Pennsylvania Life and Health Insurance Exam Practice Question
Which fine-amount tier is pre-selected?
Correct Answer: B
Rationale: The pre-selected fine-amount tier is $1,000, as it is often a standard initial penalty for various offenses, balancing severity and compliance encouragement.
Option A ($500) is typically too low to address more serious violations effectively. Option C ($1,500) represents a higher tier that may be reserved for repeat offenders or significant infractions, making it less common as a default choice. Option D ($2,000) is generally used for severe cases and is not likely to be pre-selected due to its high financial impact. Thus, $1,000 serves as a reasonable and commonly accepted starting point.
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