PA APPRAISERS LICENSE PRACTICE SOLUTION
SET 2026 QUESTIONS WITH ANSWERS GRADED
A+
▶ Who may terminate an agent's appointment? Answer: insurer
▶ An agent must submit notification of a change of business address within
a MAXIMUM of how many days after the change? Answer: 30
▶ What is a certificate of authority? Answer: The license required for an
insurer to conduct business in the state
▶ Before a licensed agent is eligible to transact insurance sales, they must
be Answer: appointed by an insurance company
▶ When an agent is replacing an existing ordinary life insurance policy, the
agent must take all of the following actions EXCEPT Answer: obtain the
beneficiary's signature on a summary of all policies to be replaced
▶ 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
SET 2026 QUESTIONS WITH ANSWERS GRADED
A+
▶ Who may terminate an agent's appointment? Answer: insurer
▶ An agent must submit notification of a change of business address within
a MAXIMUM of how many days after the change? Answer: 30
▶ What is a certificate of authority? Answer: The license required for an
insurer to conduct business in the state
▶ Before a licensed agent is eligible to transact insurance sales, they must
be Answer: appointed by an insurance company
▶ When an agent is replacing an existing ordinary life insurance policy, the
agent must take all of the following actions EXCEPT Answer: obtain the
beneficiary's signature on a summary of all policies to be replaced
▶ 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
