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PSI Life, Accident, Health Practice Exam Questions| questions and answers PSI Life, Accident, Health Practice Exam Questions| 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 d...

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  • October 28, 2024
  • 33
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • psi life accident health practice exam questions

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PSI Life, Accident, Health Practice Exam
ds ds ds ds ds ds




Questions| questions and answers
ds ds ds




WhichdsisdsandsACCURATEdsstatementdsregardingdsbenefitsdsofdsMedicaredssupplementdsanddsMedicaredsselectds
plans?

1
Thedsinsurerdsisdsabledstodscancel,dsordsdenydsrenewaldsofdsandsexistingdspolicy,dsbaseddssolelydsondsthedshealthdsofds
thedsinsured.
2
Theredsisdsnodsrestrictiondsfordsbenefitsdsafterdsthedscoveragedshasdsbeendsindseffectdsfordssixdsmonthsdswhendsinvo
lvingdsadspreexistingdscondition.
3
Thedscoveragedsfordsadslossdsfromdsandsillnessdsordsdiseasedsisdstreateddsdifferentlydsthandsfordsadslossdsresultingdsfr
omdsandsinjurydsduedstodsandsaccident.
4
Thedscoveragedsfordsadsspousedscannotdsbedsterminateddsfordsanydsreason,dsincludingdsfordsnonpaymentdsofdspre
miums.ds-dscorrectdsanswers-2
Theredsisdsnodsrestrictiondsfordsbenefitsdsafterdsthedscoveragedshasdsbeendsindseffectdsfordssixdsmonthsdswhendsinvo
lvingdsadspreexistingdscondition.
Howdsisdsthedsinsurancedscommissionerdschosen?

1
Electeddsbydsthedspeople.
2
AppointeddsbydsthedsGovernor
3
SelecteddsbydsadsvotedsindsthedsHousedsanddsthedsSenate.
4
Randomlydsselecteddsfromdsadslistdsofdsqualifieddscandidates.ds-dscorrectdsanswers-1
Electeddsbydsthedspeople.
AndsinsurancedsagentdsisdsadspersondswhodstransactsdsalldsofdsthedsfollowingdstypesdsofdsinsurancedsEXCEPT:

1
annuities.
2
homeowners.
3
autodsinsurance.
4
lifedsinsurance.ds-dscorrectdsanswers-4
lifedsinsurance.
ThedsCaliforniadsLegislaturedsdeclareddsalldsofdsthedsfollowingdswhendscreatingdsthedsHealthydsFamiliesdsProgram
dsEXCEPT:

,1
thatdsmostdsuninsureddschildrendscomedsfromdslow-incomedsfamilies.
2
lackdsofdseducationaldsresourcesdsfordschildrendsanddstheirdsparentsdsleadsdstodsincreaseddsmedicaldsexpenses.
3
thatdslackdsofdsinsurancedscoveragedsfordschildrendsresultsdsindsreduceddsaccessdstodsmedicaldsservices.
4
whendsadschilddsisdsseriouslydsilldsordsinjured,dsthedscostsdsofdsneededdsmedicaldscaredscandsforcedsfamiliesdsintodsfi
nancialdsruin.ds-dscorrectdsanswers-2
lackdsofdseducationaldsresourcesdsfordschildrendsanddstheirdsparentsdsleadsdstodsincreaseddsmedicaldsexpenses.
WhichdsofdsthedsfollowingdsBESTdsdefinesdsthedsgeneraldsconceptdsofdstheds24-hourdscaredsplan?

1
Itdsintegratesdsworkersdscompensationdsmedicaldscaredswithdsthedscaredsprovideddsbydsgroupdshealthdsinsurance
.
2
Itdsprovidesdsimmediatedsmedicaldscaredsfromdsanydssourcedsfordsinjuriesdsondswhichdsoccurdsondsthedsjob.
3
Itdspermitsdsnondsjobdsrelateddsinjuriesdstodsbedstreateddsthroughdsthedsworker?sdscompensationdsprogram.
4
Itdspaysdsanydsmedicaldsbilldsfromdsadsjobdsrelateddsinjurydsfordsservicesdswithindsthedsfirstds24dshoursdsofdsthedsinjur
y.ds-dscorrectdsanswers-1
Itdsintegratesdsworkersdscompensationdsmedicaldscaredswithdsthedscaredsprovideddsbydsgroupdshealthdsinsurance
.
Howdsdoesdsands"admitted"dspersondsdifferdsfromdsands"nonadmitted"dsperson,dsasdsitdspertainsdstodsinsurance?

1
Ands"admitted"dspersondshasdsadmitteddstodsadscrimedsordsfraud,dswhiledsads"nonadmitted"dspersondshasdsnot.
2
Ands"admitted"dspersondshasdsbeendsgranteddsadmissiondstodsandsinsurancedsassociation,dswhiledsads"nonadmitt
ed"dspersondshasdsnotdsbeendsaccepted.
3
Ands"admitted"dspersondshasdsbeendsadmitteddstodsandsaccreditationdsprogram,dswhiledsads"nonadmitted"dspers
ondshasdsyetdstodsearndsthedscredits.
4
Ands"admitted"dspersondshasdsthedsrightdstodstransactdsinsurancedsbusinessdswithindsthedsstate,dswhiledsads"nona
dmitted"dspersondsisdsnotdsentitleddstodsthisdsaction.ds-dscorrectdsanswers-4
Ands"admitted"dspersondshasdsthedsrightdstodstransactdsinsurancedsbusinessdswithindsthedsstate,dswhiledsads"nona
dmitted"dspersondsisdsnotdsentitleddstodsthisdsaction.
Whendsmaydsadslicenseedssurrenderdsfordscancellationdsanydslicensedsunderdswhichdstheydsaredspermitteddstodsact
?

1
upondsrenewaldsofdsthedslicense
2
withinds60dsdaysdsofdsrenewaldsofdstheirdslicense
3
atdsanydstime

,4
whendstheydsnodslongerdshavedsanydsclientsdswithdspoliciesdsindsforceds-dscorrectdsanswers-3
atdsanydstime
Whendsdoesdsadsdisabilitydspolicydsbecomedsincontestabledsasdstodsthedsstatementsdscontaineddsindsthedsapplicat
ion?

1
Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdsonedsyeardsduringdsthedslifetimedsofdsthedsinsured.
2
Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdstwodsyearsdsduringdsthedslifetimedsofdsthedsinsured.
3
Whendsthedscompanydshasdsconfirmeddsalldsofdsthedsstatementsdsanddsissueddsadsbindingdscontract.
4
Twodsyearsdsafterdsthedsdatedsofdsthedsapplicationdswhendsadsconditionaldsreceiptdshasdsbeendsissued.ds-
dscorrectdsanswers-2

Afterdsthisdspolicydsbeendsindsforcedsfordsadsperioddsofdstwodsyearsdsduringdsthedslifetimedsofdsthedsinsured.
WhichdsstatementdsdescribesdsthedsintentdsofdsthedsCaliforniadsFinancialdsInformationdsPrivacydsAct?

1
ItdsenablesdsanddsauthorizesdsthedsGramm-Leach-BlileydsActdsintodsCaliforniadslegaldssystem.
2
ItdspermitsdscivildslawsuitsdsagainstdsfinancialdsinstitutionsdswhodsviolatedsthedsGramm-Leach-BlileydsAct.
3
ItdsprovidesdsgreaterdsprivacydsprotectionsdsthandsthosedsprovideddsindsthedsfederaldsGramm-Leach-BlileydsAct.
4
ItdspermitsdsgreaterdsflexibilitydstodsfinancialdsinstitutionsdsthandsprivacydsprotectionsdsenacteddsindsGramm-
Leach-BlileydsAct.ds-dscorrectdsanswers-3
ItdsprovidesdsgreaterdsprivacydsprotectionsdsthandsthosedsprovideddsindsthedsfederaldsGramm-Leach-BlileydsAct.
AlldsofdsthedsfollowingdsaredsTRUEdsaboutdsthedsrulesdsregardingdsthedssaledsofdslifedsinsurancedsanddsannuitiesdstod
sseniorsdsageds65dsordsolderdsEXCEPT




1
thedsseniordsisdsentitleddstodshavedsothersdspresentdsduringdsanydspresentationdsbydsandsagent,dsbrokerdsordsinsur
er.
2
alldsinsurancedsbrokers,dsagents,dsordsinsurersdsowedsadsprospectivedsinsureddsatds65dsyearsdsordsolderdsadsdutydsof
dshonesty,dsgooddsfaith,dsanddsfairdsdealing.

3
thedsagent,dsbrokerdsordsinsurerdsisdsrequireddstodsshowdsadscopydsofdstheirdsinsurancedslicensedswithdsname,dsadd
ress,dsanddsphonedsnumberdswhendsconductingdsbusinessdsindsthedssenior'sdshome.
4
advancedsnoticedsmustdsbedsprovideddstodsthedsseniordsdisclosingdsanddsidentifyingdsdetailsdsofdsthedsvisitdsanddst
hedsagentdsordsbrokerdspriordstodsthedsscheduleddsmeeting.ds-dscorrectdsanswers-3
thedsagent,dsbrokerdsordsinsurerdsisdsrequireddstodsshowdsadscopydsofdstheirdsinsurancedslicensedswithdsname,dsadd
ress,dsanddsphonedsnumberdswhendsconductingdsbusinessdsindsthedssenior'sdshome.
Alldsofdsthedsfollowingdsaredsadsdutydsofdsandsinsurerdsindsregardsdstodsclaimsdsondsfiledsanddsrecorddsdocumentatio
ndsEXCEPT

, 1
maintainingdsclaimdsdatadssodsthatdsandsinsurerdsshalldsbedsabledstodsprovidedsthedsclaimdsnumber,dslinedsofdscover
age,dsanddsotherdspertinentdsdata.
2
recordingdsthedsdatedsthedslicenseedsreceived,dsdate(s)dsthedslicenseedsprocesseddsanddsdatedsthedslicenseedstran
smitteddsordsmaileddseverydsmaterialdsanddsrelevantdsdocumentdsindsthedsfile.
3
maintainingdsanydssalesdsmaterial,dswhichdshaddsadsmaterialdsimpactdsondsthedsclaimsdsprocess.
4
maintainingdsclaimdsfilesdsthatdsaredsaccessible,dslegible,dsanddsclaimdsofdsduplication.ds-dscorrectdsanswers-3
maintainingdsanydssalesdsmaterial,dswhichdshaddsadsmaterialdsimpactdsondsthedsclaimsdsprocess.
"Person"dsmeansdsalldsofdsthedsfollowingdsEXCEPT

1
andsassociation.
2
adscorporation.
3
adsbusinessdstrust.
4
andsorganizationaldstrust.ds-dscorrectdsanswers-4
andsorganizationaldstrust.
Whichdsofdsthedsfollowingdsmaydsbedsinsureddsagainst?

1
Disability.
2
Accidentaldsdeath.
3
Wageringdslosses.
4
Catastrophicdslosses.ds-dscorrectdsanswers-3
Wageringdslosses.
Whendsisdsitdsallowabledsfordsadswrittendsapplicationdsfordsanydsdisabilitydspolicydstodsbedsaltered?

1
bydsthedsinsurer,dsfordsadministrativedspurposesdsonly,dswhendsitdsisdscleardsthatdsthedsapplicantdshasdsnotdsmadeds
thedsinsertions
2
bydsthedsagentdswhodsnoticesdsandserrordsthatdsisdsindsdisagreementdswithdswrittendsinformationdsondsfiledsfordstha
tdsapplicant
3
bydsandsagentdswhodsverballydsnotifiesdsthedsinsured,dsfordscommissiondsadjustments,dsofdsthedsreasonsdsfordsthed
ssuggesteddsalterations

4
bydsthedsinsurer,dstodsrecorddssuchdschangesdsasdstodsmodifydsthedsapplicationdstodsmeetdsalldsrequirementsdsofdst
hedsCaliforniadsInsurancedsCodeds-dscorrectdsanswers-1

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