Arizona Life and Health Insurance Exam Questions and Answers |Complete Solutions Graded
A+ |100% Correct
New born children are automatically covered under an existing families medical plan at the
moment of birth for a period of _____ days 31
A consumer who has been recently denied insurance, credit, or employment based on an
unfavorable consumer report MUST be advised as such. Which of the following does this statue
originate from? Fair Credit Reporting Act
A loss of minimum essential coverage usually counts as a qualifying event that triggers what?
A special enrollment period
The Arizona life and Disability insurance guaranty fund protects an insured person in the event
of The Insurers insolvency
If a Medicare supplement policy is cancelled by the insurer, which of these circumstances does
NOT require prior approval by the Arizona department of insurance? non payment of
premium.
In Arizona, at least ___ employees are needed for s small employer medical expense plan. 2
An insured must wait _____ days to bring legal action against an insurer after written proof of
loss has been received by the insurer. 60
If dividend option choices are offered on a whole life insurance policy, the policy MUST
Contain a statement that dividends are NOT guaranteed
If an insured legally adopts a baby within ____ months of birth, the maternity coverage for the
child's birth is covered. 6
, a life insurance policy can usually be contested by the insurer only during the first ____ years of
the contract 2
When does a family accident and health policy's coverage for a new born child begin? At the
moment of birth
The application is part of the annuity contract according to the Entire contract clause
Most Medicare supplement information used by an insurer must be approved by the state.
Which of the following types of information does NOT require state approval? Government
publications
A _______ Insurer restricts the exposure it writes to those of its owners Captive
Participants of a small group medical plan MUST be given advance notice of at least ____ days
prior to the plans discontinuation 180
Mentally or physically handicapped dependent children must be covered under an individual
health insurance policy Until they become self-supportive
Which of the following actions may result in a producers license being suspended?
Misappropriation of premiums
Insurance producer Kelly offers insured a $500 shopping card if they purchase an insurance
product through her. What is this an example of? Rebating
What must be disclosed when a producer advertises a life insurance policy? Name of the
actual insurer.
A+ |100% Correct
New born children are automatically covered under an existing families medical plan at the
moment of birth for a period of _____ days 31
A consumer who has been recently denied insurance, credit, or employment based on an
unfavorable consumer report MUST be advised as such. Which of the following does this statue
originate from? Fair Credit Reporting Act
A loss of minimum essential coverage usually counts as a qualifying event that triggers what?
A special enrollment period
The Arizona life and Disability insurance guaranty fund protects an insured person in the event
of The Insurers insolvency
If a Medicare supplement policy is cancelled by the insurer, which of these circumstances does
NOT require prior approval by the Arizona department of insurance? non payment of
premium.
In Arizona, at least ___ employees are needed for s small employer medical expense plan. 2
An insured must wait _____ days to bring legal action against an insurer after written proof of
loss has been received by the insurer. 60
If dividend option choices are offered on a whole life insurance policy, the policy MUST
Contain a statement that dividends are NOT guaranteed
If an insured legally adopts a baby within ____ months of birth, the maternity coverage for the
child's birth is covered. 6
, a life insurance policy can usually be contested by the insurer only during the first ____ years of
the contract 2
When does a family accident and health policy's coverage for a new born child begin? At the
moment of birth
The application is part of the annuity contract according to the Entire contract clause
Most Medicare supplement information used by an insurer must be approved by the state.
Which of the following types of information does NOT require state approval? Government
publications
A _______ Insurer restricts the exposure it writes to those of its owners Captive
Participants of a small group medical plan MUST be given advance notice of at least ____ days
prior to the plans discontinuation 180
Mentally or physically handicapped dependent children must be covered under an individual
health insurance policy Until they become self-supportive
Which of the following actions may result in a producers license being suspended?
Misappropriation of premiums
Insurance producer Kelly offers insured a $500 shopping card if they purchase an insurance
product through her. What is this an example of? Rebating
What must be disclosed when a producer advertises a life insurance policy? Name of the
actual insurer.
