Which of the following individuals is required to pass an insurance licensing exam in order to reinstate their license due to a failure to meet CE requirements?

a. A nonresident producer

b. An individual reinstating their license after less than 12 months

c. An individual licensed to sell credit property insurance

d. An insurance adjuster

Answer: d. An insurance adjuster

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?

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? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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A domestic insurer issuing variable contracts must establish one or more
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The pro rata liability clause is designed to protect the principle of
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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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All of the following entities regulate variable life policies EXCEPT
The pro rata liability clause is designed to protect the principle of
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What is the benefit of choosing extended term as a nonforfeiture option?
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What is the purpose of establishing the target premium for a universal life policy?
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