PA Insurance License Prep Exam Questions and Correct Answers

Every PA insurer, upon receiving notification of a claim, must acknowledge receipt of the notice within: a. 10 days b. 15 days c. 30 days d. 45 days a. 10 days The Free Look period in PA for individual health insurance policies is __ days. a. 5 b. 10 c. 15 d. 20 b. 10 A resident producer license requires each of the following EXCEPT: a. Applicant receiving a passing score on state exam b. Satisfied prelicensing education requirements c. Fingerprint submission d. Insurer appointment d. Insurer appointment Under PA statute, first year commission for long-term care insurance may not be greater than: a. 20% of the first year premium b. 30% of the first year premium c. 40% of the first year premium d. 50% of the first year premium d. 50% of the first year premium When a Medicare Supplement insurance policy is being replaced, who must sign the notice of replacement? a. The head underwriter b. The applicant only c. The producer only d. The producer and the applicant d. The producer and the applicant Which of the following is required for an insurer to conduct business in this state? a. Certificate of admission b. Certificate of domestication c. Certificate of authenticity d. Certificate of authority d. Certificate of authority If a health policy is reinstated after it had lapsed for nonpayment, there is a waiting period of __ days before a claim covering sickness will be covered. a. 6 days b. 8 days c. 10 days d. 12 days c. 10 days What