PSI Life, Accident & Health Insurance Practice Exam 2025 (California Focus)

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PSI LIFE, ACCIDENT, HEALTH PRACTICE
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m EXAM 2025| BRAND NEW ACTUAL EXAM WITH
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m100% VERIFIED QUESTIONS AND CORRECT m m m m




mSOLUTIONS| GUARANTEED VALUE PACK| ACE m m m m




mYOUR GRADES. m




Which is an ACCURATE statement regarding benefits of Medicare
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supplement and Medicare select plans?
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1. The insurer is able to cancel, or deny renewal of an existing policy,
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based solely on the health of the insured.
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2. There is no restriction for benefits after the coverage has been in
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effect for six months when involving a preexisting condition.
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3. The coverage for a loss from an illness or disease is treated
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differently than for a loss resulting from an injury due to an accident.
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4. The coverage for a spouse cannot be terminated for any reason,
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including for nonpayment of premiums. - Correct Answer-2
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There is no restriction for benefits after the coverage has been in effect for
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six months when involving a preexisting condition.
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How is the insurance commissioner chosen?
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1. Elected by the people. m m m




2. Appointed by the Governor m m m




3. Selected by a vote in the House and the Senate.
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4. Randomly selected from a list of qualified candidates. - Correct
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Answer-1
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Elected by the people. m m m

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An insurance agent is a person who transacts all of the following types of
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insurance EXCEPT:
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1. annuities.
2. homeowners.
3. auto insurance. m




4. life insurance. - Correct Answer-4
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m life insurance.
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The California Legislature declared all of the following when creating the
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Healthy Families Program EXCEPT:
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1. that most uninsured children come from low-income families.
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2. lack of educational resources for children and their parents leads to
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increased medical expenses.
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3. that lack of insurance coverage for children results in reduced access
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to medical services.
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4. when a child is seriously ill or injured, the costs of needed medical
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care can force families into financial ruin. - Correct Answer-2
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lack of educational resources for children and their parents leads to
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mincreased medical expenses. m m




Which of the following BEST defines the general concept of the 24-hour
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care plan?
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1. It integrates workers compensation medical care with the care
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provided by group health insurance.
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2. It provides immediate medical care from any source for injuries on
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which occur on the job.
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3. It permits non job related injuries to be treated through the worker?s
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compensation program.
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4. It pays any medical bill from a job related injury for services within the
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first 24 hours of the injury. - Correct Answer-1
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It integrates workers compensation medical care with the care provided by
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mgroup health insurance.m m




How does an "admitted" person differ from an "nonadmitted" person, as it
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pertains to insurance?
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1. An "admitted" person has admitted to a crime or fraud, while a
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"nonadmitted" person has not.
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2. An "admitted" person has been granted admission to an insurance
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association, while a "nonadmitted" person has not been
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accepted.m




3. An "admitted" person has been admitted to an accreditation program,
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while a "nonadmitted" person has yet to earn the credits.
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4. An "admitted" person has the right to transact insurance business
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within the state, while a "nonadmitted" person is not entitled to this
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action. - Correct Answer-4
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An "admitted" person has the right to transact insurance business within
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the state, while a "nonadmitted" person is not entitled to this action.
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When may a licensee surrender for cancellation any license under which
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they are permitted to act?
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1. upon renewal of the license m m m m




2. within 60 days of renewal of their license
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3. at any time m m




4. when they no longer have any clients with policies in force - Correct
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Answer-3
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at any time
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When does a disability policy become incontestable as to the statements
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contained in the application?
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1. After this policy been in force for a period of one year during the lifetime
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m of the insured.
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2. After this policy been in force for a period of two years during the lifetime
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m of the insured.
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3. When the company has confirmed all of the statements and issued a
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m binding contract. m




4. Two years after the date of the application when a conditional receipt
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m has been issued. - Correct Answer-2
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After this policy been in force for a period of two years during the lifetime of
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the insured.
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Which statement describes the intent of the California Financial Information
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Privacy Act?
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1. It enables and authorizes the Gramm-Leach-Bliley Act into California
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legal system.
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2. It permits civil lawsuits against financial institutions who violate the
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Gramm-Leach-Bliley Act.
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