ARIZONA LIFE AND HEALTH INSURANCE LICENSING EXAM
NEW VERSION 2025/2026 BANK ACTUAL 700 QUESTIONS
WITH DETAILED ANSWERS WITH STUDY GUIDE EXPERTLY
VERIFIED FOR GUARANTEED PASS/ALREADY GRADED A+!!!.
ARIZONA LIFE AND HEALTH INSURANCE LICENSING 2025
If an existing Medicare Supplement policy is being replaced by a new policy, who is
required to sign the notice of replacement? - - ANS - -Producer and applicant
A loss of minimum essential coverage usually counts as a qualifying event that
triggers what? - - ANS - -a special enrollment period
If an insured legally adopts a baby within ___ month(s) of birth, the maternity
coverage for the child's birth is covered. - - ANS - -12
In order for a health plan to be an "accountable health plan", who has to approve it? -
- ANS - -the director
The purpose of the 'No-loss No-gain' provision is to avoid duplication of __________ and
___________ when an individual is covered under multiple group health insurance
plans: - - ANS - -benefit payments and over insurance
,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 statute originate from? - - ANS - -Fair Credit Reporting Act
Participants of a small group medical plan MUST be given advance notice of at least
___ days prior to the plan's discontinuation. - - ANS - -180
A licensee whose name or address changes must notify the Department of Insurance
within ___ days. - - ANS - -30
A(n) ________ insurer restricts the exposures it writes to those of its owners. - - ANS -
-captive
Under which circumstance may an insurer discontinue a small employer group
medical plan? - - ANS - -Insurer discontinues offering the plan to all employers
In Arizona, the Human Immunodeficiency Virus (HIV) consent form - - ANS - -must
disclose who will be receiving a copy of the test results
A statement MUST be signed by the _________ for any illustrations used in the sale of a
life insurance policy. - - ANS - -producer
After an annuity has been in force for ___ year(s), it becomes incontestable. - - ANS -
-2
,An annuity contract may be returned for a full refund during the - - ANS - -free look
period
The refusal of doing business with an individual or business is called a(n) - - ANS - -
boycott
The Telemarketing Sales Rule states that ______ is the LATEST time of day that
telemarketing calls may be received. - - ANS - -9:00 PM
Greg had recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy? - -
ANS - -31 days
If a producer replaces a client's existing life insurance policy with a new one, which of
these actions is advisable? - - ANS - -Wait until the new policy is issued and
delivered before surrendering existing policy
If dividend option choices are offered on a whole life insurance policy, the policy MUST
- - ANS - -contain a statement that dividends are NOT guaranteed
Which of the following may be considered an act of misrepresentation? - - ANS - -
Misleading or failing to adequately disclose the title and true nature of a policy
offered to a client
The application is part of the annuity contract according to the - - ANS - -Entire
Contract clause
, Which of these individuals may NOT obtain a temporary producer license? - - ANS - -
An employee of a retired licensed producer
Which of the following entities does NOT establish regulations for variable insurance
products? - - ANS - -State attorney general
Who manages the premiums collected from a group's members for a reciprocal
insurer? - - ANS - -Attorney in fact
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first two years of existence? - - ANS - -Misstatement of age
A client applies for an individual accident and health policy in Arizona. If the insurer
collects personal information from any source other than public records or the
applicant, a notice of application practices MUST be given to the applicant no later
than the - - ANS - -application date
A group Medicare Supplement policy was terminated and not replaced by the insurer.
In this situation, the insurer MUST - - ANS - -provide an offer of conversion to
individual coverage
A health insurance claim may be contested due to statements made on the
applications for up to ___ year(s) after issuance of the policy. - - ANS - -4
A licensee or applicant who is ordered into active military service may request that
the license or application be placed on inactive status by sending the department a: -
- ANS - -written statement
NEW VERSION 2025/2026 BANK ACTUAL 700 QUESTIONS
WITH DETAILED ANSWERS WITH STUDY GUIDE EXPERTLY
VERIFIED FOR GUARANTEED PASS/ALREADY GRADED A+!!!.
ARIZONA LIFE AND HEALTH INSURANCE LICENSING 2025
If an existing Medicare Supplement policy is being replaced by a new policy, who is
required to sign the notice of replacement? - - ANS - -Producer and applicant
A loss of minimum essential coverage usually counts as a qualifying event that
triggers what? - - ANS - -a special enrollment period
If an insured legally adopts a baby within ___ month(s) of birth, the maternity
coverage for the child's birth is covered. - - ANS - -12
In order for a health plan to be an "accountable health plan", who has to approve it? -
- ANS - -the director
The purpose of the 'No-loss No-gain' provision is to avoid duplication of __________ and
___________ when an individual is covered under multiple group health insurance
plans: - - ANS - -benefit payments and over insurance
,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 statute originate from? - - ANS - -Fair Credit Reporting Act
Participants of a small group medical plan MUST be given advance notice of at least
___ days prior to the plan's discontinuation. - - ANS - -180
A licensee whose name or address changes must notify the Department of Insurance
within ___ days. - - ANS - -30
A(n) ________ insurer restricts the exposures it writes to those of its owners. - - ANS -
-captive
Under which circumstance may an insurer discontinue a small employer group
medical plan? - - ANS - -Insurer discontinues offering the plan to all employers
In Arizona, the Human Immunodeficiency Virus (HIV) consent form - - ANS - -must
disclose who will be receiving a copy of the test results
A statement MUST be signed by the _________ for any illustrations used in the sale of a
life insurance policy. - - ANS - -producer
After an annuity has been in force for ___ year(s), it becomes incontestable. - - ANS -
-2
,An annuity contract may be returned for a full refund during the - - ANS - -free look
period
The refusal of doing business with an individual or business is called a(n) - - ANS - -
boycott
The Telemarketing Sales Rule states that ______ is the LATEST time of day that
telemarketing calls may be received. - - ANS - -9:00 PM
Greg had recently been terminated from his job that covered him for group life
insurance. How long does he have to convert his coverage to an individual policy? - -
ANS - -31 days
If a producer replaces a client's existing life insurance policy with a new one, which of
these actions is advisable? - - ANS - -Wait until the new policy is issued and
delivered before surrendering existing policy
If dividend option choices are offered on a whole life insurance policy, the policy MUST
- - ANS - -contain a statement that dividends are NOT guaranteed
Which of the following may be considered an act of misrepresentation? - - ANS - -
Misleading or failing to adequately disclose the title and true nature of a policy
offered to a client
The application is part of the annuity contract according to the - - ANS - -Entire
Contract clause
, Which of these individuals may NOT obtain a temporary producer license? - - ANS - -
An employee of a retired licensed producer
Which of the following entities does NOT establish regulations for variable insurance
products? - - ANS - -State attorney general
Who manages the premiums collected from a group's members for a reciprocal
insurer? - - ANS - -Attorney in fact
Which of the following is NOT a valid reason for an insurer to contest a life insurance
policy during the policy's first two years of existence? - - ANS - -Misstatement of age
A client applies for an individual accident and health policy in Arizona. If the insurer
collects personal information from any source other than public records or the
applicant, a notice of application practices MUST be given to the applicant no later
than the - - ANS - -application date
A group Medicare Supplement policy was terminated and not replaced by the insurer.
In this situation, the insurer MUST - - ANS - -provide an offer of conversion to
individual coverage
A health insurance claim may be contested due to statements made on the
applications for up to ___ year(s) after issuance of the policy. - - ANS - -4
A licensee or applicant who is ordered into active military service may request that
the license or application be placed on inactive status by sending the department a: -
- ANS - -written statement
