iOS 15 iPhone 12 Pro - Location Services hollow arrow indicator always on in Status Bar

After installing iOS 15 on my iPhone 12 Pro, the Location Services hollow arrow is always present on Status Bar, top left of screen. I understand that 'A hollown arrow indicates that an item may recieve your location under certain conditions.' If this is the reason for it always being present on the Status Bar, isn't this assumed if you use Location Services?

I have checked my Location Services settings and only have it on all the time for 'Find My iPhone' and 'Emergency Calls and SOS'. I understand that is will appear from time to time for 'Find My iPhone' as a solid arrow, but the hollow arrow is persistently showing. I don't see the point of having this indicator on all the time as I know I use Location Services. And I don't want to turn the 'Status Bar Icon' off because I like to know when Location Services is being used for other apps where I have chosen to use 'While Using the App'.