7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
NYS rules and regulations pertinent to life
insurance complete questions and answers
\verified 100%
Terms in this set (416)
In regards to technology States which operate with an exchange must offer an
and the ACA, which of the internet-based portal
following is true?
the time after issuing a 2 years
policy during which an
insurance company my
contest a life insurance
claim due to the
statements on an
application is
In New York, a group a summary of policy features and benefits
accident and health
certificate of insurance
must contain
Starting in 2016, 100
businesses with up to ___
employees will be defined
by the ACA as a "small
business".
accident and health the policy, endorsement, and attached papers
insurance standard constitute the entire contract
provision require that
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 1/57
,7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
when initially issued, a 90 days
temporary producer
license in NY is valid for
which of the following level of education
information is NOT
needed to determine the
suitability of an annuity
recommendation?
which of these is NOT community service
considered a Federal
punishment for unfair and
deceptive insurance
practices?
an association which life settlement intermediary
maintains a facility that
displays offers and
counteroffers for
purchasers or sellers of
life settlement contract is
known as a
in regards to ACA , which contact the employer is an employee stops coverage
of these is NOT a role of a under a plan offered in the exchange
health insurance exchange
ACA affordable care act
a policyowner has after the new life insurance policy has been issued
decided to replace an and delivered to the policyowner
existing life insurance
policy with a new one. The
existing life insurance
policy should be
terminated
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 2/57
,7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
In New York, reducing prohibited in any form
benefits for a newborn
child under an accident
and health plan is
According to ACA, if intentionally false statements were offered
coverage may be
recinded
Tom the agent replaced a twisting
client's insurance policy
when it was not in the
client's best interest. Tom
could be found guilty of
the application is part of entire contract
an annuity contract
according to which of the
following clauses
(required accident and
health provision)
the superintendent has the of the powers granted through state statutes
ability to examine the
business records of
insurers and agencies
because
an agent must report to 30 days
the superintendent any
administrative action taken
against her by any
governmental agency
within
According to the ACA, CCIIO
new health insurance
marketplaces are
established by the
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 3/57
, 7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
Uniform policy provisions the policy, endorsement and attached papers
found in all accident and constitute the entire contract (a required provision)
health policies require that
which of the following policy can be contested by the insurer only during the
statements about the firsts 2 years of the contract
contestability of life
insurance policy is true?
a small employer group is 2-50 employees
an employer that employs
how many?
According to ACA, the medical loss ratio
proportion of premium
revenues spent on clinical
services and quality
improvement is called the
when a similarly appointed shared between the agents
agent provides another
agent with a referral,
which results in a sale, the
commissions paid are
generally
what does "SHOP" stand Small Business Health Options Program
for in SHOP exchange
why were Exchanges to create a one-stop market for standardized health
implemented by the ACA? insurance plans
New York requires a statement that the policy is limited
advertisements for
accident and health
insurance policies
covering ONLY a specified
illness to prominently
display
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 4/57
NYS rules and regulations pertinent to life
insurance complete questions and answers
\verified 100%
Terms in this set (416)
In regards to technology States which operate with an exchange must offer an
and the ACA, which of the internet-based portal
following is true?
the time after issuing a 2 years
policy during which an
insurance company my
contest a life insurance
claim due to the
statements on an
application is
In New York, a group a summary of policy features and benefits
accident and health
certificate of insurance
must contain
Starting in 2016, 100
businesses with up to ___
employees will be defined
by the ACA as a "small
business".
accident and health the policy, endorsement, and attached papers
insurance standard constitute the entire contract
provision require that
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 1/57
,7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
when initially issued, a 90 days
temporary producer
license in NY is valid for
which of the following level of education
information is NOT
needed to determine the
suitability of an annuity
recommendation?
which of these is NOT community service
considered a Federal
punishment for unfair and
deceptive insurance
practices?
an association which life settlement intermediary
maintains a facility that
displays offers and
counteroffers for
purchasers or sellers of
life settlement contract is
known as a
in regards to ACA , which contact the employer is an employee stops coverage
of these is NOT a role of a under a plan offered in the exchange
health insurance exchange
ACA affordable care act
a policyowner has after the new life insurance policy has been issued
decided to replace an and delivered to the policyowner
existing life insurance
policy with a new one. The
existing life insurance
policy should be
terminated
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 2/57
,7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
In New York, reducing prohibited in any form
benefits for a newborn
child under an accident
and health plan is
According to ACA, if intentionally false statements were offered
coverage may be
recinded
Tom the agent replaced a twisting
client's insurance policy
when it was not in the
client's best interest. Tom
could be found guilty of
the application is part of entire contract
an annuity contract
according to which of the
following clauses
(required accident and
health provision)
the superintendent has the of the powers granted through state statutes
ability to examine the
business records of
insurers and agencies
because
an agent must report to 30 days
the superintendent any
administrative action taken
against her by any
governmental agency
within
According to the ACA, CCIIO
new health insurance
marketplaces are
established by the
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 3/57
, 7/17/25, 1:40 PM NYS rules and regulations pertinent to life insurance
Uniform policy provisions the policy, endorsement and attached papers
found in all accident and constitute the entire contract (a required provision)
health policies require that
which of the following policy can be contested by the insurer only during the
statements about the firsts 2 years of the contract
contestability of life
insurance policy is true?
a small employer group is 2-50 employees
an employer that employs
how many?
According to ACA, the medical loss ratio
proportion of premium
revenues spent on clinical
services and quality
improvement is called the
when a similarly appointed shared between the agents
agent provides another
agent with a referral,
which results in a sale, the
commissions paid are
generally
what does "SHOP" stand Small Business Health Options Program
for in SHOP exchange
why were Exchanges to create a one-stop market for standardized health
implemented by the ACA? insurance plans
New York requires a statement that the policy is limited
advertisements for
accident and health
insurance policies
covering ONLY a specified
illness to prominently
display
/1060771958/nys-rules-and-regulations-pertinent-to-life-insurance-flash-cards/?funnelUUID=e5f1c6ae-50f2-48dc-b2c4-ddf597f94176 4/57
