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Arizona Life and Health Insurance | Questions
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Any administrative action taken against a producer MUST be reported to the director within days after the final disposition. ✔✔ 30 How many days notice does the Affordable Care Act require insurers to give before rescinding coverage? ✔✔ 30 According to the Affordable Care Act, new health Insurance Marketplaces are established by the ✔✔CCIIO How long must a producer maintain customer records for an insurance transaction? ✔✔Three years Which statement best defines what a Policy title means on an insurance policy? ✔✔Ever policy Must have a title on the Face and on the back of the policy, briefly describing the policy. The refusal of doing business with an individual or business is called ✔✔Boycott Which of the following causes of disability is NOT covered under the Arizona workers comp law? ✔✔Intentional, self-inflicted injuries that occur at the work site In Arizona, the HIV consent form ✔✔Must disclose who will be receiving a copy of the test results
The telemarketing sales rules states that is the LATEST time of the day that telemarketing calls may be received ✔✔9 PM Which of the following actions is considered to be an unfair trade practice ✔✔A producer who sells insurance to an individual by means of threat A statement must be signed by the for any illustrations used in the sale of a life insurance policy ✔✔Producer In order for a health plan to be an "accountable health plan", who has to approve it ✔✔The director If a life insurance applicant is shown future premiums are to be paid out of non guaranteed values, the illustration used in the sales presentation MUST ✔✔Disclose that the premium payments may need to be resumed depending on actual results A producer is proposing that a policy owner replace an existing individual health insurance policy with a new one. Under the new contract, a pre existing conditions exclusion ✔✔May reduce the insured benefits The genetic information non discrimination act of 2008 bars all of the following EXCEPT ✔✔Prohibits the use of genetic information in health insurance, unless the applicant signs a waiver How many hours of initial long term care training must a producer complete before soliciting long term care products? ✔✔8 hours
Prepaid dental plans differ from most other types of dental plans in what way? ✔✔Closed panel of dentists can only be used Replacement regulations exist in order to ✔✔Protect policy owners from misrepresentations and loss of benefits A Company is licensed by the department of insurance to conduct insurance business in Arizona. ✔✔Authorized Life settlement proceeds may be subject to the claims of ✔✔Creditors Enrollees in a staff model HMO normally have which of the following pharmacy options available? ✔✔In House pharmacy A group Medicare supplement policy was terminated and not replaced by the insurer. In this situation, the insurer MUST ✔✔Provide an offer of conversion to individual coverage If a producer surrenders their license, how long must they wait to re apply for the same license? ✔✔One year An insurer must keep advertising materials and records for at least how many years? ✔✔ 3 years After an annuity has been in force for_______ years, it becomes incontestable. ✔✔ 2
What will Medicare charge if someone doesn't enroll in certain Medicare programs or plans when they're first eligible? ✔✔Late enrollment penalty To protect information systems, producer, brokers, and insurance, companies must implement,and maintain a. ... ✔✔Cybersecurity policy 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? ✔✔Misstatement of age Which of the following entities does NOT establish regulations for variable insurance products? ✔✔State Attorney General New born children are automatically covered under an existing families medical plan at the moment of birth for a period of ____ days ✔✔ 31 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 statue originate from? ✔✔Fair Credit Reporting Act A loss of minimum essential coverage usually counts as a qualifying event that triggers what? ✔✔A special enrollment period The Arizona life and Disability insurance guaranty fund protects an insured person in the event of ✔✔The Insurers insolvency
A Insurer restricts the exposure it writes to those of its owners ✔✔Captive Participants of a small group medical plan MUST be given advance notice of at least days prior to the plans discontinuation ✔✔ 180 Mentally or physically handicapped dependent children must be covered under an individual health insurance policy ✔✔Until they become self-supportive Which of the following actions may result in a producers license being suspended? ✔✔Misappropriation of premiums Insurance producer Kelly offers insured a $500 shopping card if they purchase an insurance product through her. What is this an example of? ✔✔Rebating What must be disclosed when a producer advertises a life insurance policy? ✔✔Name of the actual insurer. 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 ✔✔Benefit payments and overinsurance Which of the following is NOT a valid reason for an insurer to refuse renewal of an individual accident and health insurance policy? ✔✔The insured is currently in poor health
The ACA ( Affordable Care Act) must ensure a sufficient choice of in the marketplace ✔✔Providers A licensee or applicant who is ordered in the Active Military service make a request by ✔✔Written statement According to ACA insurers can no longer deny health coverage due to pre existing conditions unless that plan is a ✔✔Grandfathered plan An annuity contract may be returned for a full refund during the ✔✔Free look period Autopsies may be requested by an accident and health insurer ✔✔only if prohibited by the state law All of these are considered to be a violation of the federal fraud and false statements act EXCEPT ✔✔Claims reimbursement Which of these individuals may NOT obtain a temporary producers license? ✔✔An employee of a retired licensed producer An insured has been court ordered to provide a child's health insurance, Upon this order, the insurer must allow the enrollment of this child ✔✔At any time Life settlement brokers are NOT allowed to ✔✔Complete transactions prior to not being approved for a license
