Arkansas Life Insurance Exam Study
Guide | Rated A+ | Latest 2025 Guide
Insurance interest - Correct Answer - The person acquiring the contract
must be subject to loss upon the death, illness, or disability of the person
being insured
Stranger-Originated Life Insurance - Correct Answer - Names the
investors as beneficiaries
Revocable - Correct Answer - At any time without notifying or getting
permission from the beneficiary
Irrevocable - Correct Answer - May not be changed without the written
consent of the beneficiary
Common disaster orovidion - Correct Answer - A policyowner can be
sure that if both the insured and the primary beneficiary die within a short
period of time, the death benefit will be paid to the contingent beneficiary
Fair Credit Reporting Act - Correct Answer - If an insurance company
obtains an inspection report in a prospective insured, it must inform the
prospect that it is permitted to do so under what
, Risk Classification - Correct Answer - Once all the information about a
given applicant has been reviewed, the underwriter seeks to classify the
risk that the applicant poses to be insured
Preferred Risk - Correct Answer - Rating include not smoking, weight
within a ideal range and not drinking
Agent - Correct Answer - Who will the Insurance company return the
policy to if the application is incomplete
Applicant - Correct Answer - Who needs to initial corrections on
application
5 years - Correct Answer - How often must the commissioner exam
every insurance company
Biannually - Correct Answer - How often must a agent complete
continuing education
Biannually of their Birth month - Correct Answer - When should a agent
complete the continuing education every 2 years
Guide | Rated A+ | Latest 2025 Guide
Insurance interest - Correct Answer - The person acquiring the contract
must be subject to loss upon the death, illness, or disability of the person
being insured
Stranger-Originated Life Insurance - Correct Answer - Names the
investors as beneficiaries
Revocable - Correct Answer - At any time without notifying or getting
permission from the beneficiary
Irrevocable - Correct Answer - May not be changed without the written
consent of the beneficiary
Common disaster orovidion - Correct Answer - A policyowner can be
sure that if both the insured and the primary beneficiary die within a short
period of time, the death benefit will be paid to the contingent beneficiary
Fair Credit Reporting Act - Correct Answer - If an insurance company
obtains an inspection report in a prospective insured, it must inform the
prospect that it is permitted to do so under what
, Risk Classification - Correct Answer - Once all the information about a
given applicant has been reviewed, the underwriter seeks to classify the
risk that the applicant poses to be insured
Preferred Risk - Correct Answer - Rating include not smoking, weight
within a ideal range and not drinking
Agent - Correct Answer - Who will the Insurance company return the
policy to if the application is incomplete
Applicant - Correct Answer - Who needs to initial corrections on
application
5 years - Correct Answer - How often must the commissioner exam
every insurance company
Biannually - Correct Answer - How often must a agent complete
continuing education
Biannually of their Birth month - Correct Answer - When should a agent
complete the continuing education every 2 years
