Insurance Licensing PA-Life-Accident-and-Health Questions & Answers - in .pdf
- Vendor: Insurance Licensing
- Exam Code: PA-Life-Accident-and-Health
- Exam Name: Pennsylvania Life, Accident and Health Exam
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- Exam Code: PA-Life-Accident-and-Health
- Exam Name: Pennsylvania Life, Accident and Health Exam
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Insurance Licensing PA-Life-Accident-and-Health Exam Overview:
| Certification Vendor: | Pennsylvania Insurance Department (exam administered by PSI Services LLC) |
| Exam Name: | Pennsylvania Insurance Producer Examination: Life, Accident & Health |
| Exam Number: | PA-Life-Accident-and-Health |
| Passing Score: | 70% (scaled score) |
| Exam Format: | Multiple Choice |
| Exam Duration: | 150 minutes |
| Certificate Validity Period: | 2 years |
| Available Languages: | English |
| Real Exam Qty: | 150 |
| Exam Price: | $49–$55 USD (varies by testing provider fees) |
| Related Certifications: | Pennsylvania Life Insurance Producer License Pennsylvania Health Insurance Producer License Pennsylvania Accident & Health Insurance Producer License |
| Recommended Training: | Kaplan Financial Education - Insurance Licensing Prep ExamFX Insurance Prelicensing Courses |
| Exam Registration: | Pennsylvania Insurance Department Licensing PSI Exams - Pennsylvania Insurance Licensing |
| Sample Questions: | Insurance Licensing PA-Life-Accident-and-Health Sample Questions |
| Exam Way: | Computer-based exam delivered at PSI testing centers (and/or PSI-proctored options depending on availability) |
| Pre Condition: | Completion of Pennsylvania-approved pre-licensing education (typically 24 hours for Life & Health combined) may be required prior to exam eligibility. |
| Official Syllabus URL: | https://www.insurance.pa.gov/ |
Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Life Insurance | - Beneficiaries and settlements - Policy provisions, riders, and options - Life insurance policies and types |
| Topic 2: General Insurance Concepts | - Insurance principles and risk management - Policy structure and contract basics |
| Topic 3: Accident and Health Insurance | - Long-term care insurance basics - Disability and medical expense coverage - Health insurance concepts and plans |
| Topic 4: Pennsylvania Insurance Regulations & Ethics | - Ethical standards and fiduciary duties - Unfair trade practices and compliance - State licensing laws and regulations |
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. (EXCEPT for fraud, what is the time limit after issue for an insurer to deny an individual health insurance claim based on material misrepresentation in the application for the insurance?
A) 5 years
B) 1 year
C) 180 days
D) 3 years
2. The MAJOR factor in determining the benefit amount paid under a disability income policy Is
A) age.
B) wages.
C) gender.
D) occupation.
3. According to Pennsylvania insurance laws, what action can the insurance company take if the insured unintentionally understated his or her age on the original application?
A) The policy can be terminated for misrepresentation.
B) No punitive actions can be taken because the error was unintentional.
C) All amounts payable can be reduced to what they would be if the insured had reported the correct age.
D) Current claims must be paid under the incorrect age, but future claims can be paid under the correct age.
4. With a deferred annuity, how soon can the benefit payments begin?
A) Within 12 months of date of purchase
B) At least 6 months after date of purchase
C) At least 12 months after date of purchase
D) Within 6 months of date of purchase
5. To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within
A) 60 days.
B) 90 days.
C) 0 days.
D) 45 days.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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