200 PCIP Practice exam questions
The California life and health insurance guarantee association covers all of these types of policies,
EXCEPT Ans- Self-funded plans
All of these are common exclusions to a life insurance policy EXCEPT Ans- accidental death
An individual can enroll in a part C M...
200 PCIP Practice exam questions
The California life and health insurance guarantee association covers all of these types of policies,
EXCEPT Ans- Self-funded plans
All of these are common exclusions to a life insurance policy EXCEPT Ans- accidental death
An individual can enroll in a part C Medicare advantage plan at what time? Ans- When becoming eligible
for Medicare
Which of the following is an NOT protected under the California life and health guarantee association?
Ans- Insurers
The authority granted to a licensed producer is provided via the Ans- Law of Agency
A common exclusion or limitation on dental policy is Ans- Endodontics
Key person insurance is intended to Ans- cover business losses due to the death of a key employee
A terminated employee that has exercised the conversion privileges able to convert Ans- Term insurance
into permanent insurance
The role of the federal government was expanded when Medicaid was established by allowing the state
to Ans- receive matching funds to expand public assistance programs
_________ is NOT An element of a valid contract. Ans- countersignature
Which type of coverage pays an amount per day for hospitalization directly to the insured regardless of
the insurance other health insurance? Ans- Hospital indemnity
,How long must an individual be unable to engage in any gainful activity due to physical or mental
disability in order to qualify for Social Security total disability? Ans- 12 months
Life insurance surplus must be distributed to policy owners at what frequency? Ans- Annually
What is involved when a life insurance policy has been backdated? Ans- Making the policy effective on
an earlier date than the present
What prevents a life insurance policy from being rescinded by the insurer after being in force for two
years? Ans- Incontestability clause
When intentional concealment is involved, what course of action is the injured party entitled to? Ans-
Rescission of the contract
Medicare part D has an initial enrollment period. How many months after an individual's 65th birthday
month does this enrollment period end? Ans- 3 months
Who acts as the gate keeper in a health maintenance organization (HMO)? Ans- Primary care physician
What is required after a life agent sells an insurance policy to an applicant without being appointed by
the insurer? Ans- Notice of appointment must be submitted to the Commissioner
Free look provision gives the policy owner Ans- the right to return the policy for a full refund within a
specified number of days
Written notice for a health claim must be given to the insurer ______ days after the occurrence of the
loss. Ans- 20 days
A person who asserts a right of recovery under an insurance policy is called Ans- claimant
Which of the following is NOT a primary objective of insurance regulation? Ans- Interpret policy
provisions
, Failure to report background changes within 30 days as required under section 1729.2 of the California
insurance code could subject a license or applicant to Ans- All of these: denial, suspension, & Fine
A representation may be altered or withdrawn Ans- only before the insurance is in effect
Which of the following describes a contributory group insurance plan? Ans- Part of the premium is paid
by the employee
A health insurance policy will typically cover Ans- preventative health services
Pete is a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? Ans-
theft
Which of the following is Medicare part B also known as? Ans- medical insurance
Which of the following would qualify a companies retirement plan from receiving favorable tax
treatment? Ans- It is temporary
Under a nonqualified annuity, interest is taxed after the Ans- Exclusion ratio has been calculated
The California insurance code defines "policy" as a(n) Ans- Written contract
If a material warranty violation on the part of the insured is found, what recourse does an insurer have?
Ans- Rescind the policy
An individual that has 40 quarters of coverage, for Social Security purposes, is considered to be Ans- fully
insured
What type of license is required for an individual who charges a fee to review an insured's existing life
policy? Ans- Life and disability analyst
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