Arkansas Insurance Adjuster Practice Exam

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Ace your Arkansas Insurance Adjuster Exam. Featuring multiple-choice questions, flashcards, and detailed explanations. Ensure your success!

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Residual market insurance programs are funded by:

  1. banks

  2. insurers and their policyholders

  3. investment companies

  4. 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.

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