  We study interaction and radial polarization effects on the the absorption
spectrum of neutral bound magnetoexcitons confined in quantum-ring structures.
We show that the size and orientation of the exciton's dipole moment, as well
as the interaction screening, play important roles in the Aharonov-Bohm
oscillations. In particular, the excitonic absorption peaks display A-B
oscillations both in position and amplitude for weak electron-hole interaction
and large radial polarization. The presence of impurity scattering induces
anticrossings in the exciton spectrum, leading to a modulation in the
absorption strength. These properties could be used in experimental
investigations of the effect in semiconductor quantum-ring structures.
