Social Science Business Insurance
PSI - NY Life- Accident and Health Practice
Exam 17-55 TEST QUESTIONS & ANSWERS (A+
GRADED 100% VERIFIED) 2025 LATEST!!
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AD Banker Comprehensive Exam Ahip 2025 Module 1 Life-Only Agent Exa
Teacher 278 terms 20 terms Teacher 75 terms
rachelamnaoa9 Preview joel_mulwa Preview Rose_Roszie
Which policy provision permits Free Look
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 When particular benefits are not listed on a payment schedule
basis?
Which type of rider reimburses long term care rider
health and social service
expenses incurred in a
convalescent or nursing home
facility?
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision in
insurance policies?
What does first dollar coverage As soon as covered medical expenses are incurred, the policy
mean? begins to pay
What is the waiver of premium In a long term care contract, the premium is waived after the
provision? insured has been confined for a specific period of time
According to the Time Payment for claims involving periodic payments
of Claims provision, the insurer
must make the payment
immediately after receiving
proof of loss EXCEPT
, Which is a disadvantage to a the actual amount of the annuity benefit cannot be determined in
flexible premium annuity? advance
When a policy or certificate a detailed and comprehensive summary of the accelerated
containing an accelerated benefit
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 amounts
represents an advantage of above the contract cost basis
obtaining a policy loan versus a
withdrawal?
How does a noncancelable with the non cancelable policy the insurer may increase
policy differ from a guaranteed premiums only based on the terms of the policy
renewable policy?
What does it mean if a health Insurer may elect NOT to renew only under the conditions
policy is conditionally specified in the policy
renewable?
When the suicide clause is 2 year period
inserted in a life insurance
contract, death by suicide is not
covered during the policy's
initial:
What does coinsurance mean? The insurer and the insured share expenses over the deductible.
Which of the following must be Notice of claim
given to the insurer within 20
days after occurrence or
commencement of any loss
covered by the policy, or as
soon thereafter as is reasonably
possible?
The right to change the The policy owner has named an irrevocable beneficiary
beneficiary or dispose of the
policy or its benefits in any
manner one chooses is reserved
to the policy owner UNLESS
which of the following is true?
Which of the following refers to Mode
how often a premium is paid?
All of the following are common Committing a misdemeanor
exclusions from loss found in
disability income policies
EXCEPT for that incurred while
At which point are contractual At the time the policy is purchased by the owner of the policy
death benefit settlement options
determined and by whom are
they determined?
PSI - NY Life- Accident and Health Practice
Exam 17-55 TEST QUESTIONS & ANSWERS (A+
GRADED 100% VERIFIED) 2025 LATEST!!
Save
Students also studied
Flashcard sets Study guides
AD Banker Comprehensive Exam Ahip 2025 Module 1 Life-Only Agent Exa
Teacher 278 terms 20 terms Teacher 75 terms
rachelamnaoa9 Preview joel_mulwa Preview Rose_Roszie
Which policy provision permits Free Look
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 When particular benefits are not listed on a payment schedule
basis?
Which type of rider reimburses long term care rider
health and social service
expenses incurred in a
convalescent or nursing home
facility?
Which of the following is Fraudulent misstatements
exempted from the
incontestability provision in
insurance policies?
What does first dollar coverage As soon as covered medical expenses are incurred, the policy
mean? begins to pay
What is the waiver of premium In a long term care contract, the premium is waived after the
provision? insured has been confined for a specific period of time
According to the Time Payment for claims involving periodic payments
of Claims provision, the insurer
must make the payment
immediately after receiving
proof of loss EXCEPT
, Which is a disadvantage to a the actual amount of the annuity benefit cannot be determined in
flexible premium annuity? advance
When a policy or certificate a detailed and comprehensive summary of the accelerated
containing an accelerated benefit
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 amounts
represents an advantage of above the contract cost basis
obtaining a policy loan versus a
withdrawal?
How does a noncancelable with the non cancelable policy the insurer may increase
policy differ from a guaranteed premiums only based on the terms of the policy
renewable policy?
What does it mean if a health Insurer may elect NOT to renew only under the conditions
policy is conditionally specified in the policy
renewable?
When the suicide clause is 2 year period
inserted in a life insurance
contract, death by suicide is not
covered during the policy's
initial:
What does coinsurance mean? The insurer and the insured share expenses over the deductible.
Which of the following must be Notice of claim
given to the insurer within 20
days after occurrence or
commencement of any loss
covered by the policy, or as
soon thereafter as is reasonably
possible?
The right to change the The policy owner has named an irrevocable beneficiary
beneficiary or dispose of the
policy or its benefits in any
manner one chooses is reserved
to the policy owner UNLESS
which of the following is true?
Which of the following refers to Mode
how often a premium is paid?
All of the following are common Committing a misdemeanor
exclusions from loss found in
disability income policies
EXCEPT for that incurred while
At which point are contractual At the time the policy is purchased by the owner of the policy
death benefit settlement options
determined and by whom are
they determined?
