PA Life Exam Questions With Correct Answers

PA /




Life Exam Questions With Correct Answers
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An /
/individual /


/acted /


/as /


/an /


/exclusive /


/general /


/agent /


/even /


/though /


/she /


/was /


/not /


/licensed /


/to /


/do /


/so. /


/Since /


/this /


/offense /


/occurred /


/over //


a/
/period /


/of /


/60 /


/days, /


/what //is //the //max //penalty //she //faces? //- //CORRECT //ANSWERS(S)✔✔$60,000 //and //third-


degree //felony

, The /
/renewable /


/provision /


/allows /


/the /


/policyowner /


/to /


/renew /


/the /


/coverage /


/at //the //expiration //date //- //CORRECT //ANSWERS(S)✔✔without //evidence //of //insurability




cash /
/value /


/guarantees /


/in //a //whole //life //policy //are //called //- //CORRECT //ANSWERS(S)✔✔nonforfeiture //values




Which //is //not //a //component //of //an //insurance //policy //premium?



A. //Number //of //beneficiaries

B. //Mortality //costs

C. //Insurer //expenses

D. //Investment //returns //- //CORRECT //ANSWERS(S)✔✔A



A/
/married /


/couple /


/purchases /


/life /


/insurance /


/policy /


/on /


/their /