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