Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam
Simulator
100% of the insured's primary insurance amount (PIA) - ANS-what is the maximum social
security disability benefit amount an insured can receive?
18 months - ANS-under HIPPA, medical plane late enrollees may be excluded for pre-existing
conditions for a maximum of
20 or more - ANS-how many employees must an employer have for the consolidated omnibus
budget reconciliation act of 1985 (COBRA) to apply?
20% - ANS-Mary has a Health Savings Account (HSA). Distributions that have been made for
anything other than qualified medical expenses are considered taxable and subject to a penalty
of
20% - ANS-Nonqualified medical expense distributions from a Health Savings Account (HSA)
have a tax penalty of
20% is withheld for income taxes - ANS-An individual participant personally received eligible
rollover funds from a profit-sharing plan. What is the income tax withholding requirements for
this transaction?
6 months - ANS-How long do most states allow an insurance company to delay the payment of
a cash surrender under the Delayed Payment provision?
60 days - ANS-the time limit an individual has to 'rollover' funds from an IRA or qualified plan is
90 - ANS-according to ERISA regulations, a summary plan description must be provided to a
new plan member within ___ days of the member's eligibility date
a federal health insurance program for individuals over the age of 65 or permanently disabled -
ANS-Medicare can be described as
A flexible premium deposit fund and a monthly renewable term insurance policy - ANS-which of
the following combinations best describe a universal life insurance policy?
a medicare supplement additional benefit - ANS-emergency health care coverage for Medicare
enrollees traveling abroad is
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
, Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
A parent saving for a child's college - ANS-Which of the following would NOT be appropriate for
an immediate annuity?
after two years of disability - ANS-an insured is covered under a group long-term disability
policy. Under this type of policy, the definition of disability based on any occupation typically
applies
AHCCCS - ANS-Which plan offers coverage for nursing home (custodial) care without requiring
any previous period of hospitalization?
An annuity exchanged fora . life insurance policy. - ANS-Which of the following is NOT a valid
contract exchange?
AN income benefit which is a percentage of his primary insurance amount - ANS-Rick is a
disabled worker receiving Social Security benefits. What are his wife and dependent children
eligible for?
An individual permanent life insurance policy - ANS-which type of policy can group term life
insurance normally be converted to?
An issued policy - ANS-What qualifies as acceptance of an insurance contract offer?
annual return/report (form 5500) - ANS-A description of a qualified plan's insurance contract
may be found in which ERISA reporting form?
annuitant dies ore becomes disabled - ANS-The surrender charge on many deferred annuity
contracts are waived when the
application - ANS-in Arizona, when personal information is collected from a source other than
the accident and health insurance applicant or public records, a notice of information practices
must be given to the applicant no later than the date of
application - ANS-in Arizona, when personal information is collected from a source other than
the accident and health insurance applicant or public records, a notice of information practices
must be given to the applicant no later than the date of
April 1st of the year following the year the participant attains age 70 1/2 - ANS-Traditional
individual retirement annuity (IRA) distributions must start by
as a section 1035 exchange - ANS-Kevin has an existing life insurance policy and assigns it to
another insurer for a new contract. How would this transaction be treated for tax purposes?
As the number of insured units increases, the number of losses decreases - ANS-which of these
statements regarding insurance is false?
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam
Simulator
100% of the insured's primary insurance amount (PIA) - ANS-what is the maximum social
security disability benefit amount an insured can receive?
18 months - ANS-under HIPPA, medical plane late enrollees may be excluded for pre-existing
conditions for a maximum of
20 or more - ANS-how many employees must an employer have for the consolidated omnibus
budget reconciliation act of 1985 (COBRA) to apply?
20% - ANS-Mary has a Health Savings Account (HSA). Distributions that have been made for
anything other than qualified medical expenses are considered taxable and subject to a penalty
of
20% - ANS-Nonqualified medical expense distributions from a Health Savings Account (HSA)
have a tax penalty of
20% is withheld for income taxes - ANS-An individual participant personally received eligible
rollover funds from a profit-sharing plan. What is the income tax withholding requirements for
this transaction?
6 months - ANS-How long do most states allow an insurance company to delay the payment of
a cash surrender under the Delayed Payment provision?
60 days - ANS-the time limit an individual has to 'rollover' funds from an IRA or qualified plan is
90 - ANS-according to ERISA regulations, a summary plan description must be provided to a
new plan member within ___ days of the member's eligibility date
a federal health insurance program for individuals over the age of 65 or permanently disabled -
ANS-Medicare can be described as
A flexible premium deposit fund and a monthly renewable term insurance policy - ANS-which of
the following combinations best describe a universal life insurance policy?
a medicare supplement additional benefit - ANS-emergency health care coverage for Medicare
enrollees traveling abroad is
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
, Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
A parent saving for a child's college - ANS-Which of the following would NOT be appropriate for
an immediate annuity?
after two years of disability - ANS-an insured is covered under a group long-term disability
policy. Under this type of policy, the definition of disability based on any occupation typically
applies
AHCCCS - ANS-Which plan offers coverage for nursing home (custodial) care without requiring
any previous period of hospitalization?
An annuity exchanged fora . life insurance policy. - ANS-Which of the following is NOT a valid
contract exchange?
AN income benefit which is a percentage of his primary insurance amount - ANS-Rick is a
disabled worker receiving Social Security benefits. What are his wife and dependent children
eligible for?
An individual permanent life insurance policy - ANS-which type of policy can group term life
insurance normally be converted to?
An issued policy - ANS-What qualifies as acceptance of an insurance contract offer?
annual return/report (form 5500) - ANS-A description of a qualified plan's insurance contract
may be found in which ERISA reporting form?
annuitant dies ore becomes disabled - ANS-The surrender charge on many deferred annuity
contracts are waived when the
application - ANS-in Arizona, when personal information is collected from a source other than
the accident and health insurance applicant or public records, a notice of information practices
must be given to the applicant no later than the date of
application - ANS-in Arizona, when personal information is collected from a source other than
the accident and health insurance applicant or public records, a notice of information practices
must be given to the applicant no later than the date of
April 1st of the year following the year the participant attains age 70 1/2 - ANS-Traditional
individual retirement annuity (IRA) distributions must start by
as a section 1035 exchange - ANS-Kevin has an existing life insurance policy and assigns it to
another insurer for a new contract. How would this transaction be treated for tax purposes?
As the number of insured units increases, the number of losses decreases - ANS-which of these
statements regarding insurance is false?
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
Arizona Life and Health Insurance State Exam Simulator.pdf
