Pennsylvania Life, Accident and Health Exam - PA-Life-Accident-and-Health Exam Practice Test

Question 1

A group health insurance Certificate of Coverage is

A. issued in lieu of a policy.

B. given to the employee as proof of coverage.

C. only provided to an employer

D. issued to the policyowner as proof of coverage.

Correct Answer: B

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Question 2

All of the following statements apply to the child coverage in a family policy EXCEPT

A. child coverage is convertible to whole life coverage.

B. coverage applies only to children born before the policy is issued.

C. child coverage is term insurance.

D. children are covered until reaching a specified age.

Correct Answer: B

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Question 3

Under traditional fixed annuity contracts, the party who assumes the investment risk is the

A. beneficiary.

B. contract owner

C. annuitant.

D. insurer.

Correct Answer: D

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Question 4

A temporary insurance producer license may be initially issued for a maximum of:

A. 365 days

B. 30 days

C. 90 days

D. 180 days

Correct Answer: D

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Question 5

The levels of coverage defined in the Affordable Care Act are

A. Child Only, Limited Benefit Plan, Catastrophic, and Major Medical

B. HMO, EPO, POS, and PPO.

C. Individual, Parent-Child, Spousal, and Family.

D. Bronze, Silver. Gold, and Platinum.

Correct Answer: D

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Question 6

Which General Policy Provision allows an insurer to adjust policy benefits and/or premium rates if the insured has changed to a more hazardous occupation?

A. modified assignment provision

B. change of occupation provision

C. modified occupation provision

D. policy assignment provision

Correct Answer: B

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Question 7

Written proof of loss must be furnished to the health insurer within how many days after the date of loss?

A. 90 days.

B. 45 days.

C. 15 days.

D. 30 days.

Correct Answer: A

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Question 8

A producer that spends insurance premiums received from the consumer for his own personal use. has committed all of the following, EXCEPT

A. fraud.

B. misappropriation.

C. redlining.

D. premium theft.

Correct Answer: C

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Question 9

A condition in a cash value life insurance policy that allows a policyowner to terminate the policy in return for a reduced paid-up policy of the same type is referred to as

A. a reinstatement clause.

B. a grace period.

C. an incontestable clause.

D. a nonforfeiture provision.

Correct Answer: D

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Question 10

An insured has a stop-loss limit of $10,000, a deductible of $500, and an 80%'20% coinsurance. The insured incurs $50,000 of covered losses in an accident. How much I will the insured have to pay?

A. $10,000

B. $10,400

C. $10,600

D. $500

Correct Answer: A

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Question 11

She has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the purchase of a new van. Which of the following is TRUE in this situation?

A. If the loan is not repaid, the net death will be reduced

B. Loans can only be taken for hardship situations.

C. Whole life policies do not have any loan provisions.

D. This type of loan is interest free.

Correct Answer: A

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Question 12

Which service can NOT be provided in the patient's home through a home health care policy?

A. meal preparation

B. banking assistance

C. nursing care

D. housekeeping assistance

Correct Answer: B

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Insurance Licensing Pennsylvania Life, Accident and Health - PA-Life-Accident-and-Health Exam Practice Test

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