NY Series 17-52 Midterm Exam
Questions With Guaranteed Pass
Solutions.
How many eligible employees must be included in a contributory health insurance plan? - Answer 50%
A man works for Company A and his wife works for Company B. The spouses are covered by health plans
through their respective companies that also cover the other spouse. If the husband files a claim, -
Answer The insurance through his company is primary.
What is the period of coverage for events such as death or divorce under COBRA? - Answer 36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides that she would like
to return the policy and receive a refund of premium. Which of the following is true? - Answer The
policyowner will not receive a refund because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he permanently loses
the use of his leg and is rendered completely blind. The blindness improves a month later. To what extent
will he receive Presumptive Disability benefits? - Answer No benefits
For the purpose of insurance, risk is defined as - Answer The uncertainty or chance of loss.
Which of the following is an example of a producer's fiduciary duty? - Answer The trust that a client
places in the producer in regard to handling premiums.
Which of the following is NOT true of basic medical expense plans? - Answer Coverage for catastrophic
medical expenses
Which of the following is NOT a feature of a noncancellable policy? - Answer The insurer may terminate
the contract only at renewal for certain conditions.
Questions With Guaranteed Pass
Solutions.
How many eligible employees must be included in a contributory health insurance plan? - Answer 50%
A man works for Company A and his wife works for Company B. The spouses are covered by health plans
through their respective companies that also cover the other spouse. If the husband files a claim, -
Answer The insurance through his company is primary.
What is the period of coverage for events such as death or divorce under COBRA? - Answer 36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides that she would like
to return the policy and receive a refund of premium. Which of the following is true? - Answer The
policyowner will not receive a refund because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he permanently loses
the use of his leg and is rendered completely blind. The blindness improves a month later. To what extent
will he receive Presumptive Disability benefits? - Answer No benefits
For the purpose of insurance, risk is defined as - Answer The uncertainty or chance of loss.
Which of the following is an example of a producer's fiduciary duty? - Answer The trust that a client
places in the producer in regard to handling premiums.
Which of the following is NOT true of basic medical expense plans? - Answer Coverage for catastrophic
medical expenses
Which of the following is NOT a feature of a noncancellable policy? - Answer The insurer may terminate
the contract only at renewal for certain conditions.
