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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. Which is NOT provided by a fixed annuity?
A) Tax-deferred growth.
B) A guaranteed minimum rate of return.
C) Flexible premiums.
D) Protection against inflation.
2. The levels of coverage defined in the Affordable Care Act are
A) Bronze, Silver. Gold, and Platinum.
B) Individual, Parent-Child, Spousal, and Family.
C) Child Only, Limited Benefit Plan, Catastrophic, and Major Medical
D) HMO, EPO, POS, and PPO.
3. Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?
A) Dual capacity.
B) Survivorship.
C) Joint.
D) Spousal.
4. What is the approach to assessing the consumer's need for life insurance that focuses on an individuals future stream of income?
A) Human Life Value approach
B) Return of Investment approach
C) Needs approach
D) Affordability approach
5. The insurance commissioner may issue a temporary license if the insurance commissioner deems, that the temporary license is necessary for the servicing of an - insurance business in which one of the following cases?
A) A temporary license may be issued to a person who failed the written insurance examination so long as the written examination is passed within 1 year.
B) When a producer dies, a temporary license may be issued to those persons represented by the deceased as well as to inactive or limited business partners.
C) A temporary license may be issued to the surviving spouse of the licensed producer to allow adequate time for the sale of the business.
D) A temporary license is automatically issued to the executor of a deceased licensed insurance producer
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
By Bertram
