Property and Casualty PA Quiz Questions with complete solutions 2024

Property and Casualty PA Quiz Questions 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 being charged -60 days to reinstate a lapsed license retroactively