NYS Life, accident, and health insurance Exam 2024/25 Which jjjtype jjjof jjjlife jjjinsurance jjjpolicy jjjis jjjbest jjjsuited jjjfor jjjpaying jjjoff jjjthe jjjoutstanding jjjbalance jjjof jjja jjj30-year jjjmortgage jjjin jjjthe jjjevent jjjof jjjthe jjjinsured's jjjdeath? jjj- jjj jjj30-year jjjdecreasing jjjterm. jjjHow jjjmany jjjdays jjjnotice jjjdoes jjjthe jjjACA jjjrequire jjjinsurers jjjto jjjgive jjjbefore jjjrescinding jjjcoverage? jjj- jjj jjj30 jjjA jjjsigned jjjgood jjjhealth jjjstatement jjjmay jjjbe jjjrequested jjjby jjja jjjlife jjjproducer jjjat jjjthe jjjtime jjjof jjj- jjj jjjPolicy jjjDelivery jjjCarol jjjpurchases jjja jjjwhole jjjlife jjjpolicy jjjthat jjjprovides jjja jjjchoice jjjof jjjdividend jjjoptions. jjjThis jjjpolicy jjjis jjjrequired jjjto jjjinclude jjja jjjstatement jjjthat jjjthe jjjdividends jjjare jjj- jjj jjjNot jjjGuaranteeed jjjTim jjjis jjjconfined jjjto jjja jjjnursing jjjhome jjjbut jjjdoesn't jjjhave jjja jjjterminal jjjillness. jjjWhich jjjlife jjjinsurance jjjrider jjjis jjjdesigned jjjto jjjhelp jjjpay jjjfor jjjthis jjjtype jjjof jjjexpense? jjj- jjj jjjLong -term jjjcare jjjbenefit jjjrider jjjAn jjjinsured jjjis jjjcovered jjjunder jjja jjjgroup jjjlong-term jjjdisability jjjpolicy. jjjUnder jjjthis jjjtype jjjof jjjpolicy, jjjthe jjjdefinition jjjof jjjdisability jjjbased jjjon jjjany jjjoccupation jjjtypically jjjapplies jjj- jjj jjjAfter jjjtwo jjjyears jjjof jjjdisability jjjSylvia jjjpurchased jjjan jjjannuity jjjfor jjj$100,000 jjjfrom jjjthe jjjproceeds jjjof jjjan jjjinheritance. jjjNo jjjfurther jjjpayments jjjare jjjpermitted jjjand jjjthe jjjincome jjjstream jjjbegins jjjin jjj15 jjjyears. jjjThis jjjcontract jjjis jjja(n) jjj- jjj jjjSingle jjjpremium jjjdeferred jjjannuity jjjWhich jjjof jjjthese jjjis jjjNOT jjja jjjfactor jjjthat jjjinfluences jjjgroup jjjhealth jjjinsurance jjjunderwriting? jjj- jjj jjjPhysical jjjexams jjjof jjjgroup jjjmembers jjjWhat jjjis jjjthe jjjgrace jjjperiod jjjrequired jjjfor jjjan jjjindividual jjjaccident jjjand jjjhealth jjjinsurance jjjpolicy jjjwith jjjmonthly jjjpremiums? jjj- jjj jjj10 jjjdays jjjIn jjjregards jjjto jjjtechnology jjjand jjjthe jjjACA, jjjwhich jjjof jjjthe jjjfollowing jjjstatements jjjis jjjcorrect? jjj- jjj jjjStates jjjwhich jjjoperate jjjwith jjjan jjjExchange jjjmust jjjoffer jjjan jjjinternet -based jjjportal jjjInsurable jjjinterest jjjinvolves jjjwhat jjjassumption? jjj- jjj jjjOne jjjperson jjjbenefits jjjfrom jjjanother jjjperson's jjjcontinued jjjlife jjjWhich jjjof jjjthese jjjpolicies jjjis jjjconsidered jjja jjjwhole jjjlife jjjpolicy? jjj- jjj jjjSingle jjjpremium jjjlife jjjWhich jjjof jjjthe jjjfollowing jjjwould jjjbe jjjconsidered jjjan jjjunfair jjjclaims jjjsettlement jjjpractice? jjj- jjj jjjMisrepresenting jjjpertinent jjjpolicy jjjprovisions jjjrelating jjjto jjjcoverage jjjafter jjja jjjloss jjjA jjjpolicyowner jjjis jjjpermitted jjjto jjjtake jjjout jjja jjjpolicy jjjloan jjjon jjja jjjwhole jjjlife jjjpolicy jjjat jjjwhat jjjpoint? jjj- jjj jjjWhen jjjthe jjjpolicy jjjhas jjja jjjcash jjjvalue jjjWhich jjjof jjjthese jjjis jjjNOT jjja jjjfactor jjjduring jjjthe jjjhealth jjjinsurance jjjunderwriting jjjprocess? jjj- jjj jjjFormer jjjresidence jjjNew jjjYork jjjworkers jjjcompensation jjjlaws jjjexclude jjjbenefits jjjfor jjjdisabilities jjjcaused jjjby jjj- jjj jjjIntentional, jjjself-inflicted jjjinjuries jjjoccurring jjjon jjjthe jjjjob jjjWhen jjjpremiums jjjare jjjdetermined, jjjone jjjfactor jjjwould jjjbe jjjthe jjjexpenses jjjof jjjthe jjj- jjj jjjInsurer jjjScott jjjhas jjja jjjlife jjjinsurance jjjpolicy jjjin jjjwhich jjjthe jjjdividends jjjare jjjleft jjjwith jjjthe jjjinsurance jjjcompany. jjjThis jjjparticular jjjpolicy jjjmay jjjbe jjjpaid jjjup jjjwhen jjjthe jjjcash jjjvalue jjjplus jjjaccumulated jjjdividends jjj- jjj jjjequal jjjthe jjjnet jjjsingle jjjpremium jjjfor jjjthe jjjsame jjjface jjjamount jjjat jjjthe jjjinsured's jjjattained jjjage jjjDuring jjjopen jjjenrollment jjjfor jjjMedicare jjjSupplement jjjcoverage, jjjan jjjapplicant jjjMUST jjjbe jjjat jjjleast jjj- jjj jjjThere jjjis jjjno jjjminimum jjjage jjjrequirement jjjWhat jjjhappens jjjto jjjthe jjjcash jjjvalue jjjof jjja jjjmarket jjjvalue jjjadjusted jjjannuity jjjif jjjit's jjjsurrendered jjjprior jjjto jjjthe jjjend jjjof jjjthe jjjstated jjjguarantee jjjperiod? jjj- jjj jjjSubject jjjto jjjmarket jjjvalue jjjadjustment jjjWhich jjjof jjjthe jjjfollowing jjjcontracts jjjoffer jjjdeferred jjjtaxation, jjjflexible jjjpayments, jjja jjjguaranteed jjjinterest jjjrate, jjjand jjjdeath jjjbenefits jjjequal jjjto jjjthe jjjcash jjjvalue? jjj- jjj jjjFlexible jjjpremium jjjfixed jjjannuity jjjTonya jjjhas jjjbeen jjjdiagnosed jjjwith jjjkidney jjjfailure jjjand jjjhas jjjgroup jjjaccident jjjand jjjhealth jjjinsurance jjjthrough jjjher jjjlarge jjjemployer. jjjWhich jjjof jjjthese jjjaccident jjjand jjjhealth jjjplans jjjwill jjjbe jjjprimary jjjduring jjjthe jjjmonths jjjfollowing jjjher jjjdiagnosis? jjj- jjj jjjHer jjjemployer's jjjgroup jjjaccident jjjand jjjhealth jjjplan jjjWhich jjjstatement jjjregarding jjjthe jjjcertificate jjjof jjjinsurance jjjis jjjaccurate? jjj- jjj jjjIt jjjindicates jjjevidence jjjof jjjan jjjemployee's jjjinsurance jjjcoverage jjjAccording jjjto jjjthe jjjACA, jjjthe jjjproportion jjjof jjjpremium jjjrevenues jjjspent jjjon jjjclinical jjjservices jjjand jjjquality jjjimprovements jjjis jjjcalled jjjthe jjj- jjj jjjMedical jjjloss jjjratio jjjWhich jjjof jjjthe jjjfollowing jjjstatements jjjregarding jjjthe jjjFair jjjCredit jjjReporting jjjAct jjjis jjjcorrect? jjj- jjj jjjIf jjjcredit, jjjinsurance, jjjor jjjemployment jjjwas jjjdenied jjjbecause jjjof jjjan jjjunfavorable jjjreport, jjjthe jjjconsumer jjjmust jjjbe jjjadvised jjjAccording jjjto jjjthe jjjACA, jjjinsurers jjjcan jjjno jjjlonger jjjdeny jjjhealth jjjcoverage jjjdue jjjto jjjpre-
exsisting jjjconditions jjjunless jjjthat jjjplan jjjis jjja jjj- jjj jjjGrandfathered jjjplan jjjWhich jjjitem jjjmust jjjbe jjjconsidered jjjby jjjan jjjagent jjjwhen jjjdetermining jjjthe jjjsuitability jjjof jjjan jjjannuity jjjrecommendation? jjj- jjj jjjThe jjjclient's jjjfinancial jjjstatus jjjAn jjjapplicant jjjsubmits jjja jjjlife jjjinsurance jjjapplication jjjwhere jjjan jjjinvestigative jjjconsumer jjjreport jjjis jjjused jjjin jjjthe jjjunderwriting jjjprocess. jjjWhich jjjof jjjthese jjjstatements jjjis jjjtrue? jjj- jjj jjjApplicant jjjhas jjja jjjright jjjto jjjreceive jjja jjjcopy jjjof jjjthe jjjreport jjjIf jjjgroup jjjHealth jjjbenefit jjjlevels jjjare jjjtoo jjjhigh, jjjwhat jjjcould jjjbe jjjthe jjjend jjjresult? jjj- jjj jjjOverutilization jjjof jjjthe jjjplan jjjA jjjlife jjjinsurance jjjproducer jjjlicensed jjjin jjjNew jjjYork jjjis jjjauthorized jjjto jjj- jjj jjjSolicit, jjjreceive jjjand jjjforward jjjapplications jjjto jjjthe jjjinsurer jjjA jjjgroup -owned jjjinsurance jjjcompany jjjthat jjjis jjjformed jjjto jjjassume jjjand jjjspread jjjthe jjjliability jjjrisks jjjof jjjits jjjmembers jjjis jjjknown jjjas jjja jjj- jjj jjjRisk jjjretention jjjgroup jjjAny jjjemployee jjjinsured jjjunder jjja jjjgroup jjjlife jjjinsurance jjjplan jjjis jjjnormally jjj- jjj jjjCovered jjjwith jjjterm jjjlife jjjinsurance jjjA jjjlife jjjinsurance jjjguaranteed jjjinsurability jjjrider jjjgives jjjthe jjjinsured jjjthe jjjright, jjjwithout jjjproving jjjinsurability, jjjto jjj- jjj jjjPeriodically jjjpurchase jjjadditional jjjinsurance jjjA jjjpolicy jjjowner jjjhas jjjdecided jjjto jjjreplace jjjan jjjexisting jjjlife jjjinsurance jjjpolicy jjjwith jjja jjjnew jjjone. jjjThe jjjexisting jjjlife jjjpolicy jjjshould jjjbe jjjterminated jjj- jjj jjjAfter jjjthe jjjnew jjjlife jjjpolicy jjjhas jjjbeen jjjissued jjjand jjjdelivered jjjto jjjthe jjjpolicy jjjowner jjjWhich jjjof jjjthe jjjfollowing jjjis jjjNOT jjja jjjfunction jjjof jjjaccident jjjand jjjhealth jjjinsurance? jjj- jjj jjjPays jjja jjjdeath jjjbenefit jjjas jjja jjjresult jjjof jjjnatural jjjcauses jjjWhat jjjtypically jjjchanges jjjat jjjthe jjjre-entry jjjoption jjjdate jjjfound jjjin jjjsome jjjterm jjjlife jjjpolicies? jjj- jjj jjjPremium jjjWhen jjjan jjjillustration jjjis jjjused jjjin jjjthe jjjsale jjjof jjja jjjlife jjjinsurance jjjpolicy, jjjthe jjjillustration jjjMUST jjjcontain jjja jjjstatement jjjsigned jjjby jjjthe jjj- jjj jjjAgent jjjAndy jjjis jjjin jjjneed jjjof jjjhealth jjjcare jjjperformed jjjby jjjskilled jjjmedical jjjpractitioners, jjjbut jjjonly jjjon jjjan jjjintermittent jjjbasis. jjjWhat jjjlevel jjjof jjjcare jjjwill jjjhis jjjdoctor jjjlikely jjjprescribe? jjj- jjj jjjIntermediate jjjcare jjjAn jjjindividual jjjmay jjjreceive jjjMedicare jjjPart jjjA jjjHospital jjjbenefits, jjjregardless jjjof jjjage, jjjas jjjlong jjjas jjjthe jjjperson jjjhas jjjreceived jjjwhich jjjof jjjthe jjjfollowing jjjbenefits jjjfor jjjat jjjleast jjj24 jjjmonths? jjj- jjj jjjSocial jjjSecurity jjjDisability jjjField jjjunderwriting jjjby jjja jjjproducer jjj- jjj jjjmay jjjresult jjjin jjjthe jjjdisclosure jjjof jjjhazardous jjjactivities jjjof jjjthe jjjapplicant jjjEmergency jjjhealth jjjcare jjjcoverage jjjfor jjjMedicare jjjenrollees jjjtraveling jjjabroad jjjis jjj- jjj jjjA jjjMedicare jjjSupplement jjjadditional jjjbenefit jjjWhich jjjof jjjthe jjjfollowing jjjstatements jjjis jjjtrue jjjregarding jjjaccident jjjand jjjhealth jjjinsurance jjjclaims jjjthat jjjreimburse jjjon jjjan jjjindemnity jjjbasis? jjj- jjj jjjClaims jjjcan jjjbe jjjsent jjjdirectly jjjto jjjthe jjjinsured jjjWho jjjmay jjjterminate jjjcoverage jjjunder jjja jjjcancelable jjjhealth jjjinsurance jjjpolicy? jjj- jjj jjjEither jjjthe jjjinsured jjjor jjjthe jjjinsurer jjjWhat jjjis jjjthe jjjactuarial jjjvalue jjjof jjja jjjbronze jjjlevel jjjhealth jjjplan? jjj- jjj jjj60
exsisting jjjconditions jjjunless jjjthat jjjplan jjjis jjja jjj- jjj jjjGrandfathered jjjplan jjjWhich jjjitem jjjmust jjjbe jjjconsidered jjjby jjjan jjjagent jjjwhen jjjdetermining jjjthe jjjsuitability jjjof jjjan jjjannuity jjjrecommendation? jjj- jjj jjjThe jjjclient's jjjfinancial jjjstatus jjjAn jjjapplicant jjjsubmits jjja jjjlife jjjinsurance jjjapplication jjjwhere jjjan jjjinvestigative jjjconsumer jjjreport jjjis jjjused jjjin jjjthe jjjunderwriting jjjprocess. jjjWhich jjjof jjjthese jjjstatements jjjis jjjtrue? jjj- jjj jjjApplicant jjjhas jjja jjjright jjjto jjjreceive jjja jjjcopy jjjof jjjthe jjjreport jjjIf jjjgroup jjjHealth jjjbenefit jjjlevels jjjare jjjtoo jjjhigh, jjjwhat jjjcould jjjbe jjjthe jjjend jjjresult? jjj- jjj jjjOverutilization jjjof jjjthe jjjplan jjjA jjjlife jjjinsurance jjjproducer jjjlicensed jjjin jjjNew jjjYork jjjis jjjauthorized jjjto jjj- jjj jjjSolicit, jjjreceive jjjand jjjforward jjjapplications jjjto jjjthe jjjinsurer jjjA jjjgroup -owned jjjinsurance jjjcompany jjjthat jjjis jjjformed jjjto jjjassume jjjand jjjspread jjjthe jjjliability jjjrisks jjjof jjjits jjjmembers jjjis jjjknown jjjas jjja jjj- jjj jjjRisk jjjretention jjjgroup jjjAny jjjemployee jjjinsured jjjunder jjja jjjgroup jjjlife jjjinsurance jjjplan jjjis jjjnormally jjj- jjj jjjCovered jjjwith jjjterm jjjlife jjjinsurance jjjA jjjlife jjjinsurance jjjguaranteed jjjinsurability jjjrider jjjgives jjjthe jjjinsured jjjthe jjjright, jjjwithout jjjproving jjjinsurability, jjjto jjj- jjj jjjPeriodically jjjpurchase jjjadditional jjjinsurance jjjA jjjpolicy jjjowner jjjhas jjjdecided jjjto jjjreplace jjjan jjjexisting jjjlife jjjinsurance jjjpolicy jjjwith jjja jjjnew jjjone. jjjThe jjjexisting jjjlife jjjpolicy jjjshould jjjbe jjjterminated jjj- jjj jjjAfter jjjthe jjjnew jjjlife jjjpolicy jjjhas jjjbeen jjjissued jjjand jjjdelivered jjjto jjjthe jjjpolicy jjjowner jjjWhich jjjof jjjthe jjjfollowing jjjis jjjNOT jjja jjjfunction jjjof jjjaccident jjjand jjjhealth jjjinsurance? jjj- jjj jjjPays jjja jjjdeath jjjbenefit jjjas jjja jjjresult jjjof jjjnatural jjjcauses jjjWhat jjjtypically jjjchanges jjjat jjjthe jjjre-entry jjjoption jjjdate jjjfound jjjin jjjsome jjjterm jjjlife jjjpolicies? jjj- jjj jjjPremium jjjWhen jjjan jjjillustration jjjis jjjused jjjin jjjthe jjjsale jjjof jjja jjjlife jjjinsurance jjjpolicy, jjjthe jjjillustration jjjMUST jjjcontain jjja jjjstatement jjjsigned jjjby jjjthe jjj- jjj jjjAgent jjjAndy jjjis jjjin jjjneed jjjof jjjhealth jjjcare jjjperformed jjjby jjjskilled jjjmedical jjjpractitioners, jjjbut jjjonly jjjon jjjan jjjintermittent jjjbasis. jjjWhat jjjlevel jjjof jjjcare jjjwill jjjhis jjjdoctor jjjlikely jjjprescribe? jjj- jjj jjjIntermediate jjjcare jjjAn jjjindividual jjjmay jjjreceive jjjMedicare jjjPart jjjA jjjHospital jjjbenefits, jjjregardless jjjof jjjage, jjjas jjjlong jjjas jjjthe jjjperson jjjhas jjjreceived jjjwhich jjjof jjjthe jjjfollowing jjjbenefits jjjfor jjjat jjjleast jjj24 jjjmonths? jjj- jjj jjjSocial jjjSecurity jjjDisability jjjField jjjunderwriting jjjby jjja jjjproducer jjj- jjj jjjmay jjjresult jjjin jjjthe jjjdisclosure jjjof jjjhazardous jjjactivities jjjof jjjthe jjjapplicant jjjEmergency jjjhealth jjjcare jjjcoverage jjjfor jjjMedicare jjjenrollees jjjtraveling jjjabroad jjjis jjj- jjj jjjA jjjMedicare jjjSupplement jjjadditional jjjbenefit jjjWhich jjjof jjjthe jjjfollowing jjjstatements jjjis jjjtrue jjjregarding jjjaccident jjjand jjjhealth jjjinsurance jjjclaims jjjthat jjjreimburse jjjon jjjan jjjindemnity jjjbasis? jjj- jjj jjjClaims jjjcan jjjbe jjjsent jjjdirectly jjjto jjjthe jjjinsured jjjWho jjjmay jjjterminate jjjcoverage jjjunder jjja jjjcancelable jjjhealth jjjinsurance jjjpolicy? jjj- jjj jjjEither jjjthe jjjinsured jjjor jjjthe jjjinsurer jjjWhat jjjis jjjthe jjjactuarial jjjvalue jjjof jjja jjjbronze jjjlevel jjjhealth jjjplan? jjj- jjj jjj60
