Arkansas Insurance Adjuster Practice Exam

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Prepare for the Arkansas Insurance Adjuster Exam with flashcards and multiple choice questions, each offering hints and explanations. Equip yourself for your test confidently!

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.

Residual market insurance programs are funded by:

banks
insurers and their policyholders
investment companies
private owners

The correct answer is: insurers and their policyholders

Residual market insurance programs are designed to provide coverage for individuals or entities that are unable to obtain insurance through traditional market channels. These programs are funded by insurers and their policyholders, as they are intended to cover risks that may not be profitable for private insurers to take on. Options A, C, and D are incorrect because banks, investment companies, and private owners are not typically involved in funding these programs.