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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. If an insured policyowner has a catastrophic or life threatening illness, how much money is the policyowner entitled to get from his or her viatical settlement provider?
A) the face value of the life insurance policy
B) one and a half times the face value of the life Insurance policy
C) less than the face value of the life insurance policy
D) one and one eighth times the face value of the life insurance policy
2. A producer's fiduciary responsibility includes which of the following activities?
A) Property remunerating persons who furnish leads on prospects.
B) Guaranteeing payment to insureds for losses covered by policies that the producer sold.
C) Providing needed insurance to prospective insureds through any sources that are available.
D) Recording the receipt and remitting of premiums due to an Insurer.
3. Which rider includes coverage for the insured's spouse and children?
A) Family
B) Guaranteed insurability
C) Jumping juvenile
D) Payor benefit
4. Which one of the following types of benefits is often excluded from coverage under an HMO plan?
A) in-patient surgeries
B) emergency services
C) adult routine eye examinations
D) physical examinations
5. Which of the following is a contract that is usually sold by a terminally ill person to an entity that receives death benefits from the policy at the insured's death?
A) Pure
B) Legal
C) Physical
D) Soeculative
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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