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PA State Insurance Regulations Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025) $12.99   Add to cart

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PA State Insurance Regulations 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 State Insurance Regulations Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass (2024 / 2025)

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  • August 21, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • PA Life Insurance
  • PA Life Insurance
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PA State Insurance Regulations.pdf file:///C:/Users/HP/Desktop/NIW/PA%20State%20Insurance%20Reg




PA State Insurance Regulations



1. pre licensing education requirement

ANS 24 hours

2. minimum age to obtain license

ANS 18 years old

3. Length of temporary producer license

ANS 180 days

4. Producer licenses are issued for a term of

ANS 2 years

5. a lapsed producers license mat be reinstated within year(s) of the

license renewal date

ANS 1 year

6. Producers time to notify the commissioner of change of address, admin actions or

criminal charges

ANS 30 days

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,PA State Insurance Regulations.pdf file:///C:/Users/HP/Desktop/NIW/PA%20State%20Insurance%20Reg




7. Commissioner must give days notice of a hearing

ANS 10 days

8. Maximum producer fine per violation of insurance code

ANS $5,000

9. The commissioner must examine rating organizations at least once every

years

ANS 5 years

10. rates must be filed for days before use

ANS 30 days

11. Life, accident, or health insurance policy forms must be filed and approved by the

commissioner. Once forms have been filed they are considered ap- proved after days

unless the commissioner rejects them

ANS 30 days

12. The commissioner must conduct an examination of every licensed insurer at least once

every years

ANS 5 years

13. A person found guilty of insurance fraud is subject to

ANS $5,000 for the first violation
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