8/28/24, 8:25 AM PSI INSURANCE EXAM 2024 ACTUAL EXAM VERSIONS COMPLETE 230 QUESTIONS WITH DETAILED VERIFIED ANSW…
PSI INSURANCE EXAM 2024 ACTUAL EXAM
VERSIONS COMPLETE 230 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) GRADED A+
Terms in this set (228)
What is it called when a life multiple indemnity
insurance policy pays a
multiple of the coverage
amount when certain types
of accidents occur?
Upon the issuance of a 30 days
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?
Which of the following This option provides the highest monthly income.
statements regarding a
pure life annuity payout
option is correct?
Which of the following fraudulent misstatements
does not apply to the time
limit on certain defenses
provision in health
insurance policies?
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, 8/28/24, 8:25 AM PSI INSURANCE EXAM 2024 ACTUAL EXAM VERSIONS COMPLETE 230 QUESTIONS WITH DETAILED VERIFIED ANSW…
If an individual is insured The individual's policy pays first, the spouse's policy
by both their own health pays the remaining up to coverage amount.
insurance policy and their
spouse's policy, which
policy pays first in the
event of an illness?
When can the premiums of when the taxpayer's unreimbursed medical expenses
an individually owned exceed 7.5% of adjusted gross income during a taxable
health insurance policy be year
deducted from the
individual's income tax?
When the suicide clause is 2 year period.
inserted in a life insurance
contract, death by suicide
is not covered during the
policy's initial
Which of the following is a preventive care
characteristic of Health
Maintenance
Organizations (HMOs)?
The life insurance policy the producer has explained the policy to the client.
will not be truly effective
until all of the following
occur EXCEPT
Under which situation must when a third-party applicant names themselves
insurable interest exist beneficiary
between the applicant and
insured at the time of
application?
Which of the following is a The cash value earnings are based on the
distinguishing feature of a performance of the separate account.
variable life insurance
policy?
The person who receives annuitant.
the benefit of an annuity is
known as the
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