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ARIZONA LIFE AND HEALTH INSURANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS|graded A+ Which of the following is NOT considered to be an expense for surviving family members of a deceased wage earner? - ANSWER-Unemployment tax $8.49   Add to cart

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ARIZONA LIFE AND HEALTH INSURANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS|graded A+ Which of the following is NOT considered to be an expense for surviving family members of a deceased wage earner? - ANSWER-Unemployment tax

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ARIZONA LIFE AND HEALTH INSURANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS|graded A+ Which of the following is NOT considered to be an expense for surviving family members of a deceased wage earner? - ANSWER-Unemployment tax expenses Under federal law, which of t...

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  • February 12, 2024
  • 39
  • 2023/2024
  • Exam (elaborations)
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ARIZONA LIFE AND HEALTH INSURANCE EXAM LATEST
2024 WITH ACTUAL QUESTIONS AND CORRECT
DETAILED ANSWERS|graded A+



Which of the following is NOT considered to be an expense
for surviving family members of a deceased wage earner? -
ANSWER-Unemployment tax expenses


Under federal law, which of the following actions may result
in a producer becoming imprisoned? - ANSWER-Producer
embezzling funds from an insurer


Which of these is a typical result of a concurrent review? -
ANSWER-The length of time spent in the hospital is
monitored


Who is the beneficiary in a life insurance policy? - ANSWER-
The stated person or entity who is designated to receive the
death proceeds


Larry wants to purchase an individual disability income policy
to ensure that he will not experience a lapse in income
should he become disabled. He has a two-month wage
continuation benefit from his employer. What should the

,policy elimination period be for his individual policy? -
ANSWER-60 days


Which would be described as a beneficiary designation by
class? - ANSWER-Children of the insured


The standard provisions of an accident and health insurance
policy require that the - ANSWER-policy, attached papers, and
endorsements constitute the "entire contract"


When the disclosure of an insured's nonpublic information is
involved, what is the insurer obligated to do? - ANSWER-Give
notice, explain, and allow opting out


Under the Telemarketing Sales Rule, telemarketing calls may
NOT be received after - ANSWER-9:00 PM


A health plan offered by private insurance companies is -
ANSWER-Medicare Supplement


Chris has a single major medical contract which covers all
medical expenses. His plan is considered to be - 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 - 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 - ANSWER-Ten year term insurance for a person aged
55


All of the following are unfair claims settlement practices
except - ANSWER-An attempt to settle a claim by arbitration


What is covered under a limited accident and health
insurance policy? - ANSWER-Limited perils and amounts


A life insurance policy provision that has the ability to reduce
the death benefit is called - 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 - ANSWER-Written proof of the
occurrence and extent of loss

, How are monthly life annuity benefit payments treated under
a tax sheltered annuity (TSA)? - 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? - 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? -
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? - ANSWER-
When not prohibited by state law


A material change in a modified endowment contract (MEC)
results in - 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? - ANSWER-The person insured

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