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Pennsylvania State Health and Life Insurance Exam Questions And Answers Rated A+ New Update Assured Satisfaction $7.99   Add to cart

Exam (elaborations)

Pennsylvania State Health and Life Insurance Exam Questions And Answers Rated A+ New Update Assured Satisfaction

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  • Course
  • State Life and Health Insurance
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  • State Life And Health Insurance

Pennsylvania State Health and Life Insurance Exam Questions And Answers Rated A+ New Update Assured Satisfaction

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  • September 10, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • State Life and Health Insurance
  • State Life and Health Insurance
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Hkane
Pennsylvania State Health and Life Insurance Exam
A couple receives a set amount of income from their annuity. When the wife dies the husband
no longer receives annuity payments. What type of annuity did the couple buy? - ANS-Joint Life

A deferred annuity is surrendered by prior to annuitization. Which of the following best describes
the nonforfeiture value of the annuity? - ANS-The surrender value should equal to 100% of the
premium paid, minus any prior withdrawals and surrender charges

A domestic insurer issuing variable contracts must establish one or more - ANS-Separate
Accounts

A group blanket health policy is best suited for which of the following? - ANS-a summer camp

A health Insurance policy lapses but is reinstated within an acceptable time frame. How soon
from the reinstatement date will coverage for accidents become effective? - ANS-Immediately

A licensee serving in the military is unable to fulfill her continuing education requirement. What
would the licensee have to do to renew the license? - ANS-They are exempt as long as they are
on active duty, and for 6 months afterwards

A long-term care shoppers guide must be presented at what point - ANS-Prior to the time of
application

A person applying for a manager or exclusive general agent license must meet all of the
following criteria EXCEPT - ANS-Be responsible for at least 25% of total commissions collected
by the office that he or she manages

A person steps off a streetcar and trips and breaks his ankle. This type of injury can be
described as - ANS-Sudden and Unforeseen

A person who gives money as consideration for a life insurance policy or intrest in the death
benefits of a life insurance policy is called a - ANS-Viatical settlement purchaser

A policy which covers medical costs related to a specific condition is called a - ANS-Dread
Disease Policy

A producer has successfully completed 52 hours of CE. How many CE will go towards this
upcoming reporting period? - ANS-24 hours this reporting period. 24 the period following. 4
hours lost

, A straight Life policy has what type of premium? - ANS-A level annual premium for the life of the
insured

A typical accidental death & dismemberment policy covers all of the following losses except -
ANS-income

According to the entire contract provision, what document must be made part of the insurance
policy? - ANS-Copy of the original application

According to the privacy of consumer financial information regulation, if a consumer decides to
opt out, this means - ANS-The consumer directs the licensee not to disclose the consumers
nonpublic personal financial information to a third party

According to the telemarketing sales rules, what are the permissible calling hours for
telemarketing calls? - ANS-8am until 9pm

All of the following are licensing requirements for a business entity, EXCEPT - ANS-Having all
employees complete continuing education courses once every 2 years

All of the following are true of an annuity owner except - ANS-The owner must be the party to
receive benefits

All of the following are true regarding the medical Information Bureau (MIB) Except - ANS-MIB
reports are based upon information supplied by doctors and hospitals

All of the following are unfair claims settlement practices except - ANS-Suggesting negotiations
in settling the claim

All of the following statements concerning dividends are true except - ANS-dividend amounts
are guaranteed in the policy

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... - ANS-Consideration Clause

An applicant is denied insurance because of information found on a consumer reports... -
ANS-Fair Credit reporting act

An Applicant knowingly fails to communicate information that would help an underwriter make a
sound decision regarding coverage. This is an example of - ANS-Concealment

An insurance advertisement exaggerates the benefits of an insurance policy, due to human error
at the insurers advertising agency. Who will the department of Insurance hold accountable for
the exaggeration? - ANS-The insurer

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