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Insurance Exam Quest
Question | Answer |
---|---|
A producer's license cannot be revoked without | a hearing given to the producer |
A producer's license cannot be revoked without | a hearing given to the producer |
The free look period in a life insurance policy is usually | 10 days |
According to the Affordable Care Act, what is the maximum amount an individual can contribute to a flexible savings account | 2500 |
According to the Affordable Care Act, what is the maximum amount an individual can contribute to a flexible savings account | 2500 |
What is the purpose of the Pennsylvania Life and Health insurance Guaranty | Provide policyowner protection if an insurer becomes insolvent |
What is the purpose of the Pennsylvania Life and Health insurance Guaranty | Provide policyowner protection if an insurer becomes insolvent |
when soliciting insurance a producer cannot | emphasize Guaranty Association Benefits |
when soliciting insurance a producer cannot | emphasize Guaranty Association Benefits |
In Pennsylvania, accident and health plans are required to provide mammograms for women starting at age | 40 |
In Pennsylvania, accident and health plans are required to provide mammograms for women starting at age | 40 |
Holding premium funds for timely submission to the insurer is example of | Acting in a fiduciary capacity |
Holding premium funds for timely submission to the insurer is example of | Acting in a fiduciary capacity |
In Pennsylvania, the definition of total disability changes from one's "own occupation" to "any occupation" by reason of one's education, training and experience after what period of time | 24 Months |
In Pennsylvania, no Legal Action may be taken against an insurer for failure to honor a valid claim after the expiration of how many years from the time proof of loss is furnished | 3 years |
in pennsylvania an insurance producer license can be denied for failure to pay | Property Tax |
A Pennsylvania temporary producer license may be issued for a period not to exceed | 180 days |
In Pennsylvania, an insurer may backdate policy issue not more than how many months from the date of a life insurance application | 6 Months |
In Pennsylvania, the Time Limit on Certain Defenses provision provides that no misstatements (EXCEPT fraud) made by the applicant on a health insurance application can be used to void the policy or deny coverage after the explanation of | 3 Years |
In Pennsylvania, an employee must request spousal coverage under a group sponsored accident and health plan within ____ days of marriage | 60 days |
Life insurance may make an immediate benefit payment before the insured dies in which transaction | Viatical Settlement |
the medicare supplement open enrollment period is the | 6 month period that begins with the month in which enrollment in part B medicare occurred, typically at age 65 |
In Pennsylvania, an employee must request spousal coverage under a group sponsored accident and health plan within ____ days of marriage | 60 days |
no long term care policy may exclude pre-existing conditions for a period of more than | 6 months |
the medicare supplement open enrollment period is the | 6 month period that begins with the month in which enrollment in part B medicare occurred, typically at age 65 |
According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? | March 23, 2010 |
no long term care policy may exclude pre-existing conditions for a period of more than | 6 months |
Within how many days must a producer report to the Commissioner any charges made against him/her | 30 days |
According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? | March 23, 2010 |
Which of the following protects a policyowner from a misrepresentation caused by an innocent mistake | Incontestable Clause |
Within how many days must a producer report to the Commissioner any charges made against him/her | 30 days |
Which of the following protects a policyowner from a misrepresentation caused by an innocent mistake | Incontestable Clause |
Which of the following is required to maintain a Producer's license in Pennsylvania | Field underwriter who solicits insurance and earns a commission |