AZ-Insurance-Producer-Life: AZ-Insurance-Producer-Life Exam
"AZ-Insurance-Producer-Life", also known as AZ-Insurance-Producer-Life exam, is a Insurance Licensing Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 107 Q&As to your AZ-Insurance-Producer-Life Exam preparation. In the AZ-Insurance-Producer-Life exam resources, you will cover every field and category in Arizona Department of Insurance Certification helping to ready you for your successful Insurance Licensing Certification.
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Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
A policy may contain provisions excluding or restricting coverage as specified in the event of death under all of the following EXCEPT
- A. a licensed pilot of a personal aircraft.
- B. fare-paying passenger.
- C. suicide.
- D. war, or act of war.
Correct Answer: B 🗳️
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Other than generating an income, what is the principal function of an annuity?
- A. To create an estate.
- B. To provide an estate for a beneficiary.
- C. To liquidate an estate.
- D. To decrease estate taxes.
Correct Answer: C 🗳️
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According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT
- A. notify the applicant if an application is denied.
- B. inform the applicant about the scope of an investigation.
- C. inform the applicant that an investigation is being conducted.
- D. discuss any credit history inconsistencies with the applicant.
Correct Answer: D 🗳️
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A policyholder has named their spouse as the primary beneficiary and their child as the contingent beneficiary. Under what circumstances will the contingent beneficiary receive the death benefit?
- A. The primary beneficiary predeceases the insured
- B. The primary beneficiary is revocable
- C. The primary beneficiary survives the insured
- D. The policyholder changes the designation
Correct Answer: A 🗳️
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When trying on wedding rings at a jewelry store, a woman left her engagement ring on the countertop only to return later and find it missing. The woman experienced a
- A. peril.
- B. loss.
- C. transfer of risk.
- D. hazard.
Correct Answer: B 🗳️
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