Property and Casualty PA questions with correct answers
All of the following are requirements to be licensed in PA except: -Complete a four-week long pre-licensing course -Pass the appropriate exam -Apply for a license with the insurance department and pay the appropriate fee -Have your fingerprints taken and submitted CORRECT ANSWER Complete a four-week long pre-licensing course All of the following statements are correct except: -An applicant has up to one year to be licensed after successfully passing the exam -The fee for the PA Property-casualty license is $55 for two years -An Insurance Agency does not need to be licensed if they are a corporation -You must be at least 18 years of age to be licensed CORRECT ANSWER An Insurance Agency does not need to be licensed if they are a corporation Which statement is false? -A resident producer must both live and work in Pennsylvania -The maximum limit for a temporary license is 180 days -An insurance company's license is called a certificate of authority -A producer must be licensed to sell, solicit, or negotiate contracts of insurance CORRECT ANSWER A resident producer must both live and work in Pennsylvania Which time period is incorrect? -30 days to report a change of address -30 days to report a criminal conduct of be
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- October 19, 2023
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property and casualty pa questions with correct an
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