PSI Life, Accident, and Health
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
11-35 Practice Test exam with ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
correct answers ||\\||\\
Which type of receipt makes the insurer liable for the risk
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
from the date of application, regardless of the applicant's
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
insurability?
-Inspection receipt ||\\||\\
-temporary receipt ||\\||\\
-conditional receipt ||\\||\\
-binding receipt - correct answers ✔✔binding receipt
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following occurs immediately after the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
application is submitted and the initial premium is paid? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-the applicant's references
||\\||\\ ||\\||\\
-insurance goes into effect ||\\||\\ ||\\||\\ ||\\||\\
,-the beneficiaries are selected ||\\||\\ ||\\||\\ ||\\||\\
-the underwriting process begins - correct answers
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
✔✔The underwriting process begins ||\\||\\ ||\\||\\ ||\\||\\
The entire contract includes the actual policy and
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-certification of authority ||\\||\\ ||\\||\\
- application
||\\||\\
-consideration
-representations - correct answers ✔✔application ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following is TRUE of a point of service plan? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-A patients care is coordinated by an in-network primary
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
care physician ||\\||\\
-a patient may see any provider for any condition for the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
same cost and does not need to consult a primary care
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
physician
-patients must submit claim forms for all services received ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, -the difference in cost between in-network and out-of-
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
network is relatively small - correct answers ✔✔A patient ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
may see any provider for any condition for the same cost
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
and does not need to consult a primary care physician
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following may be thought of as a time ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
deductible rather a dollar deductible in a disability income ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
policy because benefits are not payable during a time?
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-benefit period ||\\||\\
-elimination period ||\\||\\
-probationary period ||\\||\\
-grace period - correct answers ✔✔Elimination Period ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
What is the maximum amount of time the insured has to ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
file legal action against the insurer?
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-10 years ||\\||\\
-3 years ||\\||\\
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
11-35 Practice Test exam with ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
correct answers ||\\||\\
Which type of receipt makes the insurer liable for the risk
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
from the date of application, regardless of the applicant's
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
insurability?
-Inspection receipt ||\\||\\
-temporary receipt ||\\||\\
-conditional receipt ||\\||\\
-binding receipt - correct answers ✔✔binding receipt
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following occurs immediately after the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
application is submitted and the initial premium is paid? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-the applicant's references
||\\||\\ ||\\||\\
-insurance goes into effect ||\\||\\ ||\\||\\ ||\\||\\
,-the beneficiaries are selected ||\\||\\ ||\\||\\ ||\\||\\
-the underwriting process begins - correct answers
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
✔✔The underwriting process begins ||\\||\\ ||\\||\\ ||\\||\\
The entire contract includes the actual policy and
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-certification of authority ||\\||\\ ||\\||\\
- application
||\\||\\
-consideration
-representations - correct answers ✔✔application ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following is TRUE of a point of service plan? ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-A patients care is coordinated by an in-network primary
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
care physician ||\\||\\
-a patient may see any provider for any condition for the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
same cost and does not need to consult a primary care
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
physician
-patients must submit claim forms for all services received ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, -the difference in cost between in-network and out-of-
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
network is relatively small - correct answers ✔✔A patient ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
may see any provider for any condition for the same cost
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
and does not need to consult a primary care physician
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Which of the following may be thought of as a time ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
deductible rather a dollar deductible in a disability income ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
policy because benefits are not payable during a time?
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-benefit period ||\\||\\
-elimination period ||\\||\\
-probationary period ||\\||\\
-grace period - correct answers ✔✔Elimination Period ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
What is the maximum amount of time the insured has to ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
file legal action against the insurer?
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
-10 years ||\\||\\
-3 years ||\\||\\
