PENNSYLVANIA PROPERTY AND CASUALTY LATEST 2026
EXAM QUESTIONS AND ANSWERS RATED A+
✔✔the pennsylvania proprty and casualty insurance guaranty association is amde up of
all - ✔✔insurers who issue proprty and casualty insurance in pennsylvania.
- every insurer must participate in the pa proprty and casaualty insurance guranty
association asa condition of its authority to write proprty and casualty insurance polies
in pennsylvania
✔✔an insurer who violates Pennsylvania law regarding the midterm cancellation of
policies covering commercial property and casualty risks is subject to - ✔✔cease and
desist order or a 5k fine for each violation
✔✔who enacts and passes insurance laws - ✔✔state legislature, the commissioner is
responsible for enforcing the provisions of the insurance code
✔✔purchase of uninsured and underinsured motorist coverage - ✔✔is optional but must
be included unless the named insured signs a written rejection form
✔✔an indivvidual that acts as a manger or exlusive general agent without a proper
license is subject to a fine of how much for each day of operation - ✔✔1,000.
-
✔✔what is an admitted insurer - ✔✔A company that is authorized by the Commissioner
to transact insurance business in Pennsylvania
✔✔clear and conspicuous notice of a licensees privacy policies must be provided to
customers at least - ✔✔annually
✔✔insurers issuing liability policies covering motor vehicles in pennsylvania must
include medical benfits coverage in the ammount of - ✔✔5,000
✔✔an insurer that terminates an appointment must notify the department within how
many days of the termination - ✔✔30 days- in writing or through electronic process
approved by department within 30 days of the termination
✔✔a person convicted of one count of insurance fraud may be subject to a civil penalty
of up to what amount - ✔✔5,000.
10k for 2nd violation and 15k for each subsequent violation
✔✔programs used by states that create a pool to provide fire and extended coverage
insurance to individuals unable to obtain coverage from private insurers are called -
✔✔FAIR Plans
, - fair access to insurance requirements, federally mandated programs used by
individuals states that create a pool to provide fire and extended coverage insurance to
individuals unable to obtain such coverage through regulars channels
✔✔true of pa property and casualty insurance guranty association - ✔✔the associations
protects policy owners, insureds, and beneficiaries against failure of an insurer due to
insolvency
- the association will pay covered claims in the ammount of up to 10k per policy for a
covered claim ffor the return of unearned premium and up to 300k for all other covered
claims
✔✔written notice of cancellation of a FAIR plan policy must be generally be provided at
least how many days in advance - ✔✔20.
- except for non-payment of premium or where there is evidence of incendiarism., 20
days prior written notice is required for cancellation of a policy written under the FAIR
✔✔once and insurance policy on an owner-occupied dwelling has been in effect for 60
days , written notice must be given at least how many ays in advance of the termination
- ✔✔30 days
- a cancellation or refusal to renew residential proprty is not effective unless written
notice is given to the insured at least 30 days after the date the notice is mailed or
delievered.
✔✔if a commerical proprty policy has been in effect for 60 days - ✔✔it may not be
canclled at midterm unless the insured made a material misrepresentation that affects
the insurability of the risk, the insured has failed to pay the premium, or the insured has
requested a cancellation
✔✔financial responsbility requires the ability of the insured to pay how much for damge
to the proprty of others from any single accident - ✔✔5k
✔✔a binder for temporary fire insurance is good for how many days - ✔✔30 days
✔✔a written agreement in which an insurer authorizes a producer to sell insurance
policies for it is called a - ✔✔appointment
✔✔in pa exceptions for workers compensation coverage - ✔✔classes are domestic
employees, part time employees, or other definded classes
✔✔a standard fire policy issued in pa covers loss of proprty due to all of the following
except - ✔✔damage to proprty that resulted from a defective product
✔✔basic property insurance under the FAIR plan does not cover loss - ✔✔flood.
EXAM QUESTIONS AND ANSWERS RATED A+
✔✔the pennsylvania proprty and casualty insurance guaranty association is amde up of
all - ✔✔insurers who issue proprty and casualty insurance in pennsylvania.
- every insurer must participate in the pa proprty and casaualty insurance guranty
association asa condition of its authority to write proprty and casualty insurance polies
in pennsylvania
✔✔an insurer who violates Pennsylvania law regarding the midterm cancellation of
policies covering commercial property and casualty risks is subject to - ✔✔cease and
desist order or a 5k fine for each violation
✔✔who enacts and passes insurance laws - ✔✔state legislature, the commissioner is
responsible for enforcing the provisions of the insurance code
✔✔purchase of uninsured and underinsured motorist coverage - ✔✔is optional but must
be included unless the named insured signs a written rejection form
✔✔an indivvidual that acts as a manger or exlusive general agent without a proper
license is subject to a fine of how much for each day of operation - ✔✔1,000.
-
✔✔what is an admitted insurer - ✔✔A company that is authorized by the Commissioner
to transact insurance business in Pennsylvania
✔✔clear and conspicuous notice of a licensees privacy policies must be provided to
customers at least - ✔✔annually
✔✔insurers issuing liability policies covering motor vehicles in pennsylvania must
include medical benfits coverage in the ammount of - ✔✔5,000
✔✔an insurer that terminates an appointment must notify the department within how
many days of the termination - ✔✔30 days- in writing or through electronic process
approved by department within 30 days of the termination
✔✔a person convicted of one count of insurance fraud may be subject to a civil penalty
of up to what amount - ✔✔5,000.
10k for 2nd violation and 15k for each subsequent violation
✔✔programs used by states that create a pool to provide fire and extended coverage
insurance to individuals unable to obtain coverage from private insurers are called -
✔✔FAIR Plans
, - fair access to insurance requirements, federally mandated programs used by
individuals states that create a pool to provide fire and extended coverage insurance to
individuals unable to obtain such coverage through regulars channels
✔✔true of pa property and casualty insurance guranty association - ✔✔the associations
protects policy owners, insureds, and beneficiaries against failure of an insurer due to
insolvency
- the association will pay covered claims in the ammount of up to 10k per policy for a
covered claim ffor the return of unearned premium and up to 300k for all other covered
claims
✔✔written notice of cancellation of a FAIR plan policy must be generally be provided at
least how many days in advance - ✔✔20.
- except for non-payment of premium or where there is evidence of incendiarism., 20
days prior written notice is required for cancellation of a policy written under the FAIR
✔✔once and insurance policy on an owner-occupied dwelling has been in effect for 60
days , written notice must be given at least how many ays in advance of the termination
- ✔✔30 days
- a cancellation or refusal to renew residential proprty is not effective unless written
notice is given to the insured at least 30 days after the date the notice is mailed or
delievered.
✔✔if a commerical proprty policy has been in effect for 60 days - ✔✔it may not be
canclled at midterm unless the insured made a material misrepresentation that affects
the insurability of the risk, the insured has failed to pay the premium, or the insured has
requested a cancellation
✔✔financial responsbility requires the ability of the insured to pay how much for damge
to the proprty of others from any single accident - ✔✔5k
✔✔a binder for temporary fire insurance is good for how many days - ✔✔30 days
✔✔a written agreement in which an insurer authorizes a producer to sell insurance
policies for it is called a - ✔✔appointment
✔✔in pa exceptions for workers compensation coverage - ✔✔classes are domestic
employees, part time employees, or other definded classes
✔✔a standard fire policy issued in pa covers loss of proprty due to all of the following
except - ✔✔damage to proprty that resulted from a defective product
✔✔basic property insurance under the FAIR plan does not cover loss - ✔✔flood.
