NEW YORK INSURANCE EXAM 2025
QUESTIONS AND ANSWERS
Which of the following methods of providing workers compensation benefits are permitted by
the state of New York? - ANS Qualifying as a self-insurer, purchasing benefits from a private
insurer & Purchasing benefits from the New York workers compensation insurance fund
Under workers compensation, claims for occupational diseases must be filled within ----after
death or disability or within 2 years after the claimant knows or reasonably should have know
that the disease is related to employment? - ANS 2 years
Under New York Workers Compensation an employee is not paid until he or she has been off
from work for seven days. However, the benefits are retroactive after how many days? -
ANS 14 days
The New York Workers Compensation program provides for an income benefit of ----of lost
wages for a disabled worker. - ANS 66 2/3%
Which of the fallowing types of employment are exempt from workers compensation in the
state of New York? - ANS Self employed individuals, domestic workers, volunteer workers
Under a workers compensation policy , if the insurance policy does not comply with New York
State Law how is the claim paid? - ANS Everything is covered as stated by New York law
This fund reimburses employers or insurers for benefits paid to injured employees who had
permanent disabilities before suffering another injury. What is it? - ANS Second Injury Fund
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, Which of the following benefits does social security provide? - ANS Survivor, retirement ,
disability
Social security disability benefits are payable for disabilities expected to last after a waiting
period of? - ANS 5 Months
Not all disabilities are covered by social security benefits, to be covered a disability must be
serious enough to be expected to be fatal or to last at least? - ANS 12 Months
The two basic parts of the medicare program are hospital insurance and? -
ANS Supplementary Medical Insurance
Which of the following statements about supplementary medical insurance ( Part B) of the
Medicare is correct?
I. There is an annual deductible
II. There is a coinsurance feature of 80%-20% of covered changes after a deductible is met. -
ANS Both I. and II.
Of all the benefits provided by Medicare what part is voluntary to be purchased in addition to
benefits provided under Part A: ? - ANS Supplementary Medical
All of the following statements concerning medicare are true except ? - ANS Participation in
part A and B are both mandatory
The medical insurance benefits are provided by the Medicare program have a coinsurance
requirement in addition to a deduction, the benefit recipients are responsible for co-payments
equal to? - ANS 20% of covered expenses approved by Medicare
2 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
QUESTIONS AND ANSWERS
Which of the following methods of providing workers compensation benefits are permitted by
the state of New York? - ANS Qualifying as a self-insurer, purchasing benefits from a private
insurer & Purchasing benefits from the New York workers compensation insurance fund
Under workers compensation, claims for occupational diseases must be filled within ----after
death or disability or within 2 years after the claimant knows or reasonably should have know
that the disease is related to employment? - ANS 2 years
Under New York Workers Compensation an employee is not paid until he or she has been off
from work for seven days. However, the benefits are retroactive after how many days? -
ANS 14 days
The New York Workers Compensation program provides for an income benefit of ----of lost
wages for a disabled worker. - ANS 66 2/3%
Which of the fallowing types of employment are exempt from workers compensation in the
state of New York? - ANS Self employed individuals, domestic workers, volunteer workers
Under a workers compensation policy , if the insurance policy does not comply with New York
State Law how is the claim paid? - ANS Everything is covered as stated by New York law
This fund reimburses employers or insurers for benefits paid to injured employees who had
permanent disabilities before suffering another injury. What is it? - ANS Second Injury Fund
1 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
, Which of the following benefits does social security provide? - ANS Survivor, retirement ,
disability
Social security disability benefits are payable for disabilities expected to last after a waiting
period of? - ANS 5 Months
Not all disabilities are covered by social security benefits, to be covered a disability must be
serious enough to be expected to be fatal or to last at least? - ANS 12 Months
The two basic parts of the medicare program are hospital insurance and? -
ANS Supplementary Medical Insurance
Which of the following statements about supplementary medical insurance ( Part B) of the
Medicare is correct?
I. There is an annual deductible
II. There is a coinsurance feature of 80%-20% of covered changes after a deductible is met. -
ANS Both I. and II.
Of all the benefits provided by Medicare what part is voluntary to be purchased in addition to
benefits provided under Part A: ? - ANS Supplementary Medical
All of the following statements concerning medicare are true except ? - ANS Participation in
part A and B are both mandatory
The medical insurance benefits are provided by the Medicare program have a coinsurance
requirement in addition to a deduction, the benefit recipients are responsible for co-payments
equal to? - ANS 20% of covered expenses approved by Medicare
2 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
