NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
In the event of premium default, which life insurance provision will use the cash value to keep
the policy in force? - CORRECT ANSWERS Automatic premium loan
The Superintendent has the ability to examine the business records of insurers and agencies
because - CORRECT ANSWERS Of the powers granted through state statues
John the agent made public statements that falsely portrayed an insurer as insolvent. John
would be likely found guilty of - CORRECT ANSWERS Defamation
Respite Care coverage is typically found in a(n) - CORRECT ANSWERS long term care
policy
The Superintendent may not revoke an insurance producer's license unless - CORRECT
ANSWERS The producer has been properly noticed and given opportunity for a hearing
Medicare Supplement Insurance requires an individual to be at least how old for open
enrollment? - CORRECT ANSWERS No minimum age
When a large sum of money is used to structure monthly payments, which product is typically
used? - CORRECT ANSWERS An immediate annuity
A health insurer MUST provide a proof of loss form - CORRECT ANSWERS within 15
days of receipt of the notice of loss
If a benefit plan is offered on an Exchange, what must the insurance company offer, with regard
to that plan, outside of the Exchange? - CORRECT ANSWERS The insurance company
must offer the same plan
,NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
When group benefits under COBRA have expired, a fully insured group policy can be converted
to a(n) - CORRECT ANSWERS Individual health policy
What is another term used for a "pure" life annuity? - CORRECT ANSWERS Life income
Which term refers to insurance written on the interests of the licensee, the licensee's employer,
or the licensee's immediate family? - CORRECT ANSWERS Controlled business
Prepaid dental plans differ from most other types of dental plans in what way? - CORRECT
ANSWERS Closed panel of dentists can only be used
Disability income policies provide protection for which of the following? - CORRECT
ANSWERS Economic death
When must a producer provide disclosure about information practices to an applicant? -
CORRECT ANSWERS Prior to or at the time of signing the application
Mike applied for life insurance and was issued a conditional receipt. He is later found to be
insurable and is issued a policy. When does his coverage become effective? - CORRECT
ANSWERS Date of issuance of the conditional receipt
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? -
CORRECT ANSWERS Reimbursement
,NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
Pointing out to a prospective client that the life insurance policy you are presenting is covered
by the New York Life and Health Insurance Guaranty Association is - CORRECT ANSWERS
Prohibited by law
Which of these situations would NOT potentially involve a prison sentence under Federal law? -
CORRECT ANSWERS Selling insurance with a nonresident license
Ken is age 65 and has 2 years until he receives Social Security retirement income benefits. At his
current age, which is true about Medicare Part A Hospital Insurance coverage? - CORRECT
ANSWERS It is available through application to Social Security
The Superintendent has the power to compel any agent to produce business documents
relevant to an inquiry upon - CORRECT ANSWERS Request of the Superintendent
Joe is a life insurance policyowner who has failed to pay interest on his policy loan. What will
result from this nonpayment? - CORRECT ANSWERS Loan amount is increased to
reflect the amount of interest due
Individuals seeking Social Security disability income benefits must have a disability that will
eventually lead to death, or be expected to last at least - CORRECT ANSWERS 12
months
The owner's cost basis for a non-qualified deferred annuity is typically the same as the -
CORRECT ANSWERS Total premiums paid
Why were Exchanges implemented by the Affordable Care Act (ACA)? - CORRECT
ANSWERS To create a one-stop market for standardized health insurance plans
, NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
Which of these is NOT an underwriting responsibility of a life insurance agent? - CORRECT
ANSWERS Determining the final rate classification
Dan owns a disability income insurance policy which provides ONLY nonoccupational coverage.
Which of the following circumstances would likely NOT be covered under his plan? -
CORRECT ANSWERS He falls and breaks his hip at work
Which of these is NOT a common life insurance nonforfeiture option? - CORRECT
ANSWERS Life income annuity
An employer pays the accident and health insurance premiums for its employees. The
premiums paid by the employer are - CORRECT ANSWERS Deductible to the business
An appointed producer's implied authority is derived from - CORRECT ANSWERS
Express authority
Individuals covered with employer-paid group health plans will normally receive tax-free
benefits under all of these plans EXCEPT - CORRECT ANSWERS Disability income
Unless it is regarding fraud, which of the following statements about the contestability of a life
insurance policy is true? - CORRECT ANSWERS The policy can usually only be contested
by the insurer during the first two years of the contract
If an insured dies during the grace period without having paid the premium, how much will the
insurer pay? - CORRECT ANSWERS Policy's face amount minus any premiums due
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
In the event of premium default, which life insurance provision will use the cash value to keep
the policy in force? - CORRECT ANSWERS Automatic premium loan
The Superintendent has the ability to examine the business records of insurers and agencies
because - CORRECT ANSWERS Of the powers granted through state statues
John the agent made public statements that falsely portrayed an insurer as insolvent. John
would be likely found guilty of - CORRECT ANSWERS Defamation
Respite Care coverage is typically found in a(n) - CORRECT ANSWERS long term care
policy
The Superintendent may not revoke an insurance producer's license unless - CORRECT
ANSWERS The producer has been properly noticed and given opportunity for a hearing
Medicare Supplement Insurance requires an individual to be at least how old for open
enrollment? - CORRECT ANSWERS No minimum age
When a large sum of money is used to structure monthly payments, which product is typically
used? - CORRECT ANSWERS An immediate annuity
A health insurer MUST provide a proof of loss form - CORRECT ANSWERS within 15
days of receipt of the notice of loss
If a benefit plan is offered on an Exchange, what must the insurance company offer, with regard
to that plan, outside of the Exchange? - CORRECT ANSWERS The insurance company
must offer the same plan
,NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
When group benefits under COBRA have expired, a fully insured group policy can be converted
to a(n) - CORRECT ANSWERS Individual health policy
What is another term used for a "pure" life annuity? - CORRECT ANSWERS Life income
Which term refers to insurance written on the interests of the licensee, the licensee's employer,
or the licensee's immediate family? - CORRECT ANSWERS Controlled business
Prepaid dental plans differ from most other types of dental plans in what way? - CORRECT
ANSWERS Closed panel of dentists can only be used
Disability income policies provide protection for which of the following? - CORRECT
ANSWERS Economic death
When must a producer provide disclosure about information practices to an applicant? -
CORRECT ANSWERS Prior to or at the time of signing the application
Mike applied for life insurance and was issued a conditional receipt. He is later found to be
insurable and is issued a policy. When does his coverage become effective? - CORRECT
ANSWERS Date of issuance of the conditional receipt
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? -
CORRECT ANSWERS Reimbursement
,NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
Pointing out to a prospective client that the life insurance policy you are presenting is covered
by the New York Life and Health Insurance Guaranty Association is - CORRECT ANSWERS
Prohibited by law
Which of these situations would NOT potentially involve a prison sentence under Federal law? -
CORRECT ANSWERS Selling insurance with a nonresident license
Ken is age 65 and has 2 years until he receives Social Security retirement income benefits. At his
current age, which is true about Medicare Part A Hospital Insurance coverage? - CORRECT
ANSWERS It is available through application to Social Security
The Superintendent has the power to compel any agent to produce business documents
relevant to an inquiry upon - CORRECT ANSWERS Request of the Superintendent
Joe is a life insurance policyowner who has failed to pay interest on his policy loan. What will
result from this nonpayment? - CORRECT ANSWERS Loan amount is increased to
reflect the amount of interest due
Individuals seeking Social Security disability income benefits must have a disability that will
eventually lead to death, or be expected to last at least - CORRECT ANSWERS 12
months
The owner's cost basis for a non-qualified deferred annuity is typically the same as the -
CORRECT ANSWERS Total premiums paid
Why were Exchanges implemented by the Affordable Care Act (ACA)? - CORRECT
ANSWERS To create a one-stop market for standardized health insurance plans
, NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS LATEST DOWNLOADED 2025/2026
A COMPLETE SOLUTION ALL ANSWERS 100% CORRECT
DETAILED BEST GRADED A+ FOR SUCCESS
Which of these is NOT an underwriting responsibility of a life insurance agent? - CORRECT
ANSWERS Determining the final rate classification
Dan owns a disability income insurance policy which provides ONLY nonoccupational coverage.
Which of the following circumstances would likely NOT be covered under his plan? -
CORRECT ANSWERS He falls and breaks his hip at work
Which of these is NOT a common life insurance nonforfeiture option? - CORRECT
ANSWERS Life income annuity
An employer pays the accident and health insurance premiums for its employees. The
premiums paid by the employer are - CORRECT ANSWERS Deductible to the business
An appointed producer's implied authority is derived from - CORRECT ANSWERS
Express authority
Individuals covered with employer-paid group health plans will normally receive tax-free
benefits under all of these plans EXCEPT - CORRECT ANSWERS Disability income
Unless it is regarding fraud, which of the following statements about the contestability of a life
insurance policy is true? - CORRECT ANSWERS The policy can usually only be contested
by the insurer during the first two years of the contract
If an insured dies during the grace period without having paid the premium, how much will the
insurer pay? - CORRECT ANSWERS Policy's face amount minus any premiums due
