Arizona life and health insurance exam
questions and answers 2025\2026 A+ Grade
When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to
do?
- correct answer Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after
- correct answer 9:00 PM
A health plan offered by private insurance companies is
- correct answer Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His plan is considered to be
- correct answer comprehensive
In accident and health insurance, 60 days must pass after written proof of loss has been received by an
insurer before the insured may
- correct answer Bring legal action against the insurer
When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will
be the current rate for
- correct answer Ten year term insurance for a person aged 55
All of the following are unfair claims settlement practices except
- correct answer An attempt to settle a claim by arbitration
What is covered under a limited accident and health insurance policy?
- correct answer Limited perils and amounts
,A life insurance policy provision that has the ability to reduce the death benefit is called
- correct answer Accelerated (living) benefit
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
- correct answer Written proof of the occurrence and extent of loss
How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)?
- correct answer Taxed as ordinary income in the year received
How does a continuous premium whole life policy differ from a limited payment whole life policy?
- correct answer The time period in which premiums will be paid
Which of these is an accurate statement regarding the fixed period settlement option on a life insurance
policy?
- correct answer A portion of the payments paid to the beneficiary comes from interest calculated on
the proceeds of the policy
Under what circumstance does an accident and health insurer have the right to request an autopsy?
- correct answer When not prohibited by state law
A material change in a modified endowment contract (MEC) results in
- correct answer the seven pay test, adjusted for cash value, being applied again
Under an adjustable life insurance policy, which of the following may NOT be changed without further
underwriting?
- correct answer The person insured
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
- correct answer custodial care
, Employer-paid qualified long-term care insurance premiums are typically
- correct answer Excluded from the employee's gross income.
Which statement regarding the certificate of insurance is accurate?
- correct answer Indicates evidence of an employee's insurance coverage
Purchasing insurance is an example of risk
- correct answer transference
When an applicant applies for a large amount of life insurance coverage, which of the following would
likely NOT be an underwriting requirement?
- correct answer eye examination
A comprehensive major medical health insurance policy contains an eligible expenses provision which
identifies the type of health care services that are covered. All of the following health care services are
typical covered EXCEPT for
- correct answer Experimental and investigative services
All of these statements concerning group credit life insurance are false EXCEPT
- correct answer The face amount is determined by the outstanding loan balance
Who may terminate coverage under and cancelable health insurance policy?
- correct answer insurer or insured
The interest credited to the cash values of personally-owned non-qualified annuities is considered
- correct answer tax deferred
An insurer that confines or largely limits the exposures it writes to those of its owners is called
- correct answer captive
Dividends from a mutual insurance company are paid to whom?
- correct answer Policyholders
questions and answers 2025\2026 A+ Grade
When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to
do?
- correct answer Give notice, explain, and allow opting out
Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after
- correct answer 9:00 PM
A health plan offered by private insurance companies is
- correct answer Medicare Supplement
Chris has a single major medical contract which covers all medical expenses. His plan is considered to be
- correct answer comprehensive
In accident and health insurance, 60 days must pass after written proof of loss has been received by an
insurer before the insured may
- correct answer Bring legal action against the insurer
When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will
be the current rate for
- correct answer Ten year term insurance for a person aged 55
All of the following are unfair claims settlement practices except
- correct answer An attempt to settle a claim by arbitration
What is covered under a limited accident and health insurance policy?
- correct answer Limited perils and amounts
,A life insurance policy provision that has the ability to reduce the death benefit is called
- correct answer Accelerated (living) benefit
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
- correct answer Written proof of the occurrence and extent of loss
How are monthly life annuity benefit payments treated under a tax sheltered annuity (TSA)?
- correct answer Taxed as ordinary income in the year received
How does a continuous premium whole life policy differ from a limited payment whole life policy?
- correct answer The time period in which premiums will be paid
Which of these is an accurate statement regarding the fixed period settlement option on a life insurance
policy?
- correct answer A portion of the payments paid to the beneficiary comes from interest calculated on
the proceeds of the policy
Under what circumstance does an accident and health insurer have the right to request an autopsy?
- correct answer When not prohibited by state law
A material change in a modified endowment contract (MEC) results in
- correct answer the seven pay test, adjusted for cash value, being applied again
Under an adjustable life insurance policy, which of the following may NOT be changed without further
underwriting?
- correct answer The person insured
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
- correct answer custodial care
, Employer-paid qualified long-term care insurance premiums are typically
- correct answer Excluded from the employee's gross income.
Which statement regarding the certificate of insurance is accurate?
- correct answer Indicates evidence of an employee's insurance coverage
Purchasing insurance is an example of risk
- correct answer transference
When an applicant applies for a large amount of life insurance coverage, which of the following would
likely NOT be an underwriting requirement?
- correct answer eye examination
A comprehensive major medical health insurance policy contains an eligible expenses provision which
identifies the type of health care services that are covered. All of the following health care services are
typical covered EXCEPT for
- correct answer Experimental and investigative services
All of these statements concerning group credit life insurance are false EXCEPT
- correct answer The face amount is determined by the outstanding loan balance
Who may terminate coverage under and cancelable health insurance policy?
- correct answer insurer or insured
The interest credited to the cash values of personally-owned non-qualified annuities is considered
- correct answer tax deferred
An insurer that confines or largely limits the exposures it writes to those of its owners is called
- correct answer captive
Dividends from a mutual insurance company are paid to whom?
- correct answer Policyholders
