Xcel Ch. 8B-2 PA laws Questions And Answers
A resident producer license requires each of the following EXCEPT - ANS-Insurer appointment
Under the Affordable Care Act, how would a grandfathered health plan lose its grandfathered status? -
ANS-The insurer significantly raises co-insurance charges, deductibles, or co-payment charges
Under Pennsylvania statute, first year commission for long-term care insurance may not be greater than
- ANS-50% of the first year premium
As of January 1, 2014, an employer with up to 25 full time equivalent (FTE's) with average annual wages
of less than $50,000 may be eligible for a tax credit of ___ of the premiums paid by the employer. - ANS50%
Which of the following is required to maintain a producers license in Pennsylvania? - ANS-Field
underwriter, who solicits insurance and earns a commission
Which prohibited act involves a producer spending a client's insurance premiums for his/her own
personal use? - ANS-Embezzlement
In Pennsylvania a Long-Term care policy must be______renewable. - ANS-Guaranteed
In order to solicit insurance in Pennsylvania, all of the following is required EXCEPT - ANS-be at least 21
years of age
The Pennsylvania Life and Health Guarantee Association protects life insurance death benefit claims up
to - ANS-$300,000
Commissions may be shared by - ANS-licensed and appointed Producers
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