Insurance Exam - Pennsylvania Laws and Rules Questions and Correct Answers

What is the required action to be taken by a Pennsylvania licensee before operating under an assumed business name? Notify Commissioner Group dental plans will frequently place a limit on annual benefits in order to minimize adverse selection In Pennsylvania, HIPAA law requires that an individual's prior creditable coverage may reduce the maximum pre-existing condition exclusion period that a new group health plan can apply. This rule is applicable as long as there has been no gap in creditable coverage for a period greater than 63 days Which of the following is required to maintain a producer's license in Pennsylvania? Field underwriter, who solicits insurance and earns a commission Which of the following provisions protects a Pennsylvania policyowner from an innocent mistake made on the application over 2 years ago? Incontestability provision If the Insurance Department determines that the issuance of a temporary producer license serves in the public's best interest, the license may be issued to an executor of a deceased producer's estate The document that describes policy features, benefits, exclusions and riders in a Long-Term care policy is known as the Outline of coverage The Medicare Supplement open enrollment period is the 6 month period that begins with the month in which enrollment in Part B Medicare occurred, typically at age 65 For licensing purposes, if an applicant has a home or office location in the state of Pennsylvania, this would be consistent with which of the following? Home state Every Pennsylvania insurer, upon receiving notification of a claim, must acknowledge receipt of the notice within 10 days In Pennsylvania, health insurance advertisements are required to contain the insurance company's name Who can receive an insurance commission? producer