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

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

          Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

          1. Insurable interest is a component of which contract element?

          A) Legal purpose
          B) Agreement
          C) Consideration
          D) Competent parties


          2. Medicare Part B pays what percent of approved charges for physician and surgeon services?

          A) 65
          B) 80
          C) 50
          D) 95


          3. 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) 90
          B) 60
          C) 15
          D) 45


          4. Which of the following is a contract that is usually sold by a terminally ill person to an entity that receives death benefits from the policy at the insured's death?

          A) settlement option
          B) vertical settlement
          C) variable contract
          D) immediate annuity


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

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


          Solutions:

          Question # 1
          Answer: A
          Question # 2
          Answer: B
          Question # 3
          Answer: B
          Question # 4
          Answer: B
          Question # 5
          Answer: B

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