ARKANSAS HEALTH INSURANCE EXAM | f f f f
NEWEST ACTUAL EXAM COMPREHENSIVE Q f f f f
UESTIONS AND VERIFIED ANSWERS GRADED f f f f f
A+ | 100% PASS | 2024 UPDATE! f f f f f f
Which of the following pertains to the analysis of an applicant's personal i
f f f f f f f f f f f f
nformation and determining whether insurance should be issued or decli
f f f f f f f f f
ned?
Adverse calculation f f
Underwriting
Risk classification
f
Actuarial determination - ✔✔✔ Correct Answer > Underwriting
f f f f f f f
Which license is REQUIRED in order to solicit Long Term Care insurance in t
f f f f f f f f f f f f f
he State of Arkansas?
f f f
Life Insurance Producer License
f f f
Long Term Care Insurance Producer License Casu
f f f f f f
alty Insurance Producer License
f f f
Health Insurance Producer License -
f f f f
✔✔✔ Correct Answer > Health Insurance Producer License
f f f f f f f f
,Taylor the producer is delivering a specified disease insurance policy to a n
f f f f f f f f f f f f
ew policyowner. Upon delivery, she may be expected to collect all of the fol
f f f f f f f f f f f f f
lowing EXCEPT a(n) f f
initial premium f
signed impairment rider acknowledgement mod
f f f f
ified application with a new signature
f f f f f
good health statement - f f f
✔✔✔ Correct Answer > Modified application with a new signature
f f f f f f f f f f
The difference between pre-
f f f
certification and concurrent review is that pre-certification
f f f f f f
costs more to the patient costs
f f f f f f
less to the patient
f f f
is considered a cost containment measure
f f f f f
occurs before the treatment is provided - ✔✔✔ Correct Answer >
f f f f f f f f f f
occurs before the treatment is provided
f f f f f
A licensed producer must report any administrative action taken against t
f f f f f f f f f f
he licensee in another jurisdiction or by another agency department in Ark
f f f f f f f f f f f
ansas within how many days of the final disposition?
f f f f f f f f
,10 days f
30 days f
60 days f
90 days - ✔✔✔ Correct Answer > 30 days
f f f f f f f f
When the insured gives birth, coverage for eligible newly born children co
f f f f f f f f f f f
nsists of coverage for injury or sickness including:
f f f f f f f
delivery expenses moth f f
er's lost wages birth abn
f f f f
ormalities
mother's hospitalization - ✔✔✔ Correct Answer > birth abnormalities
f f f f f f f f
An insurance producer is BEST defined as:
f f f f f f
a person appointed by more than one insurance company to issue policies
f f f f f f f f f f f
a person who has a contract with an insurance company to represent it a pe
f f f f f f f f f f f f f f
rson who places insurance with nonadmitted companies
f f f f f f
an employee of an insurance company who has the authority to underwrit
f f f f f f f f f f f
e insurance -
f f
✔✔✔ Correct Answer > a person who has a contract with an insurance c
f f f f f f f f f f f f f f
ompany to represent it f f f
, Which of the following is NOT a reason for the Commissioner to deny or refu
f f f f f f f f f f f f f f
se a producer license application?
f f f f
Recently convicted of a felony f f f f
Engaged in fraudulent insurance practices
f f f f
Unintentionally misrepresented a material fact on the application f f f f f f f
Intentionally violated state insurance laws - ✔✔✔ Correct Answer >
f f f f f f f f f
Unintentionally misrepresented a material fact on the application f f f f f f f
A producer who sells insurance in Arkansas but resides in another state is ca
f f f f f f f f f f f f f
lled a(n): f
unauthorized producer f f
alien producer nonresi
f f
dent producer f
authorized producer - ✔✔✔ Correct Answer > Nonresident producer
f f f f f f f f
Once a policy has been reinstated, the insured MUST wait what amount of ti
f f f f f f f f f f f f f
me before coverage for sickness is covered?
f f f f f f
45 days f
15 davs f
NEWEST ACTUAL EXAM COMPREHENSIVE Q f f f f
UESTIONS AND VERIFIED ANSWERS GRADED f f f f f
A+ | 100% PASS | 2024 UPDATE! f f f f f f
Which of the following pertains to the analysis of an applicant's personal i
f f f f f f f f f f f f
nformation and determining whether insurance should be issued or decli
f f f f f f f f f
ned?
Adverse calculation f f
Underwriting
Risk classification
f
Actuarial determination - ✔✔✔ Correct Answer > Underwriting
f f f f f f f
Which license is REQUIRED in order to solicit Long Term Care insurance in t
f f f f f f f f f f f f f
he State of Arkansas?
f f f
Life Insurance Producer License
f f f
Long Term Care Insurance Producer License Casu
f f f f f f
alty Insurance Producer License
f f f
Health Insurance Producer License -
f f f f
✔✔✔ Correct Answer > Health Insurance Producer License
f f f f f f f f
,Taylor the producer is delivering a specified disease insurance policy to a n
f f f f f f f f f f f f
ew policyowner. Upon delivery, she may be expected to collect all of the fol
f f f f f f f f f f f f f
lowing EXCEPT a(n) f f
initial premium f
signed impairment rider acknowledgement mod
f f f f
ified application with a new signature
f f f f f
good health statement - f f f
✔✔✔ Correct Answer > Modified application with a new signature
f f f f f f f f f f
The difference between pre-
f f f
certification and concurrent review is that pre-certification
f f f f f f
costs more to the patient costs
f f f f f f
less to the patient
f f f
is considered a cost containment measure
f f f f f
occurs before the treatment is provided - ✔✔✔ Correct Answer >
f f f f f f f f f f
occurs before the treatment is provided
f f f f f
A licensed producer must report any administrative action taken against t
f f f f f f f f f f
he licensee in another jurisdiction or by another agency department in Ark
f f f f f f f f f f f
ansas within how many days of the final disposition?
f f f f f f f f
,10 days f
30 days f
60 days f
90 days - ✔✔✔ Correct Answer > 30 days
f f f f f f f f
When the insured gives birth, coverage for eligible newly born children co
f f f f f f f f f f f
nsists of coverage for injury or sickness including:
f f f f f f f
delivery expenses moth f f
er's lost wages birth abn
f f f f
ormalities
mother's hospitalization - ✔✔✔ Correct Answer > birth abnormalities
f f f f f f f f
An insurance producer is BEST defined as:
f f f f f f
a person appointed by more than one insurance company to issue policies
f f f f f f f f f f f
a person who has a contract with an insurance company to represent it a pe
f f f f f f f f f f f f f f
rson who places insurance with nonadmitted companies
f f f f f f
an employee of an insurance company who has the authority to underwrit
f f f f f f f f f f f
e insurance -
f f
✔✔✔ Correct Answer > a person who has a contract with an insurance c
f f f f f f f f f f f f f f
ompany to represent it f f f
, Which of the following is NOT a reason for the Commissioner to deny or refu
f f f f f f f f f f f f f f
se a producer license application?
f f f f
Recently convicted of a felony f f f f
Engaged in fraudulent insurance practices
f f f f
Unintentionally misrepresented a material fact on the application f f f f f f f
Intentionally violated state insurance laws - ✔✔✔ Correct Answer >
f f f f f f f f f
Unintentionally misrepresented a material fact on the application f f f f f f f
A producer who sells insurance in Arkansas but resides in another state is ca
f f f f f f f f f f f f f
lled a(n): f
unauthorized producer f f
alien producer nonresi
f f
dent producer f
authorized producer - ✔✔✔ Correct Answer > Nonresident producer
f f f f f f f f
Once a policy has been reinstated, the insured MUST wait what amount of ti
f f f f f f f f f f f f f
me before coverage for sickness is covered?
f f f f f f
45 days f
15 davs f
