CA PSI-LIFE, ACCIDENT, AND
HEALTH OR SICKNESS PRACTICE
EXAM 2025 UPDATED NEW!!!
Which of the following is TRUE of a point of service plan - CORRECT ANSWER>>>>A
patient's care is coordinated by an in-network primary care physician.
In a Level term life policy, which always remains constant ? - CORRECT ANSWER>>>>death
benefit
which part of an insurance contract contains the promise to pay losses covered by the policy in
exchange for the insureds premium and compliance with policy terms ? - CORRECT
ANSWER>>>>insuring clause
In a home healthcare benefit, all of the following are eligible expenses EXCEPT - CORRECT
ANSWER>>>>blood transfusions
in noncontributory plans, which percentage of eligible members must participate? - CORRECT
ANSWER>>>>1
How are issues of ambiguity usually resolved because insurance contracts are contracts of
adhesion? - CORRECT ANSWER>>>>In favor of the insured because the insurance company
drafts the language in the contract.
Why is the accidental death benefit referred to as double indemnity? - CORRECT
ANSWER>>>>It provides twice the face value in the policy for death due to accident.
which types of rider reimburses health and social service expenses incurred in a convalescent or
nursing home facility - CORRECT ANSWER>>>>long term care rider
All life insurance and health insurance contracts contain all of the following EXCEPT -
CORRECT ANSWER>>>>representations
all of the following are requirements to qualify for social security disability benefits except when
- CORRECT ANSWER>>>>unable to work in occupation in which the worker was trained or
educated.
what is the order in which beneficiaries receive proceeds from a life insurance policy ? -
CORRECT ANSWER>>>>succession of beneficiaries
If a company provides group disability insurance to its employees, which of the following may
be tax-deductible? - CORRECT ANSWER>>>>the premiums paid by the company as a
business expense
, Which annuity settlement option provides a stated monthly amount to the annuitant and upon the
annuitant's death the same or a lesser amount paid for the lifetime of the survivor? - CORRECT
ANSWER>>>>Joint and survivorship option
which of the following policy types is considered double indemnity - CORRECT
ANSWER>>>>accidental death
How long after being entitled to disability benefits will an individual be eligible to receive
Medicare benefits? - CORRECT ANSWER>>>>2 years
which of the following is an example of a hospital indemnity plan - CORRECT
ANSWER>>>>pays a fixed amount per day to the insured for each day the insured is
hospitalized
According to the time of payment of claims provisions, the insurer must make the payment
immediately after receiving proof of loss EXCEPT - CORRECT ANSWER>>>>For claims
involving periodic payments
Which one of the following is particularly important to an insurance producer to explain to a
client upon delivery of a life insurance policy ? - CORRECT ANSWER>>>>Any exclusions
When would dependent children's benefits for social security disability payments be scaled back
? - CORRECT ANSWER>>>>when they cause the family benefit to exceed the maximum
benefit amount
In a case where an individual's health is insured by both their own policy and their spouse's
policy, which policy pays in the event of an illness? - CORRECT ANSWER>>>>The
individual's policy pays first, the spouse's policy pays the remaining up to coverage amount.
What is the waiver of premium provision? - CORRECT ANSWER>>>>In a long term care
contract, the premium is waived after the insured has been confined for a specific period of time.
what is it called when an insurance company tries to recover from a different insurance policy all
part of its losses results from a claim - CORRECT ANSWER>>>>subrogation
all of the following are features of the spendthrift clause EXCEPT - CORRECT
ANSWER>>>>the beneficiary may encumber the proceeds
which of the following is common in an increasing term life policy ? - CORRECT
ANSWER>>>>It begins with little or no insurance protection.
which of the following is true of a cancelable policy ? - CORRECT ANSWER>>>>All unearned
premiums must be returned to the insured.
all of the following are characteristics of cobra EXCEPT - CORRECT ANSWER>>>>change in
medical privacy procedures.
HEALTH OR SICKNESS PRACTICE
EXAM 2025 UPDATED NEW!!!
Which of the following is TRUE of a point of service plan - CORRECT ANSWER>>>>A
patient's care is coordinated by an in-network primary care physician.
In a Level term life policy, which always remains constant ? - CORRECT ANSWER>>>>death
benefit
which part of an insurance contract contains the promise to pay losses covered by the policy in
exchange for the insureds premium and compliance with policy terms ? - CORRECT
ANSWER>>>>insuring clause
In a home healthcare benefit, all of the following are eligible expenses EXCEPT - CORRECT
ANSWER>>>>blood transfusions
in noncontributory plans, which percentage of eligible members must participate? - CORRECT
ANSWER>>>>1
How are issues of ambiguity usually resolved because insurance contracts are contracts of
adhesion? - CORRECT ANSWER>>>>In favor of the insured because the insurance company
drafts the language in the contract.
Why is the accidental death benefit referred to as double indemnity? - CORRECT
ANSWER>>>>It provides twice the face value in the policy for death due to accident.
which types of rider reimburses health and social service expenses incurred in a convalescent or
nursing home facility - CORRECT ANSWER>>>>long term care rider
All life insurance and health insurance contracts contain all of the following EXCEPT -
CORRECT ANSWER>>>>representations
all of the following are requirements to qualify for social security disability benefits except when
- CORRECT ANSWER>>>>unable to work in occupation in which the worker was trained or
educated.
what is the order in which beneficiaries receive proceeds from a life insurance policy ? -
CORRECT ANSWER>>>>succession of beneficiaries
If a company provides group disability insurance to its employees, which of the following may
be tax-deductible? - CORRECT ANSWER>>>>the premiums paid by the company as a
business expense
, Which annuity settlement option provides a stated monthly amount to the annuitant and upon the
annuitant's death the same or a lesser amount paid for the lifetime of the survivor? - CORRECT
ANSWER>>>>Joint and survivorship option
which of the following policy types is considered double indemnity - CORRECT
ANSWER>>>>accidental death
How long after being entitled to disability benefits will an individual be eligible to receive
Medicare benefits? - CORRECT ANSWER>>>>2 years
which of the following is an example of a hospital indemnity plan - CORRECT
ANSWER>>>>pays a fixed amount per day to the insured for each day the insured is
hospitalized
According to the time of payment of claims provisions, the insurer must make the payment
immediately after receiving proof of loss EXCEPT - CORRECT ANSWER>>>>For claims
involving periodic payments
Which one of the following is particularly important to an insurance producer to explain to a
client upon delivery of a life insurance policy ? - CORRECT ANSWER>>>>Any exclusions
When would dependent children's benefits for social security disability payments be scaled back
? - CORRECT ANSWER>>>>when they cause the family benefit to exceed the maximum
benefit amount
In a case where an individual's health is insured by both their own policy and their spouse's
policy, which policy pays in the event of an illness? - CORRECT ANSWER>>>>The
individual's policy pays first, the spouse's policy pays the remaining up to coverage amount.
What is the waiver of premium provision? - CORRECT ANSWER>>>>In a long term care
contract, the premium is waived after the insured has been confined for a specific period of time.
what is it called when an insurance company tries to recover from a different insurance policy all
part of its losses results from a claim - CORRECT ANSWER>>>>subrogation
all of the following are features of the spendthrift clause EXCEPT - CORRECT
ANSWER>>>>the beneficiary may encumber the proceeds
which of the following is common in an increasing term life policy ? - CORRECT
ANSWER>>>>It begins with little or no insurance protection.
which of the following is true of a cancelable policy ? - CORRECT ANSWER>>>>All unearned
premiums must be returned to the insured.
all of the following are characteristics of cobra EXCEPT - CORRECT ANSWER>>>>change in
medical privacy procedures.
