NY SERIES 17-52 ACTUAL EXAM QUESTIONS AND ANSWERS

How many eligible employees must be included in a contributory health insurance plan? - 50% 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, - The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COBRA? - 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? - 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? - No benefits For the purpose of insurance, risk is defined as - The uncertainty or chance of loss. Which of the following is an example of a producer's fiduciary duty? - 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? - Coverage for catastrophic medical expenses