Pennsylvania State Health and Life
Insurance Exam
Which of the following best describes a misrepresentations? - CORRECT ANSWER-
Issuing sales material that are exaggerated
Which of the following best describes the unfair trade practice of defamation? -
CORRECT ANSWER-Making derogatory oral statements about another's financial
conditions
The gatekeeper of an HMO helps - CORRECT ANSWER-Control Specialists costs
Which of the following is not true regarding the accumulation period of an annuity -
CORRECT ANSWER-It would not occur in a deferred annuity
Which of the following hospice expenses would not be covered in a cost-containment
setting? - CORRECT ANSWER-Antibiotics
Based on Human Life Value Approach, which of the following is not used to calculate an
individual's value of life? - CORRECT ANSWER-Predicted needs of the family after the
insured's death
Which of the following is not a metal level of coverage offered under the patient
protection and affordable care act? - CORRECT ANSWER-Iron
A long-term care shoppers guide must be presented at what point - CORRECT
ANSWER-Prior to the time of application
Which of the following programs is made up of 4 parts, where the first part is paid for by
FICA, and the second part is financed by premiums and payroll taxes? - CORRECT
ANSWER-Medicare
A person applying for a manager or exclusive general agent license must meet all of the
following criteria EXCEPT - CORRECT ANSWER-Be responsible for at least 25% of
total commissions collected by the office that he or she manages
Which of the following must be present in all medicare supplement plans? - CORRECT
ANSWER-Plan A
, What was created to keep telemarketers from calling consumers who do not wish to be
contacted? - CORRECT ANSWER-National Do not call registry
Which insurance principle states that if a policy allows for greater compensation than
the financial loss incurred, the insured may only receive benefits for the amount lost? -
CORRECT ANSWER-Indemnity
Which of the following would not be considered an expectation to the national do not
call list? - CORRECT ANSWER-Calls based from outside the United States
Insurance companies may be classified according to the legal form of their ownership.
The type of company organized to return any surplus money to their policyholders is -
CORRECT ANSWER-A mutual insurer
Which of the following is an example of a peril covered in an accident and health
insurance policy? - CORRECT ANSWER-Sickness
Which nonforfeiture option has the highest amount of insurance protection? -
CORRECT ANSWER-Extended Term
A person steps off a streetcar and trips and breaks his ankle. This type of injury can be
described as - CORRECT ANSWER-Sudden and Unforeseen
A domestic insurer issuing variable contracts must establish one or more - CORRECT
ANSWER-Separate Accounts
What is the major difference between a stock company and mutual company -
CORRECT ANSWER-Ownership
Which of the following provisions in annuity contracts allow the owner to te surrender
the annuity if interests rates drop to a specified level. - CORRECT ANSWER-Bail-out
Under an individual disability policy, the MINIMUM schedule of time in which claim
payments must me made to an insured is - CORRECT ANSWER-Monthly
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... - CORRECT ANSWER-Consideration Clause
According to the entire contract provision, what document must be made part of the
insurance policy? - CORRECT ANSWER-Copy of the original application
Most policies will pay the accident death benefits as long as the death is caused by the
accident and occurs within - CORRECT ANSWER-90 Days
Insurance Exam
Which of the following best describes a misrepresentations? - CORRECT ANSWER-
Issuing sales material that are exaggerated
Which of the following best describes the unfair trade practice of defamation? -
CORRECT ANSWER-Making derogatory oral statements about another's financial
conditions
The gatekeeper of an HMO helps - CORRECT ANSWER-Control Specialists costs
Which of the following is not true regarding the accumulation period of an annuity -
CORRECT ANSWER-It would not occur in a deferred annuity
Which of the following hospice expenses would not be covered in a cost-containment
setting? - CORRECT ANSWER-Antibiotics
Based on Human Life Value Approach, which of the following is not used to calculate an
individual's value of life? - CORRECT ANSWER-Predicted needs of the family after the
insured's death
Which of the following is not a metal level of coverage offered under the patient
protection and affordable care act? - CORRECT ANSWER-Iron
A long-term care shoppers guide must be presented at what point - CORRECT
ANSWER-Prior to the time of application
Which of the following programs is made up of 4 parts, where the first part is paid for by
FICA, and the second part is financed by premiums and payroll taxes? - CORRECT
ANSWER-Medicare
A person applying for a manager or exclusive general agent license must meet all of the
following criteria EXCEPT - CORRECT ANSWER-Be responsible for at least 25% of
total commissions collected by the office that he or she manages
Which of the following must be present in all medicare supplement plans? - CORRECT
ANSWER-Plan A
, What was created to keep telemarketers from calling consumers who do not wish to be
contacted? - CORRECT ANSWER-National Do not call registry
Which insurance principle states that if a policy allows for greater compensation than
the financial loss incurred, the insured may only receive benefits for the amount lost? -
CORRECT ANSWER-Indemnity
Which of the following would not be considered an expectation to the national do not
call list? - CORRECT ANSWER-Calls based from outside the United States
Insurance companies may be classified according to the legal form of their ownership.
The type of company organized to return any surplus money to their policyholders is -
CORRECT ANSWER-A mutual insurer
Which of the following is an example of a peril covered in an accident and health
insurance policy? - CORRECT ANSWER-Sickness
Which nonforfeiture option has the highest amount of insurance protection? -
CORRECT ANSWER-Extended Term
A person steps off a streetcar and trips and breaks his ankle. This type of injury can be
described as - CORRECT ANSWER-Sudden and Unforeseen
A domestic insurer issuing variable contracts must establish one or more - CORRECT
ANSWER-Separate Accounts
What is the major difference between a stock company and mutual company -
CORRECT ANSWER-Ownership
Which of the following provisions in annuity contracts allow the owner to te surrender
the annuity if interests rates drop to a specified level. - CORRECT ANSWER-Bail-out
Under an individual disability policy, the MINIMUM schedule of time in which claim
payments must me made to an insured is - CORRECT ANSWER-Monthly
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... - CORRECT ANSWER-Consideration Clause
According to the entire contract provision, what document must be made part of the
insurance policy? - CORRECT ANSWER-Copy of the original application
Most policies will pay the accident death benefits as long as the death is caused by the
accident and occurs within - CORRECT ANSWER-90 Days
