NY SERIES 17-52 TEST BANK 2026 EXAM
REVIEW WITH SOLVED QUESTIONS GRADED
A+
◉ 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.
◉ What is the best way to change an application? Answer: Start over
with a fresh application
◉ On a major medical insurance policy, the amount that an insured must
pay on a claim before the insurer will pay is known as Answer:
Deductible.
◉ Which of the following is correct about a group health insurance
policy issued in New York? Answer: It cannot exclude newborn children
from coverage.
REVIEW WITH SOLVED QUESTIONS GRADED
A+
◉ 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.
◉ What is the best way to change an application? Answer: Start over
with a fresh application
◉ On a major medical insurance policy, the amount that an insured must
pay on a claim before the insurer will pay is known as Answer:
Deductible.
◉ Which of the following is correct about a group health insurance
policy issued in New York? Answer: It cannot exclude newborn children
from coverage.
