Study guides, Class notes & Summaries

PSI Insurance Exam (OH, Life, Accidents, and Health) 100%Verified. What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - Correct answer-multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - Correct answer-30 days Which of the following statements regarding a pure l...

PSI Insurance Exam (OH, Life, Accidents, and Health) 100%Verified. What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - Correct answer-multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - Correct answer-30 days Which of the following statements regarding a pure...

PSI Insurance Exam (OH Life, Accident, and Health)-with 100% verified solutions 2024

PSI Insurance Exam (OH Life, Accident, and Health)-with 100% verified solutions 2024

PSI Insurance Exam (OH Life, Accident, and Health)-with 100% verified solutions 2024

PSI Insurance Exam Questions and Answers 100% Pass How can a licensee surrender any license for cancellation? -Answer-By submitting written notice or by delivering the license to the commissioner Practice Test Question: 6 All of the following are examples of misrepresentations that may not be made by an insurer, officer or agent thereof or an insurance broker or solicitor EXCEPT -Answer-the specific contract language ALL of the following are TRUE regarding the process to change the Califo...

PSI Practice Test 2024 Questions and Answers In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The company expects the percentage for project and company overhead to remain the same for the current year. The company desires to make a 10% profit on a project it is bidding. The project would have $80,000 in direct costs. What should the bid price be? - Answer ️️ -Between $110,000 and $120,000 Which of the following is c...

PSI Practice Test 2024 When does a license become inactive for a broker? 1. upon the termination of his or her employment 2. upon the termination of all appointments, or all endorsements 3. upon the 365th calendar day that a policy has not been written 4. upon the termination of all existing policies for which he or she is the writing broker - Answer ️️ -upon the termination of all appointments, or all endorsements How is the insurance commissioner chosen? 1. Elected by the peop...

PSI CA Insurance Test Questions and Answers Passed with 100% What is the procedure regarding change of address for a licensee? - Answer ️️ -The commissioner must be notified immediately of any change in the personal, business, or email address. What is the punishment for a person who refuses to deliver books, records, or assets to the commissioner when subject to a seizure order in an insolvency proceeding? - Answer ️️ -Not more than $1000 fine and/or 1 year imprisonment An agent...

PSI Practice test questions and answers Karaya Gum - Answer ️️ -Which of the following is the main ingredient is traditional waving lotion The use of products in unlabeled containers - Answer ️️ -Chemical safety includes all of the following except Evaluating income level - Answer ️️ -All of the following are effective prior to caring for a new nail client except Income - Answer ️️ -All of the following are determined during the client consultation based on their needs an...