Addendum: for use with Arizona Life and Health online ExamFX courses and study guide version 20521en/20522en, per exam content outline updates effective July 1, 2017.
The following are content additions to supplement your existing text unless otherwise indicated:
LIFE & HEALTH
Number of Exam Attempts
A candidate for a producer license may take an exam for a specific line of authority up to 4 times in a 12-month period. After failing the fourth time, no more exams for that line of authority can be taken for one year. If the individual failed a combined exam, each line of authority is considered to have been failed individually.
Insurance contracts are aleatory, which means there is an exchange of unequal amounts or values. The premium paid by the insured is small in relation to the amount that will be paid by the insurer in the event of loss.
The following topics have been DELETED from the Exam Content Outline:
- Qualified Plans
- Taxation of Individual Retirement Plans
- Rollovers and Transfers (IRAs and Qualified Plans)
- Cost Containment in Health Care Delivery
Preauthorization and 2nd Opinion
Preauthorization is a cost-containment measure requiring that the insured obtain approval from the insurer before getting an expensive surgery, referred to a specialist, or nonemergency healthcare service.
A second opinion is a separate assessment of a patient by a different medical professional who will, then, affirm or modify the patient’s diagnosis and treatment plan.