PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
2
There is no restriction for benefits after the coverage has been in effect for six
months when involving a preexisting condition.
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.
1
Elected by the people.
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.
4
life insurance.
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.
2025/10/23
,PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
2
lack of educational resources for children and their parents leads to increased
medical expenses.
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.
1
It integrates workers compensation medical care with the care provided by group
health insurance.
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.
2025/10/23
,PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
4
An "admitted" person has the right to transact insurance business within the state,
while a "nonadmitted" person is not entitled to this action.
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.
3
at any time
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
2
After this policy been in force for a period of two years during the lifetime of the
insured.
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.
2025/10/23
, PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
3
It provides greater privacy protections than those provided in the federal Gramm-
Leach-Bliley Act.
Which statement describes the intent of the
California Financial Information Privacy
Act?
1
It enables and authorizes the Gramm-
Leach-Bliley Act into California legal
system.
2
It permits civil lawsuits against financial
institutions who violate the Gramm-Leach-
Bliley Act.
3
It provides greater privacy protections than
those provided in the federal Gramm-
Leach-Bliley Act.
4
It permits greater flexibility to financial
institutions than privacy protections
enacted in Gramm-Leach-Bliley Act.
3
the agent, broker or insurer is required to show a copy of their insurance license
with name, address, and phone number when conducting business in the senior's
home.
All of the following are TRUE about the
rules regarding the sale of life insurance
and annuities to seniors age 65 or older
EXCEPT
1
the senior is entitled to have others present
during any presentation by an agent,
broker or insurer.
2
all insurance brokers, agents, or insurers
owe a prospective insured at 65 years or
older a duty of honesty, good faith, and fair
dealing.
3
the agent, broker or insurer is required to
show a copy of their insurance license with
name, address, and phone number when
conducting business in the senior's home.
4
advance notice must be provided to the
senior disclosing and identifying details of
the visit and the agent or broker prior to the
scheduled meeting.
2025/10/23
2
There is no restriction for benefits after the coverage has been in effect for six
months when involving a preexisting condition.
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.
1
Elected by the people.
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.
4
life insurance.
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.
2025/10/23
,PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
2
lack of educational resources for children and their parents leads to increased
medical expenses.
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.
1
It integrates workers compensation medical care with the care provided by group
health insurance.
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.
2025/10/23
,PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
4
An "admitted" person has the right to transact insurance business within the state,
while a "nonadmitted" person is not entitled to this action.
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.
3
at any time
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
2
After this policy been in force for a period of two years during the lifetime of the
insured.
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.
2025/10/23
, PSI Life, Accident, Health Practice Exam Questions & Answers SOLUTIONS
3
It provides greater privacy protections than those provided in the federal Gramm-
Leach-Bliley Act.
Which statement describes the intent of the
California Financial Information Privacy
Act?
1
It enables and authorizes the Gramm-
Leach-Bliley Act into California legal
system.
2
It permits civil lawsuits against financial
institutions who violate the Gramm-Leach-
Bliley Act.
3
It provides greater privacy protections than
those provided in the federal Gramm-
Leach-Bliley Act.
4
It permits greater flexibility to financial
institutions than privacy protections
enacted in Gramm-Leach-Bliley Act.
3
the agent, broker or insurer is required to show a copy of their insurance license
with name, address, and phone number when conducting business in the senior's
home.
All of the following are TRUE about the
rules regarding the sale of life insurance
and annuities to seniors age 65 or older
EXCEPT
1
the senior is entitled to have others present
during any presentation by an agent,
broker or insurer.
2
all insurance brokers, agents, or insurers
owe a prospective insured at 65 years or
older a duty of honesty, good faith, and fair
dealing.
3
the agent, broker or insurer is required to
show a copy of their insurance license with
name, address, and phone number when
conducting business in the senior's home.
4
advance notice must be provided to the
senior disclosing and identifying details of
the visit and the agent or broker prior to the
scheduled meeting.
2025/10/23
