Arizona Insurance Exam: Content Outline
and Key Topics UPDATED Study Guide
QUESTIONS AND CORRECT ANSWERS
- What is the total number of questions on the Arizona Examination
for Life, Accident and Health Insurance Producer? - CORRECT
ANSWERS 150 questions
What is the time limit for the Arizona insurance examination? -
CORRECT ANSWERS 2.5 hours
What percentage of the examination is dedicated to Insurance
Regulation? - CORRECT ANSWERS 4%
What are the licensing eligibility requirements for insurance
producers? - CORRECT ANSWERS Lawful presence and
specific application requirements.
What types of licensees are included in Arizona's insurance
regulations? - CORRECT ANSWERS Producers, nonresidents,
adjusters, life settlement brokers, business entities, and surplus lines
brokers.
What is required for a license application in Arizona? - CORRECT
ANSWERS Fingerprinting and an assumed business name, if
applicable.
, What happens to an insurance license during military service? -
CORRECT ANSWERS It can be placed in inactive status.
What constitutes an insurance transaction under Arizona law? -
CORRECT ANSWERS Negotiating, selling, soliciting, and
payment of premiums.
What are some examples of unfair practices in insurance? -
CORRECT ANSWERS Misrepresentation, false advertising,
and unfair discrimination.
What federal act addresses mental health parity in insurance? -
CORRECT ANSWERS Mental Health Parity and Addiction
Equity Act.
What is the purpose of the Affordable Care Act in relation to
insurance? - CORRECT ANSWERS To regulate health
insurance coverage and ensure access to care.
What are the types of insurers recognized in Arizona? - CORRECT
ANSWERS Mutual, stock, fraternal, captive insurance
companies, and risk retention groups.
What are the nonforfeiture options available in life insurance? -
CORRECT ANSWERS Cash surrender value, extended term,
and reduced paid-up insurance.
and Key Topics UPDATED Study Guide
QUESTIONS AND CORRECT ANSWERS
- What is the total number of questions on the Arizona Examination
for Life, Accident and Health Insurance Producer? - CORRECT
ANSWERS 150 questions
What is the time limit for the Arizona insurance examination? -
CORRECT ANSWERS 2.5 hours
What percentage of the examination is dedicated to Insurance
Regulation? - CORRECT ANSWERS 4%
What are the licensing eligibility requirements for insurance
producers? - CORRECT ANSWERS Lawful presence and
specific application requirements.
What types of licensees are included in Arizona's insurance
regulations? - CORRECT ANSWERS Producers, nonresidents,
adjusters, life settlement brokers, business entities, and surplus lines
brokers.
What is required for a license application in Arizona? - CORRECT
ANSWERS Fingerprinting and an assumed business name, if
applicable.
, What happens to an insurance license during military service? -
CORRECT ANSWERS It can be placed in inactive status.
What constitutes an insurance transaction under Arizona law? -
CORRECT ANSWERS Negotiating, selling, soliciting, and
payment of premiums.
What are some examples of unfair practices in insurance? -
CORRECT ANSWERS Misrepresentation, false advertising,
and unfair discrimination.
What federal act addresses mental health parity in insurance? -
CORRECT ANSWERS Mental Health Parity and Addiction
Equity Act.
What is the purpose of the Affordable Care Act in relation to
insurance? - CORRECT ANSWERS To regulate health
insurance coverage and ensure access to care.
What are the types of insurers recognized in Arizona? - CORRECT
ANSWERS Mutual, stock, fraternal, captive insurance
companies, and risk retention groups.
What are the nonforfeiture options available in life insurance? -
CORRECT ANSWERS Cash surrender value, extended term,
and reduced paid-up insurance.
