PA Life, Accident, and Health Exam Prep Questions And Answers
(202472025)
Which nonforfeiture option provides coverage for the longest period of time?
1) accumulated at interest
2) reduced paid up
3) extended term
4) paid-up option - ✔✔reduced paid up
Licensees must make a report of any action taken against them in another jurisdiction or by
another governmental agency in PA within how many days of the final disposition of the matter?
1) 10
2) 30
3) 60
4) 90 - ✔✔30
Which of the following is INCORRECT concerning Medicaid?
1) it is solely a federally administered program
2) it provides medical assistance to low-income people who cannot otherwise provide for
themselves
3) it pays for hospital care, outpatient care, and laboratory and X-ray services
4) the federal government provides about 56 cents for every Medicaid dollar spent - ✔✔it is
solely a federally administered program
Which of the following is a short-term annuity that limits the amounts paid to a certain fixed
period or until a certain fixed amount is liquidated?
a) Annuity certain
, b) Fixed annuity
c) Refund life
d) Variable annuity - ✔✔Annuity certain
A person applying for a manager or exclusive general agent license must meet all of the
following criteria EXCEPT
a) Be found sufficiently fit, competent and reliable by the Department of Insurance.
b) Have paid all applicable fees.
c) Be responsible for at least 25% of total commissions collected by the office that he or she
manages.
d) Have an authority to act on the insurer's behalf. - ✔✔Have paid all applicable fees.
Which of the following would be considered an unfair claims settlement practice?
a) Advising the insured that if the claim goes to arbitration, the insured would probably receive
less than what is currently being offered
b) Requesting the insured to submit a signed proof of loss statement, after the insured has already
verbally advised the insurer of the claim
c) Requesting the insured swear under oath concerning the facts of the claim
d) Delaying the settlement of a claim for 30 days in order for the insured to conduct an
investigation - ✔✔Requesting the insured swear under oath concerning the facts of the claim
According to OBRA, what is the minimum number of employees required to constitute a large
group?
a) 15
b) 20
c) 50
d) 100 - ✔✔100
(202472025)
Which nonforfeiture option provides coverage for the longest period of time?
1) accumulated at interest
2) reduced paid up
3) extended term
4) paid-up option - ✔✔reduced paid up
Licensees must make a report of any action taken against them in another jurisdiction or by
another governmental agency in PA within how many days of the final disposition of the matter?
1) 10
2) 30
3) 60
4) 90 - ✔✔30
Which of the following is INCORRECT concerning Medicaid?
1) it is solely a federally administered program
2) it provides medical assistance to low-income people who cannot otherwise provide for
themselves
3) it pays for hospital care, outpatient care, and laboratory and X-ray services
4) the federal government provides about 56 cents for every Medicaid dollar spent - ✔✔it is
solely a federally administered program
Which of the following is a short-term annuity that limits the amounts paid to a certain fixed
period or until a certain fixed amount is liquidated?
a) Annuity certain
, b) Fixed annuity
c) Refund life
d) Variable annuity - ✔✔Annuity certain
A person applying for a manager or exclusive general agent license must meet all of the
following criteria EXCEPT
a) Be found sufficiently fit, competent and reliable by the Department of Insurance.
b) Have paid all applicable fees.
c) Be responsible for at least 25% of total commissions collected by the office that he or she
manages.
d) Have an authority to act on the insurer's behalf. - ✔✔Have paid all applicable fees.
Which of the following would be considered an unfair claims settlement practice?
a) Advising the insured that if the claim goes to arbitration, the insured would probably receive
less than what is currently being offered
b) Requesting the insured to submit a signed proof of loss statement, after the insured has already
verbally advised the insurer of the claim
c) Requesting the insured swear under oath concerning the facts of the claim
d) Delaying the settlement of a claim for 30 days in order for the insured to conduct an
investigation - ✔✔Requesting the insured swear under oath concerning the facts of the claim
According to OBRA, what is the minimum number of employees required to constitute a large
group?
a) 15
b) 20
c) 50
d) 100 - ✔✔100
