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

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Insurance Licensing NY-Life-Accident-and-Health Practice Q&A's

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

SectionObjectives
Topic 1: Accident and Health Insurance- Health insurance products
  • 1. Hospital and medical expense coverage
    • 2. Disability income insurance
      - Policy features and provisions
      • 1. Elimination periods and benefit limits
        • 2. Coordination of benefits
          Topic 2: State Regulations (New York)- Ethics and compliance
          • 1. Unfair trade practices
            • 2. Producer responsibilities and conduct
              - Licensing requirements
              • 1. Pre-licensing education requirements
                • 2. Application and background checks
                  Topic 3: Insurance Fundamentals- Principles of insurance and risk management
                  • 1. Insurable interest and indemnity concepts
                    • 2. Risk classification and pooling of risk
                      - Insurance contract law basics
                      • 1. Elements of a valid contract
                        • 2. Policy provisions and clauses

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

                          Question #1

                          Which of the following actions is NOT considered the Business of Life Settlements?

                          • A. Negotiating a life settlement contract through a life settlement broker.
                          • B. Issuing a life settlement contract by mail.
                          • C. Assigning a life settlement contract as a collateral loan.
                          • D. Soliciting a life settlement contract from out of state.
                          Answer: C

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                          Question #2

                          The Group Life Underwriting risk selection process helps protect insurers from

                          • A. medical underwriting.
                          • B. risk underwriting.
                          • C. risk selection.
                          • D. adverse selection.
                          Answer: D

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                          Question #3

                          Which of the following is a characteristic of level premium term life insurance?

                          • A. It matches the level amount of protection on the insured ' s life expectancy.
                          • B. It can be used for cash value.
                          • C. The cost of insurance is averaged throughout the life of the contract.
                          • D. It provides for lower benefits.
                          Answer: C

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                          Question #4

                          Predicting an individual ' s future earning potential and determining how much of that amount would be devoted to his dependents incorporates the

                          • A. loss exposure approach.
                          • B. personal needs approach.
                          • C. salary projection approach.
                          • D. human life value approach.
                          Answer: D

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                          Question #5

                          Which of the following is described when a selected group of practitioners, in a certain area, agrees to provide services at a pre-arranged cost on a fee-for-service basis?

                          • A. preferred provider organization
                          • B. risk purchasing group
                          • C. coalition group
                          • D. indemnity organization
                          Answer: A

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