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

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

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

                          What period of time can a life insurance application be backdated?

                          • A. 6 months
                          • B. 3 months
                          • C. 2 weeks
                          • D. 1 year
                          Reveal Solution  Discussion  0

                          Correct Answer: A  🗳️

                          Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                          An insured individual who has been diagnosed with osteoporosis needs therapy in her home. Which type of long-term care benefit would be MOST appropriate for her?

                          • A. Skilled nursing care.
                          • B. Home health care.
                          • C. Adult day care.
                          • D. Intermediate care.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                          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. Limited-amount per diem.
                          • C. Blanket.
                          • D. Hospital indemnity.
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

                          Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                          An annuity product linked to a market-related rate of return is called

                          • A. a tax-sheltered annuity.
                          • B. a fixed annuity.
                          • C. a deferred annuity.
                          • D. an indexed annuity.
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

                          Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                          What is the purpose of the Accelerated Death Benefit Rider?

                          • A. To increase the death benefit by a stated percentage.
                          • B. To provide for the early payment of the death benefit for a terminally ill insured.
                          • C. To decrease the tax liability of the insured ' s estate.
                          • D. To adjust the death benefit to keep up with inflation.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

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