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ARKANSAS HEALTH INSURANCE EXAM NEWEST WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!! _______ is NOT an element of a valid contract: - ANSW..Countersignature "M$17.99
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ARKANSAS HEALTH INSURANCE EXAM NEWEST WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!! _______ is NOT an element of a valid contract: - ANSW..Countersignature "M
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Course
Arkansas adjuster license
Institution
Arkansas Adjuster License
ARKANSAS HEALTH INSURANCE EXAM NEWEST WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS)
ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!
_______ is NOT an element of a valid contract: - ANSW..Countersignature
"Maximum benefits" refers to the: - ANSW..Upper limit of t...
ARKANSAS HEALTH INSURANCE EXAM NEWEST 2024-2025 WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS)
ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!
_______ is NOT an element of a valid contract: - ✔✔ANSW✔✔..Countersignature
"Maximum benefits" refers to the: - ✔✔ANSW✔✔..Upper limit of the total lifetime
benefits the insurance company will pay
What is not a function of an insuring clause? - ✔✔ANSW✔✔..Primarily describes the
free-look period
What is NOT included as part of a contract in the entire contract provision? -
✔✔ANSW✔✔..Changes made by the producer
What is the elimination period of an individual disability policy? - ✔✔ANSW✔✔..Time
period a disabled person must wait before benefits are paid
What is the purpose of a Disability Income Benefit? - ✔✔ANSW✔✔..Provide money for
living expenses
What is the tax liability for employer contributions in Health Savings Accounts (HSA's)? -
✔✔ANSW✔✔..No tax payment needed
What is true about Medicaid? - ✔✔ANSW✔✔..Funded by federal, state and local taxes
What kind of life insurance policy issued by a mutual insurer provides a return of
divisible surplus? - ✔✔ANSW✔✔..Participating life insurance policy
What kind of life insurance policy issued by a mutual insurer provides a return of
divisible surplus? - ✔✔ANSW✔✔..Participating life insurance policy
What makes an insurance policy a unilateral contract? - ✔✔ANSW✔✔..Only the insurer
is legally bound
What MUST a company do prior to conducting an HIV related test? -
✔✔ANSW✔✔..Obtain a written consent from the proposed insured
,What percentage of a participant's income are group long-term disability benefit
amounts typically limited to? - ✔✔ANSW✔✔..60%
What type of injury would NOT be covered under a health insurance policy? -
✔✔ANSW✔✔..Work-related
What type of policy would only provide coverage for specific types of illnesses (cancer,
stroke, etc)? - ✔✔ANSW✔✔..Dread disease insurance
What would happen if a life insurance applicant is given a conditional receipt from an
insurance agent and then dies the next day? - ✔✔ANSW✔✔..Claim will be paid if
application is approved
When an insured has a major medical plan with first dollar coverage, how does this
impact the benefits paid? - ✔✔ANSW✔✔..No deductible payment is required
When can a group health policy renewal be denied according to the Health Insurance
Portability and Accountability Act (HIPAA)? - ✔✔ANSW✔✔..When the contribution or
participation rules have been violated
When comparing an HMO to a PPO, the PPO: - ✔✔ANSW✔✔..Provides a greater
choice of providers
When does a nondisabled person first qualify for a Medicare Supplement Policy? -
✔✔ANSW✔✔..Age 65
When the principal gives the agent authority in writing, it's referred to as: -
✔✔ANSW✔✔..Express authority
Which approach predicts a persons earning potential and determines how much of that
amount would be devoted to dependents? - ✔✔ANSW✔✔..Human life value approach
Which best describes a conditional insurance contract? - ✔✔ANSW✔✔..A contract that
requires certain conditions or acts by the insured individual
Which disability policy provision would address any concerns of the value of the benefits
decreasing over time? - ✔✔ANSW✔✔..Cost of living benefit
A 70 y/o insured individual has suffered from kidney failure for the past 24 months. She
is covered by her spouses large-group employer plan. How will Medicare be utilized in
this situation? - ✔✔ANSW✔✔..Will be the 2nd insurer & pay for claims not fully covered
by the group plan
, A beneficiary change can occur: - ✔✔ANSW✔✔..Normally, at any time
A clause that allows an insurer the right to terminate coverage at any anniversary date
is called a(n): - ✔✔ANSW✔✔..Optional renewability clause
A common exclusion with vision plans is: - ✔✔ANSW✔✔..Lasik Surgery
A domestic insurance company in Arkansas MUST: - ✔✔ANSW✔✔..Be organized
under Arkansas insurance laws
A dread disease policy is considered to be a type of - ✔✔ANSW✔✔..Limited health
insurance policy
A group Disability Income plan that pays tax-free benefits to covered employees is
considered: - ✔✔ANSW✔✔..Fully contributory
A health insurance policy that allows an insurer to change the policy owners premiums,
but NOT cancel the policy is called a(n): - ✔✔ANSW✔✔..Guaranteed renewal policy
A health insurance policy where the insurer has the right to terminate the policy for
reasons other than the insured's health is called: - ✔✔ANSW✔✔..Conditionally
renewable
A healthcare provider claim may be settled using which of the following payment
methods? - ✔✔ANSW✔✔..Fee-for-service
A hearing must be held before a producer's license can be suspended or revoked. Prior
to the hearing, the commissioner is required to: - ✔✔ANSW✔✔..Give written notice to
the producer
A life insurance company has transferred some of its risk to another insurer. The insurer
assuming the risk is called the: - ✔✔ANSW✔✔..Reinsurer
A life insurance policy owner does NOT have the right to: - ✔✔ANSW✔✔..Revoke an
absolute assignment
A long-term care policy typically provides all of the following levels of care EXCEPT: -
✔✔ANSW✔✔..Acute care
A medical provider that accepts Medicare Assignment must: - ✔✔ANSW✔✔..Accept
payment based upon a defined Medicare schedule as payment in full
A Medicare Supplement basic benefit is - ✔✔ANSW✔✔..The first 3 pints of blood per
year
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