semplr.

Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Long-term care (AR): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Arkansas

How does Arkansas law limit the definition of 'preexisting condition' in an individual long-term care policy?

  1. Only conditions that were named on the application and excluded by rider
  2. A condition diagnosed within two years before the policy effective date
  3. Advice or treatment recommended or received within six months before coverage
  4. Any condition the insured had at any time at all before the policy was issued
Show the answer

C. Advice or treatment recommended or received within six months before coverage — Ark. Code Ann. 23-97-308(a)(1).

Question 2 · Arkansas

Under Arkansas law, on which ground may an insurer NOT cancel or refuse to renew a long-term care policy?

  1. Nonpayment of premium after the required notice and grace period ends
  2. The insured's age or deteriorating mental or physical health
  3. Exhaustion of the policy's stated maximum lifetime benefit
  4. A request by the policyholder to terminate the coverage in writing
Show the answer

B. The insured's age or deteriorating mental or physical health — Ark. Code Ann. 23-97-307(b)(1).

Question 3 · Arkansas

What long-term care training must an Arkansas producer complete?

  1. No training beyond holding an accident and health line of authority
  2. A one-time course of 2 hours, with no ongoing training requirement
  3. A 16-hour course every year, taught only by the insurer whose product is sold
  4. A one-time course of at least 8 hours plus at least 4 hours every 24 months
Show the answer

D. A one-time course of at least 8 hours plus at least 4 hours every 24 months — AID Rule 13, Sec. 16(A), (B)(1).

Question 4 · Arkansas

What fine may apply to an agent who violates Arkansas long-term care marketing requirements?

  1. The greater of 3 times commissions per policy or $10,000
  2. Up to the amount of one month's premium on each policy involved
  3. License suspension only; Arkansas imposes no monetary fines here
  4. A flat $250 per policy
Show the answer

A. The greater of 3 times commissions per policy or $10,000 — Ark. Code Ann. 23-97-321.

More Life & Health Insurance topics