PENNSYLVANIA STATE HEALTH AND
LIFE INSURANCE EXAM QUESTIONS
& UPDATED CORRECT ANSWERS
Plan A - CORRECT ANSWER Which of the following must be present in all medicare
supplement plans?
National Do not call registry - CORRECT ANSWER What was created to keep
telemarketers from calling consumers who do not wish to be contacted?
Indemnity - CORRECT ANSWER Which insurance principle states that if a policy
allows for greater compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost?
Calls based from outside the United States - CORRECT ANSWER Which of the
following would not be considered an expectation to the national do not call list?
A mutual insurer - CORRECT ANSWER Insurance companies may be classified
according to the legal form of their ownership. The type of company organized to return
any surplus money to their policyholders is
Iron - CORRECT ANSWER Which of the following is not a metal level of coverage
offered under the patient protection and affordable care act?
Prior to the time of application - CORRECT ANSWER A long-term care shoppers guide
must be presented at what point
Medicare - CORRECT ANSWER Which of the following programs is made up of 4
parts, where the first part is paid for by FICA, and the second part is financed by
premiums and payroll taxes?
Be responsible for at least 25% of total commissions collected by the office that he or
she manages - CORRECT ANSWER A person applying for a manager or exclusive
general agent license must meet all of the following criteria EXCEPT
Sickness - CORRECT ANSWER Which of the following is an example of a peril
covered in an accident and health insurance policy?
Extended Term - CORRECT ANSWER Which nonforfeiture option has the highest
amount of insurance protection?
, Sudden and Unforeseen - CORRECT ANSWER A person steps off a streetcar and
trips and breaks his ankle. This type of injury can be described as
Separate Accounts - CORRECT ANSWER A domestic insurer issuing variable
contracts must establish one or more
Issuing sales material that are exaggerated - CORRECT ANSWER Which of the
following best describes a misrepresentations?
Making derogatory oral statements about another's financial conditions - CORRECT
ANSWER Which of the following best describes the unfair trade practice of defamation?
Control Specialists costs - CORRECT ANSWER The gatekeeper of an HMO helps
It would not occur in a deferred annuity - CORRECT ANSWER Which of the following
is not true regarding the accumulation period of an annuity
Antibiotics - CORRECT ANSWER Which of the following hospice expenses would not
be covered in a cost-containment setting?
Predicted needs of the family after the insured's death - CORRECT ANSWER Based
on Human Life Value Approach, which of the following is not used to calculate an
individual's value of life?
Ownership - CORRECT ANSWER What is the major difference between a stock
company and mutual company
Bail-out - CORRECT ANSWER Which of the following provisions in annuity contracts
allow the owner to te surrender the annuity if interests rates drop to a specified level.
Monthly - CORRECT ANSWER Under an individual disability policy, the MINIMUM
schedule of time in which claim payments must me made to an insured is
Consideration Clause - CORRECT ANSWER An Applicant for an individual Health
policy failed to complete the application properly. Her stay at the hospital was not
covered by insurance because she has not met the conditions specified in the...
Copy of the original application - CORRECT ANSWER According to the entire contract
provision, what document must be made part of the insurance policy?
90 Days - CORRECT ANSWER Most policies will pay the accident death benefits as
long as the death is caused by the accident and occurs within
Viatical settlement purchaser - CORRECT ANSWER A person who gives money as
consideration for a life insurance policy or intrest in the death benefits of a life insurance
policy is called a
LIFE INSURANCE EXAM QUESTIONS
& UPDATED CORRECT ANSWERS
Plan A - CORRECT ANSWER Which of the following must be present in all medicare
supplement plans?
National Do not call registry - CORRECT ANSWER What was created to keep
telemarketers from calling consumers who do not wish to be contacted?
Indemnity - CORRECT ANSWER Which insurance principle states that if a policy
allows for greater compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost?
Calls based from outside the United States - CORRECT ANSWER Which of the
following would not be considered an expectation to the national do not call list?
A mutual insurer - CORRECT ANSWER Insurance companies may be classified
according to the legal form of their ownership. The type of company organized to return
any surplus money to their policyholders is
Iron - CORRECT ANSWER Which of the following is not a metal level of coverage
offered under the patient protection and affordable care act?
Prior to the time of application - CORRECT ANSWER A long-term care shoppers guide
must be presented at what point
Medicare - CORRECT ANSWER Which of the following programs is made up of 4
parts, where the first part is paid for by FICA, and the second part is financed by
premiums and payroll taxes?
Be responsible for at least 25% of total commissions collected by the office that he or
she manages - CORRECT ANSWER A person applying for a manager or exclusive
general agent license must meet all of the following criteria EXCEPT
Sickness - CORRECT ANSWER Which of the following is an example of a peril
covered in an accident and health insurance policy?
Extended Term - CORRECT ANSWER Which nonforfeiture option has the highest
amount of insurance protection?
, Sudden and Unforeseen - CORRECT ANSWER A person steps off a streetcar and
trips and breaks his ankle. This type of injury can be described as
Separate Accounts - CORRECT ANSWER A domestic insurer issuing variable
contracts must establish one or more
Issuing sales material that are exaggerated - CORRECT ANSWER Which of the
following best describes a misrepresentations?
Making derogatory oral statements about another's financial conditions - CORRECT
ANSWER Which of the following best describes the unfair trade practice of defamation?
Control Specialists costs - CORRECT ANSWER The gatekeeper of an HMO helps
It would not occur in a deferred annuity - CORRECT ANSWER Which of the following
is not true regarding the accumulation period of an annuity
Antibiotics - CORRECT ANSWER Which of the following hospice expenses would not
be covered in a cost-containment setting?
Predicted needs of the family after the insured's death - CORRECT ANSWER Based
on Human Life Value Approach, which of the following is not used to calculate an
individual's value of life?
Ownership - CORRECT ANSWER What is the major difference between a stock
company and mutual company
Bail-out - CORRECT ANSWER Which of the following provisions in annuity contracts
allow the owner to te surrender the annuity if interests rates drop to a specified level.
Monthly - CORRECT ANSWER Under an individual disability policy, the MINIMUM
schedule of time in which claim payments must me made to an insured is
Consideration Clause - CORRECT ANSWER An Applicant for an individual Health
policy failed to complete the application properly. Her stay at the hospital was not
covered by insurance because she has not met the conditions specified in the...
Copy of the original application - CORRECT ANSWER According to the entire contract
provision, what document must be made part of the insurance policy?
90 Days - CORRECT ANSWER Most policies will pay the accident death benefits as
long as the death is caused by the accident and occurs within
Viatical settlement purchaser - CORRECT ANSWER A person who gives money as
consideration for a life insurance policy or intrest in the death benefits of a life insurance
policy is called a
