PSI LIFE INSURANCE ACCIDENT AND HEALTH 2023/2024: QUESTION AND ANSWERS VERIFIED. GRADED A+ 100% PASS

12. What specific new procedures does the USA Patriot Act require of insurance companies? A. Establish an anti-money laundering program B. Investigate applicants for potential terrorist links C. Report large transactions by charitable organizations D. To take action against employees for failure to implement the Act. Establish an anti-money laundering program 13. A consumer report used to determine eligibility for insurance may include all of the following EXCEPT A. character. B. reputation. C. credit information. D. medical underwriting exam. medical underwriting exam. 14. All of the following are TRUE regarding incomplete applications EXCEPT A. the underwriting department will return the application to the agent. B. the applicant will have to wait additional time before coverage begins. C. there will be a delay in the underwriting process. D. the incomplete application can be accepted with the missing information added later. the incomplete application can be accepted with the missing information added later. 15. Compared to basic hospital, medical and surgical policies, which type of insurance provides broader coverage, fewer gaps, higher individual benefits, and higher policy maximums? A. medicaid insurance B. major medical insurance C. supplemental medical insurance D. long term care insurance major medical insurance 16. Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? A. accelerated benefits rider B. assisted living rider C. terminal illness rider D. long term care rider long term care rider 17. All of the following are characteristics of COBRA EXCEPT A. qualifying events. B. notification statements. C. continuation of coverage. D. change in medical privacy procedures. change in medical privacy procedures.