PA Life, Accident, & Health Insurance Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

Pennsylvania Life Insurance – Provisions Questions and Answers Already Passed Which of these is NOT a typical life insurance nonforfeiture option? Reduced paid-up option Extended term option Cash surrender option Life income settlement option Life Income Settlement Option A life insu...

Pennsylvania Laws and Regulations Applicable to All Lines of Insurance Questions and Answers 100% Pass Licensing Process: Pre-Licensing Education Requirements Pre-licensing education requirements: - 24 credit hours - 3 of the 24 hours must be in ethics Licensing Process: License Exam an...

PA Life and Health Questions and Answers Already Passed Damon purchased a 10-pay life policy at age 35. He can expect it to be paid up by age 45 With respect to life policies, all of the following are subject to federal income tax EXCEPT policy proceeds paid in lump sum Which of the follo...

Insurance Exam Questions and Answers Already Passed An insurer's ability to make unpredictable payouts to policyowners is called Liquidity A type of insurer that is owned by its policyowners is called Mutual Which of these are considered to be events or conditions that increase the chan...

Pennsylvania Laws and Rules Chapter 12 Questions and Answers Already Passed What is the purpose of the Pennsylvania Life and Health Insurance Guaranty Association? 1) Assist an applicant choose the best insurer 2) Assist an applicant choose the right amount of coverage 3) Provide each poli...

PA Laws & Rules Questions and Answers Already Passed In Pennsylvania, accident and health plans are required to provide mammograms for women starting at age 40 What is the purpose of the Pennsylvania Lie and Health Insurance Guaranty Association? Provide policyowner protection if an insurer...

Life and Health PA Supplement Questions and Answers Rated A+ How long is the prelicensing education requirement? 24 hours How old do you have to be to obtain a producer's license? 18 years old How long does a temporary license last? 180 days How long is a producer's license term? 2 ye...

PA Insurance License Prep Questions and Answers Already Passed Every PA insurer, upon receiving notification of a claim, must acknowledge receipt of the notice within: a. 10 days b. 15 days c. 30 days d. 45 days a. 10 days The Free Look period in PA for individual health insurance polici...

PA LIFE INSURANCE LATEST VERSION GRADED A+ Insurance created as a practical means to reduce the financial impact of an unexpected loss. life insurance transfers to a life insurance company the risk of financial loss resulting from the death of an insured person. The life insurance company ...

PA Life Insurance Latest 2024 Graded A+ Insurance Policy A contract between an insured and an insurance company which agrees to pay the insured for loss caused by specific events Insurer (Principal) The company who issues a policy of insurance Insured The person covered by the policy of in...

PA Life Insurance Exam – Latest 2024 Graded A+ Risk Uncertainty or chance of loss. When you buy or purchase insurance, you transfer the risk of Financial Liability to the Insurer (Risk Transferred). Self Insured You are considered to be Self-Insured if you do not purchase insurance. R...

Xcel Solutions Pennsylvania Insurance Test Questions and Answers Already Passed A nonparticipating company is sometimes called a Stock Insurer The Do Not Call Registry offers exemptions for calls placed from all the following EXCEPT Insurance Sales Calls Ken is a producer who has obtai...

Pennsylvania Life Only Questions and Answers Graded A+ Which of the following is a requirement for any change in an insurance application? Change must be initialed by the applicant. Agreements made by terminally ill persons to sell their life insurance policies at a discount in order to p...

PA Life practice exam from PSI (1) Latest Update with Verified Solutions Obtaining consumer information reports under false pretenses is prosecutable by which of the following? 1. USA Patriot Act 2. Fair Credit Reporting Act 3. State laws where the applicant resides 4. Securities an...