ARKANSAS LIFE INSURANCE EXAM 2024

ARKANSAS LIFE INSURANCE EXAM 2024 J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - correct answer Twisting What is implied authority defined as? - correct answer Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - correct answer Preferred Which of the following is considered to be the period when the accumulated value in an annuity is paid out? - correct answer Annuitization phase An insurers claim settlement practices are regulated by the: - correct answer State insurance departments An insurers ability to make unpredictable payouts to policy owners is called: - correct answer Liquidity Which o