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PENNSYLVANIA STATE HEALTH AND
LIFE INSURANCE EXAM 2026
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
1. The relation of earnings to insurance provision allows the
insurance company to limit the insured's benefits to his/her
average income over what period of time? - correct answer -2
years
2. All of the following are licensing requirements for a business
entity, EXCEPT - correct answer -Having all employees
complete continuing education courses once every 2 years
3. Which agreement specifies how a business will transfer hands
when one of the owners dies or becomes disabled? - correct
answer -Disability Buy-Sell
4. All of the following are true regarding the medical Information
Bureau (MIB) Except - correct answer -MIB reports are based
upon information supplied by doctors and hospitals
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5. Which of the following services would be covered by
endodontics? - correct answer -Root Canal
6. When a producer died, his surviving spouse needed to
maintain the insurance agency until it could be sold, without
testing she could qualify for a temporary license for a max
period of - correct answer -180 days
7. A deferred annuity is surrendered by prior to annuitization.
Which of the following best describes the nonforfeiture value of
the annuity? - correct answer -The surrender value should
equal to 100% of the premium paid, minus any prior
withdrawals and surrender charges
8. Which of the following does not have to be disclosed in a long
term care policy? - correct answer -The aggregate amount of
premiums due
9. To attain currently insured status under social security, a
worker must have earned at least how many credits during the
last 13 quarters? - correct answer -6 credits
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10. A couple receives a set amount of income from their annuity.
When the wife dies the husband no longer receives annuity
payments. What type of annuity did the couple buy? - correct
answer -Joint Life
11. An Insured committed suicide one year after his life
insurance policy was issued. The insurer will... - correct answer
-Refund the premiums paid
12. Which of the following will vary the length of the grace period
in health insurance policies? - correct answer -The mode of the
premium payment
13. Which of the following is true regarding a term health policy?
- correct answer -Its nonrenewable
14. The Omnibus Budget Reconciliation Act of 1990 requires
that large group health plans must provide primary coverage
for disabled individuals under... - correct answer -Age 65 who
are not retired
PENNSYLVANIA STATE HEALTH AND
LIFE INSURANCE EXAM 2026
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
1. The relation of earnings to insurance provision allows the
insurance company to limit the insured's benefits to his/her
average income over what period of time? - correct answer -2
years
2. All of the following are licensing requirements for a business
entity, EXCEPT - correct answer -Having all employees
complete continuing education courses once every 2 years
3. Which agreement specifies how a business will transfer hands
when one of the owners dies or becomes disabled? - correct
answer -Disability Buy-Sell
4. All of the following are true regarding the medical Information
Bureau (MIB) Except - correct answer -MIB reports are based
upon information supplied by doctors and hospitals
, Page | 2
5. Which of the following services would be covered by
endodontics? - correct answer -Root Canal
6. When a producer died, his surviving spouse needed to
maintain the insurance agency until it could be sold, without
testing she could qualify for a temporary license for a max
period of - correct answer -180 days
7. A deferred annuity is surrendered by prior to annuitization.
Which of the following best describes the nonforfeiture value of
the annuity? - correct answer -The surrender value should
equal to 100% of the premium paid, minus any prior
withdrawals and surrender charges
8. Which of the following does not have to be disclosed in a long
term care policy? - correct answer -The aggregate amount of
premiums due
9. To attain currently insured status under social security, a
worker must have earned at least how many credits during the
last 13 quarters? - correct answer -6 credits
, Page | 3
10. A couple receives a set amount of income from their annuity.
When the wife dies the husband no longer receives annuity
payments. What type of annuity did the couple buy? - correct
answer -Joint Life
11. An Insured committed suicide one year after his life
insurance policy was issued. The insurer will... - correct answer
-Refund the premiums paid
12. Which of the following will vary the length of the grace period
in health insurance policies? - correct answer -The mode of the
premium payment
13. Which of the following is true regarding a term health policy?
- correct answer -Its nonrenewable
14. The Omnibus Budget Reconciliation Act of 1990 requires
that large group health plans must provide primary coverage
for disabled individuals under... - correct answer -Age 65 who
are not retired
