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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE$21.49
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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE
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Course
ARKANSAS HEALTH INSURANCE
Institution
ARKANSAS HEALTH INSURANCE
ARKANSAS HEALTH INSURANCE
EXAM AND PRACTICE EXAM 2024-
2025 WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTIONS AND SOLUTIONS
|ALREADY GRADED
A+|NEWEST|GUARANTEED PASS
|LATEST UPDATE
ARKANSAS HEALTH INSURANCE
EXAM AND PRACTICE EXAM 2024-
2025 WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED
DETAILED ANSWERS |FREQUENTLY
TESTED QUESTIONS AND SOLUTIONS
|ALREADY GRADED
A+|NEWEST|GUARANTEED PASS
|LATEST UPDATE
An insurance applicant with a below-average likelihood of loss is typically considered to be a
preferred risk
subpar risk
declined risk
standard risk
preferred risk
Which of these characteristics of an applicant is NOT taken into consideration when assessing risk for
Disability coverage?
health of applicant
gender of applicant
number of children
occupation of applicant
number of children
1|Page
,Which of the following would be a valid reason why a policy premium would be higher than the
standard premium?
The insurer is not a member of the MIB
The agent quoted the wrong price
The insured does not have the necessary financial reserves
The insured does not meet established underwriting requirements
The insured does not meet established underwriting requirements
An insured was injured as an innocent bystander when someone committed a felony. The insurer is
likely to void the policy
partially liable for the loss
not liable for the loss
liable for the loss
liable for the loss
How are premiums paid by the insured for personally owned disability income insurance treated for tax
purposes?
All of the following are primary risk factors in underwriting individual health insurance policies EXCEPT
Geographical location
Moral hazard
Occupation
Physical condition
geographical location
Field underwriting performed by the producer involves
assigning a risk classification to the insured
providing commission information to the applicant
approving or declining an applicant
completing the application and collecting initial premium
completing the application and collecting initial premium
A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which
risk classification?
2|Page
,Standard
Substandard
Acceptable
Preferred
preferred
Which of the following is a requirement for ANY change in an insurance application?
Change must be initialed by the agent
Change must be initialed by the applicant
Change must be approved by the insurer
Change must be notorized
Change must be initialed by the applicant
Which of these is likely to occur when life or health insurance is being applied for?
The Medical Information Bureau (MIB) will determine the risk classification
The agent is required to report all medical information to the Medical Information Bureau (MIB)
Physical examinations are required
Medical history from the insured may be reviewed and reported
Medical history from the insured may be reviewed and reported
All of the following factors would affect a health insurance policy's premium rate EXCEPT
Age of the insured
Occupation of the insured
Type of benefit provided
Residential address of the insured
Residential address of the insured
Which of the following pertains to the analysis of an applicant's personal information and determining
whether insurance should be issued or declined?
Taylor the producer is delivering a specified disease insurance policy to a new policyowner. Upon
delivery, she may be expected to collect all of the following EXCEPT a(n)
initial premium
3|Page
, signed impairment rider acknowledgement
modified application with a new signature
good health statement
Modified application with a new signature
The difference between pre-certification and concurrent review is that pre-certification
costs more to the patient
costs less to the patient
is considered a cost containment measure
occurs before the treatment is provided
occurs before the treatment is provided
The Commissioner MUST give a MINIMUM of how many days' notice of a disciplinary hearing?
10 days
30 days
60 days
90 days
10 days
The following are considered deceptive and unfair practices, and are prohibited, EXCEPT:
Referring to an insurance premium as an investment, deposit, or savings
Making any misrepresentation or false, deceptive, or misleading statement
Asking probing questions to a client to determine which products may be suitable
Indicating that cash or loan values are death benefits payable in addition to the insurance policy's face
amount
Referring to an insurance premium as an investment, deposit, or savings
Making a statement that is false or maliciously critical of the financial condition of an insurer is known
as:
coercion
defamation
intimidation
boycott
defamation
A producer may begin to solicit insurance ONLY when
4|Page
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