PSI Life, Accident, Health Practice Exam Questions

____________ is the initial step of the total process of insuring a health risk. - field underwriting _______________ is the process of selection, classification and rating, and determining if someone is insurable. - home office underwriting "Person" means all of the following EXCEPT 1 an association. 2 a corporation. 3 a business trust. 4 an organizational trust. - 4 an organizational trust. A ____________ places insurance with a non-admitted insurer when insurance cannot be placed with an admitted insurer - surplus lines producer A ______________ Insurance Company is directed by officers and directors and has a stated amount of capital stock owned by stockholders - Stock A beneficiary receives ample income each month from the interest earned while the insurance company retains the principal. This is referred to as: - capital conservation A licensed life agent may __________ on behalf of a life insurer for which the life agent is not specifically appointed. - Present a proposal for insurance to a prospective policyholder A Life and Disability Analyst cannot be employed or paid by the insurer and must meet all of the following requirements, except: 1 Be a resident of the state of California 2 Be at least age 18 3 Pass a written examination prepared by the Commissioner