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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accident and Health Insurance30-35%- Disability income insurance
- Major medical policies
- Group health insurance
- Policy provisions and exclusions
- Accident insurance
- Health insurance basics
- Medical expense plans
Topic 2: Ethics and Professional Conduct10-15%- Fiduciary duties
- Suitability standards
- Privacy and confidentiality
- Disclosure requirements
Topic 3: Pennsylvania Insurance Laws and Regulations15-20%- State licensing requirements
- Policy forms and approval
- Unfair trade practices
- Consumer protection rules
- Continuing education requirements
Topic 4: Annuities10-15%- Indexed annuities
- Taxation of annuities
- Fixed and variable annuities
- Annuitization options
Topic 5: Life Insurance30-35%- Policy loans and cash values
- Types of life insurance policies
  • 1. Whole life
    • 2. Term life
      • 3. Universal life
        • 4. Variable life
          - Group life insurance
          - Settlement options
          - Policy provisions and riders
          - Beneficiary designations
          Topic 6: General Insurance Concepts10-15%- Insurable interest
          - Insurance contract law
          - Agent authority and responsibilities
          - Risk and insurance principles

          Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

          Which term describes an insurer operating in the state in which it is incorporated?

          • A. resident
          • B. foreign
          • C. domestic
          • D. participating
          Reveal Solution  Discussion  0

          Correct Answer: C  🗳️

          Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).

          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. Loans can only be taken for hardship situations.
          • B. This type of loan is interest free.
          • C. If the loan is not repaid, the net death will be reduced
          • D. Whole life policies do not have any loan provisions.
          Reveal Solution  Discussion  0

          Correct Answer: C  🗳️

          Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).

          A document that specifies the most important provisions of a purchased policy is known as a

          • A. underwriter's report.
          • B. conditional receipt.
          • C. policy summary.
          • D. buyer's guide.
          Reveal Solution  Discussion  0

          Correct Answer: C  🗳️

          Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).

          The applicant must face the possibility of losing something of value in the event of the insured's death. This principle is known as

          • A. adverse selection.
          • B. Indemnification.
          • C. viatical settlement.
          • D. insurable interest.
          Reveal Solution  Discussion  0

          Correct Answer: D  🗳️

          Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).

          The accumulated cash value of a whole life insurance policy becomes the

          • A. amount used to purchase paid up additions to the insured's policy.
          • B. face amount payable upon the insured's death.
          • C. policy loan value upon which the policyowner may borrow.
          • D. funds used to offset policy administration and conversion expenses
          Reveal Solution  Discussion  0

          Correct Answer: C  🗳️

          Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).

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