FREE INSURANCE AND STUDY GAMES ABOUT PA

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FREE INSURANCE AND STUDY GAMES ABOUT PA

LIFE-N-HEALTH INS EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -169 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: all of the following could affect the status of lic EXCEPT

-Obtain a license through msrprsnttn or cheat on a lic exam -Misapprop funds receive and/or accept business sold by an unlic prsn -Unintentionally misrepresenting the terms of ins contracts

Answer:

Unintentionally misrepresenting the terms of insurance contracts Question 2: How much time does an insurance licensee have to report to the Director any administrative action taken against them

Answer:

30 days Question 3: How often must an insurer file a Certificate of Compliance stating that their advertisements comply with insurance laws?

Answer:

every year

Question 4: Who of the following can receive a commission for selling a policy: -Someone whose license is suspended, but was not suspended at the time of the sale -Someone whose license has been revoked -Someone who has not been licensed

Answer:

Someone whose license is suspended, but was not suspended at the time of the sale Question 5: How much time does an insurance licensee have to report to the Director any criminal charges brought against them

Answer:

30 days Question 6: All health insurance policies must provide coverage for child immunizations up to what percentage of the average wholesale price of the immunizing producer?

Answer:

%150 Question 7: JB's agent made a hint that if JB purchased a policy from him, the agent would pull some strings to get JB accepted for membership in the best golf club in town. Making such an offer is considered

Answer:

coercion Question 8: What is the maximum deductible for a specified (dread) disease health insurance policy?

Answer:

$250 Question 9: How much time does an insurance licensee have to notify the Insurance Department of a change in address

Answer:

30 days Question 10: If the Commissioner determines that a licensee has committed a violation what is the minimum action that may be taken

Answer:

issue a cease and desist order

Question 11: Which of the following is NOT a responsibility of the Commissioner of Insurance: Regulating insurer solvency Issuing insurance producer licenses Issuing cease and desist orders Prosecuting criminal violations of insurance laws

Answer:

Prosecuting criminal violations of insurance laws Question 12: Replacement rules do not apply to which of the following types of life insurance?-Term life insurance with a different insurer -Whole life insurance with a different insurer -Group life insurance -all of the above

Answer:

Group life insurance Question 13: In order for an ins comp to sell any policy covering life, health, accident, personal liability, fire, marine, title, and casualty ins, the forms must be submitted and approved by the Commissnr. How long does it take for the Commissioner to approve a form

Answer:

30 days

Question 14: Which is NOT a prohibited provision in life ins policies?

-for forfeiture of the policy for failure to repay any loan on the policy -limiting the time within which any legal action may be commenced to less than 3 year after the cause of action.-for

Answer:

A provision limiting the time within which any legal action may be commenced to less than 3 year after the cause of action.

Question 15: What is the duration for an insurance producer license?

Answer:

• years

Question 16: When must the outline of coverage be given to a prospective client for long term care insurance

Answer:

at the time of initial solicitation Question 17: Giving an applicant stock in the insurance company if they buy a policy is considered

Answer:

illegal inducement

Question 18: Which of the following actions is not considered fraud?

-Presenting documents with false information -Making misleading statements concerning claims -Unknowingly benefiting from the fraudulent act of another

Answer:

Unknowingly benefiting from the fraudulent act of another Question 19: A policyholder must show proof of a child's incapacity of self-sustaining employment by reason of physical handicap within how many days of the normal specified dependent termination age?

Answer:

31 days Question 20: To be considered a total disability, the inability for an insured to perform all their regular occupational duties following an injury must last for how many months?

Answer:

24 months Question 21: A person that on behalf of a viator, offers to negotiate viatical settlements is a

Answer:

Viatical settlement broker Question 22: How many daily activities must someone be unable to perform to trigger long-term care benefits

Answer:

3