2025 PENNSYLVANIA STATE HEALTH AND LIFE INSURANCE END
OF COURSE QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
It is used to lower premiums - An insurer invests the money it receives from premiums
paid by the insureds. Which of the following is true regarding the interest earned on
these investments?
Require evidence of insurability - If an employee wants to enter the group outside of the
open enrollment period, to reduce adverse selection, the insurer may
A person who negotiates insurance contracts - Which of the following persons is
required to hold a producer license?
Predicted needs of the family after the insured's death - Based on Human Life Value
Approach, which of the following is not used to calculate an individual's value of life?
Ownership - What is the major difference between a stock company and mutual
company
Bail-out - 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 - Under an individual disability policy, the MINIMUM schedule of time in which
claim payments must me made to an insured is
Consideration Clause - 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 - According to the entire contract provision, what
document must be made part of the insurance policy?
90 Days - Most policies will pay the accident death benefits as long as the death is
caused by the accident and occurs within
Viatical settlement purchaser - 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
To guard against adverse selection and reduce cost - Why do group health providers
usually require a certain amount of participation in the plan by eligible employees
A level annual premium for the life of the insured - A straight Life policy has what type of
premium?
, The consumer directs the licensee not to disclose the consumers nonpublic personal
financial information to a third party - According to the privacy of consumer financial
information regulation, if a consumer decides to opt out, this means
The period of time during which accumulated money is converted into income payments
- Which of the following best describes what the annuity period is?
Concealment - An Applicant knowingly fails to communicate information that would help
an underwriter make a sound decision regarding coverage. This is an example of
Reciprocity - Paul is a producer in OH and wants to become a producer in PA. The
commissioner will waive certain certain examination requirements, provided that OH
would waive these same requirements. What is the term to describe this phenomenon
The same face amount as in the whole life policy - Under an extended term
nonforfeiture option, the policy cash value is converted to
are made by the business and are not tax deductible - Under a key person disability
income policy, premium payments
When the premium is paid at the time of application. - When is the insurability
conditional receipt given?
15 Calendar days - Once a viatical contract has been established, how long does the
Viator have to rescind the contract?
2 years - The relation of earnings to insurance provision allows the insurance company
to limit the insured's benefits to his/her average income over what period of time?
Having all employees complete continuing education courses once every 2 years - All of
the following are licensing requirements for a business entity, EXCEPT
Disability Buy-Sell - Which agreement specifies how a business will transfer hands
when one of the owners dies or becomes disabled?
MIB reports are based upon information supplied by doctors and hospitals - All of the
following are true regarding the medical Information Bureau (MIB) Except
Root Canal - Which of the following services would be covered by endodontics?
180 days - When a producer died, his surviving spouse needed to maintain the
insurance agency until it could be sold, without testing she could qualify for a temporary
license for a max period of
OF COURSE QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
It is used to lower premiums - An insurer invests the money it receives from premiums
paid by the insureds. Which of the following is true regarding the interest earned on
these investments?
Require evidence of insurability - If an employee wants to enter the group outside of the
open enrollment period, to reduce adverse selection, the insurer may
A person who negotiates insurance contracts - Which of the following persons is
required to hold a producer license?
Predicted needs of the family after the insured's death - Based on Human Life Value
Approach, which of the following is not used to calculate an individual's value of life?
Ownership - What is the major difference between a stock company and mutual
company
Bail-out - 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 - Under an individual disability policy, the MINIMUM schedule of time in which
claim payments must me made to an insured is
Consideration Clause - 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 - According to the entire contract provision, what
document must be made part of the insurance policy?
90 Days - Most policies will pay the accident death benefits as long as the death is
caused by the accident and occurs within
Viatical settlement purchaser - 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
To guard against adverse selection and reduce cost - Why do group health providers
usually require a certain amount of participation in the plan by eligible employees
A level annual premium for the life of the insured - A straight Life policy has what type of
premium?
, The consumer directs the licensee not to disclose the consumers nonpublic personal
financial information to a third party - According to the privacy of consumer financial
information regulation, if a consumer decides to opt out, this means
The period of time during which accumulated money is converted into income payments
- Which of the following best describes what the annuity period is?
Concealment - An Applicant knowingly fails to communicate information that would help
an underwriter make a sound decision regarding coverage. This is an example of
Reciprocity - Paul is a producer in OH and wants to become a producer in PA. The
commissioner will waive certain certain examination requirements, provided that OH
would waive these same requirements. What is the term to describe this phenomenon
The same face amount as in the whole life policy - Under an extended term
nonforfeiture option, the policy cash value is converted to
are made by the business and are not tax deductible - Under a key person disability
income policy, premium payments
When the premium is paid at the time of application. - When is the insurability
conditional receipt given?
15 Calendar days - Once a viatical contract has been established, how long does the
Viator have to rescind the contract?
2 years - The relation of earnings to insurance provision allows the insurance company
to limit the insured's benefits to his/her average income over what period of time?
Having all employees complete continuing education courses once every 2 years - All of
the following are licensing requirements for a business entity, EXCEPT
Disability Buy-Sell - Which agreement specifies how a business will transfer hands
when one of the owners dies or becomes disabled?
MIB reports are based upon information supplied by doctors and hospitals - All of the
following are true regarding the medical Information Bureau (MIB) Except
Root Canal - Which of the following services would be covered by endodontics?
180 days - When a producer died, his surviving spouse needed to maintain the
insurance agency until it could be sold, without testing she could qualify for a temporary
license for a max period of
