Accident Study guides, Class notes & Summaries

PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM ALREADY PASSED 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? Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. 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 a...

Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 1. What is considered the most common type of specified disease insurance policy?: Cancer 2. Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 3. How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 4. when handling premiums for an insured an agent is a...

When an insurance company requests an attending physician's report, the request must be accompanied by a - Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - Change of occupation "Life insurance creates an immediate estate". This phrase means - When the insured dies, a death benefit is paid A person who asserts a right of recovery under an insurance policy is called - Claimant Before an insurer is allowed to test...

Under which situation must insurable interest exist between the applicant and insured at the time of application? - When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? - The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid? - The underwriting process begins For an individual long-term care policy there is an annua...

PSI life, accident, and health Exam Questions with correct Answers(practice,online and final exam) complete test/PSI life, accident, and health Exam Questions with correct Answers(practice,online and final exam) complete test/PSI life, accident, and health Exam Questions with correct Answers(practice,online and final exam) complete test

Accident and Health Insurance Agent (Broker) Practice Exam with complete Questions and Answers

1. private insurers 2. government insurers - 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - the 2 largest types of commercial insurance companies Stock insurance companies - owned by stockholders, these companies dividends, when declared, to their stockholders. have minimum capital requirements and are governed by a board of directors elected by their stockholders Mutual insurance companies - owned by their policy owners; have no...

NY Life Accident, and Health Insurance Agent Broker Exam Series 17-55 Complete Solutions 2022/2023 NY Life, Accident, and Health Insurance Agent Broker Exam Series 17-55 Complete Solutions 2022/2023

California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments What is a common reason people purchase an annuity? To protect against the risk of outlivin...