PSI Life, Accident, and Health Exam
Questions with Correct Answers |
Exam Prep | Graded A+
‣ 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. . Answer: 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. . Answer: 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. . Answer: 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. . Answer: 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. .
Answer: 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 cancellation any license under
which they are permitted to act?
1
upon renewal of the license
2
within 60 days of renewal of their license
3
at any time
4
when they no longer have any clients with policies in force . Answer: 3
at any time
‣ When does a disability policy become incontestable as to the
statements contained in the application?
Questions with Correct Answers |
Exam Prep | Graded A+
‣ 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. . Answer: 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. . Answer: 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. . Answer: 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. . Answer: 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. .
Answer: 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 cancellation any license under
which they are permitted to act?
1
upon renewal of the license
2
within 60 days of renewal of their license
3
at any time
4
when they no longer have any clients with policies in force . Answer: 3
at any time
‣ When does a disability policy become incontestable as to the
statements contained in the application?
