Arkansas Life and Health Insurance Practice Exam

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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!

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______ are primarily social organizations that engage in charitable and benevolent activities consisting of members of a given faith, lodge, or order, and are usually organized as non-profits.

  1. Fraternal Benefit Societies

  2. Health Maintenance Organizations

  3. Preferred Provider Organizations

  4. Risk Retention Groups

The correct answer is: Fraternal Benefit Societies

Fraternal Benefit Societies are indeed primarily social organizations that engage in charitable and benevolent activities. They consist of members of a given faith, lodge, or order and are typically organized as non-profits. Fraternal Benefit Societies often provide insurance benefits to their members and promote social interaction and community service. The other options are not correct in this context: - Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs) are types of managed care organizations that provide health insurance. - Risk Retention Groups are formed by businesses or organizations to self-insure similar risks.

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