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

Question: 1 / 400

At the time of policy delivery, if the producer has been informed of a change in the insured's health status and the premium has not been collected, what should the producer do?

Issue the policy regardless

Return the policy to the insurer for further underwriting

The correct action in this situation would be for the producer to return the policy to the insurer for further underwriting. This is because if the insured's health status has changed, it could affect the terms and coverage of the policy. By returning the policy to the insurer, they can reassess and determine if any changes need to be made to the policy and the premium before it is issued. Issuing the policy without collecting the premium or notifying the insured to seek a new policy would be incorrect, as it could lead to complications and potential financial losses in the future. It is important for the producer to follow proper protocol and procedures to ensure the policy is accurate and beneficial for all parties involved.

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Collect the premium first

Notify the insured to seek a new policy

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