Psi - Ny Life, Accident And Health Practice Exam 17- 55 2023 Verified Answers

PSI - NY Life, Accident and Health Practice Exam 17-55 2023 VERIFIED ANSWERS 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? Free Look When will a policy pay on a UCR basis? When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? long term care riderWhich of the following is exempted from the incontestability provision in insurance policies? Fraudulent misstatements What does first dollar coverage mean? As soon as covered medical expenses are incurred, the policy begins to pay What is the waiver of premium provision? In a long term care contract, the premium is waived after the insured has been confined for a specific period of time According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT for claims involving periodic payments Which is a disadvantage to a flexible premium annuity? the actual amount of the annuity benefit cannot be determined in advance