Arizona Health/Life Insurance 104 Exam
Questions
The ACA (Affordable Care Act) must ensure a sufficient choice of ____________
in the marketplace: - ✔ ✔ providers
A(n) ______________ company is licensed by the Department of Insurance to
conduct insurance business in Arizona. - ✔ ✔ authorized
The surrender charge on many deferred annuity contracts are waived when the
- ✔ ✔ annuitant dies or becomes disabled
Bryce purchased a disability income policy with a rider that guarantees him the
option of purchasing additional amounts of coverage at predetermined times
without requiring to provide evidence of insurability. What kind of rider is this?
- ✔ ✔ Guaranteed insurability rider
A life insurance policy provision that has the ability to reduce the death benefit
is called the - ✔ ✔ accelerated (living) benefit
When is it acceptable to charge or receive a fee or service charge in addition to
the premium in connection with the transaction of insurance? - ✔ ✔ if the
, amount of the fee or service charge is reasonably related to the cost of the
service
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance.
No further payments are permitted and the income stream begins in 15 years.
This contract is a(n) - ✔ ✔ single premium deferred annuity
For purposes of disability income insurance, earned income would include all of
the following EXCEPT - ✔ ✔ Dividends
Which of the following is NOT an objective of the National Association of
Insurance Commissioners? - ✔ ✔ Regulate State Insurance Commissioners
Which of the following does NOT help determine group health insurance
premiums? - ✔ ✔ Income level of group members
All of the following are typically covered under dental insurance EXCEPT - ✔ ✔
Treatment which began before the eligibility date
Which of the following disability income provisions allows two periods of
disability to be counted as one? - ✔ ✔ Recurrent disability
James is covered with health insurance by two different insurers. The
"insurance with other insurers" provision in an individual health insurance
Questions
The ACA (Affordable Care Act) must ensure a sufficient choice of ____________
in the marketplace: - ✔ ✔ providers
A(n) ______________ company is licensed by the Department of Insurance to
conduct insurance business in Arizona. - ✔ ✔ authorized
The surrender charge on many deferred annuity contracts are waived when the
- ✔ ✔ annuitant dies or becomes disabled
Bryce purchased a disability income policy with a rider that guarantees him the
option of purchasing additional amounts of coverage at predetermined times
without requiring to provide evidence of insurability. What kind of rider is this?
- ✔ ✔ Guaranteed insurability rider
A life insurance policy provision that has the ability to reduce the death benefit
is called the - ✔ ✔ accelerated (living) benefit
When is it acceptable to charge or receive a fee or service charge in addition to
the premium in connection with the transaction of insurance? - ✔ ✔ if the
, amount of the fee or service charge is reasonably related to the cost of the
service
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance.
No further payments are permitted and the income stream begins in 15 years.
This contract is a(n) - ✔ ✔ single premium deferred annuity
For purposes of disability income insurance, earned income would include all of
the following EXCEPT - ✔ ✔ Dividends
Which of the following is NOT an objective of the National Association of
Insurance Commissioners? - ✔ ✔ Regulate State Insurance Commissioners
Which of the following does NOT help determine group health insurance
premiums? - ✔ ✔ Income level of group members
All of the following are typically covered under dental insurance EXCEPT - ✔ ✔
Treatment which began before the eligibility date
Which of the following disability income provisions allows two periods of
disability to be counted as one? - ✔ ✔ Recurrent disability
James is covered with health insurance by two different insurers. The
"insurance with other insurers" provision in an individual health insurance
