XCEL CHAPTER 11 CHAPTER EXAM
2025 QUESTIONS AND ANSWERS
Maria the insurance producer completes a sale by collecting the required signatures on the
application and obtaining the initial premium. Afterwards, she deposited the check into a
personal checking account. Maria committed what crime? - ANS Fraud
Making a statement that is false and maliciously critical of the financial condition of the insurer
is known as - ANS Defamation
Which of the following statements is true about an insurer's right to screen applicants for HIV? -
ANS An insurer can require a blood test for HIV
What information is found in a life insurance buyers guide - ANS How to compare life
insurance policy rates, how to compare life insurance policy requirements, how to determine
how much life insurance to purchase.
The commissioner MUST give a MINIMUM of how many days' notice of a disciplinary hearing? -
ANS 10 days
An insurer may pay a commission in which of the following scenarios? - ANS To a licensed
producer who is appointed with the insurer
Which of the following is permitted in an advertisement for an insurance policy? - ANS The
insurer's name
1 @COPYRIGHT THEBRIGHT 2025/2026
, A foreign insurance company is defined as one that is? - ANS Formed under the laws of a
state other than Arkansas
An example of replacement is - ANS Canceling a term life policy to buy a whole life policy
If dividends are illustrated, the advertisement must state that the dividends are - ANS Not
guaranteed
A life insurance policy becomes incontestable after it has been in force for - ANS 2 years
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__________. -
ANS Immunity
Which of the following basics is a producers fiduciary responsibility? - ANS Collecting
premiums and paying them to the insurance company
How long must the commissioner maintain a complete record for every licensee in Arkansas
for? - ANS As long as He/She deems necessary.
The following are considered deceptive and unfair practices, and are prohibited. -
ANS Referring to an insurance premium as an investment, deposit, or savings; making any
misrepresentation or false, deceptive, or misleading statement; indicating that cash or loan
values are death benefits payable in addition to the insurance policy's face amount.
A producer's license CANNOT be revoked without - ANS a hearing given to the producer
An Arkansas temporary producer license may be issued for a period not to exceed? -
ANS 180 days
2 @COPYRIGHT THEBRIGHT 2025/2026
2025 QUESTIONS AND ANSWERS
Maria the insurance producer completes a sale by collecting the required signatures on the
application and obtaining the initial premium. Afterwards, she deposited the check into a
personal checking account. Maria committed what crime? - ANS Fraud
Making a statement that is false and maliciously critical of the financial condition of the insurer
is known as - ANS Defamation
Which of the following statements is true about an insurer's right to screen applicants for HIV? -
ANS An insurer can require a blood test for HIV
What information is found in a life insurance buyers guide - ANS How to compare life
insurance policy rates, how to compare life insurance policy requirements, how to determine
how much life insurance to purchase.
The commissioner MUST give a MINIMUM of how many days' notice of a disciplinary hearing? -
ANS 10 days
An insurer may pay a commission in which of the following scenarios? - ANS To a licensed
producer who is appointed with the insurer
Which of the following is permitted in an advertisement for an insurance policy? - ANS The
insurer's name
1 @COPYRIGHT THEBRIGHT 2025/2026
, A foreign insurance company is defined as one that is? - ANS Formed under the laws of a
state other than Arkansas
An example of replacement is - ANS Canceling a term life policy to buy a whole life policy
If dividends are illustrated, the advertisement must state that the dividends are - ANS Not
guaranteed
A life insurance policy becomes incontestable after it has been in force for - ANS 2 years
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__________. -
ANS Immunity
Which of the following basics is a producers fiduciary responsibility? - ANS Collecting
premiums and paying them to the insurance company
How long must the commissioner maintain a complete record for every licensee in Arkansas
for? - ANS As long as He/She deems necessary.
The following are considered deceptive and unfair practices, and are prohibited. -
ANS Referring to an insurance premium as an investment, deposit, or savings; making any
misrepresentation or false, deceptive, or misleading statement; indicating that cash or loan
values are death benefits payable in addition to the insurance policy's face amount.
A producer's license CANNOT be revoked without - ANS a hearing given to the producer
An Arkansas temporary producer license may be issued for a period not to exceed? -
ANS 180 days
2 @COPYRIGHT THEBRIGHT 2025/2026
