Insurance Licensing Pennsylvania Life, Accident and Health - PA-Life-Accident-and-Health Exam Practice Test
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?
Correct Answer: B
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An insured under a disability income policy is receiving monthly benefit checks after losing both legs in an automobile accident. Although the insured could be assigned desk duties, the condition that automatically qualifies this insured for total disability classification is
Correct Answer: C
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For a contract to be valid, it MUST be for a legal purpose and involve an exchange of
Correct Answer: D
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In determining whether a pre-existing condition applies, the enrollee CANNOT have more than how many days" gap in Health insurance?
Correct Answer: C
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An Insurance licensee must do all of the following in order to renew an insurance license EXCEPT
Correct Answer: A
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Which of the following gives the policyowner access to the cash value that accumulates inside the policy without having to terminate the policy?
Correct Answer: C
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The Pennsylvania Insurance Department has both the right and the duty to complete which task in regards to licensed insurers?
Correct Answer: C
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A document that specifies the most important provisions of a purchased policy is known as a
Correct Answer: A
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Which one of the following types of benefits is often excluded from coverage under an HMO plan?
Correct Answer: B
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All of the following statements about aleatory contracts are true EXCEPT
Correct Answer: D
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