Try Insurance Licensing : NY-Life-Accident-and-Health valid & accurate questions and answers

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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Life Insurance Fundamentals25-30%- Policy reinstatement
- Policy riders and endorsements
- Policy types and provisions
- Dividends and nonforfeiture options
- Beneficiary designations
Topic 2: New York State Regulations20-25%- NYS Insurance Law requirements
- Advertising regulations
- Consumer protection regulations
- Fiduciary responsibilities
- Licensing requirements and procedures
- Replacement and churn rules
Topic 3: General Insurance Principles15-20%- Ethical sales practices
- Insurance contract fundamentals
- Fair claims settlement practices
- Agent/broker duties and ethics
- Underwriting principles
Topic 4: Accident and Health Insurance25-30%- Disability income insurance
- Medical expense coverage
- Long-term care insurance basics
- Major medical coverage
- Dental and vision insurance basics
- Health insurance policy types (individual, group, HMOs)

Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:

Question #1

Which approach considers the future needs of the survivors in determining amounts of life insurance?

  • A. Living Benefits Approach.
  • B. Cost Comparison Approach.
  • C. Needs Approach.
  • D. Human Life Value Approach.
Answer: C

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Question #2

The policy provision describing the responsibilities of the master policyowner is in

  • A. group health policies.
  • B. individual medical policies.
  • C. certificate of coverage.
  • D. individual health policies.
Answer: A

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Question #3

Individuals who are eligible for Medicare on the first day of the month in which they turn age 65 are automatically enrolled in

  • A. Part A.
  • B. Part C.
  • C. Part B.
  • D. Part D.
Answer: A

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Question #4

Which of the following statements BEST describes a disability elimination period?

  • A. A dollar deductible rather than a time deductible.
  • B. A qualifying period.
  • C. A benefit or utilization period.
  • D. A time deductible rather than a dollar deductible.
Answer: D

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Question #5

Insurance is defined as what type of risk?

  • A. Legal
  • B. Speculative
  • C. Physical
  • D. Pure
Answer: D

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