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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics and Professional Conduct | 10-15% | - Fiduciary duties - Suitability standards - Disclosure requirements - Privacy and confidentiality |
| Topic 2: General Insurance Concepts | 10-15% | - Insurable interest - Insurance contract law - Agent authority and responsibilities - Risk and insurance principles |
| Topic 3: Life Insurance | 30-35% | - Beneficiary designations - Settlement options - Policy loans and cash values - Types of life insurance policies
- Group life insurance |
| Topic 4: Annuities | 10-15% | - Fixed and variable annuities - Annuitization options - Taxation of annuities - Indexed annuities |
| Topic 5: Accident and Health Insurance | 30-35% | - Disability income insurance - Health insurance basics - Group health insurance - Accident insurance - Major medical policies - Policy provisions and exclusions - Medical expense plans |
| Topic 6: Pennsylvania Insurance Laws and Regulations | 15-20% | - State licensing requirements - Consumer protection rules - Policy forms and approval - Unfair trade practices - Continuing education requirements |
All of the following statements about aleatory contracts are true EXCEPT
Correct Answer: A 🗳️
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What provision allows the insured a period of time in which to review a newly-issued insurance policy and. if dissatisfied for any reason, return it for a full refund of the premium?
Correct Answer: C 🗳️
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The insurance commissioner may issue a temporary license if the insurance commissioner deems, that the temporary license is necessary for the servicing of an - insurance business in which one of the following cases?
Correct Answer: D 🗳️
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The accumulated cash value of a whole life insurance policy becomes the
Correct Answer: D 🗳️
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According to the Pennsylvania Health Care Insurance Portability Act regulations, health coverage for eligible individuals must be offered on what basis?
Correct Answer: D 🗳️
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