A Pennsylvania insurance producer earns more continuing education credit than one license period needs. How much may be carried over to the next period?Answer: Up to 24 credit hours. Source: Insurance Department Act of 1921, Sec. 608-A
A Pennsylvania insurance producer lets a license lapse by failing to renew on time. Within what time may the producer ask the department to reinstate it?Answer: Within one year of the license renewal date. Source: Insurance Department Act of 1921, Sec. 608-A
A Pennsylvania insurer terminates the appointment of an insurance producer. Within how long must it notify the department in writing?Answer: Within 30 days following the effective date of the termination. Source: Insurance Department Act of 1921, Sec. 671.1-A
A Pennsylvania licensee changes address, telephone number or email address. Within how long must the department be told?Answer: 30 days. Source: Insurance Department Act of 1921, Sec. 611-A
A Pennsylvania licensee is charged with criminal conduct. Within how long must the licensee report the charges to the department?Answer: Within 30 days of being charged. Source: Insurance Department Act of 1921, Sec. 678-A
Show all 136 questions (131 more)
Producer licensing and continuing education, continued
A Pennsylvania licensee wants to do business under a fictitious name. What does section 607-A require?Answer: Written notice to the commissioner before the name is used. Source: Insurance Department Act of 1921, Sec. 607-A
A Pennsylvania producer acts for an insurance consumer rather than for an insurer. What must the producer do before representing the consumer?Answer: Execute a written agreement with the consumer. Source: Insurance Department Act of 1921, Sec. 671-A
A Pennsylvania producer places a contract with an insurer that is not allowed to do business in the Commonwealth. What does section 695-A say about contracts unlawfully made through the producer?Answer: The producer is personally liable on them. Source: Insurance Department Act of 1921, Sec. 695-A
A person applies in Pennsylvania for the life or accident and health line of authority. Which professional designation named in section 604-A excuses that person from the examination?Answer: Chartered Life Underwriter (CLU). Source: Insurance Department Act of 1921, Sec. 604-A
A producer from another state applies for a Pennsylvania nonresident license. On what ground named in section 610-A may the department deny it?Answer: The home state does not license Pennsylvania residents on the same basis. Source: Insurance Department Act of 1921, Sec. 610-A
A producer who lives in another state applies for a Pennsylvania nonresident license. What nonrefundable fee comes with the application?Answer: $110. Source: Insurance Department Act of 1921, Sec. 605-A
A resident Pennsylvania producer dies. To whom may the department issue a temporary license under section 609-A?Answer: The surviving spouse or court-appointed personal representative. Source: Insurance Department Act of 1921, Sec. 609-A
A temporary license issued in Pennsylvania under section 609-A lasts at most how long?Answer: 180 days. Source: Insurance Department Act of 1921, Sec. 609-A
After a move into Pennsylvania, a producer who held a resident license elsewhere has how long from setting up a principal place of residence or business to apply?Answer: 90 days. Source: Insurance Department Act of 1921, Sec. 606.1-A
Ethics has its own share of a Pennsylvania producer's continuing education. What is the minimum number of credit hours for a license period?Answer: At least 3. Source: Insurance Department Act of 1921, Sec. 608-A
For what period is a Pennsylvania insurance producer license issued?Answer: A period not to exceed two years. Source: Insurance Department Act of 1921, Sec. 607-A
For which kind of business may a Pennsylvania licensee charge a fee in addition to a commission, if the fee is disclosed in advance in writing?Answer: Commercial business. Source: Insurance Department Act of 1921, Sec. 674-A
How much approved continuing education does Pennsylvania require of an insurance producer for each two-year license period?Answer: 24 credit hours. Source: Insurance Department Act of 1921, Sec. 608-A
How old must an applicant be for a Pennsylvania resident insurance producer license?Answer: 18 years. Source: Insurance Department Act of 1921, Sec. 606-A
In Pennsylvania, a person with no license refers a neighbor to a producer for personal insurance. What may the producer pay for the referral?Answer: A one-time, nominal fixed fee that does not depend on a sale. Source: Insurance Department Act of 1921, Sec. 672-A
In Pennsylvania, what must an individual do before applying to the Insurance Department for an insurance producer license?Answer: Pass the licensing examination for the lines wanted. Source: Insurance Department Act of 1921, Sec. 604-A
In what capacity does a Pennsylvania insurance producer hold the funds received or collected as a producer?Answer: A fiduciary capacity. Source: Insurance Department Act of 1921, Sec. 696-A
The Pennsylvania Insurance Department reinstates a lapsed producer license retroactively, effective on the date it lapsed, when the full request arrives within what time?Answer: Within 60 days after the license lapsed. Source: Insurance Department Act of 1921, Sec. 608-A
The Pennsylvania Insurance Department sends a licensee a written inquiry. Within how long must the licensee respond?Answer: 30 days of receipt. Source: Insurance Department Act of 1921, Sec. 612-A
Pennsylvania licenses a business entity as an insurance producer only if its application names which people?Answer: One or more licensed individuals responsible for the entity's compliance. Source: Insurance Department Act of 1921, Sec. 605-A
Under Pennsylvania law, what must a person hold before selling, soliciting or negotiating a contract of insurance in the Commonwealth?Answer: An insurance producer license. Source: Insurance Department Act of 1921, Sec. 603-A
Under section 611-A of Pennsylvania's Insurance Department Act, a producer may not move coverage to an insurer other than the one the insured expressly chose unless what is true?Answer: The insured consents. Source: Insurance Department Act of 1921, Sec. 611-A
Under section 641-A of Pennsylvania's Insurance Department Act, how is acting as an insurance producer without a license graded?Answer: A felony of the third degree. Source: Insurance Department Act of 1921, Sec. 641-A
What appointment fee does section 671-A of Pennsylvania's Insurance Department Act bill to the insurer each year?Answer: $12.50. Source: Insurance Department Act of 1921, Sec. 671-A
What does Pennsylvania law say about a producer charging a fee to complete an application for a contract of insurance?Answer: No producer shall charge such a fee. Source: Insurance Department Act of 1921, Sec. 674-A
What must an individual send with an application for a Pennsylvania insurance producer license so that the department can run a background check?Answer: The applicant's fingerprints. Source: Insurance Department Act of 1921, Sec. 605-A
What nonrefundable fee does section 605-A of Pennsylvania's Insurance Department Act set for a resident applying for an insurance producer license?Answer: $55. Source: Insurance Department Act of 1921, Sec. 605-A
When may a Pennsylvania insurance producer act on behalf of or as a representative of an insurer?Answer: When the producer is appointed by the insurer. Source: Insurance Department Act of 1921, Sec. 671-A
Which applicant for a Pennsylvania insurance producer license does section 604-A excuse from the licensing examination?Answer: A business entity. Source: Insurance Department Act of 1921, Sec. 604-A
Which of these is listed among the prohibited acts of a licensee in section 611-A of Pennsylvania's Insurance Department Act?Answer: Failing to pay State income tax. Source: Insurance Department Act of 1921, Sec. 611-A
Life policy provisions 27
A clause in a Pennsylvania life policy shortens the period for suing on the policy. Section 411 forbids the clause if the period is under how long?Answer: Two years. Source: Insurance Company Law of 1921, Sec. 411
A medical examiner for a life insurer doing business in Pennsylvania reports the applicant a fit subject for insurance. When may the insurer still defend a claim by saying the insured was not in the required health at the examination?Answer: Only when the report was procured by fraud, deceit or misrepresentation of or for the insured. Source: Insurance Company Law of 1921, Sec. 411A
A Pennsylvania employer wants to insure the lives of its employees for its own benefit. What must it obtain from each of them first?Answer: Prior written consent. Source: Insurance Company Law of 1921, Sec. 412
A Pennsylvania insurance producer holds out as a financial planner and wants to charge a fee for planning services. What must the fee be based on?Answer: A written agreement signed in advance by the party to be charged. Source: Insurance Company Law of 1921, Sec. 403-A
A Pennsylvania life insurer has not paid a death benefit within how long after satisfactory proof of death, so that the benefit must bear interest?Answer: Thirty days. Source: Insurance Company Law of 1921, Sec. 411B
A Pennsylvania life policy is delivered by mail and the date of delivery is disputed. Who carries the burden of proof under section 404-A?Answer: The insurer. Source: Insurance Company Law of 1921, Sec. 404-A
A Pennsylvania life policy may charge interest on a premium paid during the grace period. What ceiling does section 410(b) set?Answer: Eight per centum per annum. Source: Insurance Company Law of 1921, Sec. 410
A Pennsylvania life policy may not be dated back so that it takes effect more than how long before the original application was made?Answer: Six months. Source: Insurance Company Law of 1921, Sec. 411
A Pennsylvania life policy replaces a policy of the same insurer. How long is the right to return the new policy?Answer: At least 45 days from delivery. Source: Insurance Company Law of 1921, Sec. 410D
After how many full years of premiums must a Pennsylvania life policy provide a loan value under section 410?Answer: Three full years. Source: Insurance Company Law of 1921, Sec. 410
The age of the insured was misstated on a Pennsylvania life policy. What does the required provision make payable?Answer: The amount the premium would have purchased at the correct age. Source: Insurance Company Law of 1921, Sec. 410
Either of two grace periods satisfies section 410 of Pennsylvania's Insurance Company Law for a life premium after the first year. Which pair is it?Answer: Either thirty days or one month. Source: Insurance Company Law of 1921, Sec. 410
For how long may a Pennsylvania life insurer defer making a policy loan after the application for it is made, other than a loan to pay premiums?Answer: Six months. Source: Insurance Company Law of 1921, Sec. 410
For people related by blood or law, how does section 412 of Pennsylvania's Insurance Company Law describe an insurable interest?Answer: An interest engendered by love and affection. Source: Insurance Company Law of 1921, Sec. 412
How long does the owner of a new individual life policy in Pennsylvania have to return it for a refund when no replacement is involved?Answer: At least 10 days from delivery. Source: Insurance Company Law of 1921, Sec. 410D
The new life policy comes from a different insurer than the one being replaced. In Pennsylvania, the notice on its first page must promise a return period of at least how long?Answer: At least 20 days from delivery. Source: Insurance Company Law of 1921, Sec. 410D
Proof of death reaches a Pennsylvania life insurer two months after the insured died, and the insurer pays late. From what date does the interest owed under section 411B accrue?Answer: The date of death of the insured. Source: Insurance Company Law of 1921, Sec. 411B
Section 410 of Pennsylvania's Insurance Company Law names the policy-year by whose end a participating life policy starts receiving its annual share of divisible surplus. Which is it?Answer: Not later than the end of the third policy-year. Source: Insurance Company Law of 1921, Sec. 410
Section 410 of Pennsylvania's Insurance Company Law requires an incontestability provision. Counting from the date of issue, after how long does it take hold?Answer: Two years. Source: Insurance Company Law of 1921, Sec. 410
Under section 406-A of Pennsylvania's Insurance Company Law, when may someone other than the applicant alter a written application for life insurance or an annuity?Answer: With the applicant's written consent. Source: Insurance Company Law of 1921, Sec. 406-A
Under section 410 of Pennsylvania's Insurance Company Law, what must be done with the application if it is to be part of a life policy?Answer: A copy is endorsed upon or attached to the policy when issued. Source: Insurance Company Law of 1921, Sec. 410
What does section 407-A of Pennsylvania's Insurance Company Law say about a life insurance illustration shown to a buyer?Answer: It may not be made part of the policy issued. Source: Insurance Company Law of 1921, Sec. 407-A
When must a Pennsylvania life policy say that settlement of a death claim will be made?Answer: Upon receipt of due proof of death. Source: Insurance Company Law of 1921, Sec. 410
Which kind of life policy is left out of the late-payment interest rule in section 411B of Pennsylvania's Insurance Company Law?Answer: Variable insurance policies. Source: Insurance Company Law of 1921, Sec. 411B
Which person does section 412 of Pennsylvania's Insurance Company Law allow to take out a policy on a child?Answer: A person liable for the support of the child. Source: Insurance Company Law of 1921, Sec. 412
Whose application does Pennsylvania generally require before a life insurance policy may be delivered in the Commonwealth?Answer: The person insured. Source: Insurance Company Law of 1921, Sec. 412
Within what time from the date of default in premium payments may a Pennsylvania life policy be reinstated under the required provision of section 410?Answer: Within three years. Source: Insurance Company Law of 1921, Sec. 410
Annuities and replacement 22
A Pennsylvania producer makes an incomplete comparison of policies to get a person to drop a policy with another insurer. How does section 648-A of the Insurance Department Act grade the offense?Answer: A misdemeanor of the third degree. Source: Insurance Department Act of 1921, Sec. 648-A
A Pennsylvania replacing insurer receives an application that involves replacement. Within how long must it send the existing insurer written notice?Answer: Within 5 working days of receipt. Source: 31 Pa. Code Sec. 81.6
An individual annuity contract is delivered in Pennsylvania and replaces nothing. Section 410E gives the contractholder at least how long to send it back?Answer: At least 10 days from delivery. Source: Insurance Company Law of 1921, Sec. 410E
Does the best interest standard for annuity sales in Pennsylvania make the producer a fiduciary?Answer: No, the requirements do not create a fiduciary obligation or relationship. Source: Insurance Company Law of 1921, Sec. 403-B
For how long after an annuity transaction is completed must a Pennsylvania insurer and producer be able to produce the records behind the recommendation?Answer: Five years. Source: Insurance Company Law of 1921, Sec. 405-B
How long must a Pennsylvania replacing insurer keep copies of the replacement notice and related records under 31 Pa. Code section 81.6?Answer: At least 3 years or until the next regular examination, whichever is earlier. Source: 31 Pa. Code Sec. 81.6
In Pennsylvania's replacement regulation, what is "conservation"?Answer: An attempt by the existing insurer or its agent to dissuade a policyowner from replacing. Source: 31 Pa. Code Sec. 81.2
In weighing an annuity replacement, a Pennsylvania producer looks back over what period for an earlier exchange or replacement by the same consumer?Answer: The preceding 60 months. Source: Insurance Company Law of 1921, Sec. 403-B
Pennsylvania's replacement regulation sets a deadline for handing the applicant the Notice Regarding Replacement of Life Insurance and Annuities. What is it?Answer: Not later than at the time of taking the application. Source: 31 Pa. Code Sec. 81.4
Pennsylvania's section 403-B breaks the best interest duty for annuities into four named obligations. What are they?Answer: Care, disclosure, conflict of interest and documentation. Source: Insurance Company Law of 1921, Sec. 403-B
Under Pennsylvania's 31 Pa. Code Chapter 81, borrowing against an existing life policy counts as replacement when the loans in the aggregate exceed what share of the loan value?Answer: 25%. Source: 31 Pa. Code Sec. 81.2
Under section 404-B of Pennsylvania's Insurance Company Law, when may a penalty for an annuity recommendation violation be reduced or eliminated?Answer: When corrective action for the consumer was taken promptly after discovery. Source: Insurance Company Law of 1921, Sec. 404-B
What does Pennsylvania's 31 Pa. Code section 81.8 treat as prima facie evidence that an agent, broker or company knew replacement was involved?Answer: Patterns of replacement by policyholders of the same agent, broker or company. Source: 31 Pa. Code Sec. 81.8
What grace period must an annuity contract issued in Pennsylvania give for a stipulated payment under section 410B?Answer: Either thirty days or one month. Source: Insurance Company Law of 1921, Sec. 410B
What is the largest civil penalty the Pennsylvania commissioner may impose for each violation of the annuity best interest article?Answer: $5,000. Source: Insurance Company Law of 1921, Sec. 406-B
What must a Pennsylvania agent or broker submit with each life insurance or annuity application under 31 Pa. Code section 81.4?Answer: A statement signed by the applicant on whether replacement is involved. Source: 31 Pa. Code Sec. 81.4
What standard must a Pennsylvania producer meet when recommending an annuity?Answer: Act in the best interest of the consumer, without placing the producer's financial interest ahead. Source: Insurance Company Law of 1921, Sec. 403-B
Which kind of coverage is exempt from Pennsylvania's replacement regulation under 31 Pa. Code section 81.3?Answer: Group life insurance or group annuities. Source: 31 Pa. Code Sec. 81.3
Which of these is part of the "consumer profile information" a Pennsylvania producer gathers before recommending an annuity?Answer: Risk tolerance. Source: Insurance Company Law of 1921, Sec. 401-B
Which transaction is outside Pennsylvania's annuity best interest article under section 402-B?Answer: A direct response solicitation with no recommendation based on collected information. Source: Insurance Company Law of 1921, Sec. 402-B
Who signs the replacement notice in Pennsylvania, and where does it go?Answer: The applicant and the agent or broker sign, and it is left with the applicant. Source: 31 Pa. Code Sec. 81.4
Within what time from the date of default in stipulated payments may a Pennsylvania annuity contract be reinstated under section 410B(g)?Answer: Within one year. Source: Insurance Company Law of 1921, Sec. 410B
Accident and health provisions 23
A Pennsylvania accident and sickness policy calls itself "non-cancellable". Until what age must it be automatically renewable on payment of premiums?Answer: Age sixty. Source: Insurance Company Law of 1921, Sec. 617
A Pennsylvania employee loses group accident and sickness coverage and wants a converted individual policy. By when must the written application and first premium reach the insurer?Answer: Not later than thirty-one days after termination. Source: Insurance Company Law of 1921, Sec. 621.2
A Pennsylvania policyholder returns an accident and sickness policy within the examination period. What is the status of the policy?Answer: Void from the beginning. Source: Insurance Company Law of 1921, Sec. 617
After a claimant gives notice of claim on a Pennsylvania accident and sickness policy, within how long must the insurer furnish claim forms?Answer: Within fifteen days. Source: Insurance Company Law of 1921, Sec. 618
After a Pennsylvania accident and sickness policy is reinstated, which sickness does section 618 say it covers?Answer: Sickness that begins more than ten days after the date of reinstatement. Source: Insurance Company Law of 1921, Sec. 618
Coverage of a disabled, unmarried child continues past the limiting age of a Pennsylvania accident and sickness policy if proof of incapacity arrives how soon after the child attains that age?Answer: Within thirty-one days. Source: Insurance Company Law of 1921, Sec. 617
How long after issue does the time limit on certain defenses in a Pennsylvania accident and sickness policy bar every misstatement but a fraudulent one as a ground to void it?Answer: After three years. Source: Insurance Company Law of 1921, Sec. 618
How long does the buyer of an individual accident and sickness policy in Pennsylvania have to return it for a refund under section 617?Answer: Within ten days of its delivery. Source: Insurance Company Law of 1921, Sec. 617
The insured cancels a Pennsylvania accident and sickness policy that has the optional cancellation provision. How is the earned premium worked out?Answer: By the short-rate table. Source: Insurance Company Law of 1921, Sec. 618
The optional change of occupation provision appears in a Pennsylvania policy. After a switch to more hazardous work, how are benefits for an injury figured?Answer: The benefits the premium paid would have purchased for the more hazardous occupation. Source: Insurance Company Law of 1921, Sec. 618
Section 617 of Pennsylvania's Insurance Company Law tells an accident and sickness insurer to print a form number on each policy form. In which spot?Answer: In the lower left-hand corner of the first page. Source: Insurance Company Law of 1921, Sec. 617
Section 619 of Pennsylvania's Insurance Company Law deals with an age limit in an accident and sickness policy. If the insurer takes a premium after the age limit date, how long does coverage stay in force?Answer: Until the end of the period for which premium has been accepted. Source: Insurance Company Law of 1921, Sec. 619
To qualify for continuation under Pennsylvania's Mini-COBRA section, for how long must the employee have been continuously insured under the group policy?Answer: The entire three-month period ending with termination. Source: Insurance Company Law of 1921, Sec. 635.4
Under Pennsylvania's Mini-COBRA section for small employer group health policies, continuation generally ends how long after coverage would have terminated because of a qualifying event?Answer: Nine months. Source: Insurance Company Law of 1921, Sec. 635.4
Under Pennsylvania's Mini-COBRA section, what is the most a person on continuation may be charged?Answer: One hundred five percent of the group rate. Source: Insurance Company Law of 1921, Sec. 635.4
Under section 619.1 of Pennsylvania's Insurance Company Law, which change may not be used to reduce a disability benefit already being paid?Answer: A cost-of-living increase in Social Security benefits. Source: Insurance Company Law of 1921, Sec. 619.1
Under the "payment of claims" provision in Pennsylvania's section 618, an accident and sickness insurer may pay a relative of the insured without a court order up to what amount?Answer: $1,000. Source: Insurance Company Law of 1921, Sec. 618
Under the optional "relation of earnings to insurance" provision in Pennsylvania, the total monthly benefit of all coverage on the insured may not be reduced below the monthly benefits specified or what sum, whichever is less?Answer: Two hundred dollars. Source: Insurance Company Law of 1921, Sec. 618
Under the optional cancellation provision in Pennsylvania's section 618, how much written notice must the insurer give before a cancellation takes effect?Answer: Not less than five days. Source: Insurance Company Law of 1921, Sec. 618
What are the shortest grace periods a Pennsylvania accident and sickness policy may give for weekly, monthly and all other premium policies?Answer: 7, 10 and 31 days. Source: Insurance Company Law of 1921, Sec. 618
What is the smallest type in which the printed text of a Pennsylvania accident and sickness policy may be set under section 617?Answer: Ten-point. Source: Insurance Company Law of 1921, Sec. 617
When does a false statement in an application bar recovery on a Pennsylvania accident and sickness policy under section 622?Answer: When made with actual intent to deceive, or when it materially affected the risk. Source: Insurance Company Law of 1921, Sec. 622
Who may change a Pennsylvania accident and sickness policy under the "entire contract; changes" provision?Answer: An executive officer of the insurer, by approving the change. Source: Insurance Company Law of 1921, Sec. 618
Unfair practices and penalties 15
A Pennsylvania producer gives an applicant back part of the premium as an inducement to buy, and the policy does not provide for it. What does the Unfair Insurance Practices Act call this?Answer: A rebate of premiums. Source: Unfair Insurance Practices Act, Sec. 5
A Pennsylvania producer talks down a competitor. Which kind of statement about the competitor is an unfair practice under the law?Answer: A false statement about its financial condition that is calculated to injure it. Source: Unfair Insurance Practices Act, Sec. 5
A person neither knew nor reasonably should have known that an act was an unfair insurance practice in Pennsylvania. What is the most a court may impose for each violation?Answer: $1,000. Source: Unfair Insurance Practices Act, Sec. 11
After a hearing finds a violation of Pennsylvania's Unfair Insurance Practices Act, what order does the commissioner issue?Answer: An order to cease and desist from the violation. Source: Unfair Insurance Practices Act, Sec. 9
At what point do listed claim handling acts by an insurer become unfair claim settlement practices in Pennsylvania?Answer: When committed with such frequency as to indicate a business practice. Source: Unfair Insurance Practices Act, Sec. 5
For how many preceding years must a Pennsylvania insurer keep a complete record of all complaints it has received?Answer: Four years. Source: Unfair Insurance Practices Act, Sec. 5
In life insurance, Pennsylvania's Unfair Insurance Practices Act bans unfair discrimination between individuals who share which two things?Answer: The same class and equal expectation of life. Source: Unfair Insurance Practices Act, Sec. 5
The Pennsylvania commissioner sets a hearing on a charge of an unfair insurance practice. How soon after the date of the notice may the hearing be held?Answer: Not less than thirty days. Source: Unfair Insurance Practices Act, Sec. 8
Pennsylvania's Unfair Insurance Practices Act bans a misrepresentation made to bring about which result?Answer: The lapse, forfeiture, exchange, conversion or surrender of a policy. Source: Unfair Insurance Practices Act, Sec. 5
Pennsylvania's Unfair Insurance Practices Act requires disclosure of any reduction in the face amount when permanent life insurance is offered to people of what age?Answer: Fifty years of age or older. Source: Unfair Insurance Practices Act, Sec. 5
Under Pennsylvania's Unfair Insurance Practices Act, an insurer may not refuse or cancel a policy for which reason?Answer: The applicant or insured is a victim of abuse. Source: Unfair Insurance Practices Act, Sec. 5
Under section 647-A of Pennsylvania's Insurance Department Act, which statement about future dividends is forbidden?Answer: An estimate made with intent to deceive. Source: Insurance Department Act of 1921, Sec. 647-A
What is the largest civil penalty per violation, and the cap in any six month period, for a person who knew or should have known the act broke Pennsylvania's Unfair Insurance Practices Act?Answer: $5,000 per violation, $50,000 in the aggregate. Source: Unfair Insurance Practices Act, Sec. 11
What is the largest civil penalty the Pennsylvania commissioner may impose under section 691-A of the Insurance Department Act for each action that violates the producer licensing article?Answer: $5,000. Source: Insurance Department Act of 1921, Sec. 691-A
Which act is listed as an unfair or deceptive practice in section 5 of Pennsylvania's Unfair Insurance Practices Act?Answer: Misrepresenting an insurance policy as being shares of stock. Source: Unfair Insurance Practices Act, Sec. 5
Guaranty association 14
A member insurer receives written notice of an assessment from Pennsylvania's guaranty association. What is the shortest time the insurer has before it falls due?Answer: Not less than thirty days. Source: Insurance Company Law of 1921, Sec. 1707
A Pennsylvania life insurer becomes insolvent. Up to what amount does the guaranty association cover death benefits on any one life?Answer: $300,000. Source: Insurance Company Law of 1921, Sec. 1703
A Pennsylvania resident is covered by a health benefit plan of an insolvent insurer. What ceiling does section 1703 put on guaranty association coverage?Answer: $500,000. Source: Insurance Company Law of 1921, Sec. 1703
Disability income insurance has its own limit under section 1703 of Pennsylvania's Insurance Company Law. What will the guaranty association cover on one life?Answer: $300,000. Source: Insurance Company Law of 1921, Sec. 1703
For annuity benefits, Pennsylvania's guaranty association limit is stated in present value. How much is it per life?Answer: $250,000. Source: Insurance Company Law of 1921, Sec. 1703
In Pennsylvania's guaranty association, which costs does a Class A assessment pay?Answer: Administrative and legal costs and other expenses. Source: Insurance Company Law of 1921, Sec. 1707
In what legal form does section 1704 create Pennsylvania's guaranty association?Answer: A nonprofit, unincorporated association. Source: Insurance Company Law of 1921, Sec. 1704
Pennsylvania requires delivery of a summary document about the guaranty association. What is the latest moment for handing it to the policy owner?Answer: Prior to or at the time of delivery of the policy. Source: Insurance Company Law of 1921, Sec. 1717
Pennsylvania's guaranty association is run by a board. Section 1705 allows it how few and how many member insurers?Answer: Not less than seven nor more than eleven. Source: Insurance Company Law of 1921, Sec. 1705
Under whose immediate supervision does Pennsylvania's guaranty association operate?Answer: The commissioner. Source: Insurance Company Law of 1921, Sec. 1704
What does section 1717 of Pennsylvania's Insurance Company Law forbid a producer to do with the guaranty association?Answer: Use its existence to sell, solicit or induce the purchase of insurance. Source: Insurance Company Law of 1921, Sec. 1717
What is the most Pennsylvania's guaranty association pays in net cash surrender and net cash withdrawal values for life insurance on one life?Answer: $100,000. Source: Insurance Company Law of 1921, Sec. 1703
What warning must the summary document about Pennsylvania's guaranty association give a buyer who is choosing an insurer?Answer: Do not rely on coverage under the association when selecting an insurer. Source: Insurance Company Law of 1921, Sec. 1717
Why must a life or health insurer be a member of Pennsylvania's guaranty association?Answer: Membership is a condition of its license or authority to transact insurance. Source: Insurance Company Law of 1921, Sec. 1704
How this list was compiled: Pennsylvania statutes: The Insurance Department Act of 1921 (Act 285, Article VI-A on insurance producers), The Insurance Company Law of 1921 (Act 284: Article IV on life insurance and annuities, Articles IV-A and IV-B, Article VI on accident and health insurance, Article XVII on the Life and Health Insurance Guaranty Association) and the Unfair Insurance Practices Act (Act 205 of 1974), read on the General Assembly website legis.state.pa.us, with 31 Pa. Code Chapter 81 (replacement of life insurance and annuities) read on pacodeandbulletin.gov, on October 4, 2026. Licence: Own work. Every question, wrong choice and explanation was written for this site from the text of the law. Nothing comes from a testing vendor, a prep course or an exam question pool.
How it works
A PA life and health insurance exam study guide in question form, on the law only: 136 free unofficial questions written from Pennsylvania's insurance acts and 31 Pa. Code Chapter 81. Policy types, underwriting and textbook theory are not asked.
Read the full guide
What the Pennsylvania law questions cover
Six groups: producer licensing and continuing education, life policy provisions, annuities and replacement, accident and health provisions, unfair practices and penalties, and the guaranty association. Replacement questions come from 31 Pa. Code Chapter 81, rebate questions from the Unfair Insurance Practices Act. Missed questions wait in their own pile.
Studying for life insurance alone
For the PA health and life insurance exam taken one line at a time, set the topic filter to Life policy provisions, then Annuities and replacement, or to Accident and health provisions. Each answer names its act and section and links to the text.
Continuing education: 24 credit hours each two-year license period, at least 3 on ethics (Insurance Department Act, section 608-A).
Life policy free look: at least 10 days, 45 on a same-insurer replacement, 20 when another insurer's policy is replaced (Insurance Company Law, section 410D).
Time limit on certain defenses in an accident and sickness policy: three years. Life incontestability: two (Insurance Company Law, sections 618 and 410).
Questions and answers
Is this PA life insurance exam practice test free?
Yes. All 136 practice questions are free and unofficial, and each answer names the act and section it comes from.
How many questions are on the PA life and health insurance exam?
This page does not give that number. No section read for this bank sets the exam's length, time limit or pass mark, and none was copied from the Pennsylvania Insurance Department. Exam mode draws 25 questions as a set size only.
Does Pennsylvania require a prelicensing course before the exam?
Section 604-A of the Insurance Department Act no longer sets one: its subsection on preexamination education was deleted by an amendment of October 31, 2024. The section still requires passing the licensing examination before applying for a license.
How many continuing education hours does a Pennsylvania producer need?
24 credit hours of approved continuing education for each two-year license period, at least 3 of them on ethics, under section 608-A of the Insurance Department Act. Up to 24 excess credit hours may be carried forward to the next period.
Are these the real Pennsylvania insurance exam questions?
No. Nobody here has seen the state exam. The questions were written from Pennsylvania statutes and 31 Pa. Code, and the Pennsylvania Insurance Department did not write or review them.