PA LIFE ACCIDENT HEALTH COMPREHENSIVE EXAM
2025/2026 QUESTIONS WITH SOLUTIONS RATED A+
✔✔AGENCY - ✔✔SITUATION WHEREIN ONE PARTY (AN AGENT) HAS THE
POWER TO ACT FOR ANOTHER (THE PRINCIPAL) IN DEALING WITH 3RD
PARTIES.
✔✔AGENT - ✔✔ANYONE NOT A DULY LICENSED BROKER, WHO SOLICITS
INSURANCE OR AIDS IN PLACING RISKS, DELIVERING POLICIES, OR
COLLECTING PREMIUMS ON BEHALF OF AN INSURANCE COMPANY.
✔✔AGENT'S REPORT - ✔✔THE SECTION OF AN INSURANCE APPLICATION
WHERE THE AGENT REPORTS PERSONAL OBSERVATIONS ABOU THE
APPLICANT.
✔✔ALEATORY - ✔✔FEATURE OF INSURANCE CONTRACTS IN THAT THERE IS
AN ELEMENT OF CHANCE FOR BOTH PARTIES AND THAT THE DOLLAR GIVEN
BY THE POLICY HOLDER(PREMIUMS) AND THE INSURER(BENEFITS) MAY NOT
BE EQUAL.
✔✔ALIEN INSURER - ✔✔COMPANY INCORPORATED OR ORGANIZED UNDER
THE LAWS OF ANY FOREIGN NATION, PROVIDENCE, OR TERRITORY.
✔✔AMBULATORY SURGERY - ✔✔SURGERY PERFORMED ON AN OUTPATIENT
BASIS.
✔✔ANNUAL RENERABLE TERM (ART) - ✔✔A FORM OF RENERABLE TERM
INSURANCE THAT PROVIDES COVERAGE FOR ONE YEAR AND ALLOWS THE
POLICYOWNER TO RENEW COVERAGE EACH YEAR. AKA YEARLY RENEWABLE
TERM (YRT).
✔✔ANNUITANT - ✔✔ONE TO WHOM AN ANNUITY IS PAYABLE, OR A PERSON
UPON THE CONTINUANCE OF WHOSE LIFE FURTHER PAYMENT DEPENDS
✔✔ANNUITY - ✔✔A CONTRACT THAT PROVIDES A STIPULATED SUM PAYABLE
AT CERTAIN REGULAR INTERVALS DURING THE LIFETIME OF ONE OR MORE
PERSONS, OR PAYABLE FOR A SPECIFIED PERIOD ONLY.
✔✔ANNUITY UNIT - ✔✔THE NUMBER OF ANNUITY UNITS DENOTES THE SHARE
OF THE FUNDS THE ANNUITANT WILL RECEIVE FROMA VARIABLE ANNUITY
ACCOUNT AFTER THE ACCUMULATION PERIOD ENDS BENEFITS BEGIN. A
FORMULA IS USED TO CONVERT ACCUMULATION UNITS TO ANNUITY UNITS.
✔✔ANY OCCUPATION - ✔✔A DEFINITION OF TOTAL DISABILITY THAT REQUIRES
THAT FOR DISABILITY INCOME BENEFITS TO BE PAYABLE, THE INSURED MUST
, BE UNABLE TO PERFORM ANY JOBS FOR WHICH THE INSURED IS
"REASONABLY SUITED BY REASON OF EDUCATION, TRAINING, OR
EXPERIENCE"
✔✔APPARENT AUTHORITY - ✔✔THE AUTHORITY AN AGENT APPEARS TO HAVE
BASED ON THE PRINCIPAL'S(INSURER'S) ACTIONS, WORDS, DEEDS, OR
BECAUSE OF CIRCUMSTANCES THE PRINCIPAL CREATED.
✔✔APPLICATION - ✔✔FORM SUPPLIED BY THE INSURANCE CO, USUALLY
FILLED IN BY THE AGENT AND A MEDICAL EXAMINER ON THE BASIS OF INFO
RECEIVED FROM THE APPLICANT AND IS PART OF THE INSURANCE POLICY IF
IT IS ISSUED. IT GIVES INFORMATION TO THE HOME OFFICE UNDERWRITING
DEPT SO IT MAY CONSIDER WHETHER AN INSURANCE POLICY WILL BE ISSUED
AND, IF SO, IN WHAT CLASSIFICATION AND AT WHAT PREMIUM RATE.
✔✔APPOINTMENT - ✔✔THE AUTHORIZATION OR CERTIFICATION OF AN AGENT
TO ACT FOR OR REPRESENT AND INSURANCE CO
✔✔APPROVAL RECEIPT - ✔✔RARELY USED TODAY, A TYPE OF CONDITIONAL
RECEIPT THAT PROVIDES THAT COVERAGE IS EFFECTIVE AS OF THE DATE OF
THE APPLICATION IS APPROVED (BEFORE DELIVERY)
✔✔ASSESSMENT INSURANCE - ✔✔PLAN BY WHICH EITHER THE AMOUNT OF
INSURANCE IS VARIABLE OR THE NUMBER AND AMOUNT OF THE
ASSESSMENTS ARE VARIABLE. IT IS OFFERED BY ASSESSMENT ASSOCS,
EITHER PURE OR ADVANCE.
✔✔ASSIGNEE - ✔✔PERSON (INCLUDING CORP, PARTNERSHIPS, OR OTHER
ORGANIZATION) TO WHOM A RIGHT OR RIGHTS UNDER A POLICY ARE
TRANSFERRED BY MEANS OF ASSIGNMENT.
✔✔ASSIGNMENT - ✔✔SIGNED TRANSFER OF BENEFITS OF A POLICY BY AN
INSURED TO ANOTHER PARTY. THE COMPANY DOES NOT GUARANTEE THE
VALIDITY OF AN ASSIGMENT
✔✔ASSIGNMENT PROVISON(HEALTH CONTRACTS) - ✔✔COMMERCIAL HEALTH
POLICY PROVISION THAT ALLOWS THE POLICYOWNER TO ASSIGN BENEFIT
PAYMENTS FROM THE INSURER DIRECTLY TO THE HEALTH CARE PROVIDER
✔✔ASSIGNOR - ✔✔PERSON (INCLUDING CORP, PARTNERSHIP, OR OTHER
ORGANIZATION) WHO TRANSFERS A RIGHT OR RIGHTS UNDER AN INSURANCE
POLICY TO ANOTHER BY MEANS OF ASSIGNMENT.
✔✔ATTAINED AGE - ✔✔WITH REFERENCE TO AN INSURED, THE CURRENT
INSURANCE AGE.
2025/2026 QUESTIONS WITH SOLUTIONS RATED A+
✔✔AGENCY - ✔✔SITUATION WHEREIN ONE PARTY (AN AGENT) HAS THE
POWER TO ACT FOR ANOTHER (THE PRINCIPAL) IN DEALING WITH 3RD
PARTIES.
✔✔AGENT - ✔✔ANYONE NOT A DULY LICENSED BROKER, WHO SOLICITS
INSURANCE OR AIDS IN PLACING RISKS, DELIVERING POLICIES, OR
COLLECTING PREMIUMS ON BEHALF OF AN INSURANCE COMPANY.
✔✔AGENT'S REPORT - ✔✔THE SECTION OF AN INSURANCE APPLICATION
WHERE THE AGENT REPORTS PERSONAL OBSERVATIONS ABOU THE
APPLICANT.
✔✔ALEATORY - ✔✔FEATURE OF INSURANCE CONTRACTS IN THAT THERE IS
AN ELEMENT OF CHANCE FOR BOTH PARTIES AND THAT THE DOLLAR GIVEN
BY THE POLICY HOLDER(PREMIUMS) AND THE INSURER(BENEFITS) MAY NOT
BE EQUAL.
✔✔ALIEN INSURER - ✔✔COMPANY INCORPORATED OR ORGANIZED UNDER
THE LAWS OF ANY FOREIGN NATION, PROVIDENCE, OR TERRITORY.
✔✔AMBULATORY SURGERY - ✔✔SURGERY PERFORMED ON AN OUTPATIENT
BASIS.
✔✔ANNUAL RENERABLE TERM (ART) - ✔✔A FORM OF RENERABLE TERM
INSURANCE THAT PROVIDES COVERAGE FOR ONE YEAR AND ALLOWS THE
POLICYOWNER TO RENEW COVERAGE EACH YEAR. AKA YEARLY RENEWABLE
TERM (YRT).
✔✔ANNUITANT - ✔✔ONE TO WHOM AN ANNUITY IS PAYABLE, OR A PERSON
UPON THE CONTINUANCE OF WHOSE LIFE FURTHER PAYMENT DEPENDS
✔✔ANNUITY - ✔✔A CONTRACT THAT PROVIDES A STIPULATED SUM PAYABLE
AT CERTAIN REGULAR INTERVALS DURING THE LIFETIME OF ONE OR MORE
PERSONS, OR PAYABLE FOR A SPECIFIED PERIOD ONLY.
✔✔ANNUITY UNIT - ✔✔THE NUMBER OF ANNUITY UNITS DENOTES THE SHARE
OF THE FUNDS THE ANNUITANT WILL RECEIVE FROMA VARIABLE ANNUITY
ACCOUNT AFTER THE ACCUMULATION PERIOD ENDS BENEFITS BEGIN. A
FORMULA IS USED TO CONVERT ACCUMULATION UNITS TO ANNUITY UNITS.
✔✔ANY OCCUPATION - ✔✔A DEFINITION OF TOTAL DISABILITY THAT REQUIRES
THAT FOR DISABILITY INCOME BENEFITS TO BE PAYABLE, THE INSURED MUST
, BE UNABLE TO PERFORM ANY JOBS FOR WHICH THE INSURED IS
"REASONABLY SUITED BY REASON OF EDUCATION, TRAINING, OR
EXPERIENCE"
✔✔APPARENT AUTHORITY - ✔✔THE AUTHORITY AN AGENT APPEARS TO HAVE
BASED ON THE PRINCIPAL'S(INSURER'S) ACTIONS, WORDS, DEEDS, OR
BECAUSE OF CIRCUMSTANCES THE PRINCIPAL CREATED.
✔✔APPLICATION - ✔✔FORM SUPPLIED BY THE INSURANCE CO, USUALLY
FILLED IN BY THE AGENT AND A MEDICAL EXAMINER ON THE BASIS OF INFO
RECEIVED FROM THE APPLICANT AND IS PART OF THE INSURANCE POLICY IF
IT IS ISSUED. IT GIVES INFORMATION TO THE HOME OFFICE UNDERWRITING
DEPT SO IT MAY CONSIDER WHETHER AN INSURANCE POLICY WILL BE ISSUED
AND, IF SO, IN WHAT CLASSIFICATION AND AT WHAT PREMIUM RATE.
✔✔APPOINTMENT - ✔✔THE AUTHORIZATION OR CERTIFICATION OF AN AGENT
TO ACT FOR OR REPRESENT AND INSURANCE CO
✔✔APPROVAL RECEIPT - ✔✔RARELY USED TODAY, A TYPE OF CONDITIONAL
RECEIPT THAT PROVIDES THAT COVERAGE IS EFFECTIVE AS OF THE DATE OF
THE APPLICATION IS APPROVED (BEFORE DELIVERY)
✔✔ASSESSMENT INSURANCE - ✔✔PLAN BY WHICH EITHER THE AMOUNT OF
INSURANCE IS VARIABLE OR THE NUMBER AND AMOUNT OF THE
ASSESSMENTS ARE VARIABLE. IT IS OFFERED BY ASSESSMENT ASSOCS,
EITHER PURE OR ADVANCE.
✔✔ASSIGNEE - ✔✔PERSON (INCLUDING CORP, PARTNERSHIPS, OR OTHER
ORGANIZATION) TO WHOM A RIGHT OR RIGHTS UNDER A POLICY ARE
TRANSFERRED BY MEANS OF ASSIGNMENT.
✔✔ASSIGNMENT - ✔✔SIGNED TRANSFER OF BENEFITS OF A POLICY BY AN
INSURED TO ANOTHER PARTY. THE COMPANY DOES NOT GUARANTEE THE
VALIDITY OF AN ASSIGMENT
✔✔ASSIGNMENT PROVISON(HEALTH CONTRACTS) - ✔✔COMMERCIAL HEALTH
POLICY PROVISION THAT ALLOWS THE POLICYOWNER TO ASSIGN BENEFIT
PAYMENTS FROM THE INSURER DIRECTLY TO THE HEALTH CARE PROVIDER
✔✔ASSIGNOR - ✔✔PERSON (INCLUDING CORP, PARTNERSHIP, OR OTHER
ORGANIZATION) WHO TRANSFERS A RIGHT OR RIGHTS UNDER AN INSURANCE
POLICY TO ANOTHER BY MEANS OF ASSIGNMENT.
✔✔ATTAINED AGE - ✔✔WITH REFERENCE TO AN INSURED, THE CURRENT
INSURANCE AGE.
