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PSI LIFE, ACCIDENT AND HEALTH EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$18.49
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PSI LIFE, ACCIDENT AND HEALTH EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
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Course
PSI LIFE, ACCIDENT AND HEALTH 2024
Institution
PSI LIFE, ACCIDENT AND HEALTH 2024
PSI LIFE, ACCIDENT AND HEALTH EXAM
ACTUAL EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE ACCURATE
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
PSI LIFE, ACCIDENT AND HEALTH EXAM
2024-2025 ACTUAL EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE ACCURATE
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Which are assets that are in excess of an insurer's
liability for reported losses, expenses, taxes, and
reinsurance of outstanding risks?
1
capital stock
2
capital assets
3
paid-in capital
4
excess investment - ....ANSWER...3
paid-in capital
,Which of the following actions is considered part of
the insurance sales process?
1
Rescission of the contract.
2
Transaction of unrelated matters that are made by
the same parties.
3
Transaction of matters subsequent to execution of
the contract and arising out of it.
4
Termination of future sales of the contract. -
....ANSWER...3
Transaction of matters subsequent to execution of
the contract and arising out of it.
While both work with an insurer, how does an
"Insurance broker" differ from an "insurance agent"?
1
The broker gets paid by commission, but the agent
does not.
,2
The broker does not transact on behalf of an insurer,
while the agent does.
3
The broker has to be licensed, but the agent meets
less stringent requirements.
4
The broker is unable to provide the same
competitive prices that an agent provides. -
....ANSWER...2
The broker does not transact on behalf of an insurer,
while the agent does.
Materiality to be solely determined by which of the
following?
1
The probability that a certain occurrence of events
will result in a claim.
2
The importance of the facts to the insurer and
insured in making an underwriting decision.
3
, The probable and reasonable influence of the facts
upon the party to whom the communication is due.
4
The certainty that material provided to the insurer is
truthful in all manners regardless of any mitigating
circumstances. - ....ANSWER...3
The probable and reasonable influence of the facts
upon the party to whom the communication is due
Which of the following is an insurer allowed to do in
the event of a claim?
1
request or require an insured to submit to a
polygraph examination when the claimant has a
criminal record.
2
discriminate based upon the claimant's territory of
the property insured
3
request a medical examination for the purpose of
determining liability under a policy provision
4
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