New York Life, Accident and Health Insurance ExamWITH
QUESTION AND WELL VERIFIED ANSWERS 2026!!
According to the Affordable Care Act, any plan in existence prior to which date is considered a
grandfathered plan? - ANSWERS✔️💫-March 23, 2010
Which of these factors help determine an insured's life insurance premium? - ANSWERS✔️💫-avocation
(hobby)
Long-Term Care policies may provide coverage for claims arising from - ANSWERS✔️💫-senile dementia
When replacing a life insurance policy, an agent must provide the applicant with a - ANSWERS✔️💫-
Notice Regarding Replacement
All of the following are considered appropriate uses of life insurance for business purposes EXCEPT -
ANSWERS✔️💫-Protecting the business by covering entry level employees with life insurance
All of these are characteristics of a major medical expense policy EXCEPT - ANSWERS✔️💫-elimination
periods
A type of group that has a constitution and bylaws and has been organized for purposes other than
obtaining insurance is called a(n) - ANSWERS✔️💫-association or labor group
An insurance company that has qualified and received a Certificate of Authority from the
Superintendent to sell insurance in this state is called a(n) - ANSWERS✔️💫-admitted insurer
In New York, an agent may have his/her license revoked for which of the following acts? -
ANSWERS✔️💫-Failure to pay state income tax
As classified by the Affordable Care Act (ACA), a Silver Plan offers - ANSWERS✔️💫-70% actuarial level of
coverage provided
, What are levels of coverage as defined by the Affordable Care Act? - ANSWERS✔️💫-Bronze, Silver, Gold,
Platinum
Insurance agent Kelly offers a prospect a $1,000 shopping card if an insurance policy is purchased
through her. What illegal activity is this an example of? - ANSWERS✔️💫-Rebating
Low frequency diseases can be exclusively covered by what kind of health insurance policies? -
ANSWERS✔️💫-Limited policies
The identity of the ___ must be made clear in every health insurance advertisement. - ANSWERS✔️💫-
insurer
The open enrollment period for Medicare Supplements begins at age - ANSWERS✔️💫-65
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc)? -
ANSWERS✔️💫-Dread disease insurance
Insurance represents the process of risk - ANSWERS✔️💫-transference
An insurer has a right to screen applicants for HIV in which of the following ways? - ANSWERS✔️💫-Blood
test for HIV
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? -
ANSWERS✔️💫-File written proof of loss
When an agent is determining the suitability of an annuity for a client, which of these is NOT usually
taken into consideration? - ANSWERS✔️💫-number of dependents
A single premium cash value can be described as - ANSWERS✔️💫-a policy that is paid up after only one
payment
QUESTION AND WELL VERIFIED ANSWERS 2026!!
According to the Affordable Care Act, any plan in existence prior to which date is considered a
grandfathered plan? - ANSWERS✔️💫-March 23, 2010
Which of these factors help determine an insured's life insurance premium? - ANSWERS✔️💫-avocation
(hobby)
Long-Term Care policies may provide coverage for claims arising from - ANSWERS✔️💫-senile dementia
When replacing a life insurance policy, an agent must provide the applicant with a - ANSWERS✔️💫-
Notice Regarding Replacement
All of the following are considered appropriate uses of life insurance for business purposes EXCEPT -
ANSWERS✔️💫-Protecting the business by covering entry level employees with life insurance
All of these are characteristics of a major medical expense policy EXCEPT - ANSWERS✔️💫-elimination
periods
A type of group that has a constitution and bylaws and has been organized for purposes other than
obtaining insurance is called a(n) - ANSWERS✔️💫-association or labor group
An insurance company that has qualified and received a Certificate of Authority from the
Superintendent to sell insurance in this state is called a(n) - ANSWERS✔️💫-admitted insurer
In New York, an agent may have his/her license revoked for which of the following acts? -
ANSWERS✔️💫-Failure to pay state income tax
As classified by the Affordable Care Act (ACA), a Silver Plan offers - ANSWERS✔️💫-70% actuarial level of
coverage provided
, What are levels of coverage as defined by the Affordable Care Act? - ANSWERS✔️💫-Bronze, Silver, Gold,
Platinum
Insurance agent Kelly offers a prospect a $1,000 shopping card if an insurance policy is purchased
through her. What illegal activity is this an example of? - ANSWERS✔️💫-Rebating
Low frequency diseases can be exclusively covered by what kind of health insurance policies? -
ANSWERS✔️💫-Limited policies
The identity of the ___ must be made clear in every health insurance advertisement. - ANSWERS✔️💫-
insurer
The open enrollment period for Medicare Supplements begins at age - ANSWERS✔️💫-65
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc)? -
ANSWERS✔️💫-Dread disease insurance
Insurance represents the process of risk - ANSWERS✔️💫-transference
An insurer has a right to screen applicants for HIV in which of the following ways? - ANSWERS✔️💫-Blood
test for HIV
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? -
ANSWERS✔️💫-File written proof of loss
When an agent is determining the suitability of an annuity for a client, which of these is NOT usually
taken into consideration? - ANSWERS✔️💫-number of dependents
A single premium cash value can be described as - ANSWERS✔️💫-a policy that is paid up after only one
payment
