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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Pennsylvania Insurance Regulations & Ethics | - Unfair trade practices and compliance - State licensing laws and regulations - Ethical standards and fiduciary duties |
| General Insurance Concepts | - Insurance principles and risk management - Policy structure and contract basics |
| Life Insurance | - Beneficiaries and settlements - Policy provisions, riders, and options - Life insurance policies and types |
| Accident and Health Insurance | - Long-term care insurance basics - Health insurance concepts and plans - Disability and medical expense coverage |
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
Question 1
Backdating on a life insurance policy is the practice of
A. excluding medical coverage for preexisting medical conditions.
B. making the policy effective on an earlier date than the present.
C. accepting the premium after the expiration of the grace period.
D. reinstating a lapsed policy.
Question 2
Which General Policy Provision allows an insurer to adjust policy benefits and/or premium rates if the insured has changed to a more hazardous occupation?
A. policy assignment provision
B. modified assignment provision
C. change of occupation provision
D. modified occupation provision
Question 3
Which one of the following type of calls is NOT exempt from the Do-Not-Call Registry?
A. calls from charities.
B. calls on behalf of political organizations.
C. telephone surveys.
D. insurance sales calls.
Question 4
The accumulated cash value of a whole life insurance policy becomes the
A. policy loan value upon which the policyowner may borrow.
B. funds used to offset policy administration and conversion expenses
C. amount used to purchase paid up additions to the insured's policy.
D. face amount payable upon the insured's death.
Question 5
All of the following statements about aleatory contracts are true EXCEPT
A. there are cases where the insurer pays nothing.
B. if a loss occurs, the insured's premium is small in relation to the amount the insurer pays.
C. the insured and insurer contribute equally to they contract.
D. they may be interpreted as a form of gambling.
Solutions:
| Question 1 Answer: B | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: C |


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