ARKANSAS HEALTH INSURANCE EXAM
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+
Which of the following pertains to the analysis of an applicant's
| | | | | | | | | |
personal information and determining whether insurance should be
| | | | | | | |
issued or declined?
| | |
Adverse calculation |
Underwriting
|
Risk classification
|
Actuarial determination - ✔✔✔ Correct Answer > Underwriting
| | | | | | |
Which license is REQUIRED in order to solicit Long Term Care insurance
| | | | | | | | | | |
in the State of Arkansas?
| | | | |
Life Insurance Producer License
| | |
Long Term Care Insurance Producer License
| | | | |
Casualty Insurance Producer License
| | | |
Health Insurance Producer License - ✔✔✔ Correct Answer > Health
| | | | | | | | |
Insurance Producer License
| | |
,Taylor the producer is delivering a specified disease insurance policy to
| | | | | | | | | |
a new policyowner. Upon delivery, she may be expected to collect all of
| | | | | | | | | | | | |
the following EXCEPT a(n)
| | | |
initial premium |
signed impairment rider acknowledgement
| | |
modified application with a new signature
| | | | | |
good health statement - ✔✔✔ Correct Answer > Modified
| | | | | | | |
application with a new signature
| | | | |
The difference between pre-certification and concurrent review is that
| | | | | | | |
pre-certification
|
costs more to the patient
| | | |
costs less to the patient
| | | | |
is considered a cost containment measure
| | | | |
occurs before the treatment is provided - ✔✔✔ Correct Answer >
| | | | | | | | | |
occurs before the treatment is provided
| | | | |
A licensed producer must report any administrative action taken
| | | | | | | |
against the licensee in another jurisdiction or by another agency
| | | | | | | | | |
department in Arkansas within how many days of the final disposition?
| | | | | | | | | | |
,10 days |
30 days |
60 days |
90 days - ✔✔✔ Correct Answer > 30 days
| | | | | | | |
When the insured gives birth, coverage for eligible newly born children
| | | | | | | | | |
consists of coverage for injury or sickness including:
| | | | | | | |
delivery expenses |
mother's lost wages
| | |
birth abnormalities
| |
mother's hospitalization - ✔✔✔ Correct Answer > birth
| | | | | | |
abnormalities
|
An insurance producer is BEST defined as:
| | | | | |
a person appointed by more than one insurance company to issue
| | | | | | | | | |
policies
|
a person who has a contract with an insurance company to represent it
| | | | | | | | | | | |
a person who places insurance with nonadmitted companies
| | | | | | | |
an employee of an insurance company who has the authority to
| | | | | | | | | |
underwrite insurance - ✔✔✔ Correct Answer > a person who has a
| | | | | | | | | | | |
contract with an insurance company to represent it
| | | | | | | |
, Which of the following is NOT a reason for the Commissioner to deny or
| | | | | | | | | | | | |
refuse a producer license application?
| | | | |
Recently convicted of a felony | | | |
Engaged in fraudulent insurance practices
| | | |
Unintentionally misrepresented a material fact on the application
| | | | | | |
Intentionally violated state insurance laws - ✔✔✔ Correct Answer >
| | | | | | | | |
Unintentionally misrepresented a material fact on the application
| | | | | | |
A producer who sells insurance in Arkansas but resides in another state
| | | | | | | | | | |
is called a(n):
| | |
unauthorized producer |
alien producer
| |
nonresident producer
| |
authorized producer - ✔✔✔ Correct Answer > Nonresident producer
| | | | | | | |
Once a policy has been reinstated, the insured MUST wait what amount
| | | | | | | | | | |
of time before coverage for sickness is covered?
| | | | | | | |
45 days |
15 davs |
NEWEST ACTUAL EXAM COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+
Which of the following pertains to the analysis of an applicant's
| | | | | | | | | |
personal information and determining whether insurance should be
| | | | | | | |
issued or declined?
| | |
Adverse calculation |
Underwriting
|
Risk classification
|
Actuarial determination - ✔✔✔ Correct Answer > Underwriting
| | | | | | |
Which license is REQUIRED in order to solicit Long Term Care insurance
| | | | | | | | | | |
in the State of Arkansas?
| | | | |
Life Insurance Producer License
| | |
Long Term Care Insurance Producer License
| | | | |
Casualty Insurance Producer License
| | | |
Health Insurance Producer License - ✔✔✔ Correct Answer > Health
| | | | | | | | |
Insurance Producer License
| | |
,Taylor the producer is delivering a specified disease insurance policy to
| | | | | | | | | |
a new policyowner. Upon delivery, she may be expected to collect all of
| | | | | | | | | | | | |
the following EXCEPT a(n)
| | | |
initial premium |
signed impairment rider acknowledgement
| | |
modified application with a new signature
| | | | | |
good health statement - ✔✔✔ Correct Answer > Modified
| | | | | | | |
application with a new signature
| | | | |
The difference between pre-certification and concurrent review is that
| | | | | | | |
pre-certification
|
costs more to the patient
| | | |
costs less to the patient
| | | | |
is considered a cost containment measure
| | | | |
occurs before the treatment is provided - ✔✔✔ Correct Answer >
| | | | | | | | | |
occurs before the treatment is provided
| | | | |
A licensed producer must report any administrative action taken
| | | | | | | |
against the licensee in another jurisdiction or by another agency
| | | | | | | | | |
department in Arkansas within how many days of the final disposition?
| | | | | | | | | | |
,10 days |
30 days |
60 days |
90 days - ✔✔✔ Correct Answer > 30 days
| | | | | | | |
When the insured gives birth, coverage for eligible newly born children
| | | | | | | | | |
consists of coverage for injury or sickness including:
| | | | | | | |
delivery expenses |
mother's lost wages
| | |
birth abnormalities
| |
mother's hospitalization - ✔✔✔ Correct Answer > birth
| | | | | | |
abnormalities
|
An insurance producer is BEST defined as:
| | | | | |
a person appointed by more than one insurance company to issue
| | | | | | | | | |
policies
|
a person who has a contract with an insurance company to represent it
| | | | | | | | | | | |
a person who places insurance with nonadmitted companies
| | | | | | | |
an employee of an insurance company who has the authority to
| | | | | | | | | |
underwrite insurance - ✔✔✔ Correct Answer > a person who has a
| | | | | | | | | | | |
contract with an insurance company to represent it
| | | | | | | |
, Which of the following is NOT a reason for the Commissioner to deny or
| | | | | | | | | | | | |
refuse a producer license application?
| | | | |
Recently convicted of a felony | | | |
Engaged in fraudulent insurance practices
| | | |
Unintentionally misrepresented a material fact on the application
| | | | | | |
Intentionally violated state insurance laws - ✔✔✔ Correct Answer >
| | | | | | | | |
Unintentionally misrepresented a material fact on the application
| | | | | | |
A producer who sells insurance in Arkansas but resides in another state
| | | | | | | | | | |
is called a(n):
| | |
unauthorized producer |
alien producer
| |
nonresident producer
| |
authorized producer - ✔✔✔ Correct Answer > Nonresident producer
| | | | | | | |
Once a policy has been reinstated, the insured MUST wait what amount
| | | | | | | | | | |
of time before coverage for sickness is covered?
| | | | | | | |
45 days |
15 davs |
