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Insurance Licensing Pennsylvania Life, Accident and Health - PA-Life-Accident-and-Health Exam Questions

QUESTION NO: 1
When an insurer has the right to terminate a health insurance policy for specific reasons other than the insured's health, the plan is described as

A. guaranteed renewable. B. condition dependent. C. flexibly renewable. D. conditionally renewable.

Correct Answer: D

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QUESTION NO: 2
Which of the following factors is NOT used to determine if an injury qualifies for Workers' Compensation coverage?

A. Severity of injury. B. Place of occurrence. C. Time of occurrence. D. Circumstances of injury.

Correct Answer: A

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QUESTION NO: 3
Medicare Part B pays what percent of approved charges for physician and surgeon services?

A. 95 B. 80 C. 50 D. 65

Correct Answer: B

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QUESTION NO: 4
The types of life insurance generally used to cover key employee indemnification are

A. limited-pay, adjustable, and group life insurance. B. decreasing term life insurance. C. universal, term, and whole life Insurance. D. joint, permanent and credit life insurance.

Correct Answer: C

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QUESTION NO: 5
All of the following factors are used in determining premiums EXCEPT

A. liquidity. B. mortality. C. interest D. expense.

Correct Answer: A

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QUESTION NO: 6
In Pennsylvania, when issuing a Medicare Supplement Policy, which form must be delivered to the applicant?

A. Statement of Good Health B. Policy Summary C. Outline of Coverage D. Company Brochure

Correct Answer: C

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QUESTION NO: 7
Under traditional fixed annuity contracts, the party who assumes the investment risk is the

A. insurer. B. beneficiary. C. annuitant. D. contract owner

Correct Answer: A

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QUESTION NO: 8
An Insurance producer may NOT withdraw funds from a premium trust account to

A. pay claims to an insured. B. pay premium to insurers. C. return deposits to insureds. D. return premiums to an insured.

Correct Answer: A

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QUESTION NO: 9
The premium mode defines the

A. premium limit. I B. frequency of the premium payment. C. premium amount D. method of premium payment (cash or credit).

Correct Answer: B

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QUESTION NO: 10
Pennsylvania law requires all persons holding a resident producer license to notify the Insurance Department of a telephone number change within how many days?

A. 60 B. 45 C. 30 D. 15

Correct Answer: C

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QUESTION NO: 11
All of the following statements apply to the child coverage in a family policy EXCEPT

A. child coverage is term insurance. B. children are covered until reaching a specified age. C. coverage applies only to children born before the policy is issued. D. child coverage is convertible to whole life coverage.

Correct Answer: C

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QUESTION NO: 12
Which of the following is a branch of dentistry dealing with diseases of the supporting structures of the teeth?

A. Orthodontics B. Periodontics C. Prosthodontics D. Endodontics

Correct Answer: B

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QUESTION NO: 13
An insured has a stop-loss limit of $10,000, a deductible of $500, and an 80%'20% coinsurance. The insured incurs $50,000 of covered losses in an accident. How much I will the insured have to pay?

A. $10,400 B. $10,000 C. $10,600 D. $500

Correct Answer: B

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QUESTION NO: 14
In Pennsylvania taw, personally identifiable financial information includes all of the following information EXCEPT

A. Information a consumer provides to a licensee in an Insurance application. B. account balance Information and payment history. C. information such as blind data that does not include names and addresses. D. information from a consumer report.

Correct Answer: C

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