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Insurance Licensing AZ-Insurance-Producer-Life Exam Overview:
| Certification Vendor: | Arizona Department of Insurance and Financial Institutions (DIFI) / PSI Services LLC |
|---|---|
| Exam Name: | Arizona Examination for Life Insurance Producer (Series 13-31) |
| Exam Number: | AZ-Insurance-Producer-Life |
| Exam Format: | Online proctored examination, Multiple-choice questions, Closed-book, Test center, Computer-based examination |
| Certificate Validity Period: | The Arizona insurance producer license generally expires on the last day of the licensee's birth month; the initial license term is approximately 3-4 years. Renewal terms are generally 4 years. |
| Passing Score: | 70% |
| Real Exam Qty: | 100 scored questions; 5-10 additional unscored experimental questions may be administered |
| Related Certifications: | Arizona Insurance Producer License - Life, Accident and Health or Sickness (Series 13-33) Arizona Insurance Producer License - Accident and Health or Sickness (Series 13-32) |
| Exam Duration: | 120 minutes |
| Available Languages: | English (officially documented exam language not explicitly specified in the current bulletin) |
| Exam Price: | USD 50 |
| Sample Questions: | Insurance Licensing AZ-Insurance-Producer-Life Sample Questions |
| Exam Way: | Schedule through PSI Services LLC. Available delivery modalities include an in-person test center and an online proctored examination, subject to current scheduling availability and technical requirements. The examination fee is nonrefundable and nontransferable and remains valid for one year from payment. |
| Pre Condition: | Candidates generally must meet Arizona insurance producer licensing eligibility requirements and pass the applicable examination. Arizona generally requires applicants to be at least 18 years old. Prelicensing education requirements should be verified with DIFI. Applicants must submit the required license application within one year after passing the examination. Arizona law limits candidates to four examination attempts within a 12-month period; after four failures, a one-year waiting period applies. |
| Official Syllabus URL: | https://test-takers.psiexams.com/anzins |
Insurance Licensing AZ-Insurance-Producer-Life Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 5% | - Licensing
|
| Life Insurance Basics | - Annuities
| |
| General Insurance | - Risk and insurance concepts
|
Insurance Licensing AZ-Insurance-Producer-Life Sample Questions:
Which of the following terms describes the fact that insurance contracts are contingent upon an uncertain event or loss?
- A. unilateral
- B. adhesion
- C. personal
- D. aleatory
Correct Answer: D 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Under the Fair Credit Reporting Act, what is the maximum penalty for a producer who obtains Consumer Information Reports under false pretenses?
- A. $1,000
- B. $5,000
- C. $2,000
- D. $10,000
Correct Answer: B 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and
/or daughter. One way the insured can accomplish this goal is to purchase a
- A. family maintenance rider.
- B. child term rider.
- C. family income rider.
- D. guaranteed insurability rider.
Correct Answer: B 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
What is a key characteristic of joint life insurance?
- A. offers individual coverage options
- B. pays a benefit upon the death of the first insured
- C. covers multiple individuals separately
- D. pays a benefit at each insured ' s death
Correct Answer: B 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
What does the assignment provision in a life insurance policy allow the policyholder to do?
- A. adjust the policy ' s death benefit
- B. modify the premium payment schedule
- C. change the policy type
- D. transfer ownership rights to another party
Correct Answer: D 🗳️
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By Madeline
