Arkansas insurance exam - Study guides, Class notes & Summaries

Arkansas Life Insurance Exam Questions With 100% Correct Answers | Verified | Updated 2024

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 ...

Arkansas P&C Exam. 103 Questions with 100% Correct Answers | Verified | Updated 2024. The major portion of the premium for an equipment breakdown policy pays -For repairs after a loss. -For coverage for bodily injury and property damage of others. -For replacement parts. -For inspections and examinations. For inspections and examinations. #3. The party to a surety or fidelity bond who promises to fulfill the obligation is the a) Principal. b) Custodian. c) Surety. d) Obligee. ...

ARKANSAS LIFE INSURANCE EXAM WITH 100% CORRECT ANSWERS 2023

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 exam with complete solutions

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...