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