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Arkansas Life Insurance Study Guide 2024 Questions and Answers

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Arkansas Life Insurance Study Guide 2024 Questions and Answers Adverse Selection - CORRECT ANSWER-Insuring of risks that are more prone to losses than the average risk. Death Benefit - CORRECT ANSWER-The amount paid upon the death of the insured in a life insurance policy. Insurance Policy - CORRECT ANSWER-A contract between a policyowner/insured and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events. Insured - CORRECT ANSWER-P...

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Arkansas Life Insurance Exam Questions and Answers 100% Correct 2024

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Arkansas Life Insurance Exam Questions and Answers 100% Correct 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 i...

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