PA APPRAISERS LICENSE EXAMINATION TEST
2026 FULL QUESTIONS AND CORRECT
ANSWERS
▶ An insurance agent agrees to pay the first monthly premium for an
insurance applicant. This is called a(n) Answer: rebate
▶ Suitability is Answer: obtaining information from the applicant to
determine whether an insurance or annuity product is appropriate
▶ Insurance agent Kelly offers insured a $500 shopping card if they
purchase an insurance product through her. What is this an example of?
Answer: rebating, which is an unfair trade practice
▶ All of the following may be an unfair claims practice EXCEPT Answer:
Refusing to pay persons bringing false or fraudulent claims
▶ A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that Answer: The policyowner may
need to resume premium payments depending on actual results
▶ What is the purpose of the Ohio Life and Health Insurance Guaranty
Association Act? Answer: to protect the insured from company insolvency
▶ Under US Code 1033, crimes by or affecting persons engaged in the
business of insurance which affect interstate commerce are prosecuted by
the Answer: US Attorney General
▶ An Ohio insurance agent solicits a life insurance policy. In the event of a
controversy between the insured and the company, the agent is considered
to represent the Answer: company
▶ The superintendent is REQUIRED to examine domestic insurers AT
LEAST every Answer: 3 years
▶ A life insurance policy loan shall bear interest at a specified rate, NOT in
excess of Answer: 8%
2026 FULL QUESTIONS AND CORRECT
ANSWERS
▶ An insurance agent agrees to pay the first monthly premium for an
insurance applicant. This is called a(n) Answer: rebate
▶ Suitability is Answer: obtaining information from the applicant to
determine whether an insurance or annuity product is appropriate
▶ Insurance agent Kelly offers insured a $500 shopping card if they
purchase an insurance product through her. What is this an example of?
Answer: rebating, which is an unfair trade practice
▶ All of the following may be an unfair claims practice EXCEPT Answer:
Refusing to pay persons bringing false or fraudulent claims
▶ A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that Answer: The policyowner may
need to resume premium payments depending on actual results
▶ What is the purpose of the Ohio Life and Health Insurance Guaranty
Association Act? Answer: to protect the insured from company insolvency
▶ Under US Code 1033, crimes by or affecting persons engaged in the
business of insurance which affect interstate commerce are prosecuted by
the Answer: US Attorney General
▶ An Ohio insurance agent solicits a life insurance policy. In the event of a
controversy between the insured and the company, the agent is considered
to represent the Answer: company
▶ The superintendent is REQUIRED to examine domestic insurers AT
LEAST every Answer: 3 years
▶ A life insurance policy loan shall bear interest at a specified rate, NOT in
excess of Answer: 8%
