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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. Which is NOT subject to exclusion from coverage under long-term care (LTC) policies?
A) injuries from War
B) chemical or alcohol dependency
C) self-inflicted injuries
D) organically-based mental illness (e.g.. senile dementia)
2. An individual who is NOT acceptable by an insurer at standard rates because of health, habits, or occupation is called a
A) preferred risk.
B) substandard risk.
C) rating risk.
D) standard risk.
3. Which General Policy Provision allows an insurer to adjust policy benefits and/or premium rates if the insured has changed to a more hazardous occupation?
A) modified occupation provision
B) policy assignment provision
C) modified assignment provision
D) change of occupation provision
4. For licensing purposes, the producer's principal place of business or residence in any slate determines the producer's
A) insurance transaction site.
B) license renewal date.
C) territory.
D) home state.
5. A condition in a cash value life insurance policy that allows a policyowner to terminate the policy in return for a reduced paid-up policy of the same type is referred to as
A) an incontestable clause.
B) a nonforfeiture provision.
C) a reinstatement clause.
D) a grace period.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |




