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Pennsylvania Life Insurance - PA Laws & Rules Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025) $12.99   Add to cart

Exam (elaborations)

Pennsylvania Life Insurance - PA Laws & Rules Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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Pennsylvania Life Insurance - PA Laws & Rules Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • August 21, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • pennsylvania
  • pa laws rules
  • PA Life Insurance
  • PA Life Insurance
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Pennsylvania Life Insurance - PA Laws & Rules.pdf file:///C:/Users/HP/Desktop/NIW/Pennsylvania%20Life%20Insuran




Pennsylvania Life Insurance - PA Laws/Rules



1. Which event must a producer report to the Commissioner?

Conducting business under an assumed name

Earning new insurance designations

Sharing commissions with another licensed producer

Involvement in an automobile accident

ANS Conducting business under an assumed name

2. If a producer misleads or fails to adequately disclose the title and true nature of a policy

offered to a potential insured, it may be considered

Defamation

Unfair discrimination

Misrepresentation Rebating

ANS Misrepresentation

3. Under the Fair Credit Reporting Act, which statement is true?

The consumer who was investigated must be advised that credit, insurance, or

employment was denied because of an unfavorable report.
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Disclosure of the name of the reporting agency is prohibited.

The consumer must initiate legal action to remove unfavorable information from the

report.

A reporting agency must furnish an investigative report to any person who requests the

information.

ANS The consumer who was investigated must be advised that credit, insurance, or employment

was denied because of an unfavorable report.

4. Who reports a producer's termination of appointment to the Commisioner? The

producer

The insurer

The Insurance Department The

State

ANS The insurer

5. An insurer operating in the U.S. but headquartered outside the U.S. is a foreign

insurer

an alien insurer unauthorized

authorized

ANS an alien insurer
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6. An insurance company writing business in a state other than the one in which it is

domiciled is called

A foreign

A domestic

An Alien

A Illegal

ANS Foreign

7. In which situation could the producer of an insurer be personally liable? When the

producer acts with an insurer's oral but unwritten authority




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