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Series 17-55 Questions and Correct Answers with Rationales (2026/2027)

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This document contains questions and verified answers for Series 17-55 . It includes detailed explanations, revision-focused content, and exam preparation material suitable for 2026/2027 students.

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Series 17-55

20 pay complete lifestyles, top class bills - ANS-Paid for two decades or till dying, which ever
is first

Affordable care act percentage of preventive care - ANS-100%

Agent - ANS-Producer who owns his personal subject workplace

All classified ads are the responsibility of the - ANS-insurer

An insurer over paid on a claim, the insurer can also recover the excess from - ANS-The
different insure, another organisation involved inside the claim, the character at the
advantage has been paid

Another call for administrative offerings simplest arrangement - ANS-Third-birthday party
administrator

Benefits for an man or woman disability plans are based on - ANS-Flat amount

Cash option - ANS-Allows an insurer to send the policyholder an annual non-taxable
dividend test

give up and desist order - ANS-Licensee should prevent the violation she or he is suspected
of doing

concurrent review - ANS-Monitors insurance sanatorium stay to ensure everything is
intending in keeping with time table

Embezzlement - ANS-Criminal act of taking cash belonging to a person else

Employer contributions to health savings account - ANS-Are not blanketed in character
insured's taxable as earnings

Examples of chance retention - ANS-Self coverage, deductibles, copayment

Fixed quantity - ANS-The annuitant selects the amount of each charge, and the insurance
determines how lengthy pays advantages

Fixed Annuities - ANS-Invest premium bills right into a trendy account, offer distinctive,
greenback amounts for each annuity payment

Guarantee of insurability alternative - ANS-Allow the insured periodically boom, benefit tiers
with out evidence of insurability

, Guaranteed insurability rider - ANS-Allow for specific extra quantities of insurance to be
purchased at a particular age with out insurability, expires at age 40

Health coverage grace length intervals based totally upon rates - ANS-Weekly = 7 days,
monthly = 10 days, all others = 31 days

Health coverage plan that covers all injuries and sicknesses that aren't mainly excluded from
the coverage is referred to as - ANS-Comprehensive plan

How are all clinical cost medical insurance bought two individuals or small agencies rated -
ANS-Community rated

How are dying benefits paid playing lifestyles policies - ANS-Upon the first dying handiest

How are Social Security disability benefits calculated? - ANS-Primary coverage amount in
their maximum common indexed monthly profits over 35 years

How can a new physician be brought to the PPOs permitted list - ANS-Agree to follow the
PPO requirements and rate an appropriate fees.

How can annuities be funded? - ANS-Single payments or periodic bills

How does New York encourage its citizens to buy LTC guidelines - ANS-Offer tax credits on
rates

How long after the date of issue may additionally an insurer cancel an accident and fitness
coverage - ANS-90 days

How lengthy can an agent backdate an software for? - ANS-6 months

How long can an insurer contest of fraudulent statement in a medical health insurance
utility? - ANS-As lengthy as coverage is in pressure

How long does a licensee must notify the superintendent of a change of address? - ANS-30
days

How lengthy is an open enrollment duration for Medicare supplement regulations? - ANS-6
months

How long is the elimination period for Social Security disability blessings - ANS-Five months

How long have to an insurer offer notice to rescind insurance? - ANS-30 days

How long must you be covered to qualify for HIPAA? - ANS-18 months

How many personnel to qualify for cobra? - ANS-20

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