ARKANSAS LIFE INSURANCE
CERTIFICATION PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
⩥Accidental Death Benefits. Answer: A policy rider that states that the
cause of death will be analyzed to determine if it complies with the
policy description of accidental death.
⩥Accidental Death Insurance. Answer: An insurance policy that
provides payment if the insured's death is the result of an accident.
⩥Accumulation Period. Answer: The time before an annuitant's
retirement during which the annuitant is making payments or
investments in an annuity
⩥Acquired Immunodeficiency Syndrome (AIDS). Answer: An
infectious and incurable disease caused by the human immunodeficiency
virus (HIV).
⩥Actual Cash Value (ACV). Answer: The required amount to pay
damages or for property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
, ⩥Actuary. Answer: A person trained in the technical aspects of insurance
and related fields, particularly in the mathematics of insurance; a person
who, on behalf of the company, determines the mathematical probability
of loss.
⩥Adhesion. Answer: A contract offered on a "take-it-or leave-it" basis
by an insurer, in which the insured's only option is to either accept or
reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
⩥Adjustable Life. Answer: Life insurance which permits changes in the
face amount, premium amount, period of protection, and the duration of
the premium payment period.
⩥Adjuster. Answer: A representative of an insurance company who
investigates and acts on the behalf of the company to obtain agreements
for the amount of the insurance claim.
⩥Administrator. Answer: An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
⩥Admitted (Authorized) Insurer. Answer: An insurance company
authorized and licensed to transact business in a particular state.
CERTIFICATION PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
⩥Accidental Death Benefits. Answer: A policy rider that states that the
cause of death will be analyzed to determine if it complies with the
policy description of accidental death.
⩥Accidental Death Insurance. Answer: An insurance policy that
provides payment if the insured's death is the result of an accident.
⩥Accumulation Period. Answer: The time before an annuitant's
retirement during which the annuitant is making payments or
investments in an annuity
⩥Acquired Immunodeficiency Syndrome (AIDS). Answer: An
infectious and incurable disease caused by the human immunodeficiency
virus (HIV).
⩥Actual Cash Value (ACV). Answer: The required amount to pay
damages or for property loss. This amount is calculated based on the
property's current replacement value minus depreciation.
, ⩥Actuary. Answer: A person trained in the technical aspects of insurance
and related fields, particularly in the mathematics of insurance; a person
who, on behalf of the company, determines the mathematical probability
of loss.
⩥Adhesion. Answer: A contract offered on a "take-it-or leave-it" basis
by an insurer, in which the insured's only option is to either accept or
reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
⩥Adjustable Life. Answer: Life insurance which permits changes in the
face amount, premium amount, period of protection, and the duration of
the premium payment period.
⩥Adjuster. Answer: A representative of an insurance company who
investigates and acts on the behalf of the company to obtain agreements
for the amount of the insurance claim.
⩥Administrator. Answer: An individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased person.
⩥Admitted (Authorized) Insurer. Answer: An insurance company
authorized and licensed to transact business in a particular state.
