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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. All of the following statements about Health Maintenance Organizations (HMOs) are true EXCEPT
A) Out-of-pocket expenses are limited as long as the network is utilized.
B) Members receive care from providers in the HMO network.
C) Members pay higher monthly fees when out-of-network providers are utilized.
D) Members pay fixed monthly fees to the HMO.
2. Which rider includes coverage for the insured's spouse and children?
A) Family
B) Jumping juvenile
C) Payor benefit
D) Guaranteed insurability
3. Nearly every life insurer in the United States belongs to the
A) Securities Exchange Commission.
B) Centers for Medicare and Medicaid Services.
C) Medical Information Bureau.
D) National Association of Insurance Commissioners.
4. An Insurance licensee must do all of the following in order to renew an insurance license EXCEPT
A) hold active insurer appointment(s).
B) submit to the department a completed renewal form.
C) complete the continuing education requirements, if applicable.
D) pay the required renewal fee.
5. What is the tax penalty for an early withdrawal of a qualified plan?
A) 25%
B) 20%
C) 10%
D) 15%
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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