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PSI LIFE, ACCIDENT, HEALTH PRACTICE EXAM
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2025| BRAND NEW ACTUAL EXAM WITH 100%
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j VERIFIED QUESTIONS AND CORRECT j j j
SOLUTIONS| GUARANTEED VALUE PACK| ACE
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YOUR GRADES.
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Which is an ACCURATE statement regarding benefits of Medicare supplement
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and Medicare select plans?
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1. The insurer is able to cancel, or deny renewal of an existing policy,
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based solely on the health of the insured.
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2. There is no restriction for benefits after the coverage has been in
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effect for six months when involving a preexisting condition.
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3. The coverage for a loss from an illness or disease is treated differently
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than for a loss resulting from an injury due to an accident.
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4. The coverage for a spouse cannot be terminated for any reason,
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including for nonpayment of premiums. - Correct Answer-2
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There is no restriction for benefits after the coverage has been in effect for six
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months when involving a preexisting condition.
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How is the insurance commissioner chosen?
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1. Elected by the people. j j j
2. Appointed by the Governor j j j
3. Selected by a vote in the House and the Senate. j j j j j j j j j
4. Randomly selected from a list of qualified candidates. - Correct j j j j j j j j j
Answer-1
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Elected by the people. j j j
, Page |2 j j
An insurance agent is a person who transacts all of the following types of
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insurance EXCEPT:
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1. annuities.
2. homeowners.
3. auto insurance. j
4. life insurance. - Correct Answer-4
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j life insurance.
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The California Legislature declared all of the following when creating the
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Healthy Families Program EXCEPT:
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1. that most uninsured children come from low-income families.
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2. lack of educational resources for children and their parents leads to
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increased medical expenses.
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3. that lack of insurance coverage for children results in reduced access to
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medical services.
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4. when a child is seriously ill or injured, the costs of needed medical
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care can force families into financial ruin. - Correct Answer-2
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lack of educational resources for children and their parents leads to increased
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medical expenses.
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Which of the following BEST defines the general concept of the 24-hour care
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plan?
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, Page |3 j j
1. It integrates workers compensation medical care with the care
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provided by group health insurance.
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2. It provides immediate medical care from any source for injuries on
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which occur on the job.
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3. It permits non job related injuries to be treated through the worker?s
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compensation program.
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4. It pays any medical bill from a job related injury for services within the first
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24 hours of the injury. - Correct Answer-1
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It integrates workers compensation medical care with the care provided by
j j j j j j j j j j
group health insurance.
j j j
How does an "admitted" person differ from an "nonadmitted" person, as it
j j j j j j j j j j j
pertains to insurance?
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1. An "admitted" person has admitted to a crime or fraud, while a
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"nonadmitted" person has not.
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2. An "admitted" person has been granted admission to an insurance
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association, while a "nonadmitted" person has not been accepted.
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3. An "admitted" person has been admitted to an accreditation program,
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while a "nonadmitted" person has yet to earn the credits.
j j j j j j j j j j
4. An "admitted" person has the right to transact insurance business
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within the state, while a "nonadmitted" person is not entitled to this
j j j j j j j j j j j j
action. - Correct Answer-4
j j j j
An "admitted" person has the right to transact insurance business within the
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state, while a "nonadmitted" person is not entitled to this action.
j j j j j j j j j j j
When may a licensee surrender for cancellation any license under which they
j j j j j j j j j j j
are permitted to act?
j j j j
, Page |4 j j
1. upon renewal of the license j j j j
2. within 60 days of renewal of their license j j j j j j j
3. at any time j j
4. when they no longer have any clients with policies in force - Correct
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Answer-3
j
at any time
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When does a disability policy become incontestable as to the statements
j j j j j j j j j j
contained in the application?
j j j j
1. After this policy been in force for a period of one year during the lifetime of
j j j j j j j j j j j j j j j
j the insured.
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2. After this policy been in force for a period of two years during the lifetime of
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j the insured.
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3. When the company has confirmed all of the statements and issued a
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j binding contract. j
4. Two years after the date of the application when a conditional receipt
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j has been issued. - Correct Answer-2
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After this policy been in force for a period of two years during the lifetime of the
j j j j j j j j j j j j j j j j
insured.
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Which statement describes the intent of the California Financial Information
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Privacy Act?
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1. It enables and authorizes the Gramm-Leach-Bliley Act into California
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legal system.
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2. It permits civil lawsuits against financial institutions who violate the
j j j j j j j j j
Gramm-Leach-Bliley Act.
j j
PSI LIFE, ACCIDENT, HEALTH PRACTICE EXAM
j j j j j
2025| BRAND NEW ACTUAL EXAM WITH 100%
j j j j j j j
j VERIFIED QUESTIONS AND CORRECT j j j
SOLUTIONS| GUARANTEED VALUE PACK| ACE
j j j j j
YOUR GRADES.
j j
Which is an ACCURATE statement regarding benefits of Medicare supplement
j j j j j j j j j
and Medicare select plans?
j j j j
1. The insurer is able to cancel, or deny renewal of an existing policy,
j j j j j j j j j j j j
based solely on the health of the insured.
j j j j j j j j
2. There is no restriction for benefits after the coverage has been in
j j j j j j j j j j j
effect for six months when involving a preexisting condition.
j j j j j j j j j
3. The coverage for a loss from an illness or disease is treated differently
j j j j j j j j j j j j
than for a loss resulting from an injury due to an accident.
j j j j j j j j j j j j
4. The coverage for a spouse cannot be terminated for any reason,
j j j j j j j j j j
including for nonpayment of premiums. - Correct Answer-2
j j j j j j j j
There is no restriction for benefits after the coverage has been in effect for six
j j j j j j j j j j j j j j
months when involving a preexisting condition.
j j j j j j
How is the insurance commissioner chosen?
j j j j j
1. Elected by the people. j j j
2. Appointed by the Governor j j j
3. Selected by a vote in the House and the Senate. j j j j j j j j j
4. Randomly selected from a list of qualified candidates. - Correct j j j j j j j j j
Answer-1
j
Elected by the people. j j j
, Page |2 j j
An insurance agent is a person who transacts all of the following types of
j j j j j j j j j j j j j
insurance EXCEPT:
j j
1. annuities.
2. homeowners.
3. auto insurance. j
4. life insurance. - Correct Answer-4
j j j j
j life insurance.
j
The California Legislature declared all of the following when creating the
j j j j j j j j j j
Healthy Families Program EXCEPT:
j j j j
1. that most uninsured children come from low-income families.
j j j j j j j
2. lack of educational resources for children and their parents leads to
j j j j j j j j j j
increased medical expenses.
j j j
3. that lack of insurance coverage for children results in reduced access to
j j j j j j j j j j j
medical services.
j j
4. when a child is seriously ill or injured, the costs of needed medical
j j j j j j j j j j j j
care can force families into financial ruin. - Correct Answer-2
j j j j j j j j j j
lack of educational resources for children and their parents leads to increased
j j j j j j j j j j j
medical expenses.
j j
Which of the following BEST defines the general concept of the 24-hour care
j j j j j j j j j j j j
plan?
j
, Page |3 j j
1. It integrates workers compensation medical care with the care
j j j j j j j j
provided by group health insurance.
j j j j j
2. It provides immediate medical care from any source for injuries on
j j j j j j j j j j
which occur on the job.
j j j j j
3. It permits non job related injuries to be treated through the worker?s
j j j j j j j j j j j
compensation program.
j j
4. It pays any medical bill from a job related injury for services within the first
j j j j j j j j j j j j j j
24 hours of the injury. - Correct Answer-1
j j j j j j j j
It integrates workers compensation medical care with the care provided by
j j j j j j j j j j
group health insurance.
j j j
How does an "admitted" person differ from an "nonadmitted" person, as it
j j j j j j j j j j j
pertains to insurance?
j j j
1. An "admitted" person has admitted to a crime or fraud, while a
j j j j j j j j j j j
"nonadmitted" person has not.
j j j j
2. An "admitted" person has been granted admission to an insurance
j j j j j j j j j
association, while a "nonadmitted" person has not been accepted.
j j j j j j j j j
3. An "admitted" person has been admitted to an accreditation program,
j j j j j j j j j
while a "nonadmitted" person has yet to earn the credits.
j j j j j j j j j j
4. An "admitted" person has the right to transact insurance business
j j j j j j j j j
within the state, while a "nonadmitted" person is not entitled to this
j j j j j j j j j j j j
action. - Correct Answer-4
j j j j
An "admitted" person has the right to transact insurance business within the
j j j j j j j j j j j
state, while a "nonadmitted" person is not entitled to this action.
j j j j j j j j j j j
When may a licensee surrender for cancellation any license under which they
j j j j j j j j j j j
are permitted to act?
j j j j
, Page |4 j j
1. upon renewal of the license j j j j
2. within 60 days of renewal of their license j j j j j j j
3. at any time j j
4. when they no longer have any clients with policies in force - Correct
j j j j j j j j j j j j
Answer-3
j
at any time
j j
When does a disability policy become incontestable as to the statements
j j j j j j j j j j
contained in the application?
j j j j
1. After this policy been in force for a period of one year during the lifetime of
j j j j j j j j j j j j j j j
j the insured.
j
2. After this policy been in force for a period of two years during the lifetime of
j j j j j j j j j j j j j j j
j the insured.
j
3. When the company has confirmed all of the statements and issued a
j j j j j j j j j j j
j binding contract. j
4. Two years after the date of the application when a conditional receipt
j j j j j j j j j j j
j has been issued. - Correct Answer-2
j j j j j
After this policy been in force for a period of two years during the lifetime of the
j j j j j j j j j j j j j j j j
insured.
j
Which statement describes the intent of the California Financial Information
j j j j j j j j j
Privacy Act?
j j
1. It enables and authorizes the Gramm-Leach-Bliley Act into California
j j j j j j j j
legal system.
j j
2. It permits civil lawsuits against financial institutions who violate the
j j j j j j j j j
Gramm-Leach-Bliley Act.
j j
