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Updated: Jul 03, 2026
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1. An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of
A) rebating.
B) illegal inducement.
C) unfair coercion.
D) unfair discrimination.
2. The commissioner may refuse to issue a license if the applicant
A) has allowed an insurance license to lapse.
B) is 20-years of age.
C) is not a resident of Pennsylvania.
D) provided incorrect information on licensing application.
3. A purchaser on a real estate contract has what interest in the subject property?
A) vendee's interest
B) fee simple interest
C) equitable interest
D) purchaser's interest
4. Which property type includes all lands, man-made improvements, anything growing on the lands, as well as interests, or "rights," including future occupancy, reversion, and the use of surface and air space?
A) Personal
B) Tangible
C) Real
D) Intangible
5. Which of the following is the broadest form of ownership allowed by law?
A) easement estate
B) life estate
C) fee simple
D) leasehold
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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