Arkansas Life and Health Insurance Practice Exam 2026 – Complete Study Guide

Question: 1 / 400

The Mode of Premium provision addresses:

The frequency of premium payments

The location where premium payments are made

The method of premium calculation

To whom the premiums are payable to

The Mode of Premium provision refers to the way in which premiums are paid, such as monthly, quarterly, or annually. Therefore, it does not address the frequency of premium payments (A) or the location where payments are made (B). It also does not pertain to the method of premium calculation (C). The correct answer is D because it specifically relates to who receives the payments, such as the insurance company or a designated beneficiary.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy