NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
Which parties are directly involved in a group accident and health
insurance contract?
1. Insurer and employees
2. Insurer, employees, and employer
3. Employer and insurer
4. Employer and employees - ANSWERS-3. Employer and insurer
A temporary producer license may be initially issued for a maximum
period of
1. 30 days
2. 45 days
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PAGE
1
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
3. 60 days
4. 90 days - ANSWERS-4. 90 days
How long must all health plans provide coverage for newborn children?
1. 7 days
2. 14 days
3. 21 days
4. 30 days - ANSWERS-4. 30 days
Typically, states will permit the grouping of two or more small
employers in the same industry for obtaining group health insurance at a
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PAGE
2
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
favorable rate. This grouping of employers is known as a multiple
employer
1. welfare association
2. trust
3. consortium
4. alliance - ANSWERS-2. trust
A Guaranteed Renewable provision allows
1. discrimination of individuals who have an increased loss experience
2. premiums that may not be increased beyond contractual requirements
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PAGE
3
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
3. premiums which can only be increased per rate class
4. cancellation of the policy at the insurer's discretion - ANSWERS-3.
premiums which can only be increased per rate class
In which of the following situations can an insurance company offer
group Health insurance?
1. The sponsoring group is composed of unrelated members
2. The sponsoring group was formed for illegal purposes
3. The sponsoring group provides an employer-employee relationship
4. The sponsoring group was formed to purchase group insurance at
reduced rates - ANSWERS-3. The sponsoring group provides an
employer-employee relationship
END OF
PAGE
4
INSURANCE LICENSE
PRACTICE EXAM
Which parties are directly involved in a group accident and health
insurance contract?
1. Insurer and employees
2. Insurer, employees, and employer
3. Employer and insurer
4. Employer and employees - ANSWERS-3. Employer and insurer
A temporary producer license may be initially issued for a maximum
period of
1. 30 days
2. 45 days
END OF
PAGE
1
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
3. 60 days
4. 90 days - ANSWERS-4. 90 days
How long must all health plans provide coverage for newborn children?
1. 7 days
2. 14 days
3. 21 days
4. 30 days - ANSWERS-4. 30 days
Typically, states will permit the grouping of two or more small
employers in the same industry for obtaining group health insurance at a
END OF
PAGE
2
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
favorable rate. This grouping of employers is known as a multiple
employer
1. welfare association
2. trust
3. consortium
4. alliance - ANSWERS-2. trust
A Guaranteed Renewable provision allows
1. discrimination of individuals who have an increased loss experience
2. premiums that may not be increased beyond contractual requirements
END OF
PAGE
3
, NY STATE LATEST
INSURANCE LICENSE
PRACTICE EXAM
3. premiums which can only be increased per rate class
4. cancellation of the policy at the insurer's discretion - ANSWERS-3.
premiums which can only be increased per rate class
In which of the following situations can an insurance company offer
group Health insurance?
1. The sponsoring group is composed of unrelated members
2. The sponsoring group was formed for illegal purposes
3. The sponsoring group provides an employer-employee relationship
4. The sponsoring group was formed to purchase group insurance at
reduced rates - ANSWERS-3. The sponsoring group provides an
employer-employee relationship
END OF
PAGE
4
