XCEL NY-LIFE & HEALTH EXAM
SIMULATOR 2025/2026 BANK
COMPLETE STUDY GUIDE ACCURATE
REAL EXAM QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE |
EXPERT VERIFIED FOR GUARANTEED
PASS BRAND NEW!!!
A disability elimination period is best described as a -
....ANSWER...time deductible
Which of the following statements regarding the Fair
Credit Reporting Act is TRUE? - ....ANSWER...An
insurer does not need to discuss any credit history
inconsistencies with the applicant
The Fair Credit and Reporting Act's main purpose is to -
....ANSWER...protect consumers with guidelines regarding
credit reporting and distribution
Which of the following would be considered an
underwriting duty of an agent? -
....ANSWER...Completing all applications and collecting
1
,initial premiums
The conversion privilege under a group life plan allows an
employee to convert to a - ....ANSWER...individual plan
upon employment termination
2
,Which of the following annuity payout options makes no
additional payments regardless of when the annuitant
dies? - ....ANSWER...Life only
The policyholder for a group health benefit plan is
considered to be the - ....ANSWER...Employer
Which of the following is NOT an eligible dependent on an
Accident and Health policy? - ....ANSWER...27 year old
married child
Which type of life insurance policy pays the face amount
at the end of the specified period if the insured is still
alive? - ....ANSWER...Endowment policy
Upon meeting company requirements a lapsed life
insurance policy may be reinstated within year(s). -
....ANSWER...3
Continued coverage under COBRA would be provided to
all of the following EXCEPT: - ....ANSWER...a covered
employee who is terminated for gross misconduct
The type of policy where the insurer can send a notice to
3
, the insured that the policy has been cancelled in the
middle of the term is called - ....ANSWER...cancelable
In an employer-sponsored group accident and health plan,
a master contract is issued to the -
....ANSWER...employer
An insurer has a right to screen applicants for HIV in
which of the following ways? - ....ANSWER...Blood test
for HIV
New York Disability Benefit Law provides cash payments
to workers unable to work because of -
....ANSWER...injury or illness that occured on the job.
Which of the following is NOT a duty of the
Superintendent? - ....ANSWER...Establish rates for
insurers
Maria would like an annuity that provides a guaranteed
accumulation or payout. The type of annuity she is
4
SIMULATOR 2025/2026 BANK
COMPLETE STUDY GUIDE ACCURATE
REAL EXAM QUESTIONS TESTING
VERSIONS AND A STUDY GUIDE |
EXPERT VERIFIED FOR GUARANTEED
PASS BRAND NEW!!!
A disability elimination period is best described as a -
....ANSWER...time deductible
Which of the following statements regarding the Fair
Credit Reporting Act is TRUE? - ....ANSWER...An
insurer does not need to discuss any credit history
inconsistencies with the applicant
The Fair Credit and Reporting Act's main purpose is to -
....ANSWER...protect consumers with guidelines regarding
credit reporting and distribution
Which of the following would be considered an
underwriting duty of an agent? -
....ANSWER...Completing all applications and collecting
1
,initial premiums
The conversion privilege under a group life plan allows an
employee to convert to a - ....ANSWER...individual plan
upon employment termination
2
,Which of the following annuity payout options makes no
additional payments regardless of when the annuitant
dies? - ....ANSWER...Life only
The policyholder for a group health benefit plan is
considered to be the - ....ANSWER...Employer
Which of the following is NOT an eligible dependent on an
Accident and Health policy? - ....ANSWER...27 year old
married child
Which type of life insurance policy pays the face amount
at the end of the specified period if the insured is still
alive? - ....ANSWER...Endowment policy
Upon meeting company requirements a lapsed life
insurance policy may be reinstated within year(s). -
....ANSWER...3
Continued coverage under COBRA would be provided to
all of the following EXCEPT: - ....ANSWER...a covered
employee who is terminated for gross misconduct
The type of policy where the insurer can send a notice to
3
, the insured that the policy has been cancelled in the
middle of the term is called - ....ANSWER...cancelable
In an employer-sponsored group accident and health plan,
a master contract is issued to the -
....ANSWER...employer
An insurer has a right to screen applicants for HIV in
which of the following ways? - ....ANSWER...Blood test
for HIV
New York Disability Benefit Law provides cash payments
to workers unable to work because of -
....ANSWER...injury or illness that occured on the job.
Which of the following is NOT a duty of the
Superintendent? - ....ANSWER...Establish rates for
insurers
Maria would like an annuity that provides a guaranteed
accumulation or payout. The type of annuity she is
4
