Arkansas Life and Health Insurance Practice Exam 2025 – Complete Study Guide

Question: 1 / 400

What is the maximum fine that may be applied to any person who violates a provision of the Arkansas Insurance Code?

$1,000 per violation

The maximum fine that may be applied to any person who violates a provision of the Arkansas Insurance Code is $1,000 per violation. This amount is set by the Arkansas Insurance Code as the penalty for non-compliance. It is essential for insurance professionals to adhere to the rules and regulations outlined in the Insurance Code to avoid such fines and maintain ethical practices in the industry.

In comparison:

- Option B, $500 per violation, is lower than the correct answer.

- Option C, $5,000 per violation, is higher than the correct answer.

- Option D, $2,000 per violation, is higher than the correct answer as well.

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$500 per violation

$5,000 per violation

$2,000 per violation

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