PSI Life accident and health practice test| ANSWERED
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Accident and Health Insurance Agent
Institution
Accident And Health Insurance Agent
which is an INACCURATE statement regarding underwriting based on genetic testing?
1. the proposed insured must pay for the cost of testing
2. the proposed insured must provided informed consent prior to testing
3. the test results can be provided to the proposed insured, or the their physician t...
psi life accident and health practice test| answered
psi life accident and health practice test
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PSI Life accident and health practice test| ANSWERED
which is an INACCURATE statement regarding underwriting based on genetic testing?
1. the proposed insured must pay for the cost of testing
2. the proposed insured must provided informed consent prior to testing
3. the test results can be provided to the proposed insured, or the their physician to whom the
individual should consult.
4. the purpose is to create standards classified by risks to avoid discrimination among proposed
insureds with similar genetic markers. Correct Answer: MY answer. 1
Which of the following may be insured against?
1. Disability
2. Accidental Death
3. Wagering Losses
4. Catastrophic losses Correct Answer: wagering losses
when is the practice of 'post claims' underwriting allowable on disability insurance covering
hospital, medical or surgical expenses?
1. at no time
2. withing the first 2 years of policy issuance
3. if the new information is brought to the attention of the insurance company
4. at the time of a claim accompanied by an investigative report. Correct Answer: 1. at no time.
If fiduciary funds are received by any licensee, the funds shall be maintained in any of the
following EXCEPT
1. bonds issued in all 50 states of USA
2. united states government bonds and treasury certs
3. certificates of deposit of banks or savings and loan associations licensed by any state
4. repurchase agreements collateralized by securities issued by the united states government.
Correct Answer: 4. bonds are issued in all 50 states
which of the following is a party to a contract of insurance bound to communicate EXCEPT.
1. those which the other knows
2. those which the other waives communication
3. those which the other would know by retaining a consultant with specialized knowledge in
insurance matters.
4. those which in the exercise of ordinary care ought to know and which the other party has no
reason to suppose him ignorant. Correct Answer: those which the other would know by retaining
a consultant with specialized knowledge in insurance matters.
which is an accurate statement regarding long-term care advertisements and the "cold lead
device" disclosure
1. an ad designed to promote leads does not have to disclose the fact that an agent will call
2. The fact that a cold lead device was used must be immediateley announced to the customer
3. the ad designed to promote cold leads must be retained by the insurer for at least 365 days.
, 4. any insurer providing long term care coverage shall provide a copy of any advertisement for
inspection by the commissioner at least 90 days prior to any planned implementation. Correct
Answer: the fact that a cold lead device was used must immediatley be announced to the
customer
what are the requirements for notices required by any provision of the insurance code to a person
unless expressly provided otherwise?
1. they should be made by the telephone on a recorded line
2. they should be received by email to their registered email address
3. they should be sent to a mailing notice at their residence or place of business
4. they should be prioritized with overnight express at their residence or place of business.
Correct Answer: they should be sent to a mailing notice at their residence or place of business
which is an accurate statement regarding the requirements for a life and health agent who
chooses to sell worker's compensation coverage?
1. a course of study about workers compensation is mandatory, but no test is required.
2. for resident licencees, the requirement does not count towards their total continuing education
requirement.
3. any agent who wishes to sell the coverage, must receive instruction from an approved CE
provider and successfully pass an exam approved by the commisioner.
4. the required number of hours shall be equal to, or greater than, the requirement for property
broker agent or casualty broker agent on the same subject. Correct Answer: any agent who
wishes to sell the coverage, must receive instruction from an approved CE provider, and
successfully pass an exam approved by the commissioner
the california life and health insurance guarantee act provides coverage for all of the following
EXCEPT
1. a stop loss insurance plan
2. a major medical expense plan
3. a surgical insurance plan
4. a long term care insurance plan/ Correct Answer: a stop loss insurance plan
whether admitted or nonadmitted how does a foreign insurer differ from an alien or domestic
insurer Correct Answer: a foreign insurer is organized under the laws of another state within the
US
a policy witha life insurance benefit for a disabled employee includes an extension of benefits
upon its discontinuance when all of the following are met EXCEPT Correct Answer: during a 30
day period in which to accept the terms of the new policy
which of the following may be described as an "administrator of life or health coverage or
annuities? Correct Answer: the insurance commissioner who ahs acces to the records for
examination, audit, and inspection purposes
all of the following are true about the rules regarding the sale of life insurance and annuities to
seniors age 65 and older EXCEPT? Correct Answer: the agent broker or insurer is required to
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