Pa life exam Study guides, Class notes & Summaries

the underwriting process begins - ANSWER ☑☑happens immediately after the application is submitted and the initial premium is paid TEFRA - ANSWER ☑☑amends the social security act to make medicare secondary to group health plans Binding Receipt - ANSWER ☑☑a receipt that makes the insurer liable for the risk from the date of application, regardless of the applicants insurability stop-loss limit - ANSWER ☑☑a specified dollar amount beyond which the insured no longer part...

PA Life Insurance Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass

PA Life Accident & Health - WebCE practice exam questionsAlex sold an insurance policy before his license lapsed and earned a commission on the sale. Is he entitled to a commission if the policy is renewed? - correct answer yes, because he was licensed when the policy was sold Under the Old Age, Survivors, and Disability Insurance (OASDI) Program, eligible workers and their families may be entitled to receive all of the following EXCEPT: - correct answer Medical care benefits A claimant on...

PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS

PA Life practice exam from PSI (1)/Answered/A+ rated Obtaining consumer information reports under false pretenses is prosecutable by which of the following? 1. USA Patriot Act 2. Fair Credit Reporting Act 3. State laws where the applicant resides 4. Securities and Exchange Commission 2. Fair Credit Reporting Act All of the following are features of the spendthrift clause EXCEPT 1. proceeds are paid in some other way than a single lump sum. 2. proceeds are protected by the insur...

an immediate annuity has been purchased with a single premium. when does the annuitant typically begin receiving benefit payments? - ANS 1 month An insurer will accept a premium from the insured and continue the coverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - ANS Grace period The grace period is the amount of time an insurer continues coverage in full force and will accept the p...

PA LIFE PRACTICE EXAM FROM PSI (1) QUESTIONS AND ANSWERS

MPOETC EXAM #17disguised weapons to modify the appearance of a weapon in order to conceal the identity of the weapon, or to hide the weapon so it will not be seen or noticed -Illegal weapons carriers are frequently involved in drug activity -Weapons can be concealed or disguised on the person or in vehicle Specific and Articulable Movements RAISING SHOULDER-upward movement to pull/hide weapon from waistband SHOULDER DIP-bending over to pull/hide weapon from under seat Beha...

PA Life practice exam from PSI (1)/Answered/A+ rated PA Life practice exam from PSI (1)/Answered/A+ rated Obtaining consumer information reports under false pretenses is prosecutable by which of the following? 1. USA Patriot Act 2. Fair Credit Reporting Act 3. State laws where the applicant resides 4. Securities and Exchange Commission 2. Fair Credit Reporting Act All of the following are features of the spendthrift clause EXCEPT 1. proceeds are paid in some other way than a s...