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

Question: 1 / 400

______ 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.

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.

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Health Maintenance Organizations

Preferred Provider Organizations

Risk Retention Groups

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