100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
PSI Life, Accident, Health Practice Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PSI
  4.  
  5. PSI
  6.  
  7. PSI

Exam (elaborations)

PSI Life, Accident, Health Practice Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

 3 views  0 purchase
  • Course
  • PSI
  • Institution
  • PSI

PSI Life, Accident, Health Practice Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Preview 4 out of 53  pages

Document information

  • June 23, 2024
  • 53
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • psi life accident health practice exam

Written for

  • PSI
  • PSI
  • PSI
All documents for this subject (1082)

Seller

avatar-seller
Hkane

Reviews received

Content preview

PSI Life, Accident, Health Practice Exam
Questions
Which is an ACCURATE statement regarding benefits of Medicare supplement
and Medicare select plans?

1
The insurer is able to cancel, or deny renewal of an existing policy, based solely
on the health of the insured.
2
There is no restriction for benefits after the coverage has been in effect for six
months when involving a preexisting condition.
3
The coverage for a loss from an illness or disease is treated differently than for a
loss resulting from an injury due to an accident.
4
The coverage for a spouse cannot be terminated for any reason, including for
nonpayment of premiums. - CORRECT ANSWER-2
There is no restriction for benefits after the coverage has been in effect for six
months when involving a preexisting condition.

How is the insurance commissioner chosen?

1
Elected by the people.
2
Appointed by the Governor
3
Selected by a vote in the House and the Senate.
4
Randomly selected from a list of qualified candidates. - CORRECT ANSWER-1
Elected by the people.

An insurance agent is a person who transacts all of the following types of
insurance EXCEPT:

,1
annuities.
2
homeowners.
3
auto insurance.
4
life insurance. - CORRECT ANSWER-4
life insurance.

The California Legislature declared all of the following when creating the Healthy
Families Program EXCEPT:

1
that most uninsured children come from low-income families.
2
lack of educational resources for children and their parents leads to increased
medical expenses.
3
that lack of insurance coverage for children results in reduced access to medical
services.
4
when a child is seriously ill or injured, the costs of needed medical care can force
families into financial ruin. - CORRECT ANSWER-2
lack of educational resources for children and their parents leads to increased
medical expenses.

Which of the following BEST defines the general concept of the 24-hour care
plan?

1
It integrates workers compensation medical care with the care provided by group
health insurance.
2
It provides immediate medical care from any source for injuries on which occur
on the job.

,3
It permits non job related injuries to be treated through the worker?s
compensation program.
4
It pays any medical bill from a job related injury for services within the first 24
hours of the injury. - CORRECT ANSWER-1
It integrates workers compensation medical care with the care provided by group
health insurance.

How does an "admitted" person differ from an "nonadmitted" person, as it
pertains to insurance?

1
An "admitted" person has admitted to a crime or fraud, while a "nonadmitted"
person has not.
2
An "admitted" person has been granted admission to an insurance association,
while a "nonadmitted" person has not been accepted.
3
An "admitted" person has been admitted to an accreditation program, while a
"nonadmitted" person has yet to earn the credits.
4
An "admitted" person has the right to transact insurance business within the
state, while a "nonadmitted" person is not entitled to this action. - CORRECT
ANSWER-4
An "admitted" person has the right to transact insurance business within the
state, while a "nonadmitted" person is not entitled to this action.

When may a licensee surrender for cancellation any license under which they are
permitted to act?

1
upon renewal of the license
2
within 60 days of renewal of their license
3
at any time

, 4
when they no longer have any clients with policies in force - CORRECT
ANSWER-3
at any time

When does a disability policy become incontestable as to the statements
contained in the application?

1
After this policy been in force for a period of one year during the lifetime of the
insured.
2
After this policy been in force for a period of two years during the lifetime of the
insured.
3
When the company has confirmed all of the statements and issued a binding
contract.
4
Two years after the date of the application when a conditional receipt has been
issued. - CORRECT ANSWER-2
After this policy been in force for a period of two years during the lifetime of the
insured.

Which statement describes the intent of the California Financial Information
Privacy Act?

1
It enables and authorizes the Gramm-Leach-Bliley Act into California legal
system.
2
It permits civil lawsuits against financial institutions who violate the
Gramm-Leach-Bliley Act.
3
It provides greater privacy protections than those provided in the federal
Gramm-Leach-Bliley Act.
4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Hkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart