PA APPRAISERS LICENSE FULL SCRIPT 2026
QUESTIONS WITH SOLUTIONS AND GRADING
▶ In conjunction with an Ohio insurance license renewal, which one of the
following is the continuing education REQUIREMENT? Answer: 24 hours
every 2 years
▶ Which of the following statements about the contestability of a life
insurance policy is true? Answer: The policy can be contested by the
insurer only during the first two years of the contract
▶ In Ohio, an agent may have his/her license revoked for which of the
following acts? Answer: Failure to pay state income tax
▶ A temporary agent license can be issued in any of the following
circumstances EXCEPT Answer: a prospective agent who is enrolled in an
insurance pre-license class
▶ 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
QUESTIONS WITH SOLUTIONS AND GRADING
▶ In conjunction with an Ohio insurance license renewal, which one of the
following is the continuing education REQUIREMENT? Answer: 24 hours
every 2 years
▶ Which of the following statements about the contestability of a life
insurance policy is true? Answer: The policy can be contested by the
insurer only during the first two years of the contract
▶ In Ohio, an agent may have his/her license revoked for which of the
following acts? Answer: Failure to pay state income tax
▶ A temporary agent license can be issued in any of the following
circumstances EXCEPT Answer: a prospective agent who is enrolled in an
insurance pre-license class
▶ 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
