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Insurance Licensing PA-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accident and Health Insurance30-35%- Accident insurance
- Group health insurance
- Health insurance basics
- Disability income insurance
- Medical expense plans
- Policy provisions and exclusions
- Major medical policies
Topic 2: Pennsylvania Insurance Laws and Regulations15-20%- Consumer protection rules
- Unfair trade practices
- Continuing education requirements
- Policy forms and approval
- State licensing requirements
Topic 3: General Insurance Concepts10-15%- Insurable interest
- Insurance contract law
- Risk and insurance principles
- Agent authority and responsibilities
Topic 4: Life Insurance30-35%- Policy provisions and riders
- Policy loans and cash values
- Types of life insurance policies
  • 1. Whole life
    • 2. Variable life
      • 3. Term life
        • 4. Universal life
          - Settlement options
          - Group life insurance
          - Beneficiary designations
          Topic 5: Ethics and Professional Conduct10-15%- Disclosure requirements
          - Fiduciary duties
          - Privacy and confidentiality
          - Suitability standards
          Topic 6: Annuities10-15%- Indexed annuities
          - Fixed and variable annuities
          - Taxation of annuities
          - Annuitization options

          Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

          1. An Insurance producer may NOT withdraw funds from a premium trust account to

          A) pay premium to insurers.
          B) return premiums to an insured.
          C) pay claims to an insured.
          D) return deposits to insureds.


          2. When is it appropriate for an individual to purchase term life insurance?

          A) An Individual needs an income for retirement
          B) An individual is seeking temporary protection and lower premiums.
          C) An individual is using the premiums to offer living benefits for themselves.
          D) An individual is seeking to build cash value in a policy.


          3. For Social Security purposes, a person with 40 quarters of coverage is considered

          A) partially insured.
          B) conditionally insured.
          C) currently insured.
          D) fully insured.


          4. Dividends are NOT subject to taxation because they are

          A) considered cash value reductions of policy death benefit proceeds.
          B) a guaranteed policy benefit.
          C) considered prepaid policyowner equity.
          D) equivalent to returning a premium.


          5. Which is considered an expense factor in a life insurance premium?

          A) Interest from investments
          B) commission
          C) aggregate claim amounts
          D) policy loan interest


          Solutions:

          Question # 1
          Answer: C
          Question # 2
          Answer: B
          Question # 3
          Answer: D
          Question # 4
          Answer: D
          Question # 5
          Answer: B

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