Chapter 10: Arkansas Statutes, Rules,
and Regulations Pertinent to Health
Only Questions and Correct Answers
2025-2026 Updated.
Blanket Policy - Answer covers members of a particular group when they are participating in
a particular activity, without naming individual insureds
Disclosure - Answer Information revealed to help someone make an informed and educated
decision
Guaranteed renewable - Answer a policy written on a noncancellable basis with the
guaranteed right to renew
NAIC - Answer National Association of Insurance Commissioners, a standard-setting and
regulatory support organization governed by the chief insurance regulators from the 50 states,
D.C. and U.S. territories
Solicitation - Answer An attempt to persuade a person to buy an insurance policy, and it can
be done orally or in writing
Nonrenew - Answer terminate an insurance policy at its expiration date
An insurer that elects not to renew a health benefit plan will be prohibited from writing new
business in the individual market in this state for a period of ____________ from the date of
discontinuation - Answer 5 years
What's the time limit on certain defenses? - Answer 3 years
What are the grace periods from weekly, monthly and other premiums? - Answer -7 days for
weekly
-10 days for monthly
-31 days for any other premium mode
and Regulations Pertinent to Health
Only Questions and Correct Answers
2025-2026 Updated.
Blanket Policy - Answer covers members of a particular group when they are participating in
a particular activity, without naming individual insureds
Disclosure - Answer Information revealed to help someone make an informed and educated
decision
Guaranteed renewable - Answer a policy written on a noncancellable basis with the
guaranteed right to renew
NAIC - Answer National Association of Insurance Commissioners, a standard-setting and
regulatory support organization governed by the chief insurance regulators from the 50 states,
D.C. and U.S. territories
Solicitation - Answer An attempt to persuade a person to buy an insurance policy, and it can
be done orally or in writing
Nonrenew - Answer terminate an insurance policy at its expiration date
An insurer that elects not to renew a health benefit plan will be prohibited from writing new
business in the individual market in this state for a period of ____________ from the date of
discontinuation - Answer 5 years
What's the time limit on certain defenses? - Answer 3 years
What are the grace periods from weekly, monthly and other premiums? - Answer -7 days for
weekly
-10 days for monthly
-31 days for any other premium mode
