CA PSI Site - Life, Accident and Health
v v v v v v v
Agent Examination (Life Agent)
v v v v
4 factors of a legitimate contract - ANS-1) Competent Parties
v v v v v v v v v
2) Legal Purpose v
3) Agreement (offer and attractiveness) v v v
4) Consideration
62) Under a disability profits coverage coverage with an "very own occupation" clause, an
v v v v v v v v v v v v v
worker who can no longer carry out the responsibilities of the job held at the time of harm is
v v v v v v v v v v v v v v v v v v v
taken into consideration:
v v v
A. Gainfully disabled v
B. Totally disabled v
C. Presumptively disabled v
D. Medically disabled - ANS-B v v v
A disability policy is issued and premiums are paid on an annual foundation on the 1st of
v v v v v v v v v v v v v v v v
January. At the first anniversary, the insured comes to a decision they do no longer want to
v v v v v v v v v v v v v v v v v
renew the policy and they do now not pay the top rate. On the eighth day after the top rate due
v v v v v v v v v v v v v v v v v v v v v
date, the insured submits a declare for medical costs. How will the organisation respond to the
v v v v v v v v v v v v v v v v
claim ?
v v
A. It will now not be paid because the policy expired on the anniversary date.
v v v v v v v v v v v v v
B. It can be paid due to the fact the insured did not request a formal cancellation
v v v v v v v v v v v v v v v
C. It might be paid because the loss changed into no longer reported inside the grace duration.
v v v v v v v v v v v v v v v
D. It could be paid due to the fact the loss came about in the grace period. - ANS-D
v v v v v v v v v v v v v v v v v
A health insurance settlement states that if, in the course of the primary 30 days after the
v v v v v v v v v v v v v v v v
policy's effective date, an contamination occurs, there might be no blessings paid out of the
v v v v v v v v v v v v v v v
coverage. What is this period of time referred to as?
v v v v v v v v v v
A. Probationary length v
B. Illness waiver v
C. Waiver length v
D. Benefit duration - ANS-B v v v
A clinic confinement indemnity coverage policy can pay: - ANS-A every day dollar benefit for
v v v v v v v v v v v v v v
every day the insured is constrained to a health facility
v v v v v v v v v v
A coverage owner has the proper to change all the following, except:
v v v v v v v v v v v
A. The beneficiary v
B. The payment mode v v
, C. The dividend time table v v v
D. The dividend alternative - ANS-Cv v v v
A coverage owner makes the remaining premium charge on his $250,000 non-par complete
v v v v v v v v v v v v
lifestyles policy today. The proprietor is 70 years of age. When will the coins value reach
v v v v v v v v v v v v v v v v
$250,000.
A. About 13 years from now v v v v
B. The cash price is $250,000 todayv v v v v
C. Never, he did not pay up to age one hundred v v v v v v v v v
D. When he reaches the age of one hundred - ANS-D v v v v v v v v v
A supplemental insurance coverage that will pay a hard and fast amount for every day that an
v v v v v v v v v v v v v v v v
individual is hospitalized is referred to as:
v v v v v v v
A. Long term care complement v v v
B. Temporary principal scientific v v
C. Hospital confinement indemnity v v
D. Hospital surgical fee - ANS-C v v v v
Accidental Death Benefit rider - ANS-Life Insurance Rider affecting the loss of life advantage
v v v v v v v v v v v v v
amount
v
May be referred to as more than one indemnity rider
v v v v v v v v v
In the occasion of a claim, the policy commonly will pay double or triple the face amount
v v v v v v v v v v v v v v v v
handiest if the insured's loss of life become a result of an twist of fate.
v v v v v v v v v v v v v v v
The benefit is payable only if dying happens before a particular age and within ninety days of
v v v v v v v v v v v v v v v v
the accident
v v
According to Employee Retirement Income Security Act of 1974 (ERISA) fiduciary requirements,
v v v v v v v v v v v
benefit plans are operated for:
v v v v v
A. Plan sponsors and beneficiaries v v v
B. Plan members and personnel v v v
C. Plan sponsors and personnel v v v
D. Plan contributors and beneficiaries - ANS-D
v v v v v
According to state law, what size print ought to be used for the licensee's license wide variety on
v v v v v v v v v v v v v v v v v
all charge fees, commercial enterprise playing cards, and revealed fabric?
v v v v v v v v v v
A. There aren't any necessities for the license no. To be published on any printed cloth
v v v v v v v v v v v v v v
B. Larger print than every other revealed data at the material
v v v v v v v v v
C. The identical size print because the licensee's cellphone number, fax number or cope with
v v v v v v v v v v v v v
D. Small print a the bottom of the cloth - ANS-Cv v v v v v v v v
According to the phrases of the suicide clause discovered in a lifestyles coverage coverage, if
v v v v v v v v v v v v v v
an insured commits suicide 6 months after the coverage is issued, what will the insurer do ?
v v v v v v v v v v v v v v v v v
- ANS-Refund all of the charges paid
v v v v v v v
, Admitted Insurance Company vs. Non-Admitted Insurance Company - ANS-An admitted
v v v v v v v v v
insurance company is authorized to transact coverage in California because it has a Certificate
v v v v v v v v v v v v v v
of Authority granted through the California Department of Insurance (CDI)
v v v v v v v v v v
A non-admitted coverage business enterprise isn't authorized to transact coverage in California
v v v v v v v v v v v
due to failing to conform with California requirements or did no longer are searching for
v v v v v v v v v v v v v v v
admission
v
Adult Day Health Care - ANS-A LTC coverage designed to offer custodial care and supervision on
v v v v v v v v v v v v v v v
a day care foundation outdoor the house for individuals now not requiring 24-hour confinement
v v v v v v v v v v v v v v
in a nursing domestic nut who retain to live at home.
v v v v v v v v v v v
Aleatory Contract - ANS-The alternate of fee is unequal.
v v v v v v v v
Insured's top rate price is much less than the potential advantage to be acquired inside the
v v v v v v v v v v v v v v v
event of a loss.
v v v v
All of the following are examples of the dividend options available on a whole existence
v v v v v v v v v v v v v v
coverage coverage, besides:
v v v
A. One-year term option v v
B. Application to lessen top class v v v v
C. Paid-up additions v
D. Life profits with duration positive - ANS-D
v v v v v v
All of the subsequent are true regarding a coverage proprietor that ceases making top rate
v v v v v v v v v v v v v v
payments on a 10-pay life coverage and selects the extended time period coverage choice,
v v v v v v v v v v v v v v
except:
v
A. The face quantity can be the equal on the brand new extended term plan as the old 10-pay
v v v v v v v v v v v v v v v v v
life policy
v v
B. Premium payments not ought to be made. v v v v v v
C. The extended term policy will be in force a positive length and then expire.
v v v v v v v v v v v v v
D. The prolonged term coverage will mirror the same coins cost because the unique coverage -
v v v v v v v v v v v v v v
ANS-D
v
All of the subsequent are utilized in figuring out life coverage charges, except:
v v v v v v v v v v v v
A. Investment and interest return v v v
B. Insurance company costs v v
C. Mortality costs v
D. Policy reserves - ANS-Policy Reserves v v v v
All of the following statements approximately the gatekeeper system are true, except:
v v v v v v v v v v v
A. Specialists can pick to be gatekeepers for their patients v v v v v v v v
B. The insured should make use of their number one physicians who authorize all take care of
v v v v v v v v v v v v v v v
the insured
v v
C. Referrals to specialists need to be authorized by way of the gatekeeper v v v v v v v v v v v
D. Gatekeepers are a not unusual characteristic of HMO plans - ANS-B v v v v v v v v v v
v v v v v v v
Agent Examination (Life Agent)
v v v v
4 factors of a legitimate contract - ANS-1) Competent Parties
v v v v v v v v v
2) Legal Purpose v
3) Agreement (offer and attractiveness) v v v
4) Consideration
62) Under a disability profits coverage coverage with an "very own occupation" clause, an
v v v v v v v v v v v v v
worker who can no longer carry out the responsibilities of the job held at the time of harm is
v v v v v v v v v v v v v v v v v v v
taken into consideration:
v v v
A. Gainfully disabled v
B. Totally disabled v
C. Presumptively disabled v
D. Medically disabled - ANS-B v v v
A disability policy is issued and premiums are paid on an annual foundation on the 1st of
v v v v v v v v v v v v v v v v
January. At the first anniversary, the insured comes to a decision they do no longer want to
v v v v v v v v v v v v v v v v v
renew the policy and they do now not pay the top rate. On the eighth day after the top rate due
v v v v v v v v v v v v v v v v v v v v v
date, the insured submits a declare for medical costs. How will the organisation respond to the
v v v v v v v v v v v v v v v v
claim ?
v v
A. It will now not be paid because the policy expired on the anniversary date.
v v v v v v v v v v v v v
B. It can be paid due to the fact the insured did not request a formal cancellation
v v v v v v v v v v v v v v v
C. It might be paid because the loss changed into no longer reported inside the grace duration.
v v v v v v v v v v v v v v v
D. It could be paid due to the fact the loss came about in the grace period. - ANS-D
v v v v v v v v v v v v v v v v v
A health insurance settlement states that if, in the course of the primary 30 days after the
v v v v v v v v v v v v v v v v
policy's effective date, an contamination occurs, there might be no blessings paid out of the
v v v v v v v v v v v v v v v
coverage. What is this period of time referred to as?
v v v v v v v v v v
A. Probationary length v
B. Illness waiver v
C. Waiver length v
D. Benefit duration - ANS-B v v v
A clinic confinement indemnity coverage policy can pay: - ANS-A every day dollar benefit for
v v v v v v v v v v v v v v
every day the insured is constrained to a health facility
v v v v v v v v v v
A coverage owner has the proper to change all the following, except:
v v v v v v v v v v v
A. The beneficiary v
B. The payment mode v v
, C. The dividend time table v v v
D. The dividend alternative - ANS-Cv v v v
A coverage owner makes the remaining premium charge on his $250,000 non-par complete
v v v v v v v v v v v v
lifestyles policy today. The proprietor is 70 years of age. When will the coins value reach
v v v v v v v v v v v v v v v v
$250,000.
A. About 13 years from now v v v v
B. The cash price is $250,000 todayv v v v v
C. Never, he did not pay up to age one hundred v v v v v v v v v
D. When he reaches the age of one hundred - ANS-D v v v v v v v v v
A supplemental insurance coverage that will pay a hard and fast amount for every day that an
v v v v v v v v v v v v v v v v
individual is hospitalized is referred to as:
v v v v v v v
A. Long term care complement v v v
B. Temporary principal scientific v v
C. Hospital confinement indemnity v v
D. Hospital surgical fee - ANS-C v v v v
Accidental Death Benefit rider - ANS-Life Insurance Rider affecting the loss of life advantage
v v v v v v v v v v v v v
amount
v
May be referred to as more than one indemnity rider
v v v v v v v v v
In the occasion of a claim, the policy commonly will pay double or triple the face amount
v v v v v v v v v v v v v v v v
handiest if the insured's loss of life become a result of an twist of fate.
v v v v v v v v v v v v v v v
The benefit is payable only if dying happens before a particular age and within ninety days of
v v v v v v v v v v v v v v v v
the accident
v v
According to Employee Retirement Income Security Act of 1974 (ERISA) fiduciary requirements,
v v v v v v v v v v v
benefit plans are operated for:
v v v v v
A. Plan sponsors and beneficiaries v v v
B. Plan members and personnel v v v
C. Plan sponsors and personnel v v v
D. Plan contributors and beneficiaries - ANS-D
v v v v v
According to state law, what size print ought to be used for the licensee's license wide variety on
v v v v v v v v v v v v v v v v v
all charge fees, commercial enterprise playing cards, and revealed fabric?
v v v v v v v v v v
A. There aren't any necessities for the license no. To be published on any printed cloth
v v v v v v v v v v v v v v
B. Larger print than every other revealed data at the material
v v v v v v v v v
C. The identical size print because the licensee's cellphone number, fax number or cope with
v v v v v v v v v v v v v
D. Small print a the bottom of the cloth - ANS-Cv v v v v v v v v
According to the phrases of the suicide clause discovered in a lifestyles coverage coverage, if
v v v v v v v v v v v v v v
an insured commits suicide 6 months after the coverage is issued, what will the insurer do ?
v v v v v v v v v v v v v v v v v
- ANS-Refund all of the charges paid
v v v v v v v
, Admitted Insurance Company vs. Non-Admitted Insurance Company - ANS-An admitted
v v v v v v v v v
insurance company is authorized to transact coverage in California because it has a Certificate
v v v v v v v v v v v v v v
of Authority granted through the California Department of Insurance (CDI)
v v v v v v v v v v
A non-admitted coverage business enterprise isn't authorized to transact coverage in California
v v v v v v v v v v v
due to failing to conform with California requirements or did no longer are searching for
v v v v v v v v v v v v v v v
admission
v
Adult Day Health Care - ANS-A LTC coverage designed to offer custodial care and supervision on
v v v v v v v v v v v v v v v
a day care foundation outdoor the house for individuals now not requiring 24-hour confinement
v v v v v v v v v v v v v v
in a nursing domestic nut who retain to live at home.
v v v v v v v v v v v
Aleatory Contract - ANS-The alternate of fee is unequal.
v v v v v v v v
Insured's top rate price is much less than the potential advantage to be acquired inside the
v v v v v v v v v v v v v v v
event of a loss.
v v v v
All of the following are examples of the dividend options available on a whole existence
v v v v v v v v v v v v v v
coverage coverage, besides:
v v v
A. One-year term option v v
B. Application to lessen top class v v v v
C. Paid-up additions v
D. Life profits with duration positive - ANS-D
v v v v v v
All of the subsequent are true regarding a coverage proprietor that ceases making top rate
v v v v v v v v v v v v v v
payments on a 10-pay life coverage and selects the extended time period coverage choice,
v v v v v v v v v v v v v v
except:
v
A. The face quantity can be the equal on the brand new extended term plan as the old 10-pay
v v v v v v v v v v v v v v v v v
life policy
v v
B. Premium payments not ought to be made. v v v v v v
C. The extended term policy will be in force a positive length and then expire.
v v v v v v v v v v v v v
D. The prolonged term coverage will mirror the same coins cost because the unique coverage -
v v v v v v v v v v v v v v
ANS-D
v
All of the subsequent are utilized in figuring out life coverage charges, except:
v v v v v v v v v v v v
A. Investment and interest return v v v
B. Insurance company costs v v
C. Mortality costs v
D. Policy reserves - ANS-Policy Reserves v v v v
All of the following statements approximately the gatekeeper system are true, except:
v v v v v v v v v v v
A. Specialists can pick to be gatekeepers for their patients v v v v v v v v
B. The insured should make use of their number one physicians who authorize all take care of
v v v v v v v v v v v v v v v
the insured
v v
C. Referrals to specialists need to be authorized by way of the gatekeeper v v v v v v v v v v v
D. Gatekeepers are a not unusual characteristic of HMO plans - ANS-B v v v v v v v v v v
