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PSI Exam questions
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Exam of 4 pages for the course PSI Practice at PSI Practice (PSI Exam questions)
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PSI Exam questionsAccording 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 definition of "transact" as applied
to insurance - CORRECT ANSWER-negotiations preliminary to execution
all of the following are duty of an insurer in regards to claims on file an record
documentation except - CORRECT ANSWER-maintaining sales material, which
had a material impact on the claims process
which of the following may be insured against - CORRECT ANSWER-wagering
losses
which of the following are penalties for unlawfully acting as an insurer without a
certificate of authority except - CORRECT ANSWER-the individual will be
banned from practicing for a period of 5 years
which of the following is true regarding non admitted insurers - CORRECT
ANSWER-acting as an agent for a nonadmitted insurer is considered a
misdemeanor
how is an insurance policy defined - CORRECT ANSWER-the written instrument
in which a contract of insurance is set forth
which circumstances in a pretext interview determine if the questions are
permissable - CORRECT ANSWER-when an insured is consulted by a person
who hides his true identity on purpose when fraud for a claim is suspected
which would permit an insurer to escape insolvency - CORRECT
ANSWER-possession of assets equal to the total paid in capital after all liabilities
and reinsurance
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