Arkansas life and health Study guides, Class notes & Summaries

Arkansas Life Insurance Exam Questions And Answers A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life - ANS C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the first insured? A. ...

ARKANSAS LIFE INSURANCE EXAM (2024) || With Complete Solutions (Graded A+) ARKANSAS LIFE INSURANCE EXAM (2024) || With Complete Solutions (Graded A+) J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANSWER - Twisting What is implied authority defined as? - ANSWER - Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A perso...

Arkansas Life Insurance Training Questions And Answers Twisting - ANS Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. Unfair Discrimination - ANS Permitting individuals of the same class and equal life expectancy to be charged different rates for life insurance or annuities. Boycott, Coercion, Intimidation - ANS Entering into action resulting in an unreasonable restraint of,...

Arkansas Life Insurance Exam Questions and Answers 100% Correct 2024 J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - CORRECT ANSWER-Twisting What is implied authority defined as? - CORRECT ANSWER-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 i...

Arkansas Health Insurance Study Questions and Answers Latest 2024 At what point must a life insurance applicant be informed of their right that fall under the Fair Credit Reporting Act? - CORRECT ANSWER-upon completion of the application Who elects the governing body of a mutual insurance company? - CORRECT ANSWER-policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - CORRECT ANSWER-Fair Credit Reporting ...

Life & Health Insurance Exam (Arkansas). 218 Questions with 100% Correct Answers | Verified | Updated 2024. Reserves Funds held by the company to fullfull future claims. Funds are set by the state department of insurance. Multi-line Insurer An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) Stock Companies Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. nonpartici...

Life & Health Insurance Exam (Arkansas) Questions With Verified Solutions Reserves - ANS Funds held by the company to fulfill future claims. Funds are set by the state department of insurance. Multi-line Insurer - ANS An insurance company selling more than one line of insurance. (Ex. Home, auto, health, etc) Stock Companies - ANS Owned and controlled by stockholders, whose investment set the safety margin. Guaranteed fixed premiums. Nonparticipating policies. non participating...

Life Insurance (Arkansas Statutes, Rules, and Regs For Life And Health Insurance) 100% Correct Life Insurance (Arkansas Statutes, Rules, and Regs For Life And Health Insurance) 100% Correct Life Insurance (Arkansas Statutes, Rules, and Regs For Life And Health Insurance) 100% Correct Life Insurance (Arkansas Statutes, Rules, and Regs For Life And Health Insurance) 100% Correct -Solicitation -Negotiations -Sale -Advising an individual concerning coverage or claims...

ARKANSAS LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life - correct answer C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the first i...