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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation and General Principles | 20% | - Insurance Concepts
|
| Accident and Health Insurance | 35% | - Health Insurance Basics
|
| Life Insurance Products and Provisions | 30% | - Types of Life Insurance Policies
|
| Underwriting, Marketing and Sales Practices | 15% | - Application and Underwriting Procedures
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
Which of the following is an example of risk sharing?
- A. purchasing an insurance policy to cover liability exposures
- B. pooling money to cover malpractice exposures
- C. choosing not to purchase a car
- D. installing a sprinkler system in a high-rise building
Correct Answer: B 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
The Group Life Underwriting risk selection process helps protect insurers from
- A. risk selection.
- B. adverse selection.
- C. risk underwriting.
- D. medical underwriting.
Correct Answer: B 🗳️
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Which type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured ' s other health insurance?
- A. Medigap.
- B. Hospital indemnity.
- C. Blanket.
- D. Limited-amount per diem.
Correct Answer: B 🗳️
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With the majority of companies, within how many days does the free-look provision allow the insured the right to return the life insurance policy for full premium?
- A. 30 days.
- B. 10 days.
- C. 15 days.
- D. 5 days.
Correct Answer: B 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
With respect to small group health benefit plans, a carrier may discontinue coverage or may refuse to renew such a plan if the employer
- A. has a supplemental plan with a competing carrier.
- B. has filed for bankruptcy in the prior year.
- C. employs fewer than 15 full-time employees.
- D. falls to pay the premium prior to the end of the grace period.
Correct Answer: D 🗳️
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