XCEL Arkansas Laws & Rules Exam Questions & Answers Solved Correctly

During hearing proceedings, if a person files a waiver of immunity or privilege, and the testimony is produced before court or jury, the person loses their _____________. - ANSWER-immunity A producer who shares commissions with a client may be guilty of: - ANSWER-rebating All insurers must be members of what organization, as a condition of their authority to transact insurance in Arkansas? - ANSWER-Arkansas Life and Disability Insurance Guaranty Association Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? - ANSWER-Unintentionally misrepresented a material fact on the application Which provision states that a group accident and health policy must provide a continuation of benefits for an individual insured if the policy is terminated or replaced? - ANSWER-Continuation of Benefits As of January 1, 2014, small group health insurance can be rated on the basis of: - ANSWER-Tobacco use If a person is convicted of a crime stemming from a hearing, a fine up to $________ per violation may be imposed. - ANSWER-$1,000 To protect information systems, agents, brokers, and insurance companies must implement and maintain a(n): - ANSWER-cybersecurity policy When can a producer share commissions with another person? - ANSWER-When the other producer is licensed in the same business Which of the following basics is a producer's fiduciary responsibility? - ANSWER-Collecting premiums and paying them to the insurance company Which of the following is permitted in an advertisement for an insurance policy? - ANSWER-The insurer's name