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CA PSI SITE LIFE ACCIDENT AND HEALTH OR
SICKNESS EXAM (LIFE AGENT) LATEST 2025
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS (VERIFIED ANSWERS)
|ALREADY GRADED A+
If the premium on an individual health insurance policy is paid annually, semi-annually, or quarterly what is the minimum grace period required ?
- 10 days
- 20 days
- 30 or 31 days
- None of the above - ANSWER- C
There are four basic classes of life insurance. All of the selections listed below are regarded as ordinary insurance,
except: 1 / 4
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- A life paid-up-at-age-55 policy
- A 10-year endowment contract
- A group life insurance policy
- Term life insurance policy - ANSWER- C
The Commissioner must examine the affairs, transactions, accounts, records, and assets of each domestic insurer at least
every:
- 3 years
- 5 years
- 2 years
- 1 year - ANSWER- B
When making a loan on a life insurance policy's cash value, the insurer may deduct from the loan value all of the following
EXCEPT:
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- Any unpaid balance of the premium for the current policy
- Interest on the loan to the end of the current policy year
- Any existing indebtedness to the insurer not already
year
deducted.
- Future years premiums that are not yet due - ANSWER- D
Carl's policy lapsed. Which of the following would reinstate his policy?
- Carl's insurance company accepted his late payment
- Carl sent a written noticed regarding his late payment
- Carl was issued a reinstatement application
- Carl contacted his agent - ANSWER- A
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In replacement, an existing insurer must provide policyowners with a policy summary for existing Life Insurance within how many days of receiving the written communication and replacement?
- 31 days
- 5 days
- 60 days
- 15 days - ANSWER- B
What is required if an employee joins a group plan after an Enrollment Period?
- Evidence of insurability
- Evidence of payment
- Evidence of conversion
- Evidence of incontestability - ANSWER- A
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