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.

What kind of insurance does Michelle have, covering decreased demand and market price drop for her beets?

Yield Guarantee
Crop-Revenue
Multi-Peril Crop Insurance
Crop-Yield

The correct answer is: Crop-Revenue

Crop-Revenue Insurance is a type of insurance that provides coverage for decreased demand and market price drop for crops. This type of insurance protects farmers like Michelle from financial loss due to unexpected factors that may decrease their income from the sale of their beets. Options A, C, and D are incorrect because yield guarantee, multi-peril crop insurance, and crop-yield insurance only cover specific risks related to crop yield, such as weather damage or pest infestations. These options do not provide coverage for decreased demand or market price drops.