{"id":111832,"date":"2023-08-07T09:48:13","date_gmt":"2023-08-07T09:48:13","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=111832"},"modified":"2023-08-07T09:48:17","modified_gmt":"2023-08-07T09:48:17","slug":"psi-ny-life-accident-and-health-practice-exam-17-55-questions-with-100-correct-verified-answers","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/07\/psi-ny-life-accident-and-health-practice-exam-17-55-questions-with-100-correct-verified-answers\/","title":{"rendered":"PSI &#8211; NY Life, Accident and Health Practice Exam 17-55 Questions With 100% Correct Verified Answers"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>PSI &#8211; NY Life, Accident and Health Practice Exam 17-<\/li>\n\n\n\n<li>55 Questions With 100% Correct Verified Answers<\/li>\n\n\n\n<li>Which policy provision permits the policy owner to take a specified number of days to examine the<\/li>\n\n\n\n<li>contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs?<\/li>\n\n\n\n<li>Free Look<br>When will a policy pay on a UCR basis? &#8211; When particular benefits are not listed on a payment<br>schedule<br>Which type of rider reimburses health and social service expenses incurred in a convalescent or<br>nursing home facility? &#8211; long term care rider<br>Which of the following is exempted from the incontestability provision in insurance policies? &#8211;<br>Fraudulent misstatements<br>What does first dollar coverage mean? &#8211; As soon as covered medical expenses are incurred, the<br>policy begins to pay<br>What is the waiver of premium provision? &#8211; In a long term care contract, the premium is waived<br>after the insured has been confined for a specific period of time<br>According to the Time Payment of Claims provision, the insurer must make the payment<br>immediately after receiving proof of loss EXCEPT &#8211; for claims involving periodic payments<br>Which is a disadvantage to a flexible premium annuity? &#8211; the actual amount of the annuity benefit<br>cannot be determined in advance<\/li>\n\n\n\n<li>When a policy or certificate containing an accelerated benefit provision is applied for or delivered,<\/li>\n\n\n\n<li>the producer is responsible for providing that applicant a summary of coverage that includes all of<\/li>\n\n\n\n<li>the following EXCEPT &#8211; a detailed and comprehensive summary of the accelerated benefit<\/li>\n\n\n\n<li>which one of the following represents an advantage of obtaining a policy loan versus a withdrawal?<\/li>\n\n\n\n<li>the loan is not taxed while a withdrawal is taxed for amounts above the contract cost basis<br>How does a noncancelable policy differ from a guaranteed renewable policy? &#8211; with the non<br>cancelable policy the insurer may increase premiums only based on the terms of the policy<br>What does it mean if a health policy is conditionally renewable? &#8211; Insurer may elect NOT to renew<br>only under the conditions specified in the policy<br>When the suicide clause is inserted in a life insurance contract, death by suicide is not covered<br>during the policy&#8217;s initial: &#8211; 2 year period<br>What does coinsurance mean? &#8211; The insurer and the insured share expenses over the deductible.<br>Which of the following must be given to the insurer within 20 days after occurrence or<br>commencement of any loss covered by the policy, or as soon thereafter as is reasonably possible? &#8211;<br>Notice of claim<br>The right to change the beneficiary or dispose of the policy or its benefits in any manner one<br>chooses is reserved to the policy owner UNLESS which of the following is true? &#8211; The policy owner<br>has named an irrevocable beneficiary<br>Which of the following refers to how often a premium is paid? &#8211; Mode<br>All of the following are common exclusions from loss found in disability income policies EXCEPT for<br>that incurred while &#8211; Committing a misdemeanor<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-111832","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/111832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=111832"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/111832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=111832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=111832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=111832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}