PA State Law Section

Question 1

Pre-licensing education requirement

Answer 1

24 hours

Question 2

Minimum age to obtain producer’s license

Answer 2

Age 18

Question 3

Length of temporary insurance producer license. Without requiring an examination if a licensed producer dies, becomes disabled, or enters active military service

Answer 3

180 Days

Question 4

Producer licenses are issued for a term of…

Answer 4

2 years

Question 5

A lapsed producer’s license may be reinstated within how many years of the license renewal date…

Answer 5

1 year

Question 6

Producer’s time to notice the Commissioner of change of address, administrative actions, or criminal charges…

Answer 6

30 days

Question 7

Requirement for each 2 - Year CE term

Answer 7

24 hours

Question 8

Continuing Education, includes how many hours of ethics

Answer 8

3 hours

Question 9

Number of hours that may be carried forward to the next CE term…

Answer 9

24 hours

Question 10

The Commissioner must give _____ days’ notice of a hearing

Answer 10

10 days

Question 11

Maximum producer fine per violation of the insurance code

Answer 11

$5,000.00

Question 12

Unfair Competition, Act, or Practice civil penalties, $_____ per violation for non-willful violations

Answer 12

$1,000.00

Question 13

Unfair Competition, Act, or Practice civil penalties, $_____ aggregate penalty for non-willful violations

Answer 13

$10,000.00

Question 14

Unfair Competition, Act, or Practice civil penalties, $_____ per violation for willful violations

Answer 14

$5,000.00

Question 15

Unfair Competition, Act, or Practice civil penalties, $_____ aggregate penalty for willful violations

Answer 15

$50,000.00

Question 16

The Commissioner must examine rating organizations at least once every how many years…

Answer 16

5 years

Question 17

Rates must be filed for ____ days before use

Answer 17

30 days

Question 18

Life, accident, or health insurance policy forms must be filed + approved by the Commissioner. Once forms have been filed, they are considered approved after ____ days unless the Commissioner rejects them.

Answer 18

30 days

Question 19

The Commissioner must conduct an examination of every licensed insurer at least once every ____ years

Answer 19

5 years

Question 20

The amount of valuable consideration, other than money, an insurance producer may offer or give to an insured or a prospective insured, on an annual aggregate basis, that doesn’t violate rebating statute

Answer 20

$100.00

Question 21

A person found guilty of insurance fraud is subject to the following civil penalties, $_____ for the first violation

Answer 21

$5,000.00

Question 22

A person found guilty of insurance fraud is subject to the following civil penalties, $_____ for the second violation

Answer 22

$10,000.00

Question 23

A person found guilty of insurance fraud is subject to the following civil penalties, $_____
for each subsequent violation.

Answer 23

$15,000.00

Question 24

Insurers must acknowledge receipt of a claim within how many working days

Answer 24

10 days

Question 25

Insurers must respond to an inquiry from the insurance dept. within how many working days...

Answer 25

15 days

Question 26

Insurers must provide an insured with an explanation if a claim investigation cannot be completed with how many days...

Answer 26

30 days

Question 27

The Association's max. payment amount for a claim is...

Answer 27

$300,000.00

Question 28

The Association's max. payment for a return of premium is up to...

Answer 28

$10,000.00

Question 29

For a commercial policy, the notice of a cancellation or nonrenewal must be given how many days in advance for nonrenewal...

Answer 29

60 days

Question 30

For a commercial policy, the notice of a cancellation or non renewal must be given how many days in advance for nonpayment of premium...

Answer 30

15 days

Question 31

For a commercial policy, the notice of a cancellation or non renewal must be given how many days in advance for material misrepresentation of the risk insured...

Answer 31

15 days

Question 32

At least how many days advance notice must be given to the insured of an increase in commercial renewal premium...

Answer 32

30 days

Question 33

for a residential policy, a notice of cancellation must be given how many days in advance...

Answer 33

30 days

Question 34

For a residential policy...basic property insurance will continue for how many days after the named insured's death or until the sale of the property, whichever comes first...

Answer 34

180 days

Question 35

Binders for temp. fire insurance may be for a period of up to how many days...

Answer 35

30 days

Question 36

FAIR plan cancellation notices must be given to any policyholder at least how many days prior to the cancellation...

Answer 36

20 days

Question 37

Employers of agricultural workers must provide workmen's compensation coverage for their employees if they pay $___ or more to one employee during the calendar year...

Answer 37

$1,200.00

Question 38

Employers of agricultural workers must provide workmen's compensation coverage for their employees if they employ one employee for ___ days or more...

Answer 38

30 days

Question 39

Disability benefit payments begin after a ___-day waiting period

Answer 39

7 day

Question 40

If the disability persists _____ days or more, the employee is entitled to retroactive disability benefits dating to the first day of disability

Answer 40

14 days

Question 41

Total disability benefits are what percentage of the employee's average weekly earnings

Answer 41

662 2/3 %

Question 42

Partial disability benefits are what percentage of the difference between the employee's weekly earnings at the time of injury and the employee's actual weekly earnings during the period of partial disability

Answer 42

662 2/3 %

Question 43

Burial expenses are up the how much...

Answer 43

$7,000.00

Question 44

Notice of injury must be made by the injured employee to the employer within how many days...

Answer 44

21 days

Question 45

The first compensation payment must be paid not later than ___ days after the employer has notice of knowledge of the employee's disability...

Answer 45

21 days

Question 46

conducting business in accordance with current rules and laws set by government regulatory agencies and the courts...

Answer 46

Compliance

Question 47

Standards of conduct and moral judgement

Answer 47

Ethics