PENNSYLVANIA STATE HEALTH AND LIFE INSURANCE

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PENNSYLVANIA STATE HEALTH AND LIFE INSURANCE

EXAM Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -100 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: it can be owned by individual employees

Answer:

Which of the following is not true about a group annuity?

Question 2: A Contributory Plan

Answer:

Jason is insured under his employers group health insurance. He splits the cost of the premiums with his employer. This is an example of

Question 3: Commissioner

Answer:

Which of the following authorities is authorized to issue a temporary insurance producers license?

Question 4: Unfair claims methods and practices regulation

Answer:

Should an insurance company deny a claim submitted by and insured without providing to that insured a prompt reason...

Question 5: 24 hours this reporting period. 24 the period following. 4 hours lost

Answer:

A producer has successfully completed 52 hours of CE. How many CE will go towards this upcoming reporting period?Question 6: Making derogatory oral statements about another's financial conditions

Answer:

Which of the following best describes the unfair trade practice of defamation?Question 7: They are exempt as long as they are on active duty, and for 6 months afterwards

Answer:

A licensee serving in the military is unable to fulfill her continuing education requirement. What would the licensee have to do to renew the license?

Question 8: Fair Credit reporting act

Answer:

An applicant is denied insurance because of information found on a consumer reports...

Question 9: 30 Days

Answer:

If an insurer terminates a producer, the insurer must notify the commissioner within how many days?

Question 10: Payor benefits

Answer:

Which of the following allows the insurer to relieve a minor insured from premium payments if the minors parents have died or become disabled

Question 11: It will pay double or triple the face amount.

Answer:

Which of the following statements is TRUE concerning the accidental death rider?

Question 12: All providers will have the same coverage

Answer:

In reference to the standard medicare supplement benefits plans, what does the term standard mean?

Question 13: Require evidence of insurability

Answer:

If an employee wants to enter the group outside of the open enrollment period, to reduce adverse selection, the insurer may

Question 14: income

Answer:

A typical accidental death & dismemberment policy covers all of the following losses except

Question 15: Any children born to them after the inception of the contract

Answer:

Bob purchased a policy to provide coverage on himself, his wife Linda, and their two children, John and Kristen. All of the would need to prove insurability except.

Question 16: Target Premium

Answer:

Which of the following would help prevent a universal life policy from lapsing?Question 17: Yes and they may use any preferred physician, even if not part of the HMO

Answer:

Can an individual who belongs to a POS plan use an out-of-network physician?

Question 18: 20 days

Answer:

Following hospitalization because of an accident, Bill was confined in a skilled nursing facility. Medicare will pay full benefits in this facility for how many days?

Question 19: National Do not call registry

Answer:

What was created to keep telemarketers from calling consumers who do not wish to be contacted?

Question 20: Death Benefit

Answer:

Which component increases in the increasing term insurance?

Question 21: Copy of the original application

Answer:

According to the entire contract provision, what document must be made part of the insurance policy?

Question 22: Plan A

Answer:

Which of the following must be present in all medicare supplement plans?

Question 23: A level annual premium for the life of the insured

Answer:

A straight Life policy has what type of premium?

Question 24: It would not occur in a deferred annuity

Answer:

Which of the following is not true regarding the accumulation period of an annuity

Question 25: It is used to lower premiums

Answer:

An insurer invests the money it receives from premiums paid by the insureds. Which of the following is true regarding the interest earned on these investments?

Question 26: Comprehensive

Answer:

Combination plans are composed of two types of plan features: Basic and...

Question 27: Medicare

Answer:

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?

Question 28: the policy owner is entitled to policy loans

Answer:

Which of the following statements is correct regarding a whole life policy?