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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Basics | 8% | - Individual underwriting by the insurer - Factors in premium determination - Insurable interest - Determining amount of personal life insurance - Personal uses of life insurance - Licensee responsibilities - Differences in life insurance policies - Premiums - Business uses of life insurance |
| Topic 2: Insurance Regulation | 8% | - Licensing - Federal regulation - State regulation |
| Topic 3: Life Insurance Policies | 11% | - Specialized policies - Whole life insurance - Term life insurance - Flexible premium policies - Group life insurance |
| Topic 4: Annuities | - Annuity principles and concepts - Annuity products - Annuity taxation | |
| Topic 5: Individual Health Insurance Policy General Provisions | - Optional provisions - Other provisions - Uniform required provisions | |
| Topic 6: Group Health Insurance | - Group health insurance plans - Group health insurance concepts - Group health insurance provisions | |
| Topic 7: Specialized Health Insurance for Qualified Individuals | - HIPAA - Medicare - Medicaid - Long-term care insurance | |
| Topic 8: General Insurance | 6% | - Insurers - Contracts - Concepts - Agents and general rules of agency |
| Topic 9: Pennsylvania Statutes, Rules and Regulations Common to Life, Accident and Health | 30% | - Pennsylvania Insurance Department - Agent conduct and trade practices - Penalties and offenses - Unfair trade practices - Licensing requirements |
| Topic 10: Health Insurance Basics | - Health insurance concepts - Disability income insurance - Social insurance - Medical expense insurance - Policy provisions and riders |
1. In Pennsylvania, payment on an Accelerated Death Benefit Rider may NOT be less than what percentage of the total death benefit?
A) 10
B) 25
C) 75
D) 60
2. What is the annuity payment option that provides an income for a guaranteed period of time whether or not the annuitant is alive?
A) Joint and survivor
B) Refund life
C) Period certain
D) Life income
3. A violation of the annuity suitability laws may be determined by
A) the insurer that issued the annuity.
B) a hearing before the Insurance Commissioner.
C) an independent agency.
D) the consumer's accountant
4. Which rider includes coverage for the insured's spouse and children?
A) Guaranteed insurability
B) Payor benefit
C) Jumping juvenile
D) Family
5. Which of the following gives the policyowner access to the cash value that accumulates inside the policy without having to terminate the policy?
A) Policy Loans.
B) Reduced Paid-up Insurance.
C) Spendthrift Clause.
D) Fixed-period Installments.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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