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Life and Health Insurance Producer Exam

Policy provisions (PA): practice questions

Our Life & Health Insurance bank has 5 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Pennsylvania

Under the Legal Actions provision of a Pennsylvania accident and sickness policy, when may the insured sue to recover on the policy?

  1. At any time, since the right to sue cannot be limited by the policy
  2. Only after arbitration ordered by the Commissioner
  3. After 60 days from proof of loss, and within 3 years of when proof is due
  4. Within 30 days from the loss, and no later than 1 year after the denial
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C. After 60 days from proof of loss, and within 3 years of when proof is due — Insurance Company Law of 1921, sec. 618(A)(11).

Question 2 · Pennsylvania

After how long in force during the insured's lifetime must a Pennsylvania life policy become incontestable, except for nonpayment of premium?

  1. Three years from issue
  2. Five years from issue
  3. One year from issue
  4. Two years from issue
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D. Two years from issue — Insurance Company Law of 1921, sec. 410(c).

Question 3 · Pennsylvania

Under Pennsylvania's required accident and sickness provisions, within how many days after a loss should written notice of claim be given?

  1. Within 90 days
  2. Three days
  3. 20 days
  4. Ten days
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C. 20 days — Insurance Company Law of 1921, sec. 618(A)(5).

Question 4 · Pennsylvania

What grace period must a Pennsylvania individual life insurance policy allow for premiums due after the first year?

  1. Ten days or one week
  2. Thirty days or one month
  3. Forty-five days
  4. Sixty days or two calendar months
Show the answer

B. Thirty days or one month — Insurance Company Law of 1921, sec. 410(b).

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