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| Section | Weight | Objectives |
|---|---|---|
| Life Insurance | 30-35% | - Types of life insurance policies
- Policy loans and cash values - Policy provisions and riders - Settlement options - Beneficiary designations |
| General Insurance Concepts | 10-15% | - Agent authority and responsibilities - Risk and insurance principles - Insurable interest - Insurance contract law |
| Annuities | 10-15% | - Fixed and variable annuities - Annuitization options - Indexed annuities - Taxation of annuities |
| Accident and Health Insurance | 30-35% | - Health insurance basics - Medical expense plans - Disability income insurance - Accident insurance - Policy provisions and exclusions - Group health insurance - Major medical policies |
| Pennsylvania Insurance Laws and Regulations | 15-20% | - Continuing education requirements - Policy forms and approval - Unfair trade practices - Consumer protection rules - State licensing requirements |
| Ethics and Professional Conduct | 10-15% | - Suitability standards - Privacy and confidentiality - Fiduciary duties - Disclosure requirements |
What is the annuity payment option that provides an income for a guaranteed period of time whether or not the annuitant is alive?
Correct Answer: D 🗳️
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Backdating on a life insurance policy is the practice of
Correct Answer: C 🗳️
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In a hospital indemnity plan, an elimination period refers to the number of days
Correct Answer: C 🗳️
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What long-term care insurance provision covers health care provided in an individual's residence and must begin within a certain time frame following a nursing home stay?
Correct Answer: A 🗳️
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An insured has a stop-loss limit of $10,000, a deductible of $500, and an 80%'20% coinsurance. The insured incurs $50,000 of covered losses in an accident. How much I will the insured have to pay?
Correct Answer: A 🗳️
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