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PSI Life, Accident, Health Practice Exam Questions| questions and answers

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PSI Life, Accident, Health Practice Exam Questions| questions and answers PSI Life, Accident, Health Practice Exam Questions| questions and answers 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 answers-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 answers-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 answers-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 answers-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 answers-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 answers-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 ca

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PSI Life, Accident, Health Practice Exam
ds ds ds ds ds ds




Questions| questions and answers
ds ds ds




WhichdsisdsandsACCURATEdsstatementdsregardingdsbenefitsdsofdsMedicaredssupplementdsanddsMedicaredsselectds
plans?

1
Thedsinsurerdsisdsabledstodscancel,dsordsdenydsrenewaldsofdsandsexistingdspolicy,dsbaseddssolelydsondsthedshealthdsofds
thedsinsured.
2
Theredsisdsnodsrestrictiondsfordsbenefitsdsafterdsthedscoveragedshasdsbeendsindseffectdsfordssixdsmonthsdswhendsinvo
lvingdsadspreexistingdscondition.
3
Thedscoveragedsfordsadslossdsfromdsandsillnessdsordsdiseasedsisdstreateddsdifferentlydsthandsfordsadslossdsresultingdsfr
omdsandsinjurydsduedstodsandsaccident.
4
Thedscoveragedsfordsadsspousedscannotdsbedsterminateddsfordsanydsreason,dsincludingdsfordsnonpaymentdsofdspre
miums.ds-dscorrectdsanswers-2
Theredsisdsnodsrestrictiondsfordsbenefitsdsafterdsthedscoveragedshasdsbeendsindseffectdsfordssixdsmonthsdswhendsinvo
lvingdsadspreexistingdscondition.
Howdsisdsthedsinsurancedscommissionerdschosen?

1
Electeddsbydsthedspeople.
2
AppointeddsbydsthedsGovernor
3
SelecteddsbydsadsvotedsindsthedsHousedsanddsthedsSenate.
4
Randomlydsselecteddsfromdsadslistdsofdsqualifieddscandidates.ds-dscorrectdsanswers-1
Electeddsbydsthedspeople.
AndsinsurancedsagentdsisdsadspersondswhodstransactsdsalldsofdsthedsfollowingdstypesdsofdsinsurancedsEXCEPT:

1
annuities.
2
homeowners.
3
autodsinsurance.
4
lifedsinsurance.ds-dscorrectdsanswers-4
lifedsinsurance.
ThedsCaliforniadsLegislaturedsdeclareddsalldsofdsthedsfollowingdswhendscreatingdsthedsHealthydsFamiliesdsProgram
dsEXCEPT:

,1
thatdsmostdsuninsureddschildrendscomedsfromdslow-incomedsfamilies.
2
lackdsofdseducationaldsresourcesdsfordschildrendsanddstheirdsparentsdsleadsdstodsincreaseddsmedicaldsexpenses.
3
thatdslackdsofdsinsurancedscoveragedsfordschildrendsresultsdsindsreduceddsaccessdstodsmedicaldsservices.
4
whendsadschilddsisdsseriouslydsilldsordsinjured,dsthedscostsdsofdsneededdsmedicaldscaredscandsforcedsfamiliesdsintodsfi
nancialdsruin.ds-dscorrectdsanswers-2
lackdsofdseducationaldsresourcesdsfordschildrendsanddstheirdsparentsdsleadsdstodsincreaseddsmedicaldsexpenses.
WhichdsofdsthedsfollowingdsBESTdsdefinesdsthedsgeneraldsconceptdsofdstheds24-hourdscaredsplan?

1
Itdsintegratesdsworkersdscompensationdsmedicaldscaredswithdsthedscaredsprovideddsbydsgroupdshealthdsinsurance
.
2
Itdsprovidesdsimmediatedsmedicaldscaredsfromdsanydssourcedsfordsinjuriesdsondswhichdsoccurdsondsthedsjob.
3
Itdspermitsdsnondsjobdsrelateddsinjuriesdstodsbedstreateddsthroughdsthedsworker?sdscompensationdsprogram.
4
Itdspaysdsanydsmedicaldsbilldsfromdsadsjobdsrelateddsinjurydsfordsservicesdswithindsthedsfirstds24dshoursdsofdsthedsinjur
y.ds-dscorrectdsanswers-1
Itdsintegratesdsworkersdscompensationdsmedicaldscaredswithdsthedscaredsprovideddsbydsgroupdshealthdsinsurance
.
Howdsdoesdsands"admitted"dspersondsdifferdsfromdsands"nonadmitted"dsperson,dsasdsitdspertainsdstodsinsurance?

1
Ands"admitted"dspersondshasdsadmitteddstodsadscrimedsordsfraud,dswhiledsads"nonadmitted"dspersondshasdsnot.
2
Ands"admitted"dspersondshasdsbeendsgranteddsadmissiondstodsandsinsurancedsassociation,dswhiledsads"nonadmitt
ed"dspersondshasdsnotdsbeendsaccepted.
3
Ands"admitted"dspersondshasdsbeendsadmitteddstodsandsaccreditationdsprogram,dswhiledsads"nonadmitted"dspers
ondshasdsyetdstodsearndsthedscredits.
4
Ands"admitted"dspersondshasdsthedsrightdstodstransactdsinsurancedsbusinessdswithindsthedsstate,dswhiledsads"nona
dmitted"dspersondsisdsnotdsentitleddstodsthisdsaction.ds-dscorrectdsanswers-4
Ands"admitted"dspersondshasdsthedsrightdstodstransactdsinsurancedsbusinessdswithindsthedsstate,dswhiledsads"nona
dmitted"dspersondsisdsnotdsentitleddstodsthisdsaction.
Whendsmaydsadslicenseedssurrenderdsfordscancellationdsanydslicensedsunderdswhichdstheydsaredspermitteddstodsact
?

1
upondsrenewaldsofdsthedslicense
2
withinds60dsdaysdsofdsrenewaldsofdstheirdslicense
3
atdsanydstime

,4
whendstheydsnodslongerdshavedsanydsclientsdswithdspoliciesdsindsforceds-dscorrectdsanswers-3
atdsanydstime
Whendsdoesdsadsdisabilitydspolicydsbecomedsincontestabledsasdstodsthedsstatementsdscontaineddsindsthedsapplicat
ion?

1
Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdsonedsyeardsduringdsthedslifetimedsofdsthedsinsured.
2
Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdstwodsyearsdsduringdsthedslifetimedsofdsthedsinsured.
3
Whendsthedscompanydshasdsconfirmeddsalldsofdsthedsstatementsdsanddsissueddsadsbindingdscontract.
4
Twodsyearsdsafterdsthedsdatedsofdsthedsapplicationdswhendsadsconditionaldsreceiptdshasdsbeendsissued.ds-
dscorrectdsanswers-2

Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdstwodsyearsdsduringdsthedslifetimedsofdsthedsinsured.
WhichdsstatementdsdescribesdsthedsintentdsofdsthedsCaliforniadsFinancialdsInformationdsPrivacydsAct?

1
ItdsenablesdsanddsauthorizesdsthedsGramm-Leach-BlileydsActdsintodsCaliforniadslegaldssystem.
2
ItdspermitsdscivildslawsuitsdsagainstdsfinancialdsinstitutionsdswhodsviolatedsthedsGramm-Leach-BlileydsAct.
3
ItdsprovidesdsgreaterdsprivacydsprotectionsdsthandsthosedsprovideddsindsthedsfederaldsGramm-Leach-BlileydsAct.
4
ItdspermitsdsgreaterdsflexibilitydstodsfinancialdsinstitutionsdsthandsprivacydsprotectionsdsenacteddsindsGramm-
Leach-BlileydsAct.ds-dscorrectdsanswers-3
ItdsprovidesdsgreaterdsprivacydsprotectionsdsthandsthosedsprovideddsindsthedsfederaldsGramm-Leach-BlileydsAct.
AlldsofdsthedsfollowingdsaredsTRUEdsaboutdsthedsrulesdsregardingdsthedssaledsofdslifedsinsurancedsanddsannuitiesdstod
sseniorsdsageds65dsordsolderdsEXCEPT




1
thedsseniordsisdsentitleddstodshavedsothersdspresentdsduringdsanydspresentationdsbydsandsagent,dsbrokerdsordsinsur
er.
2
alldsinsurancedsbrokers,dsagents,dsordsinsurersdsowedsadsprospectivedsinsureddsatds65dsyearsdsordsolderdsadsdutydsof
dshonesty,dsgooddsfaith,dsanddsfairdsdealing.

3
thedsagent,dsbrokerdsordsinsurerdsisdsrequireddstodsshowdsadscopydsofdstheirdsinsurancedslicensedswithdsname,dsadd
ress,dsanddsphonedsnumberdswhendsconductingdsbusinessdsindsthedssenior'sdshome.
4
advancedsnoticedsmustdsbedsprovideddstodsthedsseniordsdisclosingdsanddsidentifyingdsdetailsdsofdsthedsvisitdsanddst
hedsagentdsordsbrokerdspriordstodsthedsscheduleddsmeeting.ds-dscorrectdsanswers-3
thedsagent,dsbrokerdsordsinsurerdsisdsrequireddstodsshowdsadscopydsofdstheirdsinsurancedslicensedswithdsname,dsadd
ress,dsanddsphonedsnumberdswhendsconductingdsbusinessdsindsthedssenior'sdshome.
Alldsofdsthedsfollowingdsaredsadsdutydsofdsandsinsurerdsindsregardsdstodsclaimsdsondsfiledsanddsrecorddsdocumentatio
ndsEXCEPT

, 1
maintainingdsclaimdsdatadssodsthatdsandsinsurerdsshalldsbedsabledstodsprovidedsthedsclaimdsnumber,dslinedsofdscover
age,dsanddsotherdspertinentdsdata.
2
recordingdsthedsdatedsthedslicenseedsreceived,dsdate(s)dsthedslicenseedsprocesseddsanddsdatedsthedslicenseedstran
smitteddsordsmaileddseverydsmaterialdsanddsrelevantdsdocumentdsindsthedsfile.
3
maintainingdsanydssalesdsmaterial,dswhichdshaddsadsmaterialdsimpactdsondsthedsclaimsdsprocess.
4
maintainingdsclaimdsfilesdsthatdsaredsaccessible,dslegible,dsanddsclaimdsofdsduplication.ds-dscorrectdsanswers-3
maintainingdsanydssalesdsmaterial,dswhichdshaddsadsmaterialdsimpactdsondsthedsclaimsdsprocess.
"Person"dsmeansdsalldsofdsthedsfollowingdsEXCEPT

1
andsassociation.
2
adscorporation.
3
adsbusinessdstrust.
4
andsorganizationaldstrust.ds-dscorrectdsanswers-4
andsorganizationaldstrust.
Whichdsofdsthedsfollowingdsmaydsbedsinsureddsagainst?

1
Disability.
2
Accidentaldsdeath.
3
Wageringdslosses.
4
Catastrophicdslosses.ds-dscorrectdsanswers-3
Wageringdslosses.
Whendsisdsitdsallowabledsfordsadswrittendsapplicationdsfordsanydsdisabilitydspolicydstodsbedsaltered?

1
bydsthedsinsurer,dsfordsadministrativedspurposesdsonly,dswhendsitdsisdscleardsthatdsthedsapplicantdshasdsnotdsmadeds
thedsinsertions
2
bydsthedsagentdswhodsnoticesdsandserrordsthatdsisdsindsdisagreementdswithdswrittendsinformationdsondsfiledsfordstha
tdsapplicant
3
bydsandsagentdswhodsverballydsnotifiesdsthedsinsured,dsfordscommissiondsadjustments,dsofdsthedsreasonsdsfordsthed
ssuggesteddsalterations

4
bydsthedsinsurer,dstodsrecorddssuchdschangesdsasdstodsmodifydsthedsapplicationdstodsmeetdsalldsrequirementsdsofdst
hedsCaliforniadsInsurancedsCodeds-dscorrectdsanswers-1

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