Psi life accident and h - Study guides, Class notes & Summaries

PSI Life Accident and Health Final Practice Exam Questions and Answers Dividends that are received by a life insurance policy holder can be taxed in what situation(s): I - When the dividend amount received exceeds the amount that the policy holder paid in premiums - CORRECT ANSWER-The amount received that is over and above the amount paid into the policy via premiums is considered to be gain and is therefore taxable. There are no dividends paid on term life insurance policies. Unde...

PSI LIFE ACCIDENT AND HEALTH - LONG Term Exam Actual Q&A Which of the following is TRUE regarding nonadmitted insurers? 1. A felony is committed by the agent in the state of a nonadmitted insurer. 2. Acting as an agent for a nonadmitted insurer is considered a misdemeanor. 3. The agent shall pay $1,000 in addition to any fees involving the commission of a felony. 4. Specific penalties shall be determined by the Insurance Commissioner on a case by case basis. - CORRECT ANSWER-Acti...

PSI Life Accident and Health Final Practice Exam Questions and Answers Dividends that are received by a life insurance policy holder can be taxed in what situation(s): I - When the dividend amount received exceeds the amount that the policy holder paid in premiums - CORRECT ANSWER-The amount received that is over and above the amount paid into the policy via premiums is considered to be gain and is therefore taxable. There are no dividends paid on term life insurance policies. Unde...

CA PSI LIFE, ACCIDENT AND HEALTH/ SICKNESS AGENT EXAMINATION (LIFE AGENT) LATEST ACTUAL EXAM

PSI LIFE ACCIDENT AND HEALTH - LONG Term Exam Actual Q&A Which of the following is TRUE regarding nonadmitted insurers? 1. A felony is committed by the agent in the state of a nonadmitted insurer. 2. Acting as an agent for a nonadmitted insurer is considered a misdemeanor. 3. The agent shall pay $1,000 in addition to any fees involving the commission of a felony. 4. Specific penalties shall be determined by the Insurance Commissioner on a case by case basis. - CORRECT ANSWER-Acti...

CA PSI LIFE, ACCIDENT AND HEALTH/ SICKNESS AGENT EXAMINATION (LIFE AGENT) LATEST ACTUAL EXAM

PSI LIFE ACCIDENT AND HEALTH ELABORATED QUESTIONS AND ANSWERS How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - CORRECT ANSWER -2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two y...

PSI LIFE ACCIDENT AND HEALTH ELABORATED QUESTIONS AND ANSWERS How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - CORRECT ANSWER -2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two y...

PSI LIFE ACCIDENT AND HEALTH ELABORATED QUESTIONS AND ANSWERS How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - CORRECT ANSWER -2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two y...

Mike Russ Life accident and Health CA PSI Latest With Complete Solution