Arizona Life and Health Insurance Exam
(NEW 2024/ 2025 Update) Questions and
Verified Answers| 100% Correct| Graded A
QUESTION
James had
... [Show More] individual health insurance with two different insurers. The "insurance with other
insurers" provision states that an insurer can pay benefits on a pro-data basis if?
Answer:
No notification was given to the insurer prior to the claim that the insured has other health
coverage
QUESTION
Medicare Supplement insurance that provides a preventative medical care benefit will often
cover?
Answer:
Yearly physics examinations
QUESTION
Which factor determines the maximum disability income benefits that can be purchased by an
applicant?
Answer:
The applicant's income
QUESTION
When a large sum of money is used to structure monthly payments, which product is typically
used?
Answer:
An immediate annuity
QUESTION
All of these are duties that a producer may be required to perform when delivering an insurance
policy EXCEPT?
Answer:
Leave a conditional receipt with client
QUESTION
A material change in a modified endowment contract (MEC) results in?
Answer:
The seven pay test, adjusted for cash value, applies again
QUESTION
Terry receives long-term physical therapy at her residence. What type of insurance would cover
this service?
Answer:
Home health care
QUESTION
Unless it is regarding fraud, which of the following statements about the contestability of a life
insurance policy is true?
Answer:
The policy can usually only be contested by the insurer during the first two years of the contract
QUESTION
What does a 401(k) plan generally provide its participants?
Answer:
Salary-deferral option
QUESTION
An employer has a group life coverage for his employees. How would an employee in poor
health be treated in this situation?
Answer:
Eligible for the same type of coverage as the other employees
QUESTION
According to the Affordable Care Act (ACA), the proportion of premium revenues spent on
clinical services and quality improvements is called the?
Answer:
Medical loss ratio
QUESTION
Which of the following is considered to be a prosthodontic dental procedure?
Answer:
Bridgework
QUESTION
A health plan offered by private insurance companies is?
Answer:
A Medicare Supplement
QUESTION
Which statement concerning a deferred annuity contract is correct?
Answer:
The owner converge beneficiary, annuitant, or neither
QUESTION
In what situation would Disability income insurance premiums be a deductible expense?
Answer:
Corporation paying for group disability income coverage for its employees
QUESTION
Which of these policies is considered a whol [Show Less]