Insurance test chapter 18--New
York Laws and Rules Exam
Questions and Answers 100%
PASS
A life insurance agent is required to give a disclosure notice about information practices to
an applicant or proposed insured—ANSWER--prior to or at the time of signing the
application
When an agent is replacing an existing ordinary life insurance policy, the agent must take all
of the following actions EXCEPT—ANSWER--obtain the beneficiary's signature
An example of replacement is—ANSWER--canceling a term life policy to buy a whole life
policy
An insurance agent agrees to pay the first monthly premium for an insurance applicant. This
is called an—ANSWER--offer
An agent who sells an individual life insurance policy in New York MUST deliver to the
policyowner a—ANSWER--Policy Summary and Buyer's Guide
An Outline of ___ is required for long-term care policies and provides a brief description of
the important features of the policy—ANSWER--Coverage
, An agent who is licensed in New York but resident in another state is called a—ANSWER--
nonresident agent
The ____ is responsible for determine the appropriateness of a Medicare Supplement policy
for an applicant—ANSWER--agent
Carol filled out a life insurance application and was given a policy illustration that showed
future premiums being paid out of nonguarenteed values. This illustration MUST disclose
that—ANSWER--she may need to resume premium payments, depending on actual results
Proceeds of the life settlement contract could be subject to the claims of—ANSWER--
Creditors
Within ____ days after policy delivery, both Medicare Supplement and Long-Term Care
policies can be returned for a 100% premium refund.—ANSWER--30
Proof of loss on health insurance claims must be submitted to an insurer within ___ days
after the insured's date of loss.—ANSWER--90
What are the levels of coverage as defined by the Affordable Care Act?—ANSWER--Bronze,
Silver, Gold, Platinum
Which of the following provides affordable health insurance coverage to small employers?—
ANSWER--Healthy New York Program
The amount received for a life insurance policy in a life settlement is ___ than the death
benefit.—ANSWER--less
The entire contract provision includes all of the following EXCEPT the—ANSWER--Changes
made by the agent
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
York Laws and Rules Exam
Questions and Answers 100%
PASS
A life insurance agent is required to give a disclosure notice about information practices to
an applicant or proposed insured—ANSWER--prior to or at the time of signing the
application
When an agent is replacing an existing ordinary life insurance policy, the agent must take all
of the following actions EXCEPT—ANSWER--obtain the beneficiary's signature
An example of replacement is—ANSWER--canceling a term life policy to buy a whole life
policy
An insurance agent agrees to pay the first monthly premium for an insurance applicant. This
is called an—ANSWER--offer
An agent who sells an individual life insurance policy in New York MUST deliver to the
policyowner a—ANSWER--Policy Summary and Buyer's Guide
An Outline of ___ is required for long-term care policies and provides a brief description of
the important features of the policy—ANSWER--Coverage
, An agent who is licensed in New York but resident in another state is called a—ANSWER--
nonresident agent
The ____ is responsible for determine the appropriateness of a Medicare Supplement policy
for an applicant—ANSWER--agent
Carol filled out a life insurance application and was given a policy illustration that showed
future premiums being paid out of nonguarenteed values. This illustration MUST disclose
that—ANSWER--she may need to resume premium payments, depending on actual results
Proceeds of the life settlement contract could be subject to the claims of—ANSWER--
Creditors
Within ____ days after policy delivery, both Medicare Supplement and Long-Term Care
policies can be returned for a 100% premium refund.—ANSWER--30
Proof of loss on health insurance claims must be submitted to an insurer within ___ days
after the insured's date of loss.—ANSWER--90
What are the levels of coverage as defined by the Affordable Care Act?—ANSWER--Bronze,
Silver, Gold, Platinum
Which of the following provides affordable health insurance coverage to small employers?—
ANSWER--Healthy New York Program
The amount received for a life insurance policy in a life settlement is ___ than the death
benefit.—ANSWER--less
The entire contract provision includes all of the following EXCEPT the—ANSWER--Changes
made by the agent
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
