CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS EXAM
|| || || || || || || ||
WITH ACCURATE DETAILED ANSWERS || || ||
True of a Point of Service Plan - ✔✔Patient's care coordinated by in-network primary care
|| || || || || || || || || || || || || || ||
physician
What always remains constant in a Level Term Life Policy? - ✔✔Death benefit
|| || || || || || || || || || || ||
Insurance contract part with promise to pay losses covered by policy - ✔✔Insuring clause
|| || || || || || || || || || || || ||
Home Healthcare Benefit: Eligible expenses EXCEPT - ✔✔Blood transfusions
|| || || || || || || ||
Noncontributory Plans: Percentage of eligible members must participate - ✔✔1 || || || || || || || || ||
How are issues of ambiguity resolved in insurance contracts? - ✔✔In favor of insured as
|| || || || || || || || || || || || || || ||
contracts of adhesion || ||
Why is Accidental Death Benefit called Double Indemnity? - ✔✔Provides twice face value
|| || || || || || || || || || || || ||
for accident death
|| ||
Rider reimbursing health and social service expenses in nursing home - ✔✔Long Term
|| || || || || || || || || || || || ||
Care Rider ||
Life and Health Insurance Contracts: Contain all EXCEPT - ✔✔Representations
|| || || || || || || || ||
Requirements for Social Security Disability Benefits - ✔✔Unable to work in trained or
|| || || || || || || || || || || || ||
educated occupation ||
, Order of Beneficiaries Proceeds from Life Insurance Policy - ✔✔Succession of Beneficiaries
|| || || || || || || || || || ||
Tax-Deductible Premiums for Group Disability Insurance - ✔✔Premiums paid by company
|| || || || || || || || || || ||
as business expense
|| ||
Annuity Settlement Option: Monthly Amount to Annuitant - ✔✔Joint and Survivorship
|| || || || || || || || || || ||
Option
Policy Type with Double Indemnity - ✔✔Accidental Death
|| || || || || || ||
Eligibility for Medicare Benefits after Disability Benefits - ✔✔2 years
|| || || || || || || || ||
Example of Hospital Indemnity Plan - ✔✔Fixed amount per day for hospitalization
|| || || || || || || || || || ||
Time of Payment of Claims Exception - ✔✔Claims involving periodic payments
|| || || || || || || || || ||
Important Explanation for Insurance Producer to Client - ✔✔Any exclusions in the policy
|| || || || || || || || || || || ||
Scaling Back Dependent Children's Benefits - ✔✔When family benefit exceeds maximum
|| || || || || || || || || || ||
amount
Health Insurance Coverage Priority for Illness - ✔✔Individual's policy first, then spouse's
|| || || || || || || || || || || ||
policy
What is the Waiver of Premium provision? - ✔✔Premium is waived after insured is
|| || || || || || || || || || || || || ||
confined for a specific time. || || || ||
|| || || || || || || ||
WITH ACCURATE DETAILED ANSWERS || || ||
True of a Point of Service Plan - ✔✔Patient's care coordinated by in-network primary care
|| || || || || || || || || || || || || || ||
physician
What always remains constant in a Level Term Life Policy? - ✔✔Death benefit
|| || || || || || || || || || || ||
Insurance contract part with promise to pay losses covered by policy - ✔✔Insuring clause
|| || || || || || || || || || || || ||
Home Healthcare Benefit: Eligible expenses EXCEPT - ✔✔Blood transfusions
|| || || || || || || ||
Noncontributory Plans: Percentage of eligible members must participate - ✔✔1 || || || || || || || || ||
How are issues of ambiguity resolved in insurance contracts? - ✔✔In favor of insured as
|| || || || || || || || || || || || || || ||
contracts of adhesion || ||
Why is Accidental Death Benefit called Double Indemnity? - ✔✔Provides twice face value
|| || || || || || || || || || || || ||
for accident death
|| ||
Rider reimbursing health and social service expenses in nursing home - ✔✔Long Term
|| || || || || || || || || || || || ||
Care Rider ||
Life and Health Insurance Contracts: Contain all EXCEPT - ✔✔Representations
|| || || || || || || || ||
Requirements for Social Security Disability Benefits - ✔✔Unable to work in trained or
|| || || || || || || || || || || || ||
educated occupation ||
, Order of Beneficiaries Proceeds from Life Insurance Policy - ✔✔Succession of Beneficiaries
|| || || || || || || || || || ||
Tax-Deductible Premiums for Group Disability Insurance - ✔✔Premiums paid by company
|| || || || || || || || || || ||
as business expense
|| ||
Annuity Settlement Option: Monthly Amount to Annuitant - ✔✔Joint and Survivorship
|| || || || || || || || || || ||
Option
Policy Type with Double Indemnity - ✔✔Accidental Death
|| || || || || || ||
Eligibility for Medicare Benefits after Disability Benefits - ✔✔2 years
|| || || || || || || || ||
Example of Hospital Indemnity Plan - ✔✔Fixed amount per day for hospitalization
|| || || || || || || || || || ||
Time of Payment of Claims Exception - ✔✔Claims involving periodic payments
|| || || || || || || || || ||
Important Explanation for Insurance Producer to Client - ✔✔Any exclusions in the policy
|| || || || || || || || || || || ||
Scaling Back Dependent Children's Benefits - ✔✔When family benefit exceeds maximum
|| || || || || || || || || || ||
amount
Health Insurance Coverage Priority for Illness - ✔✔Individual's policy first, then spouse's
|| || || || || || || || || || || ||
policy
What is the Waiver of Premium provision? - ✔✔Premium is waived after insured is
|| || || || || || || || || || || || || ||
confined for a specific time. || || || ||
