NY Series 17-52
Questions and Answers
Graded A+
, How many eligible employees must be included in a contributory health insurance plan?
- CORRECT ANSWERS-50%
A man works for Company A and his wife works for Company B. The spouses are
covered by health plans through their respective companies that also cover the other
spouse. If the husband files a claim, - CORRECT ANSWERS-The insurance through his
company is primary.
What is the period of coverage for events such as death or divorce under COBRA? -
CORRECT ANSWERS-36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides
that she would like to return the policy and receive a refund of premium. Which of the
following is true? - CORRECT ANSWERS-The policyowner will not receive a refund
because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness
improves a month later. To what extent will he receive Presumptive Disability benefits? -
CORRECT ANSWERS-No benefits
For the purpose of insurance, risk is defined as - CORRECT ANSWERS-The
uncertainty or chance of loss.
Which of the following is an example of a producer's fiduciary duty? - CORRECT
ANSWERS-The trust that a client places in the producer in regard to handling
premiums.
Which of the following is NOT true of basic medical expense plans? - CORRECT
ANSWERS-Coverage for catastrophic medical expenses
Which of the following is NOT a feature of a noncancellable policy? - CORRECT
ANSWERS-The insurer may terminate the contract only at renewal for certain
conditions.
What is the best way to change an application? - CORRECT ANSWERS-Start over with
a fresh application
On a major medical insurance policy, the amount that an insured must pay on a claim
before the insurer will pay is known as - CORRECT ANSWERS-Deductible.
Which of the following is correct about a group health insurance policy issued in New
York? - CORRECT ANSWERS-It cannot exclude newborn children from coverage.
Which of the following is NOT a characteristic of a group long-term disability plan? -
CORRECT ANSWERS-The benefit can be up to 50% of one's yearly income.
Questions and Answers
Graded A+
, How many eligible employees must be included in a contributory health insurance plan?
- CORRECT ANSWERS-50%
A man works for Company A and his wife works for Company B. The spouses are
covered by health plans through their respective companies that also cover the other
spouse. If the husband files a claim, - CORRECT ANSWERS-The insurance through his
company is primary.
What is the period of coverage for events such as death or divorce under COBRA? -
CORRECT ANSWERS-36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides
that she would like to return the policy and receive a refund of premium. Which of the
following is true? - CORRECT ANSWERS-The policyowner will not receive a refund
because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness
improves a month later. To what extent will he receive Presumptive Disability benefits? -
CORRECT ANSWERS-No benefits
For the purpose of insurance, risk is defined as - CORRECT ANSWERS-The
uncertainty or chance of loss.
Which of the following is an example of a producer's fiduciary duty? - CORRECT
ANSWERS-The trust that a client places in the producer in regard to handling
premiums.
Which of the following is NOT true of basic medical expense plans? - CORRECT
ANSWERS-Coverage for catastrophic medical expenses
Which of the following is NOT a feature of a noncancellable policy? - CORRECT
ANSWERS-The insurer may terminate the contract only at renewal for certain
conditions.
What is the best way to change an application? - CORRECT ANSWERS-Start over with
a fresh application
On a major medical insurance policy, the amount that an insured must pay on a claim
before the insurer will pay is known as - CORRECT ANSWERS-Deductible.
Which of the following is correct about a group health insurance policy issued in New
York? - CORRECT ANSWERS-It cannot exclude newborn children from coverage.
Which of the following is NOT a characteristic of a group long-term disability plan? -
CORRECT ANSWERS-The benefit can be up to 50% of one's yearly income.
