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Arkansas Health insurance exam Questions and
Correct Answers/ Latest Update / Already Graded
If an agent makes a correction on the application for health insurance, who must
initial the correct answer?
Ans: The applicant
What is the term used for a written request for an insurer to issue an insurance
contract based on the provided information?
Ans: Application
What information are the members of the Medical Information Bureau required
to report?
Ans: Adverse medical information about the applicants or insured.
When should an agent obtain a Statement of Good Health from the insured?
Ans: When the premium was paid upon policy delivery and not the time of
application.
What is the entire contract in health insurance underwriting?
Ans: The application and policy issued.
What entities make up the Medical Information Bureau?
Ans: Insurers
What is the best way to make a change on an application for insurance?
Ans: Start over with a fresh application
© 2025/ 2026 | ® All rights reserved
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In health insurance, the policy itself and the insurance application form what?
Ans: The entire contract
If an insurer decides to obtain medical information from different sources in order
to determine the insurability of an applicant, who must be notified of the
investigation?
Ans: The applicant
Who must sign a health insurance application?
Ans: The policyowner, the insured (if different), and the agent
If an underwriter requires extensive information about the applicant's medical
history, what report will best serve this purpose?
Ans: Attending Physicians statement
Who is responsible for paying the cost of a medical examination required in the
process of underwriting?
Ans: Insurer
Whose responsibility is it to inform an applicant for health insurance about the
insurer's information gathering practices?
Ans: The agent
What type of hospital policy pays a fixed amount each day that the insured is in
the hospital?
Ans: Hospital indemnity
© 2025/ 2026 | ® All rights reserved
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What is the term for a period of time immediately following a disability during
which benefits are not payable?
Ans: Elimination period
What is the primary purpose of disability income insurance?
Ans: To replace income lost due to a disability
Who are the parties in a group health contract?
Ans: The employer and the insurer
Under what type of care do insurers negotiate contracts with health care
providers to allow subscribers have access to health care services at a favorable
cost?
Ans: Preferred Provider Organization (PPO)
How are HMO territories typically divided?
Ans: geographic areas
Why do HMOs encourage members to get regular checkups?
Ans: To help catch health problems early when treatment has the greatest
chance for success (i.e. preventive care)
Who chooses a primary care physician in an HMO plan?
Ans: The individual member
What is a fee-for-service health plan?
© 2025/ 2026 | ® All rights reserved
Arkansas Health insurance exam Questions and
Correct Answers/ Latest Update / Already Graded
If an agent makes a correction on the application for health insurance, who must
initial the correct answer?
Ans: The applicant
What is the term used for a written request for an insurer to issue an insurance
contract based on the provided information?
Ans: Application
What information are the members of the Medical Information Bureau required
to report?
Ans: Adverse medical information about the applicants or insured.
When should an agent obtain a Statement of Good Health from the insured?
Ans: When the premium was paid upon policy delivery and not the time of
application.
What is the entire contract in health insurance underwriting?
Ans: The application and policy issued.
What entities make up the Medical Information Bureau?
Ans: Insurers
What is the best way to make a change on an application for insurance?
Ans: Start over with a fresh application
© 2025/ 2026 | ® All rights reserved
, 2 | Page
In health insurance, the policy itself and the insurance application form what?
Ans: The entire contract
If an insurer decides to obtain medical information from different sources in order
to determine the insurability of an applicant, who must be notified of the
investigation?
Ans: The applicant
Who must sign a health insurance application?
Ans: The policyowner, the insured (if different), and the agent
If an underwriter requires extensive information about the applicant's medical
history, what report will best serve this purpose?
Ans: Attending Physicians statement
Who is responsible for paying the cost of a medical examination required in the
process of underwriting?
Ans: Insurer
Whose responsibility is it to inform an applicant for health insurance about the
insurer's information gathering practices?
Ans: The agent
What type of hospital policy pays a fixed amount each day that the insured is in
the hospital?
Ans: Hospital indemnity
© 2025/ 2026 | ® All rights reserved
, 3 | Page
What is the term for a period of time immediately following a disability during
which benefits are not payable?
Ans: Elimination period
What is the primary purpose of disability income insurance?
Ans: To replace income lost due to a disability
Who are the parties in a group health contract?
Ans: The employer and the insurer
Under what type of care do insurers negotiate contracts with health care
providers to allow subscribers have access to health care services at a favorable
cost?
Ans: Preferred Provider Organization (PPO)
How are HMO territories typically divided?
Ans: geographic areas
Why do HMOs encourage members to get regular checkups?
Ans: To help catch health problems early when treatment has the greatest
chance for success (i.e. preventive care)
Who chooses a primary care physician in an HMO plan?
Ans: The individual member
What is a fee-for-service health plan?
© 2025/ 2026 | ® All rights reserved
