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2026
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Terms in this set (110)
Physical Hazard While completing an application for a health
insurance policy, Dan discloses his partial
blindness. The insurer will treat his blindness as
a:
apperant ABC insurance company fires Renee, a
producer. She continues to interviews
prospects, make sale presentations with
company materials, and collect premiums.
When dealing with Renee, the prospects
believe that she has what kind of authority from
ABC
Insurer and policyowner Which two parties form a contract for life
insurance
The company may be liable for Mark knowingly exceeds his actual authority
marks actions when dealing with a client. His actions cause a
loss to the insurance company he represents.
Which statement is correct.
,Financial Industry Regulatory Life and health insurance companies regulate
Authority (FINRA) themselves through each of the following
entities or organizations EXCEPT:
Non-admitted Insurer An agent who sells insurance for an insurance
company that does not have a certificate of
authority to operate in the state represents:
John takes medication to control Which is not an example of a hazard
high blood pressure
A person under the influence of Which person would not be considered
alcohol competent to enter into an insurance contract
A. Failing to meet projected sales The Insurance Commissioner cannot suspend
goals or revoke an agent's license for which of the
following reasons?
A. Failing to meet projected sales goals
B. Having an agent's license denied or
suspended in another state
C. Forging an individual's name on an insurance
application
D. Accepting insurance from an unlicensed
individual
imprisonment Which of the following is not a remedy
available to the Pennsylvania commissioner of
insurance for committing an unfair method of
competition
, Imprisonment for up to 25 years Persons who commit crimes of dishonesty
while engaged in interstate insurance
transactions can be sentenced to all of the
following except
When the application is taken If a person buys a new life insurance policy to
replace an existing one, the producer must
give the applicant the Notice Regarding
Replacement form no later than when?
A fine of up to $100 per day Agent Jill received a letter from the department
violation of insurance asking her to submit verification of
having completed the continuing education
requirements for the previous licensing period.
Three weeks later, the department sent another
letter. Which penalty may the department
impose if Jill still has not responded to its
request one month later?
failing to promptly settle a claim Which of the following is not an unfair claims
for which liability is uncertain settlement practice if committed by an
insurance company in Pennsylvania?
12 months An insurer must notify its current customers of
its privacy policies or practices at least once
every how often?
File a notice of appointment with Acme insurance company wants to employ
the department Anthony as a producer. To do so, what action
must acme take?
Correct Answers | Verified | Latest Update
2026
Save
Terms in this set (110)
Physical Hazard While completing an application for a health
insurance policy, Dan discloses his partial
blindness. The insurer will treat his blindness as
a:
apperant ABC insurance company fires Renee, a
producer. She continues to interviews
prospects, make sale presentations with
company materials, and collect premiums.
When dealing with Renee, the prospects
believe that she has what kind of authority from
ABC
Insurer and policyowner Which two parties form a contract for life
insurance
The company may be liable for Mark knowingly exceeds his actual authority
marks actions when dealing with a client. His actions cause a
loss to the insurance company he represents.
Which statement is correct.
,Financial Industry Regulatory Life and health insurance companies regulate
Authority (FINRA) themselves through each of the following
entities or organizations EXCEPT:
Non-admitted Insurer An agent who sells insurance for an insurance
company that does not have a certificate of
authority to operate in the state represents:
John takes medication to control Which is not an example of a hazard
high blood pressure
A person under the influence of Which person would not be considered
alcohol competent to enter into an insurance contract
A. Failing to meet projected sales The Insurance Commissioner cannot suspend
goals or revoke an agent's license for which of the
following reasons?
A. Failing to meet projected sales goals
B. Having an agent's license denied or
suspended in another state
C. Forging an individual's name on an insurance
application
D. Accepting insurance from an unlicensed
individual
imprisonment Which of the following is not a remedy
available to the Pennsylvania commissioner of
insurance for committing an unfair method of
competition
, Imprisonment for up to 25 years Persons who commit crimes of dishonesty
while engaged in interstate insurance
transactions can be sentenced to all of the
following except
When the application is taken If a person buys a new life insurance policy to
replace an existing one, the producer must
give the applicant the Notice Regarding
Replacement form no later than when?
A fine of up to $100 per day Agent Jill received a letter from the department
violation of insurance asking her to submit verification of
having completed the continuing education
requirements for the previous licensing period.
Three weeks later, the department sent another
letter. Which penalty may the department
impose if Jill still has not responded to its
request one month later?
failing to promptly settle a claim Which of the following is not an unfair claims
for which liability is uncertain settlement practice if committed by an
insurance company in Pennsylvania?
12 months An insurer must notify its current customers of
its privacy policies or practices at least once
every how often?
File a notice of appointment with Acme insurance company wants to employ
the department Anthony as a producer. To do so, what action
must acme take?
