PSI - NY Life, Accident and Health
Practice Exam 17-55
A customer report used to determine eligibility for insurance may additionally consist of all
the following EXCEPT - ANS-Medical underwriting examination
A institution conversion option may be utilized in all the following times EXCEPT - ANS-a
life-changing event, consisting of marriage, divorce, or childbirth
According to the Time Payment of Claims provision, the insurer ought to make the charge
straight away after receiving proof of loss EXCEPT - ANS-for claims regarding periodic
payments
All of the subsequent are characteristics of variable whole existence EXCEPT - ANS-there
may be no guaranteed minimal dying advantage.
All of the following are classifications of hazard EXCEPT - ANS-non-nicotine
All of the subsequent are common exclusions from loss found in disability earnings rules
EXCEPT for that incurred whilst - ANS-Committing a misdemeanor
All of the subsequent are possession rights EXCEPT - ANS-Switching the coverage from
one insured to another
All of the subsequent are required signatures on a existence insurance software EXCEPT -
ANS-The minor in a juvenile coverage
All of the following are requirements to qualify for Social Security disability advantages
EXCEPT while - ANS-unable to work in profession in which the employee became skilled or
educated
All of the subsequent are tax certified retirement plans EXCEPT - ANS-Section 529 plan.
All of the subsequent are TRUE regarding incomplete packages EXCEPT - ANS-The
incomplete application can be widely wide-spread with the lacking information brought later
At which factor are contractual loss of life gain agreement options decided and via whom are
they decided? - ANS-At the time the policy is bought via the owner of the coverage
Compared to basic clinic, clinical and surgical policies, which kind of insurance offers
broader coverage, fewer gaps, better individual advantages, and higher coverage
maximums? - ANS-major medical insurance
Current assumption whole existence regulations are sensitive to which of the following? -
ANS-hobby rates
, For an character lengthy-time period care coverage there may be an annual greenback
restrict for tax deductions this is based on which of the subsequent? - ANS-age
How do warranties differ from representations? - ANS-a assurance is assured to be true, a
representation is believed to be authentic to the first-rate of one's know-how.
How does a noncancelable coverage fluctuate from a guaranteed renewable policy? -
ANS-with the non cancelable coverage the insurer might also boom charges simplest based
totally at the phrases of the coverage
How long after being entitled to disability advantages will an man or woman be eligible to
receive Medicare advantages? - ANS-2 years
If the insurer needs to percentage an applicant's HIV popularity, the applicant have to
receive complete observe of all of the following EXCEPT - ANS-the remedy techniques
which can be blanketed by the policy.
In a case in which an person's health is insured by using both their personal policy and their
spouse's policy, which policy can pay inside the occasion of an infection? - ANS-The
individual's policy can pay first, the spouse's coverage pays the ultimate up to coverage
amount.
In a domestic healthcare advantage, all the following are eligible expenses EXCEPT -
ANS-blood transfusions
In noncontributory plans, which percent of eligible individuals must participate? - ANS-one
hundred%
In which of the following does a blanketed employee comply with a reduction in
reimbursement so the quantity may be used to cover clinical fees? - ANS-Flexible Spending
Account (FSA)
Managed care plans boom efficiency through all the following approach EXCEPT -
ANS-moving the management of charges to the insureds.
Obtaining client data reviews under false pretenses is prosecutable by means of which of the
subsequent? - ANS-Fair Credit Reporting Act
Short time period disability insurance normally best covers injuries due to which of the
subsequent? - ANS-Non-occupational injuries
States commonly define a real "group" for coverage as requiring at the least how many
individuals? - ANS-10
The institution conversion alternative is authorized for all of the following EXCEPT -
ANS-throughout the yearly benefits enrollment length.
Practice Exam 17-55
A customer report used to determine eligibility for insurance may additionally consist of all
the following EXCEPT - ANS-Medical underwriting examination
A institution conversion option may be utilized in all the following times EXCEPT - ANS-a
life-changing event, consisting of marriage, divorce, or childbirth
According to the Time Payment of Claims provision, the insurer ought to make the charge
straight away after receiving proof of loss EXCEPT - ANS-for claims regarding periodic
payments
All of the subsequent are characteristics of variable whole existence EXCEPT - ANS-there
may be no guaranteed minimal dying advantage.
All of the following are classifications of hazard EXCEPT - ANS-non-nicotine
All of the subsequent are common exclusions from loss found in disability earnings rules
EXCEPT for that incurred whilst - ANS-Committing a misdemeanor
All of the subsequent are possession rights EXCEPT - ANS-Switching the coverage from
one insured to another
All of the subsequent are required signatures on a existence insurance software EXCEPT -
ANS-The minor in a juvenile coverage
All of the following are requirements to qualify for Social Security disability advantages
EXCEPT while - ANS-unable to work in profession in which the employee became skilled or
educated
All of the subsequent are tax certified retirement plans EXCEPT - ANS-Section 529 plan.
All of the subsequent are TRUE regarding incomplete packages EXCEPT - ANS-The
incomplete application can be widely wide-spread with the lacking information brought later
At which factor are contractual loss of life gain agreement options decided and via whom are
they decided? - ANS-At the time the policy is bought via the owner of the coverage
Compared to basic clinic, clinical and surgical policies, which kind of insurance offers
broader coverage, fewer gaps, better individual advantages, and higher coverage
maximums? - ANS-major medical insurance
Current assumption whole existence regulations are sensitive to which of the following? -
ANS-hobby rates
, For an character lengthy-time period care coverage there may be an annual greenback
restrict for tax deductions this is based on which of the subsequent? - ANS-age
How do warranties differ from representations? - ANS-a assurance is assured to be true, a
representation is believed to be authentic to the first-rate of one's know-how.
How does a noncancelable coverage fluctuate from a guaranteed renewable policy? -
ANS-with the non cancelable coverage the insurer might also boom charges simplest based
totally at the phrases of the coverage
How long after being entitled to disability advantages will an man or woman be eligible to
receive Medicare advantages? - ANS-2 years
If the insurer needs to percentage an applicant's HIV popularity, the applicant have to
receive complete observe of all of the following EXCEPT - ANS-the remedy techniques
which can be blanketed by the policy.
In a case in which an person's health is insured by using both their personal policy and their
spouse's policy, which policy can pay inside the occasion of an infection? - ANS-The
individual's policy can pay first, the spouse's coverage pays the ultimate up to coverage
amount.
In a domestic healthcare advantage, all the following are eligible expenses EXCEPT -
ANS-blood transfusions
In noncontributory plans, which percent of eligible individuals must participate? - ANS-one
hundred%
In which of the following does a blanketed employee comply with a reduction in
reimbursement so the quantity may be used to cover clinical fees? - ANS-Flexible Spending
Account (FSA)
Managed care plans boom efficiency through all the following approach EXCEPT -
ANS-moving the management of charges to the insureds.
Obtaining client data reviews under false pretenses is prosecutable by means of which of the
subsequent? - ANS-Fair Credit Reporting Act
Short time period disability insurance normally best covers injuries due to which of the
subsequent? - ANS-Non-occupational injuries
States commonly define a real "group" for coverage as requiring at the least how many
individuals? - ANS-10
The institution conversion alternative is authorized for all of the following EXCEPT -
ANS-throughout the yearly benefits enrollment length.
