Sample P&C Exam

The renewal fee for a lapsed license is

$165

If anyone in the insurance business fraudulently overvalues property and such action contributes to the failure of an insurance company, that person can be sentenced to a prison term of up to how many years?

15

A Temporary license can be issued for not more than:

180 days

How many Continuing Education hours can be carried over from one licensing period to the next?

24

The prelicensing requirement in Pennsylvania calls for how many approved hours?

24

A Temporary license can be issued to all of the following EXCEPT:

A disabled person unable to travel to take the state exam.

Which of the following needs a Pennsylvania Producer's license?

A person who sells, solicits or negotiates insurance contracts within the borders of Pennsylvania.

In order to sell a policy issued by Penn Mutual to Ms. Smith within the borders of Pennsylvania, you must:

All of the above

The Pennsylvania Unfair Claims Practices Act requires which of the following?

Both Companies and Producers must maintain complaint records for at least 4 years.

Rates approved for policies sold in Pennsylvania can be:

Discrimination

Prohibited practices under Commonwealth insurance law include all of the following EXCEPT:

Having another financial services license revoked by a governmental authority

The Pennsylvania Insurance Commissioner:

Is appointed by the Governor with consent of the Senate

All are misdemeanors of the 3rd degree EXCEPT:

Misrepresentation of the company's financial condition

In order to obtain and maintain a Pennsylvania Producer license, you must do all of the following EXCEPT

Renew the license every 4 years

An Ohio Resident Producer may obtain a Pennsylvania Nonresident by doing which of the following?

Submit a completed application with fees

A referral fee is legal in Pennsylvania if in compliance with which of the following?

The fee is paid only if the referring party does not discuss the specific terms of the proposed contract.

A Producer who allows her license to lapse can be reinstated without retaking the licensing exam if the request is made within how many days of the lapse?

one year