NY Series 17-52 EXAM Questions with 100% Correct Answers | Verified ||
ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
Contributory health insurance plan - (ANSWER)A health insurance plan where eligible employees must
be included
Primary insurance - (ANSWER)The insurance through the husband's company in a situation where both
spouses are covered by health plans through their respective companies
COBRA coverage period - (ANSWER)The period of coverage for events such as death or divorce under
COBRA, which is 36 months
Free-look period - (ANSWER)The period during which the policyowner can return the policy and receive
a refund of premium, which ends after 25 days
Presumptive Disability benefits - (ANSWER)Benefits that the insured will not receive if the blindness
improves a month later
Risk in insurance - (ANSWER)Defined as the uncertainty or chance of loss
Producer's fiduciary duty - (ANSWER)The trust that a client places in the producer in regard to handling
premiums
Basic medical expense plans - (ANSWER)Plans that do not provide coverage for catastrophic medical
expenses
Noncancellable policy feature - (ANSWER)The feature where the insurer may terminate the contract
only at renewal for certain conditions
Policy application change - (ANSWER)The best way to change an application is to start over with a fresh
application
ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
Contributory health insurance plan - (ANSWER)A health insurance plan where eligible employees must
be included
Primary insurance - (ANSWER)The insurance through the husband's company in a situation where both
spouses are covered by health plans through their respective companies
COBRA coverage period - (ANSWER)The period of coverage for events such as death or divorce under
COBRA, which is 36 months
Free-look period - (ANSWER)The period during which the policyowner can return the policy and receive
a refund of premium, which ends after 25 days
Presumptive Disability benefits - (ANSWER)Benefits that the insured will not receive if the blindness
improves a month later
Risk in insurance - (ANSWER)Defined as the uncertainty or chance of loss
Producer's fiduciary duty - (ANSWER)The trust that a client places in the producer in regard to handling
premiums
Basic medical expense plans - (ANSWER)Plans that do not provide coverage for catastrophic medical
expenses
Noncancellable policy feature - (ANSWER)The feature where the insurer may terminate the contract
only at renewal for certain conditions
Policy application change - (ANSWER)The best way to change an application is to start over with a fresh
application
