When Lisa discovered that an insurer, which had sought to place personal lines business through her was not admitted in the state of Arkansas, Lisa was required to:

a. Report any client complaints directly to the commissioner

b. Report the company to the Commissioner

c. Get a non-resident license in the insurer's home state

d. Get a surplus lines license

Answer: b. Report the company to the Commissioner

Arkansas State Law

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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What is the purpose of establishing the target premium for a universal life policy?
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