PSI
EXAMQUESTIONS
/
WITH VERIFIED ANSWERS
/ / /
During
/which
/period
/of /
a
/Disability
/Income
/Policy
/is
/coverage
/effective /but /during /which /no /benefits /will /be /paid /under /the /policy?,Probationary /period
All
/of /the /following /are /common /exclusions /from /loss /found /in /disability /income /policies /EXCEPT
/for /that /incurred /while,commiting /a /misdemeanor
What
/is
/the
/primary
/advantage
/for
/obtaining /
a
/reinstatement
/of /a /policy /rather /than /obtaining /a /new /one?,insured /original /issue /age /is /used
,How
/does /
a
/noncancelable
/policy
/differ
/from /
a
/guaranteed
/renewable
/policy?,With /the /noncancelable /policy /the /insurer /may /increase /premiums /only /based /on /the
/terms /of /the /policy.
What
/does
/first
/dollar
/coverage
/mean?,As /soon /as /covered /medical /expenses /are /incurred, /the /policy /begins /to /pay.
What
/is
/the
/maximum
/amount
/of
/time
/the
/insured
/has /to /file /legal /action /against /the /insurer /after /written /proof /of /loss /is /provided?,3 /years
What
/is /
a /MIB /report?,medical /information /on /an /applicant /for /assessing /life /or /health /insurance /risk
, All
/of
/the /following /are /TRUE /regarding /incomplete /applications /EXCEPT,the /incomplete /application
/can /be /accepted /with /the /missing /information /added /later.
hy
/are
/insurance
/policies
/considered
/conditional
/contracts?,Certain /conditions /need /to /be /met /to /make /the /contract /legally /enforceable.
When
/does
/insurable
/interest
/come
/into /play /in /a /life /insurance /policy?,when /the /applicant /for /the /policy /is /not /the /insured
Which
/type
/of
/receipt
/makes
/the
/insurer
/liable
/for
/the
/risk /from /the /date /of /application, /regardless /of /the /applicant's /insurability?,binding /receipt
What
/specific
EXAMQUESTIONS
/
WITH VERIFIED ANSWERS
/ / /
During
/which
/period
/of /
a
/Disability
/Income
/Policy
/is
/coverage
/effective /but /during /which /no /benefits /will /be /paid /under /the /policy?,Probationary /period
All
/of /the /following /are /common /exclusions /from /loss /found /in /disability /income /policies /EXCEPT
/for /that /incurred /while,commiting /a /misdemeanor
What
/is
/the
/primary
/advantage
/for
/obtaining /
a
/reinstatement
/of /a /policy /rather /than /obtaining /a /new /one?,insured /original /issue /age /is /used
,How
/does /
a
/noncancelable
/policy
/differ
/from /
a
/guaranteed
/renewable
/policy?,With /the /noncancelable /policy /the /insurer /may /increase /premiums /only /based /on /the
/terms /of /the /policy.
What
/does
/first
/dollar
/coverage
/mean?,As /soon /as /covered /medical /expenses /are /incurred, /the /policy /begins /to /pay.
What
/is
/the
/maximum
/amount
/of
/time
/the
/insured
/has /to /file /legal /action /against /the /insurer /after /written /proof /of /loss /is /provided?,3 /years
What
/is /
a /MIB /report?,medical /information /on /an /applicant /for /assessing /life /or /health /insurance /risk
, All
/of
/the /following /are /TRUE /regarding /incomplete /applications /EXCEPT,the /incomplete /application
/can /be /accepted /with /the /missing /information /added /later.
hy
/are
/insurance
/policies
/considered
/conditional
/contracts?,Certain /conditions /need /to /be /met /to /make /the /contract /legally /enforceable.
When
/does
/insurable
/interest
/come
/into /play /in /a /life /insurance /policy?,when /the /applicant /for /the /policy /is /not /the /insured
Which
/type
/of
/receipt
/makes
/the
/insurer
/liable
/for
/the
/risk /from /the /date /of /application, /regardless /of /the /applicant's /insurability?,binding /receipt
What
/specific
