Insurance Licensing and
Regulations: NY Small Employers,
Company Examinations, Agent
Appointments, Life Replacement,
Medicare Part D Eligibility Exam
Questions and Answers 100%
PASS
What is the definition of a small employer in New York?—ANSWER--An employer that
employs between 2-50 employees.
How often must the Superintendent examine each admitted insurance company?—
ANSWER--Every 6 years.
What is the agreement called that allows an insurance agent to sell policies for an insurer?—
ANSWER--Appointment.
How is life insurance replacement best defined?—ANSWER--A transaction in which a new
life insurance policy is purchased and an existing life insurance policy is surrendered.
What is required to become eligible for Part D: Prescription Drug coverage?—ANSWER--
Must have Medicare coverage.
Regulations: NY Small Employers,
Company Examinations, Agent
Appointments, Life Replacement,
Medicare Part D Eligibility Exam
Questions and Answers 100%
PASS
What is the definition of a small employer in New York?—ANSWER--An employer that
employs between 2-50 employees.
How often must the Superintendent examine each admitted insurance company?—
ANSWER--Every 6 years.
What is the agreement called that allows an insurance agent to sell policies for an insurer?—
ANSWER--Appointment.
How is life insurance replacement best defined?—ANSWER--A transaction in which a new
life insurance policy is purchased and an existing life insurance policy is surrendered.
What is required to become eligible for Part D: Prescription Drug coverage?—ANSWER--
Must have Medicare coverage.
