CA PSI SITE – LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFEAGENT) QUALIFIED EXAM 2024 FINEST ELABORATED QUESTIONS AND DETAILED ANSWERS WITH RATIONALES 100% PASS.

CA PSI SITE – LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFEAGENT) QUALIFIED EXAM 2024 FINEST ELABORATED QUESTIONS AND DETAILED ANSWERS WITH RATIONALES 100% PASS. When any change in residence address occurs, every licensee and every applicant for a license must notify the Commissioner _______________. (Select the most correct response) A. Within 6 months after the move has taken place B. Within 6 months before the license is to expire C. 30 days before submitting a continuing education certificate. D. Immediately - ANSWER- Immediately To protect (subject to statutory limitations) life and health owners and insureds in the event of impairment or insolvency of a member insurer. This is a description of: A. Medi-Cal B. The California Life and Health Insurance Guarantee Association C. OBRA D. None of the above - ANSWER- The California Life and Health Insurance Guarantee Association Which of the following is not legal activity in this state ? A. Participating in a plan to offer free insurance if a person buys some form of service. B. Disregarding age in the determination of insurance rates. C. Refusing to apply the practice of twisting in sales. D. All the above are legal in the state of California - ANSWER- A Employees that have group life or health policies covering them are required to be issued a/an ______. A. Estimate of employers premiums B. Certificate of insurance C. Master policy D. Monthly premium notification on a non-participating plan - ANSWER- B Which of the following is false about dividends paid from life insurance policies ? A dividend is: A. Treated as a return of excess premium paid by the owner and is therefore taxable. B. Interest earned on dividends and paid to the policy owner. It is considered taxable. C. Not guaranteed to be paid to the policy owner. - ANSWER- A In order for insurers to help avoid the problem of over-insurance they include ___ provisions in their policies. A. Maximum limits B. Coordination of benefits C. Neither of the above - ANSWER- Coordination of benefits An agent mostly sells long-term care insurance to individuals. He obtained his insurance license (life and health) in January of 1998. In 1998 he must: A. Complete 25 hours of life and health continuing education only B. Complete 25 hours of life and health continuing education and, in addition, complete 8 hours of LTC specific continuing education, a total of 33 hours C. Complete 25 hours of life and health continuing education, 8 of which are LTC specific D. None of the above - ANSWER- C Jose is covered by an insurance plan that will pay him disability income benefits if he is injured either while working or at home. The type of plan he has is a/an: A. Workers compensation policy B. Key person policy C. Non-occupational policy D. Occupational Policy - ANSWER- D Teresa is injured while woking at her company's