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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 10-15% | - Insurance contract law - Insurable interest - Risk and insurance principles - Agent authority and responsibilities |
| Topic 2: Ethics and Professional Conduct | 10-15% | - Privacy and confidentiality - Disclosure requirements - Fiduciary duties - Suitability standards |
| Topic 3: Annuities | 10-15% | - Taxation of annuities - Indexed annuities - Annuitization options - Fixed and variable annuities |
| Topic 4: Accident and Health Insurance | 30-35% | - Accident insurance - Policy provisions and exclusions - Group health insurance - Disability income insurance - Health insurance basics - Medical expense plans - Major medical policies |
| Topic 5: Pennsylvania Insurance Laws and Regulations | 15-20% | - Continuing education requirements - Unfair trade practices - Policy forms and approval - State licensing requirements - Consumer protection rules |
| Topic 6: Life Insurance | 30-35% | - Policy loans and cash values - Settlement options - Policy provisions and riders - Beneficiary designations - Types of life insurance policies
|
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. An insured named her four children as beneficiaries in equal shares to her $60,000 life insurance policy. Her eldest child has two children and dies prior to the insured. The other three children do not have children of their own. If the insured designated the beneficiaries per capita, how will the proceeds be distributed?
A) The three surviving children will each receive $15,000. The insured's grandchildren will each receive
$7,500.
B) The three surviving children will each receive $20,000.
C) The three surviving children will each receive $15,000. The remaining $15,000 will be paid to the insured's estate.
D) The three surviving children will each receive $15,000.
2. The responsibility for regulating the insurance continuing education requirements and approving insurance continuing education courses of instruction belongs to the
A) Pennsylvania Department of Education.
B) Pennsylvania Insurance Commissioner.
C) Guaranty Association Board of Directors.
D) National Association of Insurance Commissioners.
3. When the Commissioner believes a producer has violated an insurance law, the Commissioner has the authority to:
A) Increase the producer's continuing education requirement
B) Cancel the producer's fiduciary responsibility
C) Terminate the producer's appointment
D) Issue a cease and desist order against the producer after a hearing
4. The clause in a life insurance policy protecting its proceeds from the beneficiary's creditors is referred to as the
A) creditor life clause.
B) lien exclusion clause.
C) spendthrift trust clause.
D) credit shelter trust clause.
5. When a Pennsylvania producer's appointment is to be terminated, how many days does the insurer have to submit a copy of the statement to the producer after notification to the commissioner?
A) 15
B) 60
C) 90
D) 45
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |


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