NY STATE INSURANCE LICENSE
PRACTICE LATEST EXAM 2025 WITH
MULTIPLE CHOICE QUESTIONS AND
DETAILED SOLVED SOLUTIONS
ALREADY GRADED A+ AND 100%
GUARANTEE PASS (ORIGINAL COPY!!!!!!)
Which of the following describes coverage for the Medicare Part
B coinsurance?
1. Only a Long-term care policy will cover Medicare Part B
coinsurance
2. A Medicare Supplement optional benefit
3. A Medicare Supplement core benefit
4. Medicare Part B does not require a coinsurance so no
additional coverage is needed - THE CORRECT ANSWER-3. A Medicare
Supplement core benefit
Larry has a Major Medical Expense policy for his family with a
$1,000 per family/per year deductible and an 80/20
coinsurance provision. If Larry's family files four claims of
$400, $800, $100, and $700 in one year, how much will the
insurance company pay?
,1. $500
2. $800
3. $1,000
4. $1,200 - THE CORRECT ANSWER-2. $800
(($400 + $800 + $100 + $700 = $2,000. The insurance
company pays 80% of $1,000 (outstanding balance after
deductible is paid), or $800.))
Long-term care policies issued in New York must provide
benefits for at least
1. 6 months
2. 12 months
3. 18 months
4. 24 months - THE CORRECT ANSWER-2. 12 months
Which of the following types of insurers limits the exposures it
writes to those of its owners?
,1. Restricted insurer
2. Limited insurer
3. Confined insurer
4. Captive insurer - THE CORRECT ANSWER-4. Captive insurer
Notice of information practices must be given to a policyholder
at least
1. every year
2. every two years
3. every three years
4. every four years - THE CORRECT ANSWER-3. Every three years
What is the elimination period of an individual disability
policy?
1. Time period an insured must wait before coverage begins
, 2. Time period a disabled person must wait before benefits are
paid
3. Time period after the policy issue date in which the
provisions are still contestable
4. The point in time when benefits are no longer payable - THE
CORRECT ANSWER-2. Time period a disabled person must wait
before benefits are paid
An individual long-term policy must be renewable
1. To age 65
2. To age 75
3. To age 85
4. For life - THE CORRECT ANSWER-4. For life
When the New York Superintendent of Insurance examines a
licensee's insurance records, the primary purpose is to
determine
1. The licensee's sales volume
2. The solvency of the licensee's personal accounts
PRACTICE LATEST EXAM 2025 WITH
MULTIPLE CHOICE QUESTIONS AND
DETAILED SOLVED SOLUTIONS
ALREADY GRADED A+ AND 100%
GUARANTEE PASS (ORIGINAL COPY!!!!!!)
Which of the following describes coverage for the Medicare Part
B coinsurance?
1. Only a Long-term care policy will cover Medicare Part B
coinsurance
2. A Medicare Supplement optional benefit
3. A Medicare Supplement core benefit
4. Medicare Part B does not require a coinsurance so no
additional coverage is needed - THE CORRECT ANSWER-3. A Medicare
Supplement core benefit
Larry has a Major Medical Expense policy for his family with a
$1,000 per family/per year deductible and an 80/20
coinsurance provision. If Larry's family files four claims of
$400, $800, $100, and $700 in one year, how much will the
insurance company pay?
,1. $500
2. $800
3. $1,000
4. $1,200 - THE CORRECT ANSWER-2. $800
(($400 + $800 + $100 + $700 = $2,000. The insurance
company pays 80% of $1,000 (outstanding balance after
deductible is paid), or $800.))
Long-term care policies issued in New York must provide
benefits for at least
1. 6 months
2. 12 months
3. 18 months
4. 24 months - THE CORRECT ANSWER-2. 12 months
Which of the following types of insurers limits the exposures it
writes to those of its owners?
,1. Restricted insurer
2. Limited insurer
3. Confined insurer
4. Captive insurer - THE CORRECT ANSWER-4. Captive insurer
Notice of information practices must be given to a policyholder
at least
1. every year
2. every two years
3. every three years
4. every four years - THE CORRECT ANSWER-3. Every three years
What is the elimination period of an individual disability
policy?
1. Time period an insured must wait before coverage begins
, 2. Time period a disabled person must wait before benefits are
paid
3. Time period after the policy issue date in which the
provisions are still contestable
4. The point in time when benefits are no longer payable - THE
CORRECT ANSWER-2. Time period a disabled person must wait
before benefits are paid
An individual long-term policy must be renewable
1. To age 65
2. To age 75
3. To age 85
4. For life - THE CORRECT ANSWER-4. For life
When the New York Superintendent of Insurance examines a
licensee's insurance records, the primary purpose is to
determine
1. The licensee's sales volume
2. The solvency of the licensee's personal accounts
