PSI - LIFE, ACCIDENT, AND HEALTH – FULL EXAM QUESTIONS WITH VERIFIED ANSWERS

PSI - LIFE, ACCIDENT, AND HEALTH – FULL EXAM QUESTIONS WITH VERIFIED ANSWERS The insurer is required to report the agent appointment within 21 days of the policy issue. 4. If a policy is issued, the insurer is considered to have authorized the agent to act on its behalf. - Answer- If a policy is issued, the insurer is considered to have authorized the agent to act on its behalf Except as provided by sections 10203.5 and 10203.8 in the CIC, the insurer shall provide which document to be delivered by the employer to the employee? 1. A copy of the insurance policy. 2. An individual certificate of insurance. 3. A vestment schedule showing what the policy will be worth. 4. An individual packet including the application and the policy. - Answer- An individual certificate of insurance. After what time period is the policy considered to have been delivered in an acceptable way if premiums have been paid? 1. after 6 months if the premiums have been paid 2. after 1 year if the premiums have been paid by the insured 3. 30 days after the first premium has been received by the insurer