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PA Accident & Health Insurance License Practice Questions and Correct Answers
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8

October 2024

2024/2025

A+
Reserve Is funds held by the company to help fulfill future claims. Minimum are Set by state department. ($ in the bucket) Stock Companies owned by stockholders, fixed premium, nonparticipating policies. Nonparticipating Plan The insured is NOT entitled to share in the divisible surplus of the company ( No $ back from the bucket) Multi-line insurers Companies that sell more than one line of insurance ( One-stop shop) Mutual Companies The owners are the policyholders. Is both customer...
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