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Ace your PSI Life, Accident, and Health Practice Exam with this comprehensive guide. Featuring verified questions and accurate answers, this resource provides realistic practice for insurance students and professionals. Updated for 2025, it covers key concepts in life insurance, accident coverage, and health policies, ensuring thorough preparation and A+ exam performance.

PSI Exam with Verified Questions with Correct answers Latest PSI Exam with Verified Questions with Correct answers Latest 2025/2026 GRADED A+ 2025/2026 GRADED A+PSI Exam with Verified Questions with Correct answers Latest 2025/2026 GRADED A+

Disability Insurance Terms Defined 100% Correct Answers Cash Surrender Value Rider - Returns premiums at age 65 if no claims made Flat Amount Benefit - Set amount in policy, often 50% of full benefit Americans with Disabilities Act (ADA) - Defines major life activities including working, learning, and more Own Occupation Definition - Requires inability to perform current occupation Purpose of Disability Income Insurance - Provides income benefit in case of disability due to acci...

The Commissioner of Insurance has the power to do all of the following EXCEPT - Answer-pass insurance laws The Commissioner has the duty to examine all of the following EXCEPT - Answer-temporary work agencies that supply clerical Before the Commissioner revokes the license of an intermediary, the Commissioner must first - Answer-hold an investigation An insurance intermediary's license becomes invalid in all of the following circumstances EXCEPT - Answer-when the licensee fails to me...

policy owner - Answer-usually, but not always the person covered by the policy beneficiary - Answer-the person who is paid when a claim is submitted agent/producer - Answer-acts as a legal representative of the insurance company broker - Answer-representative of the Insured, not the insurance company risk - Answer-The chance or uncertainty of loss Pure risk - Answer-the chance of experiencing a loss (without the possibility of gain). Only downside, no upside. Speculative ri...

Which coverage pays a monthly cash benefit following the elimination period for total disability due to accident or sickness? - Answer-Disability income insurance Which plan is most commonly paired with a High Deductible Health Plan? - Answer-Health Savings Account (HSA) Which is a primary difference between individual and group health insurance? - Answer-Individual insurance requires evidence of insurability. Which type of coverage pays the operating costs of a small business when the ...

Which of the following represents the primary amount of insurance for the HO-4? - Answer-3. Coverage C The claims-made liability form provides coverage from a date that precedes the policy effective date. Which of the following defines that date? - Answer-Retroactive date If the insured has a loss with a private passenger nonowned temporary substitute vehicle how will the loss be treated by the insured's own policy for physical damage? - Answer-The broadest coverage available extends fr...

In a case where an individual's health is insured by both their own policy and their spouse's policy, which policy pays in the event of an illness? 1. Only the individual's policy pays. 2. Both policies pay the full amount. 3. The individual's policy pays first, the spouse's policy pays the remaining up to coverage amount. 4. The policy that was purchased first pays first, the second policy pays the remaining up to coverage amount. - Answer-The individual's policy pays fi...

Which of the following term insurance types provides temporary protection that can be changed to some type of permanent protection without evidence of insurability? - Answer-convertible Which type of annuity attempts to offset inflation by providing a benefit linked to an underlying investment account? - Answer-variable In a level term life policy, which ALWAYS remains constant? - Answer-death benefit Which of the following is TRUE of the limited pay whole life policy? - Answer-Coverage...

which of the following is the type of insurance the government may step in to provide that is NOT ordinarily available for private insuerers - Answer-residential market which of the following describes an insurer that meets the insurance department's standards and is authorized to do business in the state - Answer-admitted in which of the following types of insurance organizations are profits returned to the insureds in the form of divendends - Answer-mutuals which of the following i...