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PROPERTY AND CASUALTY PA EXAM|| LATELY
UPDATED QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE UPDATE 2025 WITH VERIFIED
SOLUTIONS|| GUARANTEED A+
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 - 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 - 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 -
ANSWER: A resident producer must both live and work in Pennsylvania
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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
-Four years to complete 24 hours of continuing education - ANSWER: Four years
to complete 24 hours of continuing education
Possible insurance department penalties for insurance law violations include all of
the following except:
-Fines
-Revoking a license
-Increased requirement of CE hours
-Issuance of an order to cease and desist - ANSWER: Increased requirement of CE
hours
All of the following are general duties and powers of the insurance commissioner
except:
-Prosecute the individual in a court of law
-Collect fees
-Investigate complaints
-Regulate rates - ANSWER: Prosecute the individual in a court of law
Rate regulatory law requires rates to be all of the following except:
-Not excessive
-Equal for all policy holders
-Adequate
-Not unfairly discriminatory - ANSWER: Equal for all policy holders
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Which statement is false?
-The insurance commissioner is appointed by the governor
-All rates must be filed and approved before they can be used
-Maximum jail term for an insurance violation is six months
-Illegal inducement is doing business with unlicensed persons - ANSWER: Illegal
inducement is doing business with unlicensed persons
Which activity would be a prohibited practice under the unfair claims practices
law?
-Failing to act promptly on a communication dealing with a claim
-Reporting the claim to the insurance company online
-Denying payment of a claim that is not covered by the policy
-Assigning an adjuster to investigate the claim before payment - ANSWER:
Failing to act promptly on a communication dealing with a claim
Which activity would not be a prohibited practice under the Unfair Trade Practice
Law?
-Intentionally misrepresenting coverage terms in the policy
-Forging a client's signature on an application
-Not remembering your clients birthday
-Committing a felony - ANSWER: Not remembering your clients birthday
Misrepresentation call be all of the following except:
-Twisting
-Sharing part of your own commission with a client
-Misrepresenting benefits, terms or conditions
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-Misrepresenting in advertisements - ANSWER: Sharing part of your own
commission with a client
All of the following are Unfair Trade Practices activities except:
-Comingling of funds
-Rebating
-Defamation
-Boycott, coercion, or intimidation - ANSWER: Comingling of funds
The Fair Credit Reporting Act requires all of the following except:
-Notification of a credit investigation at time of application
-A copy of the report sent to the client
-The name and address of the credit reporting agency given to the client
-Notice must be in writing - ANSWER: A copy of the report sent to the client
The Gramm-Leach-Bliley Act requires all of the following except:
-Annual privacy notification given to all customers
-Customers given the option to opt out of sharing info to others
-Insurers must protect the security of financial information
-An annual report must be sent to the federal government - ANSWER: An annual
report must be sent to the federal government
Which statement is false concerning the Federal Terrorism Risk Insurance Act
(TRIA)?
-It applies to all lines of insurance, both personal and commercial
-The premium must be shown to the client with the opportunity to reject coverage
PROPERTY AND CASUALTY PA EXAM|| LATELY
UPDATED QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE UPDATE 2025 WITH VERIFIED
SOLUTIONS|| GUARANTEED A+
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 - 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 - 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 -
ANSWER: A resident producer must both live and work in Pennsylvania
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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
-Four years to complete 24 hours of continuing education - ANSWER: Four years
to complete 24 hours of continuing education
Possible insurance department penalties for insurance law violations include all of
the following except:
-Fines
-Revoking a license
-Increased requirement of CE hours
-Issuance of an order to cease and desist - ANSWER: Increased requirement of CE
hours
All of the following are general duties and powers of the insurance commissioner
except:
-Prosecute the individual in a court of law
-Collect fees
-Investigate complaints
-Regulate rates - ANSWER: Prosecute the individual in a court of law
Rate regulatory law requires rates to be all of the following except:
-Not excessive
-Equal for all policy holders
-Adequate
-Not unfairly discriminatory - ANSWER: Equal for all policy holders
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Which statement is false?
-The insurance commissioner is appointed by the governor
-All rates must be filed and approved before they can be used
-Maximum jail term for an insurance violation is six months
-Illegal inducement is doing business with unlicensed persons - ANSWER: Illegal
inducement is doing business with unlicensed persons
Which activity would be a prohibited practice under the unfair claims practices
law?
-Failing to act promptly on a communication dealing with a claim
-Reporting the claim to the insurance company online
-Denying payment of a claim that is not covered by the policy
-Assigning an adjuster to investigate the claim before payment - ANSWER:
Failing to act promptly on a communication dealing with a claim
Which activity would not be a prohibited practice under the Unfair Trade Practice
Law?
-Intentionally misrepresenting coverage terms in the policy
-Forging a client's signature on an application
-Not remembering your clients birthday
-Committing a felony - ANSWER: Not remembering your clients birthday
Misrepresentation call be all of the following except:
-Twisting
-Sharing part of your own commission with a client
-Misrepresenting benefits, terms or conditions
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-Misrepresenting in advertisements - ANSWER: Sharing part of your own
commission with a client
All of the following are Unfair Trade Practices activities except:
-Comingling of funds
-Rebating
-Defamation
-Boycott, coercion, or intimidation - ANSWER: Comingling of funds
The Fair Credit Reporting Act requires all of the following except:
-Notification of a credit investigation at time of application
-A copy of the report sent to the client
-The name and address of the credit reporting agency given to the client
-Notice must be in writing - ANSWER: A copy of the report sent to the client
The Gramm-Leach-Bliley Act requires all of the following except:
-Annual privacy notification given to all customers
-Customers given the option to opt out of sharing info to others
-Insurers must protect the security of financial information
-An annual report must be sent to the federal government - ANSWER: An annual
report must be sent to the federal government
Which statement is false concerning the Federal Terrorism Risk Insurance Act
(TRIA)?
-It applies to all lines of insurance, both personal and commercial
-The premium must be shown to the client with the opportunity to reject coverage
