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PY 2025 PENNIE INDIVIDUAL MARKETPLACE
TRAINING FOR NEW AGENTS AND BROKERS
EXAM QUESTIONS WITH CORRECT VERIFIED
SOLUTIONS 100% GUARANTEED PASS
As a sole, licensed and self-employment independent agent, which account
type should you choose? a) agent b) agency manager c) assister d) entity
manager - ANS ✓b) agency manager
non-licensed office staff are permitted to have access to the Agency account
as long as the Agency Manager approves it a) true or b) false - ANS ✓b) false
As the Agency Manager, to add a new broker to your Agency account, you
should: a) advise the broker to create their own Agent account first, then
you can add them to the Agency b) advise them to call Pennie so the Contact
Center can set it up for them c) initiate the creation of the broker's account
through the Add a New Agent page d) any of the above - ANS ✓c) initiate the
creation of the broker's account through the Add a New Agent page
To avoid delays in certification, the name and PA License Number on your
TrainPA and Pennie accounts should mirror what is on your PA Insurance
Department-issued license a) true or b) false - ANS ✓a) true
when an Agent or Agency Manager is moving from one Agency to another,
they should enter the name of the new Agency in the Business Name of their
Pennie account to make the change a) true or b) false - ANS ✓b) false
when completing a Broker and Book of Business Transfer Request Form,
the following signatures are required if the Agent intends to keep their
PY 2025
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Book of Business: a) the Agent's b) an Authorized Representative of the
Agent's former Agency c) an Authorized Representative of the Agent's new
Agency d) all of the above - ANS ✓d) all of the above
As the Agency Manager, if an Agent with active deisgnations is leaving your
Agency, which if the following will occur if you do not reassign those
customers prior to their departure? a) they will be automatically
transferred to your account b) they will be automatically transferred to
another Agent's account within the Agency c) They will remain under the
Agency account, but not assigned to a specific Agent d) The agent of Record
designation will be terminated and the customer will be de-designated
entirely - ANS ✓d) The agent of Record designation will be terminated and the
customer will be de-designated entirely
if you notice that you weren't given credit for a policy on a recent
commission report, after confirming you are still the Agent of Record on the
account, you should first: a) call the Pennie Assister/Broker Line 844-844-
4440 b) email c) contact the Commissions or
Producer Relations team of the insuer d) any of the above - ANS ✓c) contact
the Commissions or Producer Relations team of the insuer
As an Agent, if you are changing agencies, you should: a) create another
agent account listing the new Agency b) ask the Agency Manager of the new
Agency to initiate a new Agent account under the agency c) ask the agency
manager of your former agency to transfer your account d) complete and
submit a broker and book of business transfer request form - ANS ✓not b)
ask the Agency Manager of the new Agency to initiate a new Agent account under
the agency
The annual open enrollment. OEP runs from a) November 1st through
January 15th b) December 1st through January 31st c) October 15th
through January 1st or d) November 1st through December 15th - ANS ✓a)
November 1st through January 15th
PY 2025
PY
PY 2025 PENNIE INDIVIDUAL MARKETPLACE
TRAINING FOR NEW AGENTS AND BROKERS
EXAM QUESTIONS WITH CORRECT VERIFIED
SOLUTIONS 100% GUARANTEED PASS
As a sole, licensed and self-employment independent agent, which account
type should you choose? a) agent b) agency manager c) assister d) entity
manager - ANS ✓b) agency manager
non-licensed office staff are permitted to have access to the Agency account
as long as the Agency Manager approves it a) true or b) false - ANS ✓b) false
As the Agency Manager, to add a new broker to your Agency account, you
should: a) advise the broker to create their own Agent account first, then
you can add them to the Agency b) advise them to call Pennie so the Contact
Center can set it up for them c) initiate the creation of the broker's account
through the Add a New Agent page d) any of the above - ANS ✓c) initiate the
creation of the broker's account through the Add a New Agent page
To avoid delays in certification, the name and PA License Number on your
TrainPA and Pennie accounts should mirror what is on your PA Insurance
Department-issued license a) true or b) false - ANS ✓a) true
when an Agent or Agency Manager is moving from one Agency to another,
they should enter the name of the new Agency in the Business Name of their
Pennie account to make the change a) true or b) false - ANS ✓b) false
when completing a Broker and Book of Business Transfer Request Form,
the following signatures are required if the Agent intends to keep their
PY 2025
, 2
PY
Book of Business: a) the Agent's b) an Authorized Representative of the
Agent's former Agency c) an Authorized Representative of the Agent's new
Agency d) all of the above - ANS ✓d) all of the above
As the Agency Manager, if an Agent with active deisgnations is leaving your
Agency, which if the following will occur if you do not reassign those
customers prior to their departure? a) they will be automatically
transferred to your account b) they will be automatically transferred to
another Agent's account within the Agency c) They will remain under the
Agency account, but not assigned to a specific Agent d) The agent of Record
designation will be terminated and the customer will be de-designated
entirely - ANS ✓d) The agent of Record designation will be terminated and the
customer will be de-designated entirely
if you notice that you weren't given credit for a policy on a recent
commission report, after confirming you are still the Agent of Record on the
account, you should first: a) call the Pennie Assister/Broker Line 844-844-
4440 b) email c) contact the Commissions or
Producer Relations team of the insuer d) any of the above - ANS ✓c) contact
the Commissions or Producer Relations team of the insuer
As an Agent, if you are changing agencies, you should: a) create another
agent account listing the new Agency b) ask the Agency Manager of the new
Agency to initiate a new Agent account under the agency c) ask the agency
manager of your former agency to transfer your account d) complete and
submit a broker and book of business transfer request form - ANS ✓not b)
ask the Agency Manager of the new Agency to initiate a new Agent account under
the agency
The annual open enrollment. OEP runs from a) November 1st through
January 15th b) December 1st through January 31st c) October 15th
through January 1st or d) November 1st through December 15th - ANS ✓a)
November 1st through January 15th
PY 2025
