Arkansas Life and Health Insurance Practice Exam

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The Commissioner of insurance has all of the following duties and powers, EXCEPT:

  1. Update the insurance code (law) as needed

  2. Issue insurance licenses

  3. Conduct investigations

  4. Approve insurance policies

The correct answer is: Update the insurance code (law) as needed

The Commissioner of insurance is responsible for various duties and powers such as issuing insurance licenses, conducting investigations, and approving insurance policies. These tasks are mentioned in choices B, C, and D, respectively. However, updating the insurance code (law) is the responsibility of the legislature and not the Commissioner of insurance. This task is not included in the duties and powers of the Commissioner.

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