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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 life, accident, and health questions and answers 100% pass How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded ...

PSI Property and Casualty Practice Test – California Exam Questions (128 terms) with Answers . Terms like; 1. How does an "admitted" person differ from a "non-admitted" person, as it pertains to insurance? - Answer: An "admitted" person has the right to transact insurance business within the state, while a "non-admitted" person is not entitled to this action.

PSI Exam Questions and Answers 100% Pass what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licensing Laws, which of the ...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probabl...

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...

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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...