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CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS PRACTICE EXAM
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CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS PRACTICE EXAM
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CA PSI-LIFE, ACCIDENT, AND HEALTH ORSICKNESS PRACTICE EXAM
Which of the following is TRUE of a point of service plan - CORRECT
ANSWER-A patient's care is coordinated by an in-network primary care
physician.
In a Level term life policy, which always remains constant ? - CORRECT
ANSWER-death benefit
which part of an insurance contract contains the promise to pay losses covered
by the policy in exchange for the insureds premium and compliance with policy
terms ? - CORRECT ANSWER-insuring clause
In a home healthcare benefit, all of the following are eligible expenses EXCEPT -
CORRECT ANSWER-blood transfusions
in noncontributory plans, which percentage of eligible members must participate?
- CORRECT ANSWER-1
How are issues of ambiguity usually resolved because insurance contracts are
contracts of adhesion? - CORRECT ANSWER-In favor of the insured because
the insurance company drafts the language in the contract.
Why is the accidental death benefit referred to as double indemnity? - CORRECT
ANSWER-It provides twice the face value in the policy for death due to accident.
which types of rider reimburses health and social service expenses incurred in a
convalescent or nursing home facility - CORRECT ANSWER-long term care rider
All life insurance and health insurance contracts contain all of the following
EXCEPT - CORRECT ANSWER-representations
, all of the following are requirements to qualify for social security disability benefits
except when - CORRECT ANSWER-unable to work in occupation in which the
worker was trained or educated.
what is the order in which beneficiaries receive proceeds from a life insurance
policy ? - CORRECT ANSWER-succession of beneficiaries
If a company provides group disability insurance to its employees, which of the
following may be tax-deductible? - CORRECT ANSWER-the premiums paid by
the company as a business expense
Which annuity settlement option provides a stated monthly amount to the
annuitant and upon the annuitant's death the same or a lesser amount paid for
the lifetime of the survivor? - CORRECT ANSWER-Joint and survivorship option
which of the following policy types is considered double indemnity - CORRECT
ANSWER-accidental death
How long after being entitled to disability benefits will an individual be eligible to
receive Medicare benefits? - CORRECT ANSWER-2 years
which of the following is an example of a hospital indemnity plan - CORRECT
ANSWER-pays a fixed amount per day to the insured for each day the insured is
hospitalized
According to the time of payment of claims provisions, the insurer must make the
payment immediately after receiving proof of loss EXCEPT - CORRECT
ANSWER-For claims involving periodic payments
Which one of the following is particularly important to an insurance producer to
explain to a client upon delivery of a life insurance policy ? - CORRECT
ANSWER-Any exclusions
When would dependent children's benefits for social security disability payments
be scaled back ? - CORRECT ANSWER-when they cause the family benefit to
exceed the maximum benefit amount
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