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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Annuities | 10-15% | - Taxation of annuities - Fixed and variable annuities - Annuitization options - Indexed annuities |
| Pennsylvania Insurance Laws and Regulations | 15-20% | - Policy forms and approval - Consumer protection rules - State licensing requirements - Unfair trade practices - Continuing education requirements |
| Ethics and Professional Conduct | 10-15% | - Suitability standards - Disclosure requirements - Fiduciary duties - Privacy and confidentiality |
| Life Insurance | 30-35% | - Beneficiary designations - Policy loans and cash values - Group life insurance - Types of life insurance policies
- Settlement options |
| General Insurance Concepts | 10-15% | - Insurable interest - Insurance contract law - Risk and insurance principles - Agent authority and responsibilities |
| Accident and Health Insurance | 30-35% | - Policy provisions and exclusions - Accident insurance - Disability income insurance - Major medical policies - Group health insurance - Health insurance basics - Medical expense plans |
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. 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) A temporary license is automatically issued to the executor of a deceased licensed insurance producer
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 may be issued to the surviving spouse of the licensed producer to allow adequate time for the sale of the business.
D) 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.
2. Which of the following policies generally does NOT have a cash value?
A) variable life
B) term
C) straight life
D) endowment
3. Which policy provision protects the insurer against possible adverse selection?
A) Reinstatement.
B) Suicide clause.
C) Nonforfeiture.
D) Entire contract.
4. An insured under a disability income policy is receiving monthly benefit checks after losing both legs in an automobile accident. Although the insured could be assigned desk duties, the condition that automatically qualifies this insured for total disability classification is
A) recurrent.
B) partial.
C) presumptive.
D) residual.
5. 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) $10,600
C) $10,000
D) $500
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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