PENNSYLVANIA LIFE, ACCIDENT AND HEALTH
INSURANCE STATE EXAM 2024-2025 WITH 100
QUESTIONS AND CORRECT ANSWERS /
PENNSYLVANIA HEALTH AND LIFE
INSURANCE STATE EXAM REVIEW(NEW!!)
Which of the following is an example of a peril covered in an accident and health insurance policy? - ANSWER-Sickness
An Applicant for an individual Health policy failed to complete the application properly. Her stay at the hospital was not covered by insurance because she has not met the conditions specified in the... - ANSWER-Consideration Clause
A person applying for a manager or exclusive general agent license must meet all of the following criteria EXCEPT - ANSWER-Be responsible for at least 25% of total commissions collected by the office that he or she manages
Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? - ANSWER-Indemnity
Which of the following would not be considered an expectation to the national do not call list? - ANSWER-Calls based from outside the United States
Insurance companies may be classified according to the legal form of their ownership. The type of company organized to return any surplus money to their policyholders is - ANSWER-A mutual insurer
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Under a 20-pay whole life policy, in order for the policy to pay the death benefit to the beneficiary, the premiums must be paid - ANSWER-For 20 years or until death, whichever occurs first.
Your client plans to retire at age 50. He would like to purchase an annuity that would provide income from the tie he retires to the age when social securities and other pension funds become available. - ANSWER-Annuity Certain
Which of the following must be present in all medicare supplement plans? - ANSWER-Plan A
What was created to keep telemarketers from calling consumers who do not wish to be contacted? - ANSWER-National Do not call registry
Which of the following is not a metal level of coverage offered under the patient protection and affordable care act? - ANSWER-Iron
A long-term care shoppers guide must be presented at what point - ANSWER- Prior to the time of application
Which of the following programs is made up of 4 parts, where the first part is paid for by FICA, and the second part is financed by premiums and payroll taxes? - ANSWER-Medicare
Which nonforfeiture option has the highest amount of insurance protection? - ANSWER-Extended Term
A person steps off a streetcar and trips and breaks his ankle. This type of injury can be described as - ANSWER-Sudden and Unforeseen 2 / 3
A domestic insurer issuing variable contracts must establish one or more - ANSWER-Separate Accounts
Which of the following best describes a misrepresentations? - ANSWER-Issuing sales material that are exaggerated
Which of the following best describes the unfair trade practice of defamation? - ANSWER-Making derogatory oral statements about another's financial conditions
The gatekeeper of an HMO helps - ANSWER-Control Specialists costs
Which of the following is not true regarding the accumulation period of an annuity
- ANSWER-It would not occur in a deferred annuity
Which of the following hospice expenses would not be covered in a cost- containment setting? - ANSWER-Antibiotics
Based on Human Life Value Approach, which of the following is not used to calculate an individual's value of life? - ANSWER-Predicted needs of the family after the insured's death
What is the major difference between a stock company and mutual company - ANSWER- Ownership
Which of the following provisions in annuity contracts allow the owner to te surrender the annuity if interests rates drop to a specified level. - ANSWER-Bail- out
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