PSI Life, Accident, Health Practice Exam Questions AND ANSWERS| GRADED A|(210 QUESTIONS)

PSI Life, Accident, Health Practice Exam Questions AND ANSWERS| GRADED A|(210 QUESTIONS)
Question 1: Under the misstatement of age or gender provision,
what happens if it is determined at death that the insured's age or
gender was misstated on a life insurance policy application?
CORRECT answer: Benefits are adjusted to an amount that the
premium would have purchased at the CORRECT age or
gender.
Question 2: Which of the following must be given to the insurer
within 20 days after occurrence or commencement of any loss
covered by the policy, or as thereafter as is reasonably possible?
CORRECT answer: Notice of claim.
Question 3: When will a policy pay on a UCR basis?
CORRECT answer: When particular benefits are not listed on a
payment schedule.

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