Arkansas Life and Health Insurance Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Arkansas Life and Health Insurance Exam. Utilize flashcards and multiple-choice questions with hints and explanations for each question. Get thoroughly ready for your certification test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

All states have adopted the Uniform Individual Accident and Sickness Policy Provision Law. If an insurer changes any of these provisions, they must ensure it does not:

Conflict with other company policies
Decrease the insurer's costs
Alter the minimum requirements of any provision
Change the premium amount

The correct answer is: Alter the minimum requirements of any provision

The Uniform Individual Accident and Sickness Policy Provision Law aims to standardize certain provisions to protect policyholders. If an insurer changes any of these provisions, they must ensure that the changes do not alter the minimum requirements of any provision. This is essential to maintain the basic protections and benefits that policyholders are entitled to under the law. Therefore, option C is the correct answer. Options A, B, and D are incorrect because the law does not specifically address conflicts with other company policies, decreasing insurer costs, or changing the premium amount. The focus of the law is to set minimum standards for policy provisions to safeguard policyholders' interests.