NY Series 17-52 Exam: Questions With Simple Answers
A health insurance plan where eligible employees must be included Correct
Ans - Contributory health insurance plan
The insurance through the husband's company in a situation where both
spouses are covered by health plans through their respective companies
Correct Ans - Primary insurance
The period of coverage for events such as death or divorce under COBRA,
which is 36 months Correct Ans - COBRA coverage period
The period during which the policyowner can return the policy and receive a
refund of premium, which ends after 25 days Correct Ans - Free-look
period
Benefits that the insured will not receive if the blindness improves a month
later Correct Ans - Presumptive Disability benefits
Defined as the uncertainty or chance of loss Correct Ans - Risk in
insurance
The trust that a client places in the producer in regard to handling premiums
Correct Ans - Producer's fiduciary duty
Plans that do not provide coverage for catastrophic medical expenses
Correct Ans - Basic medical expense plans
The feature where the insurer may terminate the contract only at renewal for
certain conditions Correct Ans - Noncancellable policy feature
The best way to change an application is to start over with a fresh application
Correct Ans - Policy application change
The amount that an insured must pay on a claim before the insurer will pay
Correct Ans - Deductible in major medical insurance
A policy that cannot exclude newborn children from coverage Correct Ans -
Group health insurance policy in New York
A health insurance plan where eligible employees must be included Correct
Ans - Contributory health insurance plan
The insurance through the husband's company in a situation where both
spouses are covered by health plans through their respective companies
Correct Ans - Primary insurance
The period of coverage for events such as death or divorce under COBRA,
which is 36 months Correct Ans - COBRA coverage period
The period during which the policyowner can return the policy and receive a
refund of premium, which ends after 25 days Correct Ans - Free-look
period
Benefits that the insured will not receive if the blindness improves a month
later Correct Ans - Presumptive Disability benefits
Defined as the uncertainty or chance of loss Correct Ans - Risk in
insurance
The trust that a client places in the producer in regard to handling premiums
Correct Ans - Producer's fiduciary duty
Plans that do not provide coverage for catastrophic medical expenses
Correct Ans - Basic medical expense plans
The feature where the insurer may terminate the contract only at renewal for
certain conditions Correct Ans - Noncancellable policy feature
The best way to change an application is to start over with a fresh application
Correct Ans - Policy application change
The amount that an insured must pay on a claim before the insurer will pay
Correct Ans - Deductible in major medical insurance
A policy that cannot exclude newborn children from coverage Correct Ans -
Group health insurance policy in New York
