ARIZONA LIFE AND HEALTH INSURANCE EXAM QUESTIONS AND CORRECT ANSWERS LATEST UPDATE JUST RELEASED THIS YEAR

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ARIZONA LIFE AND HEALTH INSURANCE EXAM
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE JUST RELEASED THIS YEAR


Question: If an accident and health insurance claim form is NOT supplied to the insured within

15 says after the notice of claim, the insured may comply with the proof of loss provision by

submitting - ANSWER✔✔Written proof of the occurrence and extent of loss




Question: How are monthly life annuity benefit payments treated under a tax sheltered

annuity (TSA)? - ANSWER✔✔Taxed as ordinary income in the year received




Question: How does a continuous premium whole life policy differ from a limited payment

whole life policy? - ANSWER✔✔The time period in which premiums will be paid




Question: Which of these is an accurate statement regarding the fixed period settlement

option on a life insurance policy? - ANSWER✔✔A portion of the payments paid to the

beneficiary comes from interest calculated on the proceeds of the policy

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Question: Under what circumstance does an accident and health insurer have the right to

request an autopsy? - ANSWER✔✔When not prohibited by state law




Question: A material change in a modified endowment contract (MEC) results in -

ANSWER✔✔the seven pay test, adjusted for cash value, being applied again




Question: Under an adjustable life insurance policy, which of the following may NOT be

changed without further underwriting? - ANSWER✔✔The person insured




Question: Linda is covered with long-term care insurance and has early-stage Alzheimer's. She

is still able to reside in her home while receiving primary care, as opposed to moving into a

nursing home. All of the following long-term benefits encourage this EXCEPT for -

ANSWER✔✔custodial care




Q:When the disclosure of an insured's nonpublic information is involved, what is the insurer

obligated to do? - ANSWER✔✔Give notice, explain, and allow opting out

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Question: Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after -

ANSWER✔✔9:00 PM




Question: A health plan offered by private insurance companies is - ANSWER✔✔Medicare

Supplement




Question: Chris has a single major medical contract which covers all medical expenses. His plan

is considered to be - ANSWER✔✔comprehensive




Question: In accident and health insurance, 60 days must pass after written proof of loss has

been received by an insurer before the insured may - ANSWER✔✔Bring legal action against the

insurer




Question: When a ten year renewable term life insurance policy issued at age 45 is renewed,

the premium rate will be the current rate for - ANSWER✔✔Ten year term insurance for a person

aged 55

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Question: All of the following are unfair claims settlement practices except - ANSWER✔✔An

attempt to settle a claim by arbitration




Question: What is covered under a limited accident and health insurance policy? -

ANSWER✔✔Limited perils and amounts




Question: A life insurance policy provision that has the ability to reduce the death benefit is

called - ANSWER✔✔Accelerated (living) benefit




Question: Employer-paid qualified long-term care insurance premiums are typically -

ANSWER✔✔Excluded from the employee's gross income.




Question: Which statement regarding the certificate of insurance is accurate? -

ANSWER✔✔Indicates evidence of an employee's insurance coverage