Arizona Life and Health Insurance

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Participants of a small group medical plan MUST be given advance notice of at least ____ days prior to the plans discontinuation

180

After an annuity has been in force for ______ years, it becomes incontestable.

2

In Arizona, at least ___ employees are needed for s small employer medical expense plan.

2

a life insurance policy can usually be contested by the insurer only during the first ____ years of the contract

2

What year was the mental health parity and addiction equity act established

2008

An insurer must keep advertising materials and records for at least how many years?

3 years

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

New born children are automatically covered under an existing families medical plan at the moment of birth for a period of _____ days

31

Greg had recently been terminated from his Job that covered him for group life insurance. How long does he have to convert his coverage to an individual policy.

31 days

If an insured legally adopts a baby within ____ months of birth, the maternity coverage for the child's birth is covered.

6

A policy owner decides to surrender the cash value of a whole life insurance policy. The insurer has up to ___ months to delay this payment

6 months

An insured must wait _____ days to bring legal action against an insurer after written proof of loss has been received by the insurer.

60

What is the actuarial value of a bronze level health plan

60

According to the telemarketing sales rule, what is the earliest time of the day that telemarketing calls can be received?

8 AM

How many hours of initial long term care training must a producer complete before soliciting long term care products?

8 hours

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 loss of minimum essential coverage usually counts as a qualifying event that triggers what?

A special enrollment period

An individual is seeking coverage for nursing home (custodial) care that does NOT require any previous period of hospitalization. Which program offers these specifications?

AHCCCS

Which of these individuals may NOT obtain a temporary producers license?

An employee of a retired licensed producer

All of these are considered to be a violation of the federal fraud and false statements act EXCEPT

Claims reimbursement

Prepaid dental plans differ from most other types of dental plans in what way?

Closed panel of dentists can only be used

If replacement was involved in the sale of a life insurance policy, a producer must provide a replacement notice no later than the

Application date

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

When does a family accident and health policy's coverage for a new born child begin?

At the moment of birth

Who manages the premiums collected from a groups members for a reciprocal insurer?

Attorney in fact

A ________ Company is licensed by the department of insurance to conduct insurance business in Arizona.

Authorized

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

The refusal of doing business with an individual or business is called

Boycott

According to the Affordable Care Act, new health Insurance Marketplaces are established by the

CCIIO

A _______ Insurer restricts the exposure it writes to those of its owners

Captive

Life settlement brokers are NOT allowed to

Complete transactions prior to not being approved for a license

If dividend option choices are offered on a whole life insurance policy, the policy MUST

Contain a statement that dividends are NOT guaranteed

Life settlement proceeds may be subject to the claims of

Creditors

To protect information systems, producer, brokers, and insurance, companies must implement,and maintain a....

Cybersecurity policy

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

The application is part of the annuity contract according to the

Entire contract clause

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.

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

Which of these is NOT considered a preventative service in a dental plan?

Fillings

An annuity contract may be returned for a full refund during the

Free look period

Most Medicare supplement information used by an insurer must be approved by the state. Which of the following types of information does NOT require state approval?

Government publications

According to ACA insurers can no longer deny health coverage due to pre existing conditions unless that plan is a

Grandfathered plan

Enrollees in a staff model HMO normally have which of the following pharmacy options available?

In House pharmacy

Under which circumstance may an insurer discontinue a small employer group medical plan?

Insurer discontinues offering the plan to all employers

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

What will Medicare charge if someone doesn't enroll in certain Medicare programs or plans when they're first eligible?

Late enrollment penalty

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

Which of the following actions may result in a producers license being suspended?

Misappropriation of premiums

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

In Arizona, the HIV consent form

Must disclose who will be receiving a copy of the test results

What must be disclosed when a producer advertises a life insurance policy?

Name of the actual insurer.

A ______ producer lives in another state and transacts insurance in Arizona

Nonresident

If a producer surrenders their license, how long must they wait to re apply for the same license?

One year

An insurance producer must keep usual and customary records that pertain to transactions under the producers license, at their _________

Principle place of business

A statement must be signed by the ____ for any illustrations used in the sale of a life insurance policy

Producer

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

Replacement regulations exist in order to

Protect policy owners from misrepresentations and loss of benefits

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

The ACA ( Affordable Care Act) must ensure a sufficient choice of ______ in the marketplace

Providers

Insurance producer Kelly offers insured a $500 shopping card if they purchase an insurance product through her. What is this an example of?

Rebating

Which of the following entities does NOT establish regulations for variable insurance products?

State Attorney General

The Arizona life and Disability insurance guaranty fund protects an insured person in the event of

The Insurers insolvency

In order for a health plan to be an "accountable health plan", who has to approve it

The director

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

How long must a producer maintain customer records for an insurance transaction?

Three years

Insurance crimes which affect the interstate commerce are prosecuted by the

US Attorney General

Mentally or physically handicapped dependent children must be covered under an individual health insurance policy

Until they become self-supportive

According to the federal fraud and false statements regulation, what is required for a prohibited person to transact insurance business in this state?

Written consent from the state insurance regulatory agency

A licensee or applicant who is ordered in the Active Military service make a request by

Written statement

If a Medicare supplement policy is cancelled by the insurer, which of these circumstances does NOT require prior approval by the Arizona department of insurance?

non payment of premium.

Autopsies may be requested by an accident and health insurer

only if prohibited by the state law


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