Arkansas insurance - Study guides, Class notes & Summaries

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Arkansas Insurance Adjuster Certification Exam – All Questions & Solutions (100% Correct) Arkansas Insurance Adjuster Certification Exam – All Questions & Solutions (100% Correct) Which kind of losses are covered under a standard fire policy? - ANSWER - Direct All fires are not covered by the Standard Fire policies, only those that: - ANSWER - are hostile and have a flame or glow At what time does a fire policy go into affect? - ANSWER - 12:01am standard time at the location of the...

Arkansas Insurance Exam Complete Questions & Answers (RATED A)Arkansas Insurance Exam Complete Questions & Answers (RATED A)Arkansas Insurance Exam Complete Questions & Answers (RATED A)Arkansas Insurance Exam Complete Questions & Answers (RATED A) what is the purpose of settlement options? - ANSWER They determine how death proceeds will be paid which of the following determines the cash value of a variable life policy? - ANSWER The performance of the policy portfolio An insured owns a li...

Arkansas Insurance Adjuster State License Exam – Questions & Answers (Graded A+) Arkansas Insurance Adjuster State License Exam – Questions & Answers (Graded A+) what is the purpose of settlement options? - ANSWER - They determine how death proceeds will be paid which of the following determines the cash value of a variable life policy? - ANSWER - The performance of the policy portfolio An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdr...

Arkansas Insurance Regulations Exam With 100% Correct Answers 2024. Performance bond amount $50,000 The director must conduct an examination of every insurer at least once every 5 years Fine for insurance code violations if no greater penalty is specified in the code: Per violation $1000 Fine for insurance code violations if no greater penalty is specified in the code: Maximum per 6 month period $50,000 Length of temporary producer license without requiring and examination if a lice...

Arkansas insurance exam with complete solutions

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An insured receives an annual life insurance dividend check. What term best describes this arrangement? AReduction of Premium BAnnual Dividend Provision CAccumulation at Interest DCash option - ANSWER-D The cash option allows an insurer to send the policyholder an annual, nontaxable dividend check. A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called AVia...

An insured receives an annual life insurance dividend check. What term best describes this arrangement? AReduction of Premium BAnnual Dividend Provision CAccumulation at Interest DCash option - ANSWER-D The cash option allows an insurer to send the policyholder an annual, nontaxable dividend check. A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called AVia...