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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ethics and Professional Conduct | 10-15% | - Disclosure requirements - Fiduciary duties - Suitability standards - Privacy and confidentiality |
| Pennsylvania Insurance Laws and Regulations | 15-20% | - Consumer protection rules - Continuing education requirements - Unfair trade practices - State licensing requirements - Policy forms and approval |
| Accident and Health Insurance | 30-35% | - Policy provisions and exclusions - Medical expense plans - Disability income insurance - Major medical policies - Health insurance basics - Accident insurance - Group health insurance |
| General Insurance Concepts | 10-15% | - Agent authority and responsibilities - Insurable interest - Insurance contract law - Risk and insurance principles |
| Annuities | 10-15% | - Annuitization options - Taxation of annuities - Indexed annuities - Fixed and variable annuities |
| Life Insurance | 30-35% | - Settlement options - Types of life insurance policies
- Policy loans and cash values - Policy provisions and riders - Beneficiary designations |
Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. An insured has a stop-loss limit of $10,000, a deductible of $500, and an 80%'20% coinsurance. The insured incurs $50,000 of covered losses in an accident. How much I will the insured have to pay?
A) $10,400
B) $10,000
C) $10,600
D) $500
2. When is it appropriate for an individual to purchase term life insurance?
A) An Individual needs an income for retirement
B) An individual is seeking to build cash value in a policy.
C) An individual is seeking temporary protection and lower premiums.
D) An individual is using the premiums to offer living benefits for themselves.
3. A contract of indemnity is one in which
A) both parties are expected to act in complete honesty.
B) one party is obligated to assume the legal liability of another party.
C) one party must adhere to the agreements written by the other party.
D) one party is restored to the same financial position the party was in before the loss occurred.
4. Which type of policy contains both a minimum and target premium?
A) whole life
B) universal life
C) graded premium life
D) adjustable life
5. Long-term care policies may NOT exclude
A) treatment payable by workers' compensation.
B) treatment caused by participation in criminal activities.
C) alcoholism and drug addiction.
D) organic cognitive disorders.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |



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