PSI - NY Life, Accident and Health Practice Exam 17-55 Questions with solutions

PSI - NY Life, Accident and Health Practice Exam 17-55 Questions with solutions Which policy provision permits the 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 basis? Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? Which of the following is exempted from the incontestability provision in insurance policies? What does first dollar coverage mean? What is the waiver of premium provision? According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT Which is a disadvantage to a flexible premium annuity? When a policy or certificate containing an 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 represents an advantage of obtaining a policy loan versus a withdrawal? How does a noncancelable policy differ from a guaranteed renewable policy? What does it mean if a health policy is conditionally renewable? When the suicide clause is inserted in a life insurance contract, death by suicide is not covered during the policy's initial: What does coinsurance mean?