Exam (elaborations)
CA Accident and Health PSI Practice Test
- Module
- PSI Practice
- Institution
- PSI Practice
CA Accident and Health PSI Practice Test
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CA Accident and Health PSI Practice TestAll 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 following EXCEPT - CORRECT ANSWER-that
fees can be received for servicing a policy on which they were the selling agent .
All of the following are types of licenses EXCEPT - CORRECT
ANSWER-accident and health solicitor .
When is a person acting as a licensee allowed to act as an agent of the insurer ?
- CORRECT ANSWER-when the insurer has filed with the commissioner a notice
of appointment
When does a license become inactive for a broker ? - CORRECT
ANSWER-upon the termination of all appointments , or all endorsements
When may a licensee surrender for cancellation any license under which they are
permitted to act ? - CORRECT ANSWER-at any time .
Which of the following may be described as an " administrator " of life or health
coverage or annuities ? - CORRECT ANSWER-the Insurance Commissioner
who has access to the records for examination , audit , and inspection purposes
When is it allowable for a written application for any disability policy to be altered
? - CORRECT ANSWER-by the insurer , for administrative purposes only , when
it is clear that the applicant has not made the insertions
When is the practice of ' post claims ' underwriting allowable on disability
insurance covering hospital , medical or surgical expenses ? - CORRECT
ANSWER-At no time .
, The California Life and Health Insurance Guarantee Act provides coverage for all
of the following EXCEPT - CORRECT ANSWER-a stop - loss insurance plan .
Who is the California Life and Health & Guarantee Association is regulated by ? -
CORRECT ANSWER-The California Insurance Commissioner
A policy with a life insurance benefit for a disabled employee includes an
extension of benefits upon its discontinuance when all of the following are met
EXCEPT - CORRECT ANSWER-during a 30 day period in which to accept the
terms of the new policy .
Which of the following may insurers use in their underwriting ? - CORRECT
ANSWER-family medical history
In which situation is a person or other entity that provides coverage for medical
expenses NOT subject to the jurisdiction of the insurance department ? -
CORRECT ANSWER-When they are subject to the jurisdiction of another agency
of this or another state or the federal government .
A permitted form of group disability insurance that conforms to the CIC meets all
of the following conditions EXCEPT - CORRECT ANSWER-the group numbers
not less than 5 new entrants yearly .
Are dependents eligible for any premium refunds or dividends paid under any
policy of group disability insurance ? - CORRECT ANSWER-Yes , insured
employees are generally eligible as well as their dependents .
Can any life insurer issue group life insurance with premium rates less than the
usual rates for such insurance ? - CORRECT ANSWER-Yes , they may do so on
any group plan , with or without annuities .
When does a disability policy become incontestable as to the statements
contained in the application ? - CORRECT ANSWER-After this policy been in
force for a period of two years during the lifetime of the insured .
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