PSI Life, Accident, Health Practice Exam Questions
with verified answers
Which is an ACCURATE statement regarding benefits of Medicare
supplement and Medicare select plans?
1
The insurer is able to cancel, or deny renewal of an existing policy,
based solely on the health of the insured.
2
There is no restriction for benefits after the coverage has been in effect
for six months when involving a preexisting condition.
3
The coverage for a loss from an illness or disease is treated differently
than for a loss resulting from an injury due to an accident.
4
The coverage for a spouse cannot be terminated for any reason,
including for nonpayment of premiums. Ans✔✔-2
There is no restriction for benefits after the coverage has been in effect
for six months when involving a preexisting condition.
How is the insurance commissioner chosen?
1
Elected by the people.
2
,Appointed by the Governor
3
Selected by a vote in the House and the Senate.
4
Randomly selected from a list of qualified candidates. Ans✔✔-1
Elected by the people.
An insurance agent is a person who transacts all of the following types
of insurance EXCEPT:
1
annuities.
2
homeowners.
3
auto insurance.
4
life insurance. Ans✔✔-4
life insurance.
The California Legislature declared all of the following when creating
the Healthy Families Program EXCEPT:
1
,that most uninsured children come from low-income families.
2
lack of educational resources for children and their parents leads to
increased medical expenses.
3
that lack of insurance coverage for children results in reduced access to
medical services.
4
when a child is seriously ill or injured, the costs of needed medical care
can force families into financial ruin. Ans✔✔-2
lack of educational resources for children and their parents leads to
increased medical expenses.
Which of the following BEST defines the general concept of the 24-hour
care plan?
1
It integrates workers compensation medical care with the care provided
by group health insurance.
2
It provides immediate medical care from any source for injuries on
which occur on the job.
3
It permits non job related injuries to be treated through the worker?s
compensation program.
, 4
It pays any medical bill from a job related injury for services within the
first 24 hours of the injury. Ans✔✔-1
It integrates workers compensation medical care with the care provided
by group health insurance.
How does an "admitted" person differ from an "nonadmitted" person, as
it pertains to insurance?
1
An "admitted" person has admitted to a crime or fraud, while a
"nonadmitted" person has not.
2
An "admitted" person has been granted admission to an insurance
association, while a "nonadmitted" person has not been accepted.
3
An "admitted" person has been admitted to an accreditation program,
while a "nonadmitted" person has yet to earn the credits.
4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
Ans✔✔-4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
with verified answers
Which is an ACCURATE statement regarding benefits of Medicare
supplement and Medicare select plans?
1
The insurer is able to cancel, or deny renewal of an existing policy,
based solely on the health of the insured.
2
There is no restriction for benefits after the coverage has been in effect
for six months when involving a preexisting condition.
3
The coverage for a loss from an illness or disease is treated differently
than for a loss resulting from an injury due to an accident.
4
The coverage for a spouse cannot be terminated for any reason,
including for nonpayment of premiums. Ans✔✔-2
There is no restriction for benefits after the coverage has been in effect
for six months when involving a preexisting condition.
How is the insurance commissioner chosen?
1
Elected by the people.
2
,Appointed by the Governor
3
Selected by a vote in the House and the Senate.
4
Randomly selected from a list of qualified candidates. Ans✔✔-1
Elected by the people.
An insurance agent is a person who transacts all of the following types
of insurance EXCEPT:
1
annuities.
2
homeowners.
3
auto insurance.
4
life insurance. Ans✔✔-4
life insurance.
The California Legislature declared all of the following when creating
the Healthy Families Program EXCEPT:
1
,that most uninsured children come from low-income families.
2
lack of educational resources for children and their parents leads to
increased medical expenses.
3
that lack of insurance coverage for children results in reduced access to
medical services.
4
when a child is seriously ill or injured, the costs of needed medical care
can force families into financial ruin. Ans✔✔-2
lack of educational resources for children and their parents leads to
increased medical expenses.
Which of the following BEST defines the general concept of the 24-hour
care plan?
1
It integrates workers compensation medical care with the care provided
by group health insurance.
2
It provides immediate medical care from any source for injuries on
which occur on the job.
3
It permits non job related injuries to be treated through the worker?s
compensation program.
, 4
It pays any medical bill from a job related injury for services within the
first 24 hours of the injury. Ans✔✔-1
It integrates workers compensation medical care with the care provided
by group health insurance.
How does an "admitted" person differ from an "nonadmitted" person, as
it pertains to insurance?
1
An "admitted" person has admitted to a crime or fraud, while a
"nonadmitted" person has not.
2
An "admitted" person has been granted admission to an insurance
association, while a "nonadmitted" person has not been accepted.
3
An "admitted" person has been admitted to an accreditation program,
while a "nonadmitted" person has yet to earn the credits.
4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
Ans✔✔-4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
