Study guides, Class notes & Summaries

A whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - correct answer they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee if the insured has any outstanding debts 2. are paid directly to the insured`s credito...

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...

Beneficiary - correct answer A person who receives the benefits of an insurance policy Death Benefit - correct answer The amount paid upon the death of the insured in a life insurance policy Cash Value - correct answer Equity amount accumulated in permanent life insurance Estate - correct answer A person's net worth Illustrations - correct answer Presentation or depiction of nonguaranteed elements of a life insurance policy Life Insurance - correct answer Coverage on human lives ...

Agent/Producer - correct answer Legal representative of an insurance company (classification of producer usually includes agents and brokers, agents are the agents of the insurer) Applicant (proposed insured) - correct answer Person applying for insurance Broker - correct answer Insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy - correct answer Contract between a policyowner (and/or insured) and an insurance company which agrees to pay...

ARIZONA LIFE AND HEALTH INSURANCE State Exam Simulator With Correct Questions And Answers

ARIZONA LIFE AND HEALTH Final Exam With Correct Questions And Answers 2024

ARIZONA HEALTH/Life Insurance Exam With Correct Questions And Answers | Verified Solutions 2024

Appraisal - correct answer What provision of a Property Policy applies when an insured and the insurer cannot agree on the amount of the loss? Exclusions - correct answer Which part of a Property policy specifies the causes of loss (perils) that are not covered? Insurer's - correct answer When an insured suffers a loss, they are required to prepare an inventory of the damaged property at the ___ request. True - correct answer T/F: Open peril policies include losses by theft. Endorse...

ARIZONA LIFE AND HEALTH INSURANCE Exam With Correct Questions And Answers | Verified Solutions 2024

Arizona Practice test 2 2022-2023 Graded A+ A sign this shape means (square) speed and direction regulation a painted red curb means you may not stop, stand, or park a green lighted arrow on a traffic light means you may proceed in the direction of the arrow without stopping a sign with this shape means (diamond) warning you are approaching an intersection where the lighted arrow has just changed to yellow you must stop and wait for the light to turn green unless prohibited by a sign, a le...