CA PSI-LIFE, ACCIDENT, AND HEALTH
OR SICKNESS PRACTICE EXAM
Which of the following is TRUE of a point of service plan - ANSWER:&((*(*($*(*(*(
A
patient's care is coordinated by an in-network primary care physician.%*(*(^*(*(*(^
*((^((*^(*(*(^
*(*^(*(^*(*^(*
In a Level term life policy, which always remains constant ? - ANSWER:
(*&$&^&%$^
death benefit %^@#^%#^%^
%
Which part of an insurance contract contains the promise to pay losses
covered by the policy in exchange for the insureds premium and
compliance with policy terms ? - ANSWER: insuring clause
In a home healthcare benefit, all of the following are eligible expenses
EXCEPT - ANSWER: blood transfusions
In noncontributory plans, which percentage of eligible members must
participate? - ANSWER: 1
How are issues of ambiguity usually resolved because insurance
contracts are contracts of adhesion? - ANSWER: In favor of the
insured because the insurance company drafts the language in the
contract.
Why is the accidental death benefit referred to as double indemnity? -
ANSWER: It provides twice the face value in the policy for death due
to accident.
Which types of rider reimburses health and social service expenses
incurred in a convalescent or nursing home facility - ANSWER: long term
care rider
All life insurance and health insurance contracts contain all of the
following EXCEPT - ANSWER: representations
, CA PSI-LIFE, ACCIDENT, AND HEALTH
OR SICKNESS PRACTICE EXAM
&((*(*($*(*(*(
All of the following are requirements to qualify for social security%*(*(^*(*(*(^
disability benefits except when - 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 ? - ANSWER: succession of beneficiaries
If a company provides group disability insurance to its employees, which
of the following may be tax-deductible? - 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? - ANSWER: Joint and
survivorship option
Which of the following policy types is considered double indemnity -
ANSWER: accidental death
How long after being entitled to disability benefits will an individual be
eligible to receive Medicare benefits? - ANSWER: 2 years
Which of the following is an example of a hospital indemnity plan -
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 -
ANSWER: For claims involving periodic payments
OR SICKNESS PRACTICE EXAM
Which of the following is TRUE of a point of service plan - ANSWER:&((*(*($*(*(*(
A
patient's care is coordinated by an in-network primary care physician.%*(*(^*(*(*(^
*((^((*^(*(*(^
*(*^(*(^*(*^(*
In a Level term life policy, which always remains constant ? - ANSWER:
(*&$&^&%$^
death benefit %^@#^%#^%^
%
Which part of an insurance contract contains the promise to pay losses
covered by the policy in exchange for the insureds premium and
compliance with policy terms ? - ANSWER: insuring clause
In a home healthcare benefit, all of the following are eligible expenses
EXCEPT - ANSWER: blood transfusions
In noncontributory plans, which percentage of eligible members must
participate? - ANSWER: 1
How are issues of ambiguity usually resolved because insurance
contracts are contracts of adhesion? - ANSWER: In favor of the
insured because the insurance company drafts the language in the
contract.
Why is the accidental death benefit referred to as double indemnity? -
ANSWER: It provides twice the face value in the policy for death due
to accident.
Which types of rider reimburses health and social service expenses
incurred in a convalescent or nursing home facility - ANSWER: long term
care rider
All life insurance and health insurance contracts contain all of the
following EXCEPT - ANSWER: representations
, CA PSI-LIFE, ACCIDENT, AND HEALTH
OR SICKNESS PRACTICE EXAM
&((*(*($*(*(*(
All of the following are requirements to qualify for social security%*(*(^*(*(*(^
disability benefits except when - 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 ? - ANSWER: succession of beneficiaries
If a company provides group disability insurance to its employees, which
of the following may be tax-deductible? - 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? - ANSWER: Joint and
survivorship option
Which of the following policy types is considered double indemnity -
ANSWER: accidental death
How long after being entitled to disability benefits will an individual be
eligible to receive Medicare benefits? - ANSWER: 2 years
Which of the following is an example of a hospital indemnity plan -
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 -
ANSWER: For claims involving periodic payments
