PSI Life-Accident-Health Practice Examwith 100% verified solutions 2026-2027 (30pages)

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. 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. 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. 4 life insurance