Insurance Licensing PA-Life-Accident-and-Health real exam prep : Pennsylvania Life, Accident and Health Exam

  • Exam Code: PA-Life-Accident-and-Health
  • Exam Name: Pennsylvania Life, Accident and Health Exam
  • Updated: Aug 28, 2026
  • Q&As: 162 Questions and Answers

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

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

          Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

          Question 1

          Which of the following policies has a guaranteed interest rate with the possibility to earn an interest rate higher than the guaranteed rate?

          A. Universal life.
          B. Renewable term.
          C. Term insurance.
          D. Credit life.


          Question 2

          The main purpose of insurance is to

          A. retain risk.
          B. avoid risk.
          C. reduce risk.
          D. transfer risk.


          Question 3

          The accumulated cash value of a whole life insurance policy becomes the

          A. amount used to purchase paid up additions to the insured's policy.
          B. funds used to offset policy administration and conversion expenses
          C. face amount payable upon the insured's death.
          D. policy loan value upon which the policyowner may borrow.


          Question 4

          For a contract to be valid, it MUST be for a legal purpose and involve an exchange of

          A. written documentation.
          B. an offer.
          C. an implied warranty.
          D. consideration.


          Question 5

          Under the exclusion clause, which is a scenario that would NOT be covered if death resulted?

          A. A fare-paying passenger in a regularly-scheduled airline
          B. Army officer killed in the line of duty
          C. A spectator at an auto race
          D. Commercial pilot or crew member


          Solutions:

          Question 1
          Answer: A
          Question 2
          Answer: D
          Question 3
          Answer: D
          Question 4
          Answer: D
          Question 5
          Answer: D

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