Page |1
PSI LIFE, ACCIDENT, HEALTH PRACTICE
EXAM 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
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. - Correct Answer-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. - Correct
Answer-1
Elected by the people.
, Page |2
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. - Correct Answer-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. - Correct Answer-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?
, Page |3
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. - Correct Answer-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. - Correct Answer-4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
When may a licensee surrender for cancellation any license under which
they are permitted to act?
, Page |4
1. upon renewal of the license
2. within 60 days of renewal of their license
3. at any time
4. when they no longer have any clients with policies in force - Correct
Answer-3
at any time
When does a disability policy become incontestable as to the statements
contained in the application?
1.After this policy been in force for a period of one year during the lifetime
of the insured.
2.After this policy been in force for a period of two years during the lifetime
of the insured.
3.When the company has confirmed all of the statements and issued a
binding contract.
4. Two years after the date of the application when a conditional receipt
has been issued. - Correct Answer-2
After this policy been in force for a period of two years during the lifetime of
the insured.
Which statement describes the intent of the California Financial Information
Privacy Act?
1. It enables and authorizes the Gramm-Leach-Bliley Act into California
legal system.
2. It permits civil lawsuits against financial institutions who violate the
Gramm-Leach-Bliley Act.
PSI LIFE, ACCIDENT, HEALTH PRACTICE
EXAM 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
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. - Correct Answer-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. - Correct
Answer-1
Elected by the people.
, Page |2
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. - Correct Answer-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. - Correct Answer-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?
, Page |3
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. - Correct Answer-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. - Correct Answer-4
An "admitted" person has the right to transact insurance business within
the state, while a "nonadmitted" person is not entitled to this action.
When may a licensee surrender for cancellation any license under which
they are permitted to act?
, Page |4
1. upon renewal of the license
2. within 60 days of renewal of their license
3. at any time
4. when they no longer have any clients with policies in force - Correct
Answer-3
at any time
When does a disability policy become incontestable as to the statements
contained in the application?
1.After this policy been in force for a period of one year during the lifetime
of the insured.
2.After this policy been in force for a period of two years during the lifetime
of the insured.
3.When the company has confirmed all of the statements and issued a
binding contract.
4. Two years after the date of the application when a conditional receipt
has been issued. - Correct Answer-2
After this policy been in force for a period of two years during the lifetime of
the insured.
Which statement describes the intent of the California Financial Information
Privacy Act?
1. It enables and authorizes the Gramm-Leach-Bliley Act into California
legal system.
2. It permits civil lawsuits against financial institutions who violate the
Gramm-Leach-Bliley Act.
