1 Exam (elaborations) Arkansas Property and Casualty Insurance Chapter 1 fully solved 2024 latest update 2 Exam (elaborations) Arkansas Driver s License Test Study Guide questions and answers graded A 3 Exam (elaborations) Arkansas driver’s license test question with answers graded A 2024 4 ...
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Arkansas Property & Casualty Practice Exam Pay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. -...
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Add to cartArkansas Property & Casualty Practice Exam Pay the claims covered under the policy. - correct answer A primary obligation of an insurance company is to: Accumulating Risk - correct answer Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. -...
Arkansas Property and Casualty License ExamThe National Association of Insurance Commissioners (NAIC) - correct answer Consists of all State and territorial insurance commissioners or regulators. The NAIC provides resources, research, legislative and regulatory recommendations and interpretations fo...
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Add to cartArkansas Property and Casualty License ExamThe National Association of Insurance Commissioners (NAIC) - correct answer Consists of all State and territorial insurance commissioners or regulators. The NAIC provides resources, research, legislative and regulatory recommendations and interpretations fo...
Property and Casualty License in ArkansasWhat is Insurance? - correct answer Transfers the risk of loss from individual to insurance co. What is Risk? - correct answer Chance of loss occurring What are 3 types of Hazards? - correct answer Physical, Moral, Morale What is a Peril? - correct a...
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Add to cartProperty and Casualty License in ArkansasWhat is Insurance? - correct answer Transfers the risk of loss from individual to insurance co. What is Risk? - correct answer Chance of loss occurring What are 3 types of Hazards? - correct answer Physical, Moral, Morale What is a Peril? - correct a...
Arkansas Property & Casualty Exam PrepInsurance - correct answer 1. Sharing, spreading or transferring risk through the accumulation of funds of large numbers of individuals. 2. Giving up a known certain loss (the client's premium) in order to avoid a larger potential loss. 3. A contract where on...
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Add to cartArkansas Property & Casualty Exam PrepInsurance - correct answer 1. Sharing, spreading or transferring risk through the accumulation of funds of large numbers of individuals. 2. Giving up a known certain loss (the client's premium) in order to avoid a larger potential loss. 3. A contract where on...
Arkansas Property & CasualtyAccident - correct answer A sudden & unexpected event which occurs at a specific time & place. In easy-to-read policies, also includes loss which occurs over a period of time. Actual Cash Value (ACV) - correct answer The cost to replace an item of property at the time ...
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Add to cartArkansas Property & CasualtyAccident - correct answer A sudden & unexpected event which occurs at a specific time & place. In easy-to-read policies, also includes loss which occurs over a period of time. Actual Cash Value (ACV) - correct answer The cost to replace an item of property at the time ...
Arkansas Property and Casualty Exam Personal Auto Policy - correct answer Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Yo...
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Add to cartArkansas Property and Casualty Exam Personal Auto Policy - correct answer Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Yo...
Arkansas Property and Casualty Insurance Exam Customer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for...
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Add to cartArkansas Property and Casualty Insurance Exam Customer's property whether or not the insured has been negligent An unique feature in a bailee form is that it covers intentional tort Which of the following would NOT be covered by HO liability insurance? 6 Ways to Show Appreciation for...
Arkansas RE License Law Enforcement f a licensee has their license revoked or suspended, it does not cause the principal broker to suffer the same punishment as the licensee if the principal broker - correct answer did not participate or have knowledge of the licensee's acts. Each active status...
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Add to cartArkansas RE License Law Enforcement f a licensee has their license revoked or suspended, it does not cause the principal broker to suffer the same punishment as the licensee if the principal broker - correct answer did not participate or have knowledge of the licensee's acts. Each active status...
Property & Casualty (Arkansas) Abandonment Condition - correct answer States that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability - correct answer Imposed by law on those participating in certain activities that are co...
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Add to cartProperty & Casualty (Arkansas) Abandonment Condition - correct answer States that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability - correct answer Imposed by law on those participating in certain activities that are co...
Arkansas License Law 3In order to receive a salesperson's license in Arkansas, a person must be ____ years old - correct answer 18 To receive a salesperson's license in Arkansas, an applicant must successfully complete prelicensing courses totaling _____ hours - correct answer 60 Of the requ...
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Add to cartArkansas License Law 3In order to receive a salesperson's license in Arkansas, a person must be ____ years old - correct answer 18 To receive a salesperson's license in Arkansas, an applicant must successfully complete prelicensing courses totaling _____ hours - correct answer 60 Of the requ...
Arkansas State Police Rules for LicensingApplicant - correct answer Any person who has submitted a properly completed application Rule 2.0 Penalty for false response/document - correct answer a. Criminal Penalty: Class A misdemeanor b. Non-criminal penalty: Denial, suspension, revocation or fine...
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Add to cartArkansas State Police Rules for LicensingApplicant - correct answer Any person who has submitted a properly completed application Rule 2.0 Penalty for false response/document - correct answer a. Criminal Penalty: Class A misdemeanor b. Non-criminal penalty: Denial, suspension, revocation or fine...
Arkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be ...
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Add to cartArkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be ...
Arkansas Property and CasualtyPure Risk PART 1 - correct answer Loss only no financial gain, insurable Speculative Risk - correct answer A chance of loss, no loss, or gain. Ex: Gambling Hazard - correct answer Something that increases the chance of loss Physical Hazard - correct answer ind...
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Add to cartArkansas Property and CasualtyPure Risk PART 1 - correct answer Loss only no financial gain, insurable Speculative Risk - correct answer A chance of loss, no loss, or gain. Ex: Gambling Hazard - correct answer Something that increases the chance of loss Physical Hazard - correct answer ind...
Arkansas Real Estate Exam - Arkansas Licensing OverviewArkansas law charges the Commission with the responsibility of administering... - correct answer 1. Real Estate License Law 2. Real Estate Recovery Fund 3. Continuing Education Program 4. Time-Share Law Who provides educational materials f...
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Add to cartArkansas Real Estate Exam - Arkansas Licensing OverviewArkansas law charges the Commission with the responsibility of administering... - correct answer 1. Real Estate License Law 2. Real Estate Recovery Fund 3. Continuing Education Program 4. Time-Share Law Who provides educational materials f...
Arkansas Property and Casualty Insurance Exam Before workers comp laws, employers had 3 common law defenses to avoid paying claims- - correct answer Assumption of Risk - This defense placed all the risk on the employee as being responsible for knowing the work conditions prior to employment. Fel...
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Add to cartArkansas Property and Casualty Insurance Exam Before workers comp laws, employers had 3 common law defenses to avoid paying claims- - correct answer Assumption of Risk - This defense placed all the risk on the employee as being responsible for knowing the work conditions prior to employment. Fel...
Arkansas Property and casualty pt2when would theft of property of guest and residence employees be covered under the HO8 form? - correct answer Only while on the insured premises In general, what do homeowner’s policies cover? - correct answer Dwellings used primarily as private residences W...
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Add to cartArkansas Property and casualty pt2when would theft of property of guest and residence employees be covered under the HO8 form? - correct answer Only while on the insured premises In general, what do homeowner’s policies cover? - correct answer Dwellings used primarily as private residences W...
ARKANSAS LICENSE LAW The members of the Arkansas Real Estate Commission are: a. Elected. b. Hired by the Commission's executive director. c. Appointed by the Governor. d. Selected by the Legislature. - correct answer c. Appointed by the Governor. The term of an Arkansas Real Estate Commissi...
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Add to cartARKANSAS LICENSE LAW The members of the Arkansas Real Estate Commission are: a. Elected. b. Hired by the Commission's executive director. c. Appointed by the Governor. d. Selected by the Legislature. - correct answer c. Appointed by the Governor. The term of an Arkansas Real Estate Commissi...
Arkansas driver’s license testWhen driving in fog,snow or heavy rain you should ? - correct answer Use your low headlights beam White lane markings? - correct answer Is a dashed white line between lanes of traffic indicated a driver may cross the line to change lanes, when safe When it's li...
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Add to cartArkansas driver’s license testWhen driving in fog,snow or heavy rain you should ? - correct answer Use your low headlights beam White lane markings? - correct answer Is a dashed white line between lanes of traffic indicated a driver may cross the line to change lanes, when safe When it's li...
Arkansas Driver's License Test Study Guide What age must wear appropriate safety restraints while the vehicle is in motion? - correct answer Children under the age of fifteen. Who must be secured in an approved safety seat? - correct answer Children under the age of six, or weighing less than s...
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Add to cartArkansas Driver's License Test Study Guide What age must wear appropriate safety restraints while the vehicle is in motion? - correct answer Children under the age of fifteen. Who must be secured in an approved safety seat? - correct answer Children under the age of six, or weighing less than s...
Arkansas Property and Casualty Insurance Chapter 1Insurance - correct answer 1. Sharing, spreading, or transferring risk through the accumulation of funds of large numbers of individuals 2. Giving up a known certain loss (the clients premium) in order to avoid a larger potential loss 3. A contract...
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Add to cartArkansas Property and Casualty Insurance Chapter 1Insurance - correct answer 1. Sharing, spreading, or transferring risk through the accumulation of funds of large numbers of individuals 2. Giving up a known certain loss (the clients premium) in order to avoid a larger potential loss 3. A contract...
Arkansas property & casualty chapter 7pair and set clause - correct answer coverage is written on a valued or ACV basis and appraisal is required personal effects floater - correct answer this floater covers personal property on an open perils anywhere in the world except the insureds premises ...
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Add to cartArkansas property & casualty chapter 7pair and set clause - correct answer coverage is written on a valued or ACV basis and appraisal is required personal effects floater - correct answer this floater covers personal property on an open perils anywhere in the world except the insureds premises ...
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