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!

Start Multiple Choice Practice Test
Start Flash Cards

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.

Which provision is an Optional Uniform Provision?

  1. Grace Period

  2. Incontestability

  3. Misstatement of Age

  4. Relation of Earnings to Insurance

The correct answer is: Grace Period

The Grace Period provision is considered an Optional Uniform Provision because it gives policyholders additional time to pay their premiums after the due date without the risk of policy lapse. This provision is not required by law but is commonly included in insurance policies to provide some leniency to the insured in case of financial difficulties. In contrast, the Misstatement of Age provision, Incontestability provision, and Relation of Earnings to Insurance provision are mandatory provisions that must be included in all policies to protect the interests of the insured and regulate the insurance industry.

More Questions Like This