PSI LIFE, ACCIDENT, HEALTH PRACTICE

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PSI LIFE, ACCIDENT, HEALTH PRACTICE

EXAM

WITH CORRECT SOLUTIONS.

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?

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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.

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.

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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?

1 It integrates workers compensation medical care with the care provided by group health insurance.

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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.

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