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!

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.

What is the penalty for a producer who accepts business from an unlicensed producer?

License suspension
License revocation
Monetary fine
Additional training requirements

The correct answer is: License revocation

Accepting business from an unlicensed producer is a serious violation and can result in the revocation of a producer's license. This penalty is intended to deter producers from engaging in unethical practices and to protect consumers from fraud. Options A and D are incorrect because they do not reflect the severity of the violation. License suspension or additional training requirements may be given as a warning or for less serious violations. Option C is also incorrect as it does not address the specific violation of accepting business from an unlicensed producer.