PA Health, Life, and Accident Insurance Study Questions and Correct Answers

18 To be qualified for an insurance producer license in Pennsylvania, an individual applicant must have reached the age of Insurers In Pennsylvania, producer appointments are made by C Which of the following could be paid an insurance commission or fee? A. Lenny, a retired insurance producer who no longer maintains a license but his book of business generates policy renewals B. Patricia, an employee benefits attorney who refers a business client to a producer specializing in group insurance C. Both a and B D. Neither a nor b Insurance Commissioner Executing the insurance laws of Pennsylvania is whose responsibility? Once every 5 years Licensed insurance companies are subject to examination by the department of insurance at least C The insurance commissioner is responsible for all of the following duties except: A. Issuing certificates of authority B. Enforcing provisions of the insurance code C. Conducting insurer investigations D. Enacting insurance laws Compliance with state laws By examining insurance records, the insurance commissioner assesses the companies The states The insurance industry in the United States primarily is regulated by B Prohibition against which of the following insurance practices extends to consumers as well as Producers? A. Twisting B. Rebating C. Misrepresentation D. Defamation