Life Insurance (Arkansas Statutes, Rules, And Regs
Life Insurance (Arkansas Statutes, Rules, and Regs
Exam (elaborations)
Life Insurance (Arkansas Statutes, Rules, and Regs For Life And Health Insurance) Exam Questions & Answers
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Course
Life Insurance (Arkansas Statutes, Rules, and Regs
Institution
Life Insurance (Arkansas Statutes, Rules, And Regs
_Solicitation
-Negotiations
-Sale
-Advising an individual concerning coverage or claims - ANSWER-The Term Insurance Transaction includes what?
Insurer (principal) - ANSWER-The ______ is the company or organization that issues a policy of insurance
Domestic - ANSWER-A _________ insurer is...
Life Insurance (Arkansas Statutes,
Rules, and Regs For Life And Health
Insurance) Exam Questions & Answers
_Solicitation
-Negotiations
-Sale
-Advising an individual concerning coverage or claims - ANSWER-The Term
Insurance Transaction includes what?
Insurer (principal) - ANSWER-The ______ is the company or organization that
issues a policy of insurance
Domestic - ANSWER-A _________ insurer is an insurance company that is
incorporated in this state.
-The company's home office is in the state in which it was formed.
Foreign - ANSWER-A ________ insurer is an insurance company that is
incorporated in another state or territorial possession
Alien - ANSWER-A ______ insurer is an insurance company that is incorporated
outside the United States.
Stock Companies
Non Participating - ANSWER-Companies owned by the stockholders who provide
the capital necessary to establish and operate the insurance company and who
share in any profits or losses.
-Issue ___________ policies
Mutual Companies
Non taxable - ANSWER-are owned by the policy owners and issue participating
policies
-A return of excess premiums and are therefore ________
Fraternal Benefit Society - ANSWER-Is an organized formed to provide insurance
benefits for members of an affiliated lodge, religious organization, or fraternal
organization with a representative form of government.
Certificate of Authority - ANSWER-Before insurers may transact business in a
specific state, they must apply for and be granted a license or _________ from the
state department of insurance and meet any financial requirements set by the state.
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