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Arkansas Life Insurance Exam Terms Questions With Answers Package Solutions
Arkansas Life Insurance Exam Terms Questions With Answers Package Solutions
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ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 
 
J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting 
 
What is implied authority defined as? - ANS Authority that is not specifically given to a...
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J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting 
 
What is implied authority defined as? - ANS Authority that is not specifically given to a...
Arkansas Life Insurance Exam Terms Questions With Answers 
 
 
Accelerated Benefits - ANS Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. 
 
Accidental Death Benefits - ANS A policy rider that states that the cause...
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Accelerated Benefits - ANS Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. 
 
Accidental Death Benefits - ANS A policy rider that states that the cause...
Arkansas Life Insurance Exam Questions And Answers 
 
 
 
 
A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? 
A. Whole Life 
B. Variable Whole Lif...
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A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? 
A. Whole Life 
B. Variable Whole Lif...
Arkansas Life Insurance Exam Questions And Answers 
 
Ordinary Life - ANS Individual life insurance that includes many types of temporary and permanent insurance protection plans written as individuals 
 
Term Life - ANS Provides low cost insurance protection for a specified period (or term) an...
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Ordinary Life - ANS Individual life insurance that includes many types of temporary and permanent insurance protection plans written as individuals 
 
Term Life - ANS Provides low cost insurance protection for a specified period (or term) an...
Arkansas Life Insurance Exam Questions And Answers 
Adverse Selection - ANS Insuring of risks that are more prone to losses than the average risk. 
 
Death Benefit - ANS The amount paid upon the death of the insured in a life insurance policy. 
 
Insurance Policy - ANS A contract between a...
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Adverse Selection - ANS Insuring of risks that are more prone to losses than the average risk. 
 
Death Benefit - ANS The amount paid upon the death of the insured in a life insurance policy. 
 
Insurance Policy - ANS A contract between a...
Life & Health Insurance Exam (Arkansas) Questions With Verified Solutions 
 
Reserves - ANS Funds held by the company to fulfill future claims. Funds are set by the state department of insurance. 
 
Multi-line Insurer - ANS An insurance company selling more than one line of insurance. (Ex. Home...
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Reserves - ANS Funds held by the company to fulfill future claims. Funds are set by the state department of insurance. 
 
Multi-line Insurer - ANS An insurance company selling more than one line of insurance. (Ex. Home...
Arkansas Life Insurance Training Questions And Answers 
 
 
 
Twisting - ANS Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. 
 
Unfair Discrimination - ANS Permitting individuals of the same cl...
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Twisting - ANS Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. 
 
Unfair Discrimination - ANS Permitting individuals of the same cl...
Arkansas Life Insurance Review Exam Questions And Answers 
 
Insurance - ANS Transfers the risk of loss from an individual or business entity to an insurance company, which spreads the costs of unexpected losses to many individuals 
 
Agent/Producer - ANS A legal representative of an insuranc...
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Insurance - ANS Transfers the risk of loss from an individual or business entity to an insurance company, which spreads the costs of unexpected losses to many individuals 
 
Agent/Producer - ANS A legal representative of an insuranc...
XCEL- Arkansas Life Insurance Final Exam Questions And Answers 
 
 
blackout period 
Period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse. 
 
 
per capita 
for each person; in relation to people taken individually, is a me...
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blackout period 
Period following the death of a family breadwinner during which no Social Security benefits are available to the surviving spouse. 
 
 
per capita 
for each person; in relation to people taken individually, is a me...
Arkansas Life and Health Insurance Exam Questions And Answers 
 
Absolute Assignment - ANS assignment by the policyholder of all the policy control and rights to a third party 
 
Accident and Sickness - ANS insurance against bodily injury, death or disability by accident or against disability...
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Absolute Assignment - ANS assignment by the policyholder of all the policy control and rights to a third party 
 
Accident and Sickness - ANS insurance against bodily injury, death or disability by accident or against disability...
ARKANSAS HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS 
In order for a contract to be valid, it must: - ANS Contain an offer & acceptance 
 
When does a nondisabled person first qualify for a Medicare Supplement Policy? - ANS Age 65 
 
A life insurance company has transferred some of its risk t...
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In order for a contract to be valid, it must: - ANS Contain an offer & acceptance 
 
When does a nondisabled person first qualify for a Medicare Supplement Policy? - ANS Age 65 
 
A life insurance company has transferred some of its risk t...
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