New York Life Accident and Health
Insurance Exam Questions and Answers
2026-2027 Updated.
According to the Affordable Care Act, any plan in existence prior to which date is considered a
grandfathered plan? - Answer March 23, 2010
Which of these factors help determine an insured's life insurance premium? - Answer
avocation (hobby)
Long-Term Care policies may provide coverage for claims arising from - Answer senile
dementia
When replacing a life insurance policy, an agent must provide the applicant with a - Answer
Notice Regarding Replacement
All of the following are considered appropriate uses of life insurance for business purposes
EXCEPT - Answer Protecting the business by covering entry level employees with life insurance
All of these are characteristics of a major medical expense policy EXCEPT - Answer 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) - Answer 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) - Answer admitted insurer
In New York, an agent may have his/her license revoked for which of the following acts? -
Answer Failure to pay state income tax
As classified by the Affordable Care Act (ACA), a Silver Plan offers - Answer 70% actuarial level
of coverage provided
What are levels of coverage as defined by the Affordable Care Act? - Answer 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? - Answer Rebating
Low frequency diseases can be exclusively covered by what kind of health insurance policies? -
Answer Limited policies
The identity of the ___ must be made clear in every health insurance advertisement. - Answer
insurer
The open enrollment period for Medicare Supplements begins at age - Answer 65
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke,
etc)? - Answer Dread disease insurance
Insurance represents the process of risk - Answer transference
An insurer has a right to screen applicants for HIV in which of the following ways? - Answer
Blood test for HIV
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?
- Answer 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? - Answer number of dependents
A single premium cash value can be described as - Answer a policy that is paid up after only
one payment
Andy the annuitant dies before the annuity start date. Which of the following is a TRUE
statement? - Answer Premiums paid plus interest earned is returned to the beneficiary
All of these are common exclusions to a life insurance policy EXCEPT - Answer accidental death
Major Medical expense plans provide coverage for each of the following EXCEPT - Answer
work-related injuries
An example of endodontic treatment is a - Answer root canal
Insurance Exam Questions and Answers
2026-2027 Updated.
According to the Affordable Care Act, any plan in existence prior to which date is considered a
grandfathered plan? - Answer March 23, 2010
Which of these factors help determine an insured's life insurance premium? - Answer
avocation (hobby)
Long-Term Care policies may provide coverage for claims arising from - Answer senile
dementia
When replacing a life insurance policy, an agent must provide the applicant with a - Answer
Notice Regarding Replacement
All of the following are considered appropriate uses of life insurance for business purposes
EXCEPT - Answer Protecting the business by covering entry level employees with life insurance
All of these are characteristics of a major medical expense policy EXCEPT - Answer 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) - Answer 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) - Answer admitted insurer
In New York, an agent may have his/her license revoked for which of the following acts? -
Answer Failure to pay state income tax
As classified by the Affordable Care Act (ACA), a Silver Plan offers - Answer 70% actuarial level
of coverage provided
What are levels of coverage as defined by the Affordable Care Act? - Answer 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? - Answer Rebating
Low frequency diseases can be exclusively covered by what kind of health insurance policies? -
Answer Limited policies
The identity of the ___ must be made clear in every health insurance advertisement. - Answer
insurer
The open enrollment period for Medicare Supplements begins at age - Answer 65
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke,
etc)? - Answer Dread disease insurance
Insurance represents the process of risk - Answer transference
An insurer has a right to screen applicants for HIV in which of the following ways? - Answer
Blood test for HIV
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?
- Answer 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? - Answer number of dependents
A single premium cash value can be described as - Answer a policy that is paid up after only
one payment
Andy the annuitant dies before the annuity start date. Which of the following is a TRUE
statement? - Answer Premiums paid plus interest earned is returned to the beneficiary
All of these are common exclusions to a life insurance policy EXCEPT - Answer accidental death
Major Medical expense plans provide coverage for each of the following EXCEPT - Answer
work-related injuries
An example of endodontic treatment is a - Answer root canal
