Pa life exam Study guides, Class notes & Summaries
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PA LIFE INSURANCE EXAM with Questions and Correct Answers
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Karen is a producer who has obtained personal information about a client without having a 
legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for 
this? - ANSWER $10,000 or up to one year in jail 
A type of insurer that is owned by its policyowners is called - ANSWER Mutual insurer 
What is considered to be the primary reason for buying life insurance? - ANSWER Provide death 
benefits
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PA Life Insurance Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
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PA Life Insurance Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
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PA Life Accident & Health - WebCE practice exam questions 2024/2025 passed
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PA Life Accident & Health - WebCE practice exam questionsAlex sold an insurance policy before his license lapsed and earned a commission on the sale. Is he entitled to a commission if the policy is renewed? - correct answer yes, because he was licensed when the policy was sold 
 
Under the Old Age, Survivors, and Disability Insurance (OASDI) Program, eligible workers and their families may be entitled to receive all of the following EXCEPT: - correct answer Medical care benefits 
 
A claimant on...
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PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS
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PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS
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PA Life practice exam from PSI (1)/Answered/A+ rated
- Exam (elaborations) • 16 pages • 2023
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PA Life practice exam from PSI (1)/Answered/A+ rated 
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 and Exchange Commission 
2. 
Fair Credit Reporting Act 
All of the following are features of the spendthrift clause EXCEPT 
1. 
proceeds are paid in some other way than a single lump sum. 
2. 
proceeds are protected by the insur...
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PA Life Insurance License Exam Questions and Answers 2024 Graded A
- Exam (elaborations) • 12 pages • 2024
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an immediate annuity has been purchased with a single premium. when does the annuitant typically begin receiving benefit payments? - ANS 1 month 
 
An insurer will accept a premium from the insured and continue the coverage in full force as though it was NOT late during which time period? 
 
Incontestable period 
 
Probation period 
 
Reinstatement period 
 
Grace period - ANS Grace period 
The grace period is the amount of time an insurer continues coverage in full force and will accept the p...
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PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS
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PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS
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MPOETC EXAM #17 questions with correct answers rated A+ 2023
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MPOETC EXAM #17disguised weapons 
to modify the appearance of a weapon in order to conceal the identity of the weapon, or to hide the weapon so it will not be seen or noticed 
 
-Illegal weapons carriers are frequently involved in drug activity 
-Weapons can be concealed or disguised on the person or in vehicle 
 
 
 
Specific and Articulable Movements 
RAISING SHOULDER-upward movement to pull/hide weapon from waistband 
 
SHOULDER DIP-bending over to pull/hide weapon from under seat 
 
 
 
Beha...
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PA Life practice exam from PSI (1)/Answered/A+ rated
- Exam (elaborations) • 16 pages • 2023
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PA Life practice exam from PSI (1)/Answered/A+ rated 
PA Life practice exam from PSI 
(1)/Answered/A+ rated 
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 and Exchange Commission 
2. 
Fair Credit Reporting Act 
All of the following are features of the spendthrift clause EXCEPT 
1. 
proceeds are paid in some other way than a s...
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PA Life Insurance License Exam Questions and Answers 100% correct
- Exam (elaborations) • 8 pages • 2024
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PA Life Insurance License Exam
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