Arkansas Insurance Adjuster Practice Exam

Which of the following statements about Crop-Hail insurance is FALSE?

1. It covers damage due to hail, but also fire, lightning, wind, and others.

2. It is generally available from private insurers.

3. It is subsidized by the FCIC.

4. It is rated on an acreage basis.

The correct answer is: It is subsidized by the FCIC.

Crop-Hail insurance is a type of insurance that covers damage to crops from various events such as hail, fire, lightning, wind, and others. It is generally available from private insurers, and is typically rated based on the amount of acreage covered. However, one statement that is false is that it is subsidized by the FCIC. Crop-Hail insurance is not subsidized by the FCIC, as this organization only provides subsidies for other types of crop insurance. Therefore, option C is incorrect.