Psi - Ny Life, Accident And Health Practice Exam 17-55, Questions And Answers 2024 Graded

Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? {Ans: long term care rider}States generally define a true "group" for insurance as requiring a minimum of how many participants? {Ans: 10}Which type of life policy can be continued year after year without a required medical examination but rates are dependent on the insured's current age? {Ans: renewable term}Which is a disadvantage to a flexible premium annuity? {Ans: the actual amount of the annuity benefit cannot be determined in advance}Which of the following is defined as the dollar amount beyond which the insured no longer participates in payment of medical expenses? {Ans: Stop Loss Limit}Which of the following occurs immediately after the application is submitted and the initial premium paid? {Ans: the underwriting process begins}What is a MIB report? {Ans: medical information on an applicant for assessing life or health insurance risk}Which of the following was specifically designed to address STOLI and IOLI practices? {Ans: NCOIL Act}What does first dollar coverage mean? {Ans: As soon as covered medical expenses are incurred, the policy begins to pay}Which policy provision permits the policy owner to