits? correct answersIntentional self-
inflicted injuries at the workplace
An annuity becomes incontestable after I has been in force for . correct
answers2 Years
Jerry has an indemnity plan which covers dental expenses. Typically,
these type of plans correct answersCover preventative care once every
six months.
In Arizona, an insurer providing small employer group medical plans may
discontinue an employer's coverage if correct answersThe insurer no longer
offers the plan to any employer
Under Federal Law, which if the following actions may result in a producer
becoming imprisoned? correct answersProducer embezzling funds from an
insurer
The period during which a buyer may return a fixed annuity contract for a
full refund is called the? correct answersFree look period
Unless it is regarding fraud, which of the following statements about the
contestability of a life insurance plan is true? correct answersThe policy can
usually only be contested by the insurer during the first two years of the
contract.
Claim settlements practices of insurers are regulated by? correct
answersState insurance departments
Proceeds of a life settlement contract could be subject to the claims
of? correct answersCreditors
Under the Fair Credit Reporting Act, which statement is true? correct
answersThe consumer who was investigated must be advised that credit,
insurance, or employment was denied because of an unfavorable report.
, An accident and health insurance policy covers the insured, the insured's
spouse, and their child. If additional children are born to the family's the
accident and health insurance policy must cover the children? correct
answersFrom the date of birth.
Under which marketing system do insurers solicit customers by mass media
advertising and mail without the service of an agent? correct answersDirect
Response
In regards to the Affordable Care Act (ACA), which bid these is NOT a role of
the health insurance exchange? correct answersContact the employer if an
employee stops coverage under a plan offered in the exchange.
A terminated employee has how many days upon termination to
convey group life insurance coverage to an individual policy correct
answers31 Days
False advertising of an insurance policy is considered?
correct answersMisrepresentation
All of the following may obtain a temporary's producer's license
EXCEPT? correct answersAn employee of a licensed producer who is
retired.
If a group endorsed an accident and health insurance product in an
advertisement, the public must be made aware of? correct answersAny
control by the insurer over the group
The refusal of doing business with an individual or business is
called? correct answersBoycott
The administrator of a reciprocal insurer who manages the premiums
collected from the group's members Is called? correct answersAn attorney in
fact
Under the Telemarketing Sales Rule, telemarketing calls may NOT be
received until? correct answers8:00AM
Individual health insurance policies must cover mentally and physically
handicapped dependent children? correct answersUntil they become self-
supportive
A while life policy that provides a choice of dividend options must include
the following statement about dividends? correct answersThey are not
guaranteed
Illustrations used in the sales of life insurance contain a statement that
must be signed by? correct answersThe producer
During the first two years a Life insurance policy is in force, the insurer may
contest a policy for all of the following reasons EXCEPT? correct
answersMisstatement of age in the applicant
All of the following is information that is reasonably appropriate to
determine the suitability of an annuity recommendation EXCEPT correct
answersLevel of education
Which plan offers coverage for nursing home (custodial) care without
requiring any previous period of hospitalization? correct answersAHCCCS
(Arizona Health Care Cost Containment System)
Under Arizona workers' compensation laws, which of following situations
would be excluded from disability benefits? correct answersIntentional self-
inflicted injuries at the workplace
An annuity becomes incontestable after I has been in force for . correct
answers2 Years
Jerry has an indemnity plan which covers dental expenses. Typically,
these type of plans correct answersCover preventative care once every
six months.
In Arizona, an insurer providing small employer group medical plans may
discontinue an employer's coverage if correct answersThe insurer no longer
offers the plan to any employer
Under Federal Law, which if the following actions may result in a producer
becoming imprisoned? correct answersProducer embezzling funds from an
insurer
The period during which a buyer may return a fixed annuity contract for a
full refund is called the? correct answersFree look period
Unless it is regarding fraud, which of the following statements about the
contestability of a life insurance plan is true? correct answersThe policy can
usually only be contested by the insurer during the first two years of the
contract.
Claim settlements practices of insurers are regulated by? correct
answersState insurance departments
Proceeds of a life settlement contract could be subject to the claims
of? correct answersCreditors
Under the Fair Credit Reporting Act, which statement is true? correct
answersThe consumer who was investigated must be advised that credit,
insurance, or employment was denied because of an unfavorable report.
, An accident and health insurance policy covers the insured, the insured's
spouse, and their child. If additional children are born to the family's the
accident and health insurance policy must cover the children? correct
answersFrom the date of birth.
Under which marketing system do insurers solicit customers by mass media
advertising and mail without the service of an agent? correct answersDirect
Response
In regards to the Affordable Care Act (ACA), which bid these is NOT a role of
the health insurance exchange? correct answersContact the employer if an
employee stops coverage under a plan offered in the exchange.
A terminated employee has how many days upon termination to
convey group life insurance coverage to an individual policy correct
answers31 Days
False advertising of an insurance policy is considered?
correct answersMisrepresentation
All of the following may obtain a temporary's producer's license
EXCEPT? correct answersAn employee of a licensed producer who is
retired.
If a group endorsed an accident and health insurance product in an
advertisement, the public must be made aware of? correct answersAny
control by the insurer over the group
The refusal of doing business with an individual or business is
called? correct answersBoycott
The administrator of a reciprocal insurer who manages the premiums
collected from the group's members Is called? correct answersAn attorney in
fact
Under the Telemarketing Sales Rule, telemarketing calls may NOT be
received until? correct answers8:00AM
Individual health insurance policies must cover mentally and physically
handicapped dependent children? correct answersUntil they become self-
supportive
A while life policy that provides a choice of dividend options must include
the following statement about dividends? correct answersThey are not
guaranteed
Illustrations used in the sales of life insurance contain a statement that
must be signed by? correct answersThe producer
During the first two years a Life insurance policy is in force, the insurer may
contest a policy for all of the following reasons EXCEPT? correct
answersMisstatement of age in the applicant
