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Insurance Licensing Pennsylvania Life, Accident and Health Sample Questions:
1. All of the following statements about Health Maintenance Organizations (HMOs) are true EXCEPT
A) Members pay fixed monthly fees to the HMO.
B) Out-of-pocket expenses are limited as long as the network is utilized.
C) Members pay higher monthly fees when out-of-network providers are utilized.
D) Members receive care from providers in the HMO network.
2. The types of life insurance generally used to cover key employee indemnification are
A) universal, term, and whole life Insurance.
B) decreasing term life insurance.
C) joint, permanent and credit life insurance.
D) limited-pay, adjustable, and group life insurance.
3. The MAJOR factor in determining the benefit amount paid under a disability income policy Is
A) gender.
B) wages.
C) occupation.
D) age.
4. 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?
A) $500
B) $10,400
C) $10,600
D) $10,000
5. An illness or disease which is first diagnosed and treated while the policy is in force is considered
A) a preexisting condition.
B) an exclusion.
C) an accidental injury.
D) a sickness.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |


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