Arkansas Life and Health Insurance Practice Exam

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

Study for the Arkansas Life and Health Insurance Exam with our comprehensive resources. Utilize multiple-choice questions and flashcards to increase your knowledge and understanding. Get ready to pass your exam and jumpstart your career in the insurance industry!

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.

All of the following are parties to a life insurance contract, except:

  1. The applicant

  2. The beneficiary

  3. The insured

  4. The insurance company

The correct answer is: The applicant

In a life insurance contract, the parties involved are typically the policyholder (who is also often the applicant), the insurer (insurance company), and the insured (the person whose life is being insured). The beneficiary is not considered a party to the contract but rather the recipient of the policy benefits upon the death of the insured. Therefore, the correct answer is A, the applicant, as they are typically also the policyholder and are actively involved in applying for the insurance policy.

More Questions Like This