Arkansas Life and Health Insurance Practice Exam 2025 - Free Life and Health Insurance Practice Questions and Study Guide

An applicant's signature on an insurance application indicates that their statements are true. By signing the application, the applicant is verifying the accuracy of the information provided in the application. This helps ensure that the insurer is receiving correct and honest information from the applicant. The other options are not the primary purpose of the signature on the application: reading the policy, being aware of the premium amount, and agreeing with the insurer's policies are important, but the act of signing primarily signifies the truthfulness of the applicant's statements on the application form.