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PA life, Accident, And Health Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025) CA$18.75   Add to cart

Exam (elaborations)

PA life, Accident, And Health Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • PA Life Insurance
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  • PA Life Insurance

PA life, Accident, And Health Practice Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • August 21, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • PA Life Insurance
  • PA Life Insurance
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PA life, accident, and health practice questions.pdf file:///C:/Users/HP/Desktop/NIW/PA%20life,%20accident,%20and%2




PA Life, Accident, And Health Practice Questions &

Answers


1. Premium payments for a universal life policy are NOT used for

ANS Separateaccount investments




2. Under PA statute, first year commission for long-term care insurance maynot be

greater than

ANS 50% of the first year premium




3. 10-year level term life InsPol that has a death benefit of $2000,000. It is truethat

ANS The face amount and premium will remain constant over the 10 year period




4. Insurance premium is determined by each of the following factors except

Mortality, Interest, Expenses, liquidity)

ANS Liquidity

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,PA life, accident, and health practice questions.pdf file:///C:/Users/HP/Desktop/NIW/PA%20life,%20accident,%20and%2




5. is a factor that would be considered by an insurer when determin-ing

whether to accept a group life plan

ANS Average age




6. In PA, no legal action may be taken against an insurer for failure to honor a valid claim

after the expiration of years from the time proof of loss

is furnished

ANS Three years (There is a waiting period of 60 days to file a lawsuitafter a claim for loss has

been filed by the insured. No lawsuit may be filed after 3 years have passed from when the

claim was submitted)




7. A medical provider that accepts Medicare assignment must

ANS accept paymentbased upon a defined Medicare schedule as payment in full




8. If nonforfeiture option is exercised by using ones life policy's cash valueto purchase

an extended term insurance option, when the term insurance expires

ANS the protection ends
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