Arkansas Life and Health Insurance Practice Exam

______ are primarily social organizations that engage in charitable and benevolent activities consisting of members of a given faith, lodge, or order, and are usually organized as non-profits.

1. Fraternal Benefit Societies

2. Health Maintenance Organizations

3. Preferred Provider Organizations

4. Risk Retention Groups

The correct answer is: Fraternal Benefit Societies

Fraternal Benefit Societies are indeed primarily social organizations that engage in charitable and benevolent activities. They consist of members of a given faith, lodge, or order and are typically organized as non-profits. Fraternal Benefit Societies often provide insurance benefits to their members and promote social interaction and community service. The other options are not correct in this context: - Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs) are types of managed care organizations that provide health insurance. - Risk Retention Groups are formed by businesses or organizations to self-insure similar risks.