©BRAINBARTER 2024/2025
PSI Life, Accident, Health Practice Exam
Questions With Verified Answers.
Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare
select plans?
1
The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of
the insured.
2
There is no restriction for benefits after the coverage has been in effect for six months when
involving a preexisting condition.
3
The coverage for a loss from an illness or disease is treated differently than for a loss resulting
from an injury due to an accident.
4
The coverage for a spouse cannot be terminated for any reason, including for nonpayment of
premiums. - answer✔2
There is no restriction for benefits after the coverage has been in effect for six months when
involving a preexisting condition.
How is the insurance commissioner chosen?
1
Elected by the people.
, ©BRAINBARTER 2024/2025
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.
, ©BRAINBARTER 2024/2025
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
, ©BRAINBARTER 2024/2025
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?
1
After this policy been in force for a period of one year during the lifetime of the insured.
2
After this policy been in force for a period of two years during the lifetime of the insured.
3
When the company has confirmed all of the statements and issued a binding contract.
4
Two years after the date of the application when a conditional receipt has been issued. -
answer✔2
After this policy been in force for a period of two years during the lifetime of the insured.
PSI Life, Accident, Health Practice Exam
Questions With Verified Answers.
Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare
select plans?
1
The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of
the insured.
2
There is no restriction for benefits after the coverage has been in effect for six months when
involving a preexisting condition.
3
The coverage for a loss from an illness or disease is treated differently than for a loss resulting
from an injury due to an accident.
4
The coverage for a spouse cannot be terminated for any reason, including for nonpayment of
premiums. - answer✔2
There is no restriction for benefits after the coverage has been in effect for six months when
involving a preexisting condition.
How is the insurance commissioner chosen?
1
Elected by the people.
, ©BRAINBARTER 2024/2025
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.
, ©BRAINBARTER 2024/2025
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
, ©BRAINBARTER 2024/2025
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?
1
After this policy been in force for a period of one year during the lifetime of the insured.
2
After this policy been in force for a period of two years during the lifetime of the insured.
3
When the company has confirmed all of the statements and issued a binding contract.
4
Two years after the date of the application when a conditional receipt has been issued. -
answer✔2
After this policy been in force for a period of two years during the lifetime of the insured.
