WebCe Exam Prep questions with answers

WebCe Exam Prep questions with |\ |\ |\ |\ |\




answers


While completing an application for a health insurance policy, Dan
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discloses his partial blindness. The insurer will treat his blindness as
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a: - CORRECT ANSWERS ✔✔Physical Hazard
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ABC insurance company fires Renee, a producer. She continues to
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interviews prospects, make sale presentations with company
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materials, and collect premiums. When dealing with Renee, the
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prospects believe that she has what kind of authority from ABC -
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CORRECT ANSWERS ✔✔apperant |\ |\




Which two parties form a contract for life insurance - CORRECT
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ANSWERS ✔✔Insurer and policyowner |\ |\ |\




Mark knowingly exceeds his actual authority when dealing with a
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client. His actions cause a loss to the insurance company he
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represents. Which statement is correct. - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\



✔✔The company may be liable for marks actions
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Life and health insurance companies regulate themselves through
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each of the following entities or organizations EXCEPT: - CORRECT
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ANSWERS ✔✔Financial Industry Regulatory Authority (FINRA)
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,An agent who sells insurance for an insurance company that does
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not have a certificate of authority to operate in the state represents: -
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CORRECT ANSWERS ✔✔Non-admitted Insurer
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Which is not an example of a hazard - CORRECT ANSWERS
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✔✔John takes medication to control high blood pressure
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Which person would not be considered competent to enter into an
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insurance contract - CORRECT ANSWERS ✔✔A person under the
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influence of alcohol |\ |\




The Insurance Commissioner cannot suspend or revoke an agent's
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license for which of the following reasons?
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A. Failing to meet projected sales goals
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B. Having an agent's license denied or suspended in another state
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C. Forging an individual's name on an insurance application
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D. Accepting insurance from an unlicensed individual - CORRECT
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ANSWERS ✔✔A. Failing to meet projected sales goals |\ |\ |\ |\ |\ |\ |\




Which of the following is not a remedy available to the
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Pennsylvania commissioner of insurance for committing an unfair |\ |\ |\ |\ |\ |\ |\ |\



method of competition - CORRECT ANSWERS ✔✔imprisonment
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, Persons who commit crimes of dishonesty while engaged in
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interstate insurance transactions can be sentenced to all of the
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following except - CORRECT ANSWERS ✔✔Imprisonment for up
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to 25 years
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If a person buys a new life insurance policy to replace an existing
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one, the producer must give the applicant the Notice Regarding
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Replacement form no later than when? - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\ |\



✔✔When the application is taken |\ |\ |\ |\




Agent Jill received a letter from the department of insurance asking
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her to submit verification of having completed the continuing
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education requirements for the previous licensing period. Three
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weeks later, the department sent another letter. Which penalty may
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the department impose if Jill still has not responded to its request
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one month later? - CORRECT ANSWERS ✔✔A fine of up to $100
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per day violation
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Which of the following is not an unfair claims settlement practice if
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committed by an insurance company in Pennsylvania? - CORRECT
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ANSWERS ✔✔failing to promptly settle a claim for which liability
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is uncertain
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