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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics and Professional Conduct | 10-15% | - Suitability standards - Fiduciary duties - Disclosure requirements - Privacy and confidentiality |
| Topic 2: Accident and Health Insurance | 30-35% | - Group health insurance - Medical expense plans - Major medical policies - Disability income insurance - Accident insurance - Health insurance basics - Policy provisions and exclusions |
| Topic 3: General Insurance Concepts | 10-15% | - Agent authority and responsibilities - Insurable interest - Risk and insurance principles - Insurance contract law |
| Topic 4: Life Insurance | 30-35% | - Beneficiary designations - Types of life insurance policies
- Settlement options - Policy loans and cash values - Policy provisions and riders |
| Topic 5: Pennsylvania Insurance Laws and Regulations | 15-20% | - Unfair trade practices - Policy forms and approval - Consumer protection rules - State licensing requirements - Continuing education requirements |
| Topic 6: Annuities | 10-15% | - Indexed annuities - Taxation of annuities - Annuitization options - Fixed and variable annuities |
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. Which of the following beneficiary designations prohibits the policyowner from making any changes to the policy without the beneficiary's written consent?
A) revocable beneficiary
B) contingent beneficiary
C) primary beneficiary
D) irrevocable beneficiary
2. The Commissioner may take disciplinary action against a licensee for any of the following reasons EXCEPT:
A) Making untrue statements in the license application
B) Committing unfair trade practices
C) Being convicted of a summary offense
D) Violating any insurance law
3. The commissioner may refuse to issue a license if the applicant
A) is 20-years of age.
B) has allowed an insurance license to lapse.
C) provided incorrect information on licensing application
D) Is not a resident of Pennsylvania.
4. The types of life insurance generally used to cover key employee indemnification are
A) universal, term, and whole life Insurance.
B) limited-pay, adjustable, and group life insurance.
C) decreasing term life insurance.
D) joint, permanent and credit life insurance.
5. When an insurance licensee in Pennsylvania changes their email address, which organization must be notified?
A) The Insurance Agents Association
B) The Department of Labor and Industry
C) Pennsylvania Insurance Department
D) The National Association of Insurance Commissioners
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
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