1
ARIZONA LIFE AND HEALTH INSURANCE EXAM
QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED
PASS 2025/2026
Under an adjustable life insurance policy, which of the following may
NOT be changed without further underwriting? - 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 - ANSWER
>custodial care
Employer-paid qualified long-term care insurance premiums are
typically - ANSWER ->Excluded from the employee's gross income.
Which statement regarding the certificate of insurance is accurate? -
ANSWER ->Indicates evidence of an employee's insurance coverage
Purchasing insurance is an example of risk - ANSWER ->transference
,2
When an applicant applies for a large amount of life insurance
coverage, which of the following would likely NOT be an underwriting
requirement? - 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 - ANSWER ->Experimental and
investigative services
All of these statements concerning group credit life insurance are false
EXCEPT - ANSWER ->The face amount is determined by the
outstanding loan balance
Who may terminate coverage under and cancelable health insurance
policy? - ANSWER ->insurer or insured
The interest credited to the cash values of personally-owned
nonqualified annuities is considered - ANSWER ->tax deferred
,3
An insurer that confines or largely limits the exposures it writes to those
of its owners is called - ANSWER ->captive
Dividends from a mutual insurance company are paid to whom? -
ANSWER ->Policyholders
A business may purchase an annuity for all of the following reasons
EXCEPT - ANSWER ->Informally finding a nonqualified deferred
compensation plan
An organization that requires healthcare services to be provided by a
network of physicians and hospitals is known as an - ANSWER ->HMO
In Arizona, and insurer providing small employer group medical plans
may discontinue an employers coverage if - ANSWER ->The insurer no
longer offers the plan to any employer
Which of the following statements is NOT true concerning the
relationship between group health insurance plans and Medicare?
, 4
(Assuming the business has more than 20 employees) - ANSWER -
>Group health coverage is NOT available for workers over the age of 65
hold harmless clause is an example of risk - ANSWER ->to transfer.
Shifts liability for loss from one party to another
What is a "functional assessment" for long-term care benefits? -
ANSWER ->A review of the insured ability to perform the activities of
daily living
Which is an accurate description of the premium in a graded premium
life insurance policy? - ANSWER ->Annual increases in premium for a
stated number of years then levels off for the remainder of the contract
Which of the following BEST describes a "partial disability" - ANSWER -
>Unable to perform one or more job duties
An insured may be required to sign which document at policy delivery
to ensure there has not been any adverse medical conditions since the
time of the application? - ANSWER ->A good health statement
ARIZONA LIFE AND HEALTH INSURANCE EXAM
QUESTIONS WITH COMPLETE SOLUTIONS GUARANTEED
PASS 2025/2026
Under an adjustable life insurance policy, which of the following may
NOT be changed without further underwriting? - 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 - ANSWER
>custodial care
Employer-paid qualified long-term care insurance premiums are
typically - ANSWER ->Excluded from the employee's gross income.
Which statement regarding the certificate of insurance is accurate? -
ANSWER ->Indicates evidence of an employee's insurance coverage
Purchasing insurance is an example of risk - ANSWER ->transference
,2
When an applicant applies for a large amount of life insurance
coverage, which of the following would likely NOT be an underwriting
requirement? - 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 - ANSWER ->Experimental and
investigative services
All of these statements concerning group credit life insurance are false
EXCEPT - ANSWER ->The face amount is determined by the
outstanding loan balance
Who may terminate coverage under and cancelable health insurance
policy? - ANSWER ->insurer or insured
The interest credited to the cash values of personally-owned
nonqualified annuities is considered - ANSWER ->tax deferred
,3
An insurer that confines or largely limits the exposures it writes to those
of its owners is called - ANSWER ->captive
Dividends from a mutual insurance company are paid to whom? -
ANSWER ->Policyholders
A business may purchase an annuity for all of the following reasons
EXCEPT - ANSWER ->Informally finding a nonqualified deferred
compensation plan
An organization that requires healthcare services to be provided by a
network of physicians and hospitals is known as an - ANSWER ->HMO
In Arizona, and insurer providing small employer group medical plans
may discontinue an employers coverage if - ANSWER ->The insurer no
longer offers the plan to any employer
Which of the following statements is NOT true concerning the
relationship between group health insurance plans and Medicare?
, 4
(Assuming the business has more than 20 employees) - ANSWER -
>Group health coverage is NOT available for workers over the age of 65
hold harmless clause is an example of risk - ANSWER ->to transfer.
Shifts liability for loss from one party to another
What is a "functional assessment" for long-term care benefits? -
ANSWER ->A review of the insured ability to perform the activities of
daily living
Which is an accurate description of the premium in a graded premium
life insurance policy? - ANSWER ->Annual increases in premium for a
stated number of years then levels off for the remainder of the contract
Which of the following BEST describes a "partial disability" - ANSWER -
>Unable to perform one or more job duties
An insured may be required to sign which document at policy delivery
to ensure there has not been any adverse medical conditions since the
time of the application? - ANSWER ->A good health statement
