Page 1 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
NYS Life, accident, and health insurance
Exam
Which type of life insurance policy is best suited for paying off the outstanding
balance of a 30-year mortgage in the event of the insured's death?
30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding
coverage?
30
A signed good health statement may be requested by a life producer at the time
of
Policy Delivery
Carol purchases a whole life policy that provides a choice of dividend options. This
policy is required to include a statement that the dividends are
Not Guaranteeed
pg. 1
1 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
,Page 2 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
Tim is confined to a nursing home but doesn't have a terminal illness. Which life
insurance rider is designed to help pay for this type of expense?
Long-term care benefit rider
An insured is covered under a group long-term disability policy. Under this type of
policy, the definition of disability based on any occupation typically applies
After two years of disability
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No
further payments are permitted and the income stream begins in 15 years. This
contract is a(n)
Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance
underwriting?
Physical exams of group members
pg. 2
2 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
,Page 3 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
What is the grace period required for an individual accident and health insurance
policy with monthly premiums?
10 days
In regards to technology and the ACA, which of the following statements is
correct?
States which operate with an Exchange must offer an internet-based portal
Insurable interest involves what assumption?
One person benefits from another person's continued life
Which of these policies is considered a whole life policy?
Single premium life
Which of the following would be considered an unfair claims settlement practice?
Misrepresenting pertinent policy provisions relating to coverage after a loss
pg. 3
3 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
, Page 4 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
A policyowner is permitted to take out a policy loan on a whole life policy at what
point?
When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process?
Former residence
New York workers compensation laws exclude benefits for disabilities caused by
Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the
Insurer
pg. 4
4 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
NYS Life, accident, and health insurance
Exam
Which type of life insurance policy is best suited for paying off the outstanding
balance of a 30-year mortgage in the event of the insured's death?
30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding
coverage?
30
A signed good health statement may be requested by a life producer at the time
of
Policy Delivery
Carol purchases a whole life policy that provides a choice of dividend options. This
policy is required to include a statement that the dividends are
Not Guaranteeed
pg. 1
1 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
,Page 2 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
Tim is confined to a nursing home but doesn't have a terminal illness. Which life
insurance rider is designed to help pay for this type of expense?
Long-term care benefit rider
An insured is covered under a group long-term disability policy. Under this type of
policy, the definition of disability based on any occupation typically applies
After two years of disability
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No
further payments are permitted and the income stream begins in 15 years. This
contract is a(n)
Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance
underwriting?
Physical exams of group members
pg. 2
2 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
,Page 3 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
What is the grace period required for an individual accident and health insurance
policy with monthly premiums?
10 days
In regards to technology and the ACA, which of the following statements is
correct?
States which operate with an Exchange must offer an internet-based portal
Insurable interest involves what assumption?
One person benefits from another person's continued life
Which of these policies is considered a whole life policy?
Single premium life
Which of the following would be considered an unfair claims settlement practice?
Misrepresenting pertinent policy provisions relating to coverage after a loss
pg. 3
3 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
, Page 4 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam
A policyowner is permitted to take out a policy loan on a whole life policy at what
point?
When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process?
Former residence
New York workers compensation laws exclude benefits for disabilities caused by
Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the
Insurer
pg. 4
4 NYS Life, accident, and health insurance Exam NYS Life, accident, and health insurance Exam.pdf
