PSI LIFE ACCIDENT HEALTH EVALUATED EXAM QUESTIONS AND ANSWERS

PSI LIFE ACCIDENT HEALTH EVALUATED EXAM QUESTIONS AND 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. - CORRECT 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. 2 Appointed by the Governor