PSI - NY LIFE, ACCIDENT AND
HEALTH PRACTICE EXAM 17-55,
JUST MY CARDS + 199+ 75 ( TEST)
(LOT) QUESTIONS AND
ANSWERS 2026 - 2027
A life insurance agent is required to give a disclosure notice about
information practices to an applicant or proposed insured.
- After the insured requests a full medical exam
- When the insured requests an attending physicians report
-Prior to or at the time of signing the application
- At time of policy delivery - ANSWERS-Prior to or at the time of
signing the application
Tom the agent replaced a clients insurance policy when it was not int
the clients best interest. Tom could be found guilty of. - ANSWERS-
Twisting
Under which circumstance may a commission be shared between two
agents. - ANSWERS-When they are both licensed in the same line of
business
After a disability policy has been in force for __ years it is considered
incontestable. - ANSWERS-Two
,An agents commission for the sale of medicare supplement policy in
the first year following its effective date cannot exceed ___ of the
commission paid for selling or servicing the policy in the second year.
- ANSWERS-200%
Which of the following is required for an insurer to conduct business
in this state
- Certificate of admission
- Certificate of domestication
- Certificate of authenticity
- Certificate of authority - ANSWERS-Certificate of authority
When a Medicare Supplement insurance policy is being replaced,
who must sign the notice of replacement? - ANSWERS-The agent
and the applicant
After __ years from date of issue an individual health insurance policy
can no longer be cancelled by the insurer for misstatements (except
for fraud) - ANSWERS-two years
Greg had recently been terminated from his job that covered his for
group life insurance. how long does he have to convert his coverage
to an individual policy without needing to prove insurability. -
ANSWERS-31 days
,Employees are required to work at least __ hours per week to become
eligible for a small employer health plan - ANSWERS-20 hours
An insurance consultant is best defined as a - ANSWERS-Agent who
charged fees for advice
The ___ is responsible for determining the appropriateness of a
medicare supplement policy for an applicant. - ANSWERS-Agent.
An agent who sells an individual life insurance policy in Washington
MUST deliver to the policyowner - ANSWERS-Policy Summary and
Buyer's Guide
What happens if the insured discovers that the insured age was
accidentally misstated on an application for an individual life
insurance policy. - ANSWERS-benefits will be calculated according
to how much coverage the premium paid would have purchases for
the correct age
What does SHOP stand for in the SHOP exchange - ANSWERS-
Small business health options program
The free look period in New York for individual health insurance
policies is __days - ANSWERS-10
When replacing a life insurance policy an agent just provide the
applicant with a - ANSWERS-Notice regarding replacement.
, eligible dependents are covered up to age ____ on accident and health
policies under the affordable care act. - ANSWERS-26
As classified by the Affordable Care Act (ACA), a Silver Plan offers -
ANSWERS-70% of coverage
Carol filled out a life insurance application and was given a policy
illustration that showed future premiums being paid out of non
guaranteed values. This illustration Must disclose that - ANSWERS-
She may need to resume premium payments, depending on actual
results.
John the agent made public statements thats falsely portrayed an
insured as insolvent. John would be likely found guilty of -
ANSWERS-Defamation
Which of these is NOT an unfair claims settlement practice
- Providing claim payments to insureds under the guidelines of the
insurance contact
- Refusing to pay claims without conducting a reasonable
investigation
- Compelling insureds to imitate a lawsuit by offering less on
insurance claims
- Failing to acknowledge and act promptly with respect to insurance
claims - ANSWERS-- Providing claim payments to insureds under the
guidelines of the insurance contact
HEALTH PRACTICE EXAM 17-55,
JUST MY CARDS + 199+ 75 ( TEST)
(LOT) QUESTIONS AND
ANSWERS 2026 - 2027
A life insurance agent is required to give a disclosure notice about
information practices to an applicant or proposed insured.
- After the insured requests a full medical exam
- When the insured requests an attending physicians report
-Prior to or at the time of signing the application
- At time of policy delivery - ANSWERS-Prior to or at the time of
signing the application
Tom the agent replaced a clients insurance policy when it was not int
the clients best interest. Tom could be found guilty of. - ANSWERS-
Twisting
Under which circumstance may a commission be shared between two
agents. - ANSWERS-When they are both licensed in the same line of
business
After a disability policy has been in force for __ years it is considered
incontestable. - ANSWERS-Two
,An agents commission for the sale of medicare supplement policy in
the first year following its effective date cannot exceed ___ of the
commission paid for selling or servicing the policy in the second year.
- ANSWERS-200%
Which of the following is required for an insurer to conduct business
in this state
- Certificate of admission
- Certificate of domestication
- Certificate of authenticity
- Certificate of authority - ANSWERS-Certificate of authority
When a Medicare Supplement insurance policy is being replaced,
who must sign the notice of replacement? - ANSWERS-The agent
and the applicant
After __ years from date of issue an individual health insurance policy
can no longer be cancelled by the insurer for misstatements (except
for fraud) - ANSWERS-two years
Greg had recently been terminated from his job that covered his for
group life insurance. how long does he have to convert his coverage
to an individual policy without needing to prove insurability. -
ANSWERS-31 days
,Employees are required to work at least __ hours per week to become
eligible for a small employer health plan - ANSWERS-20 hours
An insurance consultant is best defined as a - ANSWERS-Agent who
charged fees for advice
The ___ is responsible for determining the appropriateness of a
medicare supplement policy for an applicant. - ANSWERS-Agent.
An agent who sells an individual life insurance policy in Washington
MUST deliver to the policyowner - ANSWERS-Policy Summary and
Buyer's Guide
What happens if the insured discovers that the insured age was
accidentally misstated on an application for an individual life
insurance policy. - ANSWERS-benefits will be calculated according
to how much coverage the premium paid would have purchases for
the correct age
What does SHOP stand for in the SHOP exchange - ANSWERS-
Small business health options program
The free look period in New York for individual health insurance
policies is __days - ANSWERS-10
When replacing a life insurance policy an agent just provide the
applicant with a - ANSWERS-Notice regarding replacement.
, eligible dependents are covered up to age ____ on accident and health
policies under the affordable care act. - ANSWERS-26
As classified by the Affordable Care Act (ACA), a Silver Plan offers -
ANSWERS-70% of coverage
Carol filled out a life insurance application and was given a policy
illustration that showed future premiums being paid out of non
guaranteed values. This illustration Must disclose that - ANSWERS-
She may need to resume premium payments, depending on actual
results.
John the agent made public statements thats falsely portrayed an
insured as insolvent. John would be likely found guilty of -
ANSWERS-Defamation
Which of these is NOT an unfair claims settlement practice
- Providing claim payments to insureds under the guidelines of the
insurance contact
- Refusing to pay claims without conducting a reasonable
investigation
- Compelling insureds to imitate a lawsuit by offering less on
insurance claims
- Failing to acknowledge and act promptly with respect to insurance
claims - ANSWERS-- Providing claim payments to insureds under the
guidelines of the insurance contact
