Pennsylvania Life and Health Insurance Exam

Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in Pennsylvania.

Who Grants a License: Licenses are granted by the Pennsylvania Insurance Department.
Life and Health Insurance Agent Exam
Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of Pennsylvania:
 
1. Be at least eighteen (18) years of age.
2. Be a resident of Pennsylvania.
3. Complete education requirements.
4. Pay fees and pass the examination.
5. Complete fingerprinting requirement.
6. Apply for a license.
 
Completing Prelicensing Education Requirements: Initial insurance producer applicants must first complete 24 hours of pre-licensing education credits. A listing of approved courses can be obtained at
http://www.sircon.com/pennsylvania.

Applying for the Producer Exam:  Examinations are administered by the independent testing service, Prometric. Registration and examination information can be found in the Pennsylvania Licensing Information Bulletin, which should be reviewed thoroughly prior to registering for the exam. To register and schedule an exam online, go to www.prometric.com/Pennsylvania. You may also register and schedule your examination by phone or fax. Please see the Pennsylvania Licensing Information Bulletin for further details. Direct all questions and requests for information about exams to:

Prometric
7941 Corporate Drive
Nottingham, MD 21236
Phone: 800.715.2418
Fax: 800.347.9242
TDD User: 800.790.3926
www.prometric.com/Pennsylvania

Test Information: Each exam will cover the Pennsylvania statutes and general principles sections, as well as the specific content for each line. Be sure to review the appropriate exam content outline to determine what topics are covered in the comprehensive exams. At the end of your exam, your score will be shown on the screen and you will receive a printed score report. The report indicates your overall score and grade, including the numerical percentage of questions answered correctly and whether you passed or failed. The Pennsylvania Licensing Information Bulletin contain specific content information beyond the following general outlines:
 
Pennsylvania Life, Accident, and Health Insurance Agent Examination
Series 16-03 (150 questions – 2.5 hour time limit)
1.0 Insurance Regulation 8%
1.1 Licensing
1.2 State regulation
1.3 Federal regulation
2.0 General Insurance 6%
2.1 Concepts
2.2 Insurers
2.3 Agents and general rules of agency
2.4 Contracts
3.0 Life Insurance Basics 8%
3.1 Insurable interest (3205)
3.2 Personal uses of life insurance
3.3 Determining amount of personal life insurance
3.4 Business uses of life insurance
3.5 Differences in life insurance policies
3.6 Factors in premium determination
3.7 Premiums
3.8Licensee responsibilities
3.9 Individual underwriting by the insurer
4.0 Life Insurance Policies 11%
4.1 Term life insurance
4.2 Whole life insurance
4.3 Flexible premium policies
4.4 Specialized policies
4.5 Group life insurance
5.0 Life Insurance Policy Provisions, Options and Riders 11%
5.1 Required provisions
5.2 Beneficiaries
5.3 Settlement options
5.4 Nonforfeiture options
5.5 Policy loan and withdrawal options
5.6 Dividend options
5.7 Disability riders
5.8 Accelerated (living) benefit provisions/riders
5.9 Riders covering additional insureds
5.10 Riders affecting the death benefit amount
6.0 Annuities 8%
6.1 Annuity principles and concepts
6.2 Immediate versus deferred annuities
6.3 Annuity (benefit) payment options
6.4 Annuity products
6.5 Personal Uses of annuities
7.0 Federal Tax Considerations for Life Insurance and Annuities 4%
7.1 Taxation of personal life insurance
7.2 Modified endowment contracts (MECs)
7.3 Taxation of non-qualified annuities
7.4 Taxation of individual retirement plans
7.5 Rollovers and transfers (IRAs and qualified plans)
7.6 Section 1035 exchanges
8.0 Qualified Plans 2%
8.1 General requirements
8.2 Federal tax considerations
8.3 Plan types, characteristics and purchasers
8.4 Special rules for life insurance
9.0 Health Insurance Basics 7%
9.1 Definitions of perils
9.2 Principal types of losses and benefits
9.3 Classes of health insurance policies
9.4 Limited policies
9.5 Common exclusions from coverage
9.6 Producer responsibilities in individual health insurance
9.7 Individual underwriting by the insurer
9.8 Considerations in replacing health insurance
10.0 Individual Health Insurance Policy General Provisions 5%
10.1 Required provisions
10.2 Other provisions
10.3 Other general provisions
11.0 Disability Income and Related Insurance 4%
11.1 Qualifying for disability benefits
11.2 Individual disability income insurance
11.3 Unique aspects of individual disability underwriting
11.4 Group disability income insurance
11.5 Business disability insurance
11.6 Social Security disability
12.0 Medical Plans 7%
12.1 Medical plan concepts
12.2 Types of providers and plans
12.3 Cost containment in health care delivery
12.4 Pennsylvania mandated benefits (individual and group)
12.5 HIPAA (Health Insurance Portability and Accountability Act) requirements
13.0 Group Health Insurance 6%
13.1 Characteristics of group insurance
13.2 Types of eligible groups
13.3 Marketing considerations
13.4 Employer group health insurance
13.5 Regulation of employer group insurance plans
14.0 Dental Insurance 1%
14.1 Categories of dental treatment
14.2 Indemnity plans
14.3 Employer group dental expense
15.0 Insurance for Senior Citizens and Special Needs Individuals 7%
15.1 Medicare
15.2 Medicare supplements
15.3 Other options for individuals with Medicare
15.4 Long-term care (LTC) insurance
16.0 Federal Tax Considerations for Health Insurance 5%
16.1 Personally-owned health insurance
16.2 Employer group health insurance
16.3 Business disability insurance
16.4 Health Spending Accounts
 
Completing the Fingerprinting Requirement and Applying for the License: Register for the fingerprinting processing service at the same time you register for your exam. If you wish to have fingerprints taken without taking an exam, you must pay Prometric’s additional processing fee online at www.prometric.com/pennsylvania or by calling 800.715.2418 before arriving at the test center. Test centers are not able to accept this processing fee on site. Proof of payment of the live scan fingerprinting fees ($36.25) is required prior to fingerprinting submission at the testing center. Once you finish your exam, use the kiosk at the exam center to complete your license application via Vertafore. As part of the license application process, your fingerprints will be “live-scanned.” Payment for both the fingerprint fee and the license application fee must be made by credit card using the kiosk in the exam center during the online license application process. Fingerprint results will be returned to the Department. The Department will evaluate the results and the application prior to license issuance. For further details, please see the Pennsylvania Licensing Information Bulletin.
 
Direct additional questions about licensure to:
 
Pennsylvania Insurance Department
Bureau of Licensing and Enforcement
1209 Strawberry Square
Harrisburg, Pennsylvania 17120
Phone: 717.787.3840 or 866-283-7848
Fax: 717.787.8553
Web site: www.insurance.pa.gov

License Renewal Requirements: Renewals of Individual Producer licenses are annually or biannually, depending upon the license type, and there is a continuing education requirement.

Applicable Regulations: Life and health insurance agents in Pennsylvania are regulated by the Pennsylvania Insurance Department.
 

For more information on life and health insurance agent licensing and exam preparation, go to Tests.com’s Life and Health Insurance Exam Guide.

And take Tests.com’s free Life and Health Insurance Agent Practice Test.

For life and health insurance agent exam preparation products, such as study guides, flashcards and courses, go to Tests.com’s Life and Health Insurance Sales Exam listings.

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