Free AZ-Insurance-Producer-Life Practice Questions

A.  

immediately.

B.  

within 10 days.

C.  

at license renewal.

D.  

within 30 days.

A.  

modify the premium payment schedule

B.  

adjust the policy ' s death benefit

C.  

change the policy type

D.  

transfer ownership rights to another party

A.  

foreign.

B.  

mutual.

C.  

admitted.

D.  

domestic.

A.  

interest rate.

B.  

settlement amount.

C.  

face amount.

D.  

cost.

A.  

The cash value is paid into the estate.

B.  

The cash value is paid to the IRS.

C.  

The cash value is paid to the beneficiary.

D.  

The company keeps the cash value.

A.  

insured and the insurance company have conditions to which only the insured must adhere.

B.  

policy is contingent upon an uncertain event (a loss).

C.  

policy includes coverages that a prudent person would expect it to include.

D.  

insured relies on the company ' s promise to pay all claims.

A.  

has not committed any act that is a ground for denial.

B.  

is at least 18 years of age.

C.  

has paid the appropriate fees.

D.  

has been appointed by an insurer to act on its behalf.

A.  

Increasing term insurance.

B.  

Variable life insurance.

C.  

Decreasing term insurance.

D.  

Level term insurance.

A.  

war, or act of war.

B.  

suicide.

C.  

fare-paying passenger.

D.  

a licensed pilot of a personal aircraft.

A.  

A preferred individual is issued a rated policy.

B.  

Rated policies merit lower premiums.

C.  

Substandard applicants are never issued policies.

D.  

Preferred risks pay a lower premium than standard risks.