Business > EXAM > PSI Life accident and health practice test| ANSWERED (All)

PSI Life accident and health practice test| ANSWERED

Document Content and Description Below

which is an INACCURATE statement regarding underwriting based on genetic testing? 1. the proposed insured must pay for the cost of testing 2. the proposed insured must provided informed consent prio... r to testing 3. the test results can be provided to the proposed insured, or the their physician to whom the individual should consult. 4. the purpose is to create standards classified by risks to avoid discrimination among proposed insureds with similar genetic markers. Correct Answer: MY answer. 1 Which of the following may be insured against? 1. Disability 2. Accidental Death 3. Wagering Losses 4. Catastrophic losses Correct Answer: wagering losses when is the practice of 'post claims' underwriting allowable on disability insurance covering hospital, medical or surgical expenses? 1. at no time 2. withing the first 2 years of policy issuance 3. if the new information is brought to the attention of the insurance company 4. at the time of a claim accompanied by an investigative report. Correct Answer: 1. at no time. If fiduciary funds are received by any licensee, the funds shall be maintained in any of the following EXCEPT 1. bonds issued in all 50 states of USA 2. united states government bonds and treasury certs 3. certificates of deposit of banks or savings and loan associations licensed by any state 4. repurchase agreements collateralized by securities issued by the united states government. Correct Answer: 4. bonds are issued in all 50 states which of the following is a party to a contract of insurance bound to communicate EXCEPT. 1. those which the other knows 2. those which the other waives communication 3. those which the other would know by retaining a consultant with specialized knowledge in insurance matters. 4. those which in the exercise of ordinary care ought to know and which the other party has no reason to suppose him ignorant. Correct Answer: those which the other would know by retaining a consultant with specialized knowledge in insurance matters. which is an accurate statement regarding long-term care advertisements and the "cold lead device" disclosure 1. an ad designed to promote leads does not have to disclose the fact that an agent will call 2. The fact that a cold lead device was used must be immediateley announced to the customer 3. the ad designed to promote cold lea [Show More]

Last updated: 2 years ago

Preview 1 out of 6 pages

Buy Now

Instant download

We Accept: