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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILED ANSWERS $22.99   In winkelwagen

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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILED ANSWERS

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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILED ANSWERS

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ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWE
ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILE
ANSWERS
Study online at https://quizlet.com/_fqgrlw
In order for a contract to be valid, it must: Contain an offer & acceptance
When does a nondisabled person first
qualify for a Medicare Supplement Poli- Age 65
cy?
A life insurance company has transferred
some of its risk to another insurer. The Reinsurer
insurer assuming the risk is called the:
A common exclusion with vision plans is: Lasik Surgery
What are applicants statements con-
cerning occupation, hobbies and per- Representation
sonal health history?
States that have "no loss, no gain" laws Pay for ongoing claims under the policy
require a replacing policy to: it replaces
Prepare the insured to return to employ-
A rehabilitation benefit is intended to:
ment
The secondary payor to reduce their ben-
Which of the following does coordination
efit payments so no more than 100% of
of benefits allow?
the claim is paid
An insurer may pay a commission in To a licensed producer who is appointed
which of the following scenarios: with the insurer
In which of the following situations would The insured suffered an injury during a
the insurer be liable for a loss? bank robbery
The Fair Credit and Reporting Act's main Protect consumers with guidelines re-
purpose is to: garding credit reporting and distribution
J is a producer who has induced an in-
sured through misrepresentation to sur-
Twisting
render an existing insurance policy. What
is J guilty of?
Authority that is not specifically given to
an agent contract, but that an agent can
What is implied authority defined as?
reasonably assume to carry out his/her
duties



, ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWE
ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILE
ANSWERS
Study online at https://quizlet.com/_fqgrlw
A person who is a nonsmoker, average
weight, excellent health would fall into Preferred
what risk classification:
Which of the following is considered to
be the period when the accumulated val- Annuitization phase
ue in an annuity is paid out?
An insurers claim settlement practices
State insurance departments
are regulated by the:
The two major actions required for a pol-
provide evidence of insurability, pay past
icyholder to comply with the Reinstate-
due premiums
ment Clause are:
An insurers ability to make unpredictable
Liquidity
payouts to policy owners is called:
Which of the following pertains to the
analysis of an applicants personal infor-
Underwriting
mation and determining whether insur-
ance should be issued or declined?
What does the Group Life underwriting
risk selection process help protect insur- Adverse Selection
ance companies from?
The Arkansas Life & Disability Insurance
Guaranty Association assures payment
of benefits from insurance policies for Liability Insurance
insolvent insurers, and covers all of the
following insured policies, EXCEPT:
Pat owns a 20-pay life policy with a The policy may be paid up early by using
paid-up dividend option. Which is true? policy dividends?
What would happen if a life insurance
applicant is given a conditional receipt Claim will be paid if application is ap-
from an insurance agent and then dies proved
the next day?
A policy owner can receive a percentage
payment of the death benefits prior to Viatical Settlement agreement
death by using what kind of contract?


, ARKANSAS HEALTH INSURANCE EXAM AND PRACTICE EXAM NEWE
ACTUAL EXAM COMPLETE 230 QUESTIONS AND CORRECT DETAILE
ANSWERS
Study online at https://quizlet.com/_fqgrlw
A life insurance policy owner does NOT
Revoke an absolute assignment
have the right to:
An employee under a group insurance
Convert to an individual policy in the
policy has the right to name a beneficiary
event of employment termination
and the right to:
Ron has a life insurance policy with a
face value of $100,000 and a cost of
living rider. If the consumer price index $4,000
has gone up 4%, how much may Ron
increase the face value of the policy?
Krissa purchases a 10-year level term
life insurance policy that has a death The face amount and premium will re-
benefit of $200,000. Which of these main constant over the 10-year period
statements is true?
What is Arkansas required grace period
31 days
for a life insurance contract?
A domestic insurance company in Be organized under Arkansas insurance
Arkansas MUST: laws
Which would be considered a possi-
ble applicant & contract policyholder for Employer
group health benefits?
Amy has a group medical policy through
her employer with a $500 deductible and
a 90% coinsurance provision. She incurs
$1,000
a $1,500 in covered healthcare services.
How much will her group insurance car-
rier pay?
Upper limit of the total lifetime benefits
"Maximum benefits" refers to the:
the insurance company will pay
What does Medicare part D cover? Prescription drugs
Which best describes a conditional in- A contract that requires certain condi-
surance contract? tions or acts by the insured individual

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