7/9/26, 6:26 PM PSI - NY Life, Accident and Health Practice Exam 17-55 Exam (Latest Update 2026) UPDATE!! (Recent exam) Fully solved & updat…
PSI - NY Life, Accident and Health Practice Exam
17-55 Exam (Latest Update 2026) UPDATE!!
(Recent exam) Fully solved & updated 2026 Most
TESTED (2026
Save Add to calendar
Terms in this set (75)
Which policy provision permits the Free Look
policy owner to take a specified
number of days to examine the
contract, and allows for cancellation
and a full refund if the policy owner
rejects the terms or costs?
When will a policy pay on a UCR When particular benefits are not listed on a
basis? payment schedule
Which type of rider reimburses long term care rider
health and social service expenses
incurred in a convalescent or nursing
home facility?
https://quizlet.com/1193965842/psi-ny-life-accident-and-health-practice-exam-17-55-exam-latest-update-2026-update-recent-exam-fully-solved-updat… 1/11
, 7/9/26, 6:26 PM PSI - NY Life, Accident and Health Practice Exam 17-55 Exam (Latest Update 2026) UPDATE!! (Recent exam) Fully solved & updat…
Which of the following is exempted Fraudulent misstatements
from the incontestability provision in
insurance policies?
What does first dollar coverage As soon as covered medical expenses are
mean? incurred, the policy begins to pay
What is the waiver of premium In a long term care contract, the premium is waived
provision? after the insured has been confined for a specific
period of time
According to the Time Payment of for claims involving periodic payments
Claims provision, the insurer must
make the payment immediately after
receiving proof of loss EXCEPT
Which is a disadvantage to a flexible the actual amount of the annuity benefit cannot be
premium annuity? determined in advance
When a policy or certificate a detailed and comprehensive summary of the
containing an accelerated benefit accelerated benefit
provision is applied for or delivered,
the producer is responsible for
providing that applicant a summary
of coverage that includes all of the
following EXCEPT
which one of the following the loan is not taxed while a withdrawal is taxed for
represents an advantage of amounts above the contract cost basis
obtaining a policy loan versus a
withdrawal?
https://quizlet.com/1193965842/psi-ny-life-accident-and-health-practice-exam-17-55-exam-latest-update-2026-update-recent-exam-fully-solved-updat… 2/11
PSI - NY Life, Accident and Health Practice Exam
17-55 Exam (Latest Update 2026) UPDATE!!
(Recent exam) Fully solved & updated 2026 Most
TESTED (2026
Save Add to calendar
Terms in this set (75)
Which policy provision permits the Free Look
policy owner to take a specified
number of days to examine the
contract, and allows for cancellation
and a full refund if the policy owner
rejects the terms or costs?
When will a policy pay on a UCR When particular benefits are not listed on a
basis? payment schedule
Which type of rider reimburses long term care rider
health and social service expenses
incurred in a convalescent or nursing
home facility?
https://quizlet.com/1193965842/psi-ny-life-accident-and-health-practice-exam-17-55-exam-latest-update-2026-update-recent-exam-fully-solved-updat… 1/11
, 7/9/26, 6:26 PM PSI - NY Life, Accident and Health Practice Exam 17-55 Exam (Latest Update 2026) UPDATE!! (Recent exam) Fully solved & updat…
Which of the following is exempted Fraudulent misstatements
from the incontestability provision in
insurance policies?
What does first dollar coverage As soon as covered medical expenses are
mean? incurred, the policy begins to pay
What is the waiver of premium In a long term care contract, the premium is waived
provision? after the insured has been confined for a specific
period of time
According to the Time Payment of for claims involving periodic payments
Claims provision, the insurer must
make the payment immediately after
receiving proof of loss EXCEPT
Which is a disadvantage to a flexible the actual amount of the annuity benefit cannot be
premium annuity? determined in advance
When a policy or certificate a detailed and comprehensive summary of the
containing an accelerated benefit accelerated benefit
provision is applied for or delivered,
the producer is responsible for
providing that applicant a summary
of coverage that includes all of the
following EXCEPT
which one of the following the loan is not taxed while a withdrawal is taxed for
represents an advantage of amounts above the contract cost basis
obtaining a policy loan versus a
withdrawal?
https://quizlet.com/1193965842/psi-ny-life-accident-and-health-practice-exam-17-55-exam-latest-update-2026-update-recent-exam-fully-solved-updat… 2/11
