PSI - NY Life, Accident and Health Practice Exam 17-55 Questions And Answers Package Deal

Both the structure and the contents of a mobile home can be insured by purchasing? - ANS either a mobile home package policy or an HO2 or HO3 with the mobile homeowners endorsement Up to how many days may an auto insurance policy be in force and still be cancelled by the insurer for any...

Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? - ANS 30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - ANS 30 ...

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? - ANS Free Look When will a policy pay on a UCR basis? - ANS When particular ...

How many eligible employees must be included in a contributory health insurance plan? - ANS 50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a ...

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the f...

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the f...

all of the following information about a customer must be used in determining annuity suitability EXCEPT - ANS Beneficiaries age how must a replacing producer respond to an applicant wishing to replace existing life insurance? - ANS the producer must provide the applicant with a...

all of the following information about a customer must be used in determining annuity suitability EXCEPT - ANS Beneficiaries age how must a replacing producer respond to an applicant wishing to replace existing life insurance? - ANS the producer must provide the applicant with a...

Accident - ANS An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Adhesion - ANS "A contract offered on a ""take-it-or-leave-it"" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in ...

Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option - ANS The Accumulation at Interest Option ...

Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - active - status - results - leave - ANS results A rehabilitation benefit is intended to: - prepare the insured to retur...

Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary - ANS ...