PA APPRAISERS LICENSE TEST PAPER 2026
QUESTIONS AND SOLUTIONS COMPLETE
REVIEW
▶ No existing agent's license will be revoked until Answer: the agent has
been afforded a right to a hearing on the charges
▶ What is the term used when exchanging a new policy for one already in
force? Answer: replacement
▶ A deliberate lie by an insured to the insurer to obtain a lower premium is
an example of Answer: fraud
▶ 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
QUESTIONS AND SOLUTIONS COMPLETE
REVIEW
▶ No existing agent's license will be revoked until Answer: the agent has
been afforded a right to a hearing on the charges
▶ What is the term used when exchanging a new policy for one already in
force? Answer: replacement
▶ A deliberate lie by an insured to the insurer to obtain a lower premium is
an example of Answer: fraud
▶ 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
