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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:

SectionObjectives
Pennsylvania Insurance Regulations & Ethics- Ethical standards and fiduciary duties
- Unfair trade practices and compliance
- State licensing laws and regulations
Accident and Health Insurance- Long-term care insurance basics
- Health insurance concepts and plans
- Disability and medical expense coverage
Life Insurance- Policy provisions, riders, and options
- Beneficiaries and settlements
- Life insurance policies and types
General Insurance Concepts- Policy structure and contract basics
- Insurance principles and risk management

Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

1. An annuitant dies during the accumulation period. What happens to the cash in the annuity?

A) it is paid into the estate
B) it is paid to the IRS
C) it is paid to the beneficiary
D) the company keeps it


2. In Pennsylvania, the insurer is liable for a claim under a health insurance policy if the insured is injured while

A) intoxicated.
B) engaged in an illegal occupation.
C) under the influence of prescribed medication.
D) committing an illegal act


3. The insurance commissioner may issue a temporary license if the insurance commissioner deems, that the temporary license is necessary for the servicing of an - insurance business in which one of the following cases?

A) When a producer dies, a temporary license may be issued to those persons represented by the deceased as well as to inactive or limited business partners.
B) A temporary license may be issued to a person who failed the written insurance examination so long as the written examination is passed within 1 year.
C) A temporary license is automatically issued to the executor of a deceased licensed insurance producer
D) A temporary license may be issued to the surviving spouse of the licensed producer to allow adequate time for the sale of the business.


4. The type of annuity in which all payments cease upon the death of an annuitant is referred to as a

A) life annuity.
B) variable annuity.
C) terminal annuity.
D) equity annuity.


5. If an insured policyowner has a catastrophic or life threatening illness, how much money is the policyowner entitled to get from his or her viatical settlement provider?

A) one and one eighth times the face value of the life insurance policy
B) one and a half times the face value of the life Insurance policy
C) the face value of the life insurance policy
D) less than the face value of the life insurance policy


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: D

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