Arkansas health insurance - Study guides, Class notes & Summaries

ARKANSAS HEALTH INSURANCE EXAM

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 an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - ANS ...

Accident - CORRECT ANSWER-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - CORRECT ANSWER-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - CORRECT ANSWER-Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - CORRECT ANSWER-An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the ...

Arkansas Health insurance exam Accurate 100% If an agent makes a correction on the application for health insurance, who must initial the correct answer? - ANSWER The applicant

ARKANSAS HEALTH INSURANCE EXAM (2 DIFFERENT VERSIONS) | ALL QUESTIONS AND CORRECT ANSWERS | GRADED A+ | VERIFIED ANSWERS

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Property and Casualty License in Arkansas Health Insurance Company :Complete Exam 2024 What is Insurance? - CORRECT ANSWER-Transfers the risk of loss from individual to insurance co. What is Risk? - CORRECT ANSWER-Chance of loss occuring What are 3 types of Hazzards? - CORRECT ANSWER-Physical, Moral, Morale What is a Peril? - CORRECT ANSWER-Causes of loss insured against What does Indemnify mean? - CORRECT ANSWER-Right for Reimbursement but only to the extent of the loss. Cannot gain...

Herb owns a processing plant outside of town that services all the local farmers. He's been using over-the-road transportation but wants to streamline his business by using the railroads. He contacts ABC Railway Transport and the two come to an agreement: ABC Railway will run a sidetrack onto Herb's business premises, if Herb agrees not to hold ABC Railway responsible for certain liabilities that could result from the sidetrack's use. This agreement would fall under __________ in He...

Arkansas Health Insurance Exam Terms 100% AccuAccident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - ANSWER An insurance policy which pays a specified amount or a specified multiple of the insured's be...