PSI Post Assessment Actual Final Exam Questions with all Questions Accurately Answered 2024/2025
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Course
PCIP
Institution
PCIP
PSI Post Assessment Actual Final Exam Questions with all Questions Accurately Answered 2024/2025
Repurchase agreements collateralized by securities issued by the United States government. - correct answer bonds issued in all 50 states of the United States
When can a person act as an agent of ...
PSI Post Assessment Actual Final Exam Questions with all
Questions Accurately Answered 2024/2025
Repurchase agreements collateralized by securities issued by the United States
government. - correct answer bonds issued in all 50 states of the United States
When can a person act as an agent of the insurer
1.
When the agent participates in an insurer workshop
2.
When the agent receives a compliance illustration from the insurer
3.
When the insurer has accepted contracting paperwork from the agent
When the insurer has filed with the commissioner a notice of appointment -
correct answer when the insurer has filed with the commissioner a notice of
appointment
Which is an INACCURATE statement regarding underwriting based on genetic
testing
The proposed insured must pay for the cost of the testing.
The proposed insured must provide informed consent prior to the testing.
3.
The test results can be provided to the proposed insured, or to their physician to
whom the individual should consult.
4.
,The purpose is to create standards classified by risks to avoid discrimination
among proposed insureds with similar genetic markers. - correct answer The
proposed insured must pay for the cost of the testing.
When working on behalf of an insurer for which they are not specifically
appointed, what may a licensed agent do
Expect an insurer to approve a proposal for a life insurance policy
Accept payments for a policy in the form of cash, check, or money order
Present a proposal for insurance and transmit an application to the insurer
Transmit an application for an insurer who requested its agents to be exclusive. -
correct answer present a proposal for insurance and transmit an application to
the insurer
What is the purpose of creating minimum underwriting standards for those
testing positive for Acquired Immune Deficiency Syndrome, Human
Immunodeficiency Virus or Aids Related Complex
To ensure the premiums are comparable to those paid by individuals without
those conditions
To allow underwriting to administer the tests to determine if the proposed
insured has a condition without the consent of the individual
To avoid discrimination between individuals in the same rating class who have
been diagnosed with the condition of AIDS, ARC or HIV
,To allow the insurers to provide state of the art treatment for proposed insured
individuals who have tested positive for AIDS, ARC or HIV - correct answer o avoid
discrimination between individuals in the same rating class who have been
diagnosed with the condition of AIDS, ARC or HIV
Who is eligible to be an insurer
1.
Any person who actively solicits and transacts insurance business.
2.
Any person who scores 90 percent or more on the state insurance exam.
3.
Any person, licensee, or business organization who applies to transact insurance.
4.
Any person, company, organization, or corporation that is capable of making a
contract. - correct answer Any person, company, organization, or corporation that
is capable of making a contract
Which is an INACCURATE statement regarding blanket life insurance
The premium is remitted by the policyholder.
The policy is for the benefit of the policyholder
The insurance is written under a policy issued to a newspaper, magazine or other
periodical.
, The policy insures without any requirement of individual enrollment or individual
commitment. - correct answer The policy is for the benefit of the policyholder
Which of the following regarding the Pre-Existing Condition Program (PCIP) is
TRUE
The State of California has transitioned their PCIP to the Federally run PCIP
The State of California has expanded the PCIP as a requirement of the Affordable
Care Act.
The State of California PCIP is an integral component of the Affordable Care Act.
The PCIP allows California residents the opportunity to enroll in the program
regardless of health. - correct answer The State of California has transitioned their
PCIP to the Federally run PCIP
Which of the following BEST defines the general concept of the 24-hour care plan
1.
It integrates workers Compensation medical care with the care provided by group
health insurance.
2.
It provides immediate medical care from any source for injuries on which occur on
the job.
3.
It permits non-job-related injuries to be treated through the workers
compensation program.
4.
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