ARKANSAS LIFE INSURANCE
CERTIFICATION REVIEW 2026 PRACTICE
QUESTIONS WITH ACCURATE SOLUTIONS
GRADED A+
⩥ All of these are settlement options for life insurance policies EXCEPT
Answer: Extended term
⩥ What is the purpose of the Medical Information Bureau (MIB)?
Answer: To help underwriters evaluate risk
⩥ A producer's license CANNOT be revoked without
Answer: A hearing given to the producer
⩥ What will the beneficiary receive if an annuitant dies during the
accumulation period?
Answer: The greater of the accumulated cash value or the total premium
paid
⩥ Advertising records are subject to examination by the Arkansas
Insurance Department, and must be maintained for at least
,Answer: 4 years or until the next regular examination by the
Department, whichever is longer
⩥ Defamation occurs when a producer makes a false statement intended
to
Answer: Malign another insurer
*producers making false statements intended to malign another
insurance company may be found guilty of defamation
⩥ Which is considered to be a document that describes the critical
segments of a life insurance policy?
Answer: Policy summary
⩥ What factors would an insurer consider when determining whether to
accept a group life plan?
Answer: Average age
⩥ A producer who knowingly submits FALSE statements in support of a
claim may be found guilty of
Answer: Fraud
⩥ A licensee who is required to take continuing education must
complete _____ hours of continuing education coursework?
, Answer: 24 hours
*3 of which must be related to ethics
⩥ What is a corridor in relation to a Universal Life insurance policy?
Answer: The gap between the total death benefit and the policy's cash
value
⩥ In what part of an insurance policy are policy benefits found?
Answer: Declarations
*declaration page is like a quick guide to the insurance policy, providing
all the basic information the policyholder needs to know
⩥ Which of the following is a reinstatement condition?
Answer: Proof of insurability
⩥ Which is NOT part of an insurance contract?
Answer: Certificate of Authority
CERTIFICATION REVIEW 2026 PRACTICE
QUESTIONS WITH ACCURATE SOLUTIONS
GRADED A+
⩥ All of these are settlement options for life insurance policies EXCEPT
Answer: Extended term
⩥ What is the purpose of the Medical Information Bureau (MIB)?
Answer: To help underwriters evaluate risk
⩥ A producer's license CANNOT be revoked without
Answer: A hearing given to the producer
⩥ What will the beneficiary receive if an annuitant dies during the
accumulation period?
Answer: The greater of the accumulated cash value or the total premium
paid
⩥ Advertising records are subject to examination by the Arkansas
Insurance Department, and must be maintained for at least
,Answer: 4 years or until the next regular examination by the
Department, whichever is longer
⩥ Defamation occurs when a producer makes a false statement intended
to
Answer: Malign another insurer
*producers making false statements intended to malign another
insurance company may be found guilty of defamation
⩥ Which is considered to be a document that describes the critical
segments of a life insurance policy?
Answer: Policy summary
⩥ What factors would an insurer consider when determining whether to
accept a group life plan?
Answer: Average age
⩥ A producer who knowingly submits FALSE statements in support of a
claim may be found guilty of
Answer: Fraud
⩥ A licensee who is required to take continuing education must
complete _____ hours of continuing education coursework?
, Answer: 24 hours
*3 of which must be related to ethics
⩥ What is a corridor in relation to a Universal Life insurance policy?
Answer: The gap between the total death benefit and the policy's cash
value
⩥ In what part of an insurance policy are policy benefits found?
Answer: Declarations
*declaration page is like a quick guide to the insurance policy, providing
all the basic information the policyholder needs to know
⩥ Which of the following is a reinstatement condition?
Answer: Proof of insurability
⩥ Which is NOT part of an insurance contract?
Answer: Certificate of Authority
