PSI Life, Accident, Health Practice Exam Updated Questions with 100% Correct Answers | Latest & Verified complete solutions bundles

Which of the following is TRUE regarding continuing education requirements of an agent or broker? - CORRECT ANSWER-Any licensee shall satisfactorily complete 24 hours of instruction prior to license renewal. How is an insurance policy defined? - CORRECT ANSWER-The written instrument, in which a ...

According to administrative procedures, what is required to make changes to California insurance code? - CORRECT ANSWER-The department of insurance is required to publish proposed changes 45 days prior to the hearing or decision to adopt the change Which form of negotiation is covered under the ...

All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - CORRECT ANSWER-Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - CORRECT ANSWER-A first insurer issues insurance to com...

1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - CORRECT ANSWER-The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of the following EXCEPT - CORRECT AN...

What is the procedure regarding change of address for a licensee? - CORRECT 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 whe...

60 min 60 multiple choice 75% to Pass - CORRECT ANSWER-50/60 questions are graded Need 38/50 to Pass Dental Board of California - CORRECT ANSWER-Division of Department of Consumer Affairs Dental Board of California- 15 members - CORRECT ANSWER-8 Practicing Dentists (1 must be a member of the ...

who is not eligible for social security survivor benefits? A. Full-time students under the age of 19 B. A deceased worker's dependent parents of any age C. A widow at any age who is caring for children younger than 16 D. A widow at full retirement age - CORRECT ANSWER-A deceased worker's depe...

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? - CORRECT ANSWER-Benefits are adjusted to an amount that the premium would have purchased at the correct age or gend...

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? - CORRECT ANSWER-Benefits are adjusted to an amount that the premium would have purchased at the correct age or gend...

What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under this p...

What happens under a misstatement of age clause on a disability policy? 1. The policy would be terminated and all premiums would be returned to the policy owner. 2. The policy would be terminated and all premiums would be retained by the insurance company. 3. All amounts payable under this p...

Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - CORRECT ANSWER-Exclusive Remedy Which of the fol...

Domicile - CORRECT ANSWER-refers to the jurisdiction (i.e., state or country) where an insurer is formed or incorporated Domestic Insurer - CORRECT ANSWER-An insurer organized under the laws of this state, whether or not it is admitted to do business in this state. Foreign Insurer - CORRECT ANSW...

A provision that allows a policy owner to withdraw a policy's cash value interest free is - CORRECT ANSWER-Partial surrender Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - CORRECT ...

What type of report provides information about an applicant's hobbies, habits, and financial status? - CORRECT ANSWER-Investigative consumer report What are the three factors that determine the premium for a particular life insurance policy? - CORRECT ANSWER-Mortality, interest, expense How doe...

Which of the following is usually the owner of the annuity? - CORRECT ANSWER-The annuitant Which of the following is not true of the straight life income option for annuities? - CORRECT ANSWER-A beneficiary will receive any balance of the annuity upon the annuitant's death. When an insurance p...

A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called - CORRECT ANSWERall of the following are examples of business continuity plan except - CORRECT ANSWER-Deferred Compensation All of these are valid options for an Adjustable Life P...

The Social Security age of retirement is dependent upon: - CORRECT ANSWER-The individual's date of birth. Whole Life insurance is permanent insurance provides a _________ death benefit combining __________ insurance protection and __________ cash value. - CORRECT ANSWER-Level, Decreasing, Incre...

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - CORRECT ANSWER-preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - CORRECT ANSWER-better than average mortality ...

LIFE INSURANCE - CORRECT ANSWER-Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE - CORRECT ANSWER-Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BEN...

This term affirms the doctor-patient relationship and affirms the foundation for informed consent, protecting patient confidentiality and upholding veracity - CORRECT ANSWER-autonomy this term is often cited as a fundamental principle of ethics, is the obligation to benefit others and seek their...

what are the RDH functions without supervision - CORRECT ANSWER-educational services, oral health training and screening, refering patient out, apply fluoride, pit & fissure sealants in any public health programs administered by the government and submit any insurance or third-party claims what ...

Which of the following is TRUE of a point of service plan - CORRECT ANSWER-A patient's care is coordinated by an in-network primary care physician. In a Level term life policy, which always remains constant ? - CORRECT ANSWER-death benefit which part of an insurance contract contains the promi...

Admitted Insurance Company vs. Non-Admitted Insurance Company - CORRECT ANSWER-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not...

Which of the following is TRUE regarding who qualifies for coverage under the California Fair Access to Insurance Requirements plan? 1. Any person who is unable to obtain basic property insurance through normal channels. 2. Any person who qualifies will receive superior coverage to other forms...

A participating company is also referred to as which type of insurer? - CORRECT ANSWER-Mutual insurer An insurer owned by its policyholders, is called a - CORRECT ANSWER-Mutual insurer What is a participating life insurance policy? - CORRECT ANSWER-Contract that allows the policyowner to receiv...

Other structures are excluded from coverage under the HO-3 when they are: Smaller than 100 square feet or larger than 1,000 square feet Smaller than 100 square feet or larger than 500 square feet Used for storage purposes Used for business purposes - CORRECT ANSWER-Used for business purposes is...

All of the following are requirements for an applicant to be licensed as a life & disability insurance analyst EXCEPT - CORRECT ANSWER-having been employed by an insurance company . Life and Disability Insurance Analysts must provide an agreement with a statement that includes all of the followi...