Arizona Life and Health Insurance State
Exam Simulator
Which statement regarding the cash value of a whole life insurance policy
is correct? correct answersAvailable to the policyowner when the policy
has been surrendered.
Which of the following is NOT a valid contract exchange? correct
answersAn annuity exchanged fora . life insurance policy.
Interest is credited to a fixed annuity no lower than the correct
answerscontract guaranteed rate
Under the uniform mandatory provisions, an accident and health insurer has
the right to request an autopsy correct answersOnly where not prohibited by
law
Which of the following would NOT be appropriate for an immediate
annuity? correct answersA parent saving for a child's college
Jerry has an indemnity plan which covers dental expenses. Typically,
these type of plans correct answerscover preventative care once every
six months
In what situation would disability income insurance premiums be a
deductible expense? correct answersCorporation paying for group disability
income coverage for its employees
which of these statements regarding insurance is false? correct answersAs
the number of insured units increases, the number of losses decreases
A MET third-party administrator may NOT perform which of the following
functions? correct answersMarketing the plan
which of the following statements regarding hospital pre-authorization is
NOT true? correct answersIt encourages weekend admission
Traditional individual retirement annuity (IRA) distributions must start
by correct answersApril 1st of the year following the year the
participant attains age 70 1/2
Use of XYZ Insurance Company brochures, business cards, and rating
guides is an example of correct answersExpressed authority
Medicare Part A covers which type of care? correct answersSkilled
nursing facility care
, Al surrenders his life insurance policy for its cash value. The total of the
premiums paid into the policy minus total dividends received in cash or
used to offset premiums is referred to as the correct answerscost basis
Which of the following health plans pay benefits on a pre-paid service
basis? correct answersHMO
Laura is a new employee and will be obtaining non-contributory group
Major Medical insurance from her employer. Which of the following actions
must she take during the open enrollment period? correct answersSign an
enrollment card
When determining the accumulation value of a deferred annuity, the total
is calculated by taking the premiums paid plus interest earned minus
correct answersexpenses and withdrawals
Which of the following health insurance plans charges a premium that
cannot be increased? correct answersNoncancelable
The contractual rights which allow the owner of a deferred annuity to
surrender the cash value several years before the annuity date are called
correct answersnonforfeiture options
The difference between a doctor's actual charges and the amount
approved by Medicare is referred to as a(n) correct answersexcess
charge
Giving up a known right on a voluntary basis is called a(n) correct
answerswaiver
Kim is covered under two medical expense plans. Plan A pays up to 5,000.
Plan B pays up to $4,000. If she incurs $7,000 in expenses, the coordination
of the benefits provision dictates that correct answersPlan A pays up to
$5,000 and Plan B pays up to $2,000
Who regulates an insurer's claim settlement practices? correct answersState
insurance departments
A life insurance policy that contains an accelerated (living) benefit rider will
provide funds if the correct answersinsured is expected to be confined to a
nursing home for life
Which of the following best describes the presumptive disability
provision? correct answersWaives the typical total disability
requirements
Elimination periods typically apply to correct answersdisability policies
What qualifies as acceptance of an insurance contract offer? correct
answersAn issued policy
Exam Simulator
Which statement regarding the cash value of a whole life insurance policy
is correct? correct answersAvailable to the policyowner when the policy
has been surrendered.
Which of the following is NOT a valid contract exchange? correct
answersAn annuity exchanged fora . life insurance policy.
Interest is credited to a fixed annuity no lower than the correct
answerscontract guaranteed rate
Under the uniform mandatory provisions, an accident and health insurer has
the right to request an autopsy correct answersOnly where not prohibited by
law
Which of the following would NOT be appropriate for an immediate
annuity? correct answersA parent saving for a child's college
Jerry has an indemnity plan which covers dental expenses. Typically,
these type of plans correct answerscover preventative care once every
six months
In what situation would disability income insurance premiums be a
deductible expense? correct answersCorporation paying for group disability
income coverage for its employees
which of these statements regarding insurance is false? correct answersAs
the number of insured units increases, the number of losses decreases
A MET third-party administrator may NOT perform which of the following
functions? correct answersMarketing the plan
which of the following statements regarding hospital pre-authorization is
NOT true? correct answersIt encourages weekend admission
Traditional individual retirement annuity (IRA) distributions must start
by correct answersApril 1st of the year following the year the
participant attains age 70 1/2
Use of XYZ Insurance Company brochures, business cards, and rating
guides is an example of correct answersExpressed authority
Medicare Part A covers which type of care? correct answersSkilled
nursing facility care
, Al surrenders his life insurance policy for its cash value. The total of the
premiums paid into the policy minus total dividends received in cash or
used to offset premiums is referred to as the correct answerscost basis
Which of the following health plans pay benefits on a pre-paid service
basis? correct answersHMO
Laura is a new employee and will be obtaining non-contributory group
Major Medical insurance from her employer. Which of the following actions
must she take during the open enrollment period? correct answersSign an
enrollment card
When determining the accumulation value of a deferred annuity, the total
is calculated by taking the premiums paid plus interest earned minus
correct answersexpenses and withdrawals
Which of the following health insurance plans charges a premium that
cannot be increased? correct answersNoncancelable
The contractual rights which allow the owner of a deferred annuity to
surrender the cash value several years before the annuity date are called
correct answersnonforfeiture options
The difference between a doctor's actual charges and the amount
approved by Medicare is referred to as a(n) correct answersexcess
charge
Giving up a known right on a voluntary basis is called a(n) correct
answerswaiver
Kim is covered under two medical expense plans. Plan A pays up to 5,000.
Plan B pays up to $4,000. If she incurs $7,000 in expenses, the coordination
of the benefits provision dictates that correct answersPlan A pays up to
$5,000 and Plan B pays up to $2,000
Who regulates an insurer's claim settlement practices? correct answersState
insurance departments
A life insurance policy that contains an accelerated (living) benefit rider will
provide funds if the correct answersinsured is expected to be confined to a
nursing home for life
Which of the following best describes the presumptive disability
provision? correct answersWaives the typical total disability
requirements
Elimination periods typically apply to correct answersdisability policies
What qualifies as acceptance of an insurance contract offer? correct
answersAn issued policy
