NYS Insurance Licensing Exam Practice Questions
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1. In a defined contribution plan, The contribution is known and the
benefit is unknown.
2. Under the New York State Disability Benefit Law, 26 weeks
no employee may be entitle to benefits for more
than how many weeks after 52 consecutive cal-
endar weeks or during any one period of disabil-
ity?
3. A small hardware store owner is involved in a Business overhead expense policy
car accident that renders him totally disabled for
half a year. Which type of insurance would help
him pay for expenses of the company during the
time of his disability?
4. A policyowner is reading a statement on the first Limited Policy Notice
page of his health insurance policy, which says
"this is a limited policy." What is the name of this
statement?
5. Which of the following Life Insurance policies Universal life
would be considered interest sensitive?
6. Because of the history of cancer in her family, Dread Disease Policy
Julie purchased a policy that specifically covers
the expense of treating cancer. Her policy would
be classified as what type of policy?
7. Which of the following is correct regarding se- The insured may choose medical
lecting a primary care physician in a PPO plan? providers not found on the pre-
ferred list.
8.
, NYS Insurance Licensing Exam Practice Questions
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Which of the following statements is correct Those who desire Part B coverage
concerning Medicare Part B coverage? must enroll and pay a monthly pre-
mium.
9. How many pints of blood will be paid for by First 3
Medicare Supplement core benefits?
10. Which of the following reports will provide the Consumer report
underwriter with the information about an in-
surance applicant's credit?
11. Which of the following ultimately determines Insurer's guaranteed minimum
the interest rates paid to the owner of a fixed rate of interest
annuity?
12. To comply with the requirements of the Afford- 30 days
able Care Act (ACA), if an insurer rescinds cov-
erage, they must provide the insured advance
notice of at least
13. What type of insurance would be used for a Increasing Term
Return of Premium rider?
14. An insurer receives a report regarding a poten- Inspection Report
tial insured that includes the insured's financial
status, hobbies, and habits. What type of a re-
port is that?
15. How does a member of an HMO see a specialist? The primary care physician refers
the member.
16. When an annuity is written, whose life expectan- Annuitant
cy is taken into account?
, NYS Insurance Licensing Exam Practice Questions
Study online at https://quizlet.com/_eyy0ml
17. Which of the following provisions must be in- Continuation provision
cluded on the first page of a Medicare supple-
ment policy, which states the insurer's right to
change premium amounts?
18. If an employee wants to enter the group out- Require evidence of insurability
side of the open enrollment period, to reduce
adverse selection, the insurer may
19. Who chooses a primary care physician in an The individual member
HMO?
20. Which of the following allows the insurer to re- Payor Benefit
lieve a minor insured from premium payments
if the minor's parents have died or become dis-
abled?
21. When an insurer issues an individual health in- To renew the policy until the in-
surance policy that is guaranteed renewable, sured has reached age 65
the insurer agrees
22. Which of the following individuals must pass a A resident of New York wishing to
written examination to be licensed as a life in- transact business in New York
surance agent?
23. What happens if a deferred annuity is surren- The owner will receive the surren-
dered before the annuitization period? der value of the annuity.
24. The Patient Protection and Affordable Care Act Individual tax deductions for pre-
(PPACA) includes all of the following provisions miums paid
EXCEPT
25. Attending physician
Study online at https://quizlet.com/_eyy0ml
1. In a defined contribution plan, The contribution is known and the
benefit is unknown.
2. Under the New York State Disability Benefit Law, 26 weeks
no employee may be entitle to benefits for more
than how many weeks after 52 consecutive cal-
endar weeks or during any one period of disabil-
ity?
3. A small hardware store owner is involved in a Business overhead expense policy
car accident that renders him totally disabled for
half a year. Which type of insurance would help
him pay for expenses of the company during the
time of his disability?
4. A policyowner is reading a statement on the first Limited Policy Notice
page of his health insurance policy, which says
"this is a limited policy." What is the name of this
statement?
5. Which of the following Life Insurance policies Universal life
would be considered interest sensitive?
6. Because of the history of cancer in her family, Dread Disease Policy
Julie purchased a policy that specifically covers
the expense of treating cancer. Her policy would
be classified as what type of policy?
7. Which of the following is correct regarding se- The insured may choose medical
lecting a primary care physician in a PPO plan? providers not found on the pre-
ferred list.
8.
, NYS Insurance Licensing Exam Practice Questions
Study online at https://quizlet.com/_eyy0ml
Which of the following statements is correct Those who desire Part B coverage
concerning Medicare Part B coverage? must enroll and pay a monthly pre-
mium.
9. How many pints of blood will be paid for by First 3
Medicare Supplement core benefits?
10. Which of the following reports will provide the Consumer report
underwriter with the information about an in-
surance applicant's credit?
11. Which of the following ultimately determines Insurer's guaranteed minimum
the interest rates paid to the owner of a fixed rate of interest
annuity?
12. To comply with the requirements of the Afford- 30 days
able Care Act (ACA), if an insurer rescinds cov-
erage, they must provide the insured advance
notice of at least
13. What type of insurance would be used for a Increasing Term
Return of Premium rider?
14. An insurer receives a report regarding a poten- Inspection Report
tial insured that includes the insured's financial
status, hobbies, and habits. What type of a re-
port is that?
15. How does a member of an HMO see a specialist? The primary care physician refers
the member.
16. When an annuity is written, whose life expectan- Annuitant
cy is taken into account?
, NYS Insurance Licensing Exam Practice Questions
Study online at https://quizlet.com/_eyy0ml
17. Which of the following provisions must be in- Continuation provision
cluded on the first page of a Medicare supple-
ment policy, which states the insurer's right to
change premium amounts?
18. If an employee wants to enter the group out- Require evidence of insurability
side of the open enrollment period, to reduce
adverse selection, the insurer may
19. Who chooses a primary care physician in an The individual member
HMO?
20. Which of the following allows the insurer to re- Payor Benefit
lieve a minor insured from premium payments
if the minor's parents have died or become dis-
abled?
21. When an insurer issues an individual health in- To renew the policy until the in-
surance policy that is guaranteed renewable, sured has reached age 65
the insurer agrees
22. Which of the following individuals must pass a A resident of New York wishing to
written examination to be licensed as a life in- transact business in New York
surance agent?
23. What happens if a deferred annuity is surren- The owner will receive the surren-
dered before the annuitization period? der value of the annuity.
24. The Patient Protection and Affordable Care Act Individual tax deductions for pre-
(PPACA) includes all of the following provisions miums paid
EXCEPT
25. Attending physician
