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

  • Exam Code: PA-Life-Accident-and-Health
  • Exam Name: Pennsylvania Life, Accident and Health Exam
  • Updated: Jul 09, 2026
  • Q & A: 162 Questions and Answers

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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:

1. Dividends are NOT subject to taxation because they are

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


2. To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within

A) 0 days.
B) 45 days.
C) 90 days.
D) 60 days.


3. Which of the following gives the policyowner access to the cash value that accumulates inside the policy without having to terminate the policy?

A) Policy Loans.
B) Reduced Paid-up Insurance.
C) Spendthrift Clause.
D) Fixed-period Installments.


4. An insurance producer is appointed to transact insurance on behalf of

A) the Commonwealth of Pennsylvania.
B) the Insurance Commissioner.
C) all insurers.
D) the appointing insurer.


5. For licensing purposes, the producer's principal place of business or residence in any slate determines the producer's

A) home state.
B) insurance transaction site.
C) license renewal date.
D) territory.


Solutions:

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

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