NYS LIFE, ACCIDENT, AND HEALTH
INSURANCE EXAM QUESTIONS AND
ANSWERS GRADED A+ 2025/2026
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? - ANS 30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding coverage? -
ANS 30
A signed good health statement may be requested by a life producer at the time of -
ANS 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 - ANS Not Guaranteeed
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? - ANS 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 - ANS After two years of
disability
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,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) -
ANS Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
ANS Physical exams of group members
What is the grace period required for an individual accident and health insurance policy with
monthly premiums? - ANS 10 days
In regards to technology and the ACA, which of the following statements is correct? -
ANS States which operate with an Exchange must offer an internet-based portal
Insurable interest involves what assumption? - ANS One person benefits from another
person's continued life
Which of these policies is considered a whole life policy? - ANS Single premium life
Which of the following would be considered an unfair claims settlement practice? -
ANS Misrepresenting pertinent policy provisions relating to coverage after a loss
A policyowner is permitted to take out a policy loan on a whole life policy at what point? -
ANS When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process? -
ANS Former residence
New York workers compensation laws exclude benefits for disabilities caused by -
ANS Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the - ANS Insurer
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Scott has a life insurance policy in which the dividends are left with the insurance company. This
particular policy may be paid up when the cash value plus accumulated dividends -
ANS equal the net single premium for the same face amount at the insured's attained age
During open enrollment for Medicare Supplement coverage, an applicant MUST be at least -
ANS There is no minimum age requirement
What happens to the cash value of a market value adjusted annuity if it's surrendered prior to
the end of the stated guarantee period? - ANS Subject to market value adjustment
Which of the following contracts offer deferred taxation, flexible payments, a guaranteed
interest rate, and death benefits equal to the cash value? - ANS Flexible premium fixed
annuity
Tonya has been diagnosed with kidney failure and has group accident and health insurance
through her large employer. Which of these accident and health plans will be primary during the
months following her diagnosis? - ANS Her employer's group accident and health plan
Which statement regarding the certificate of insurance is accurate? - ANS It indicates
evidence of an employee's insurance coverage
According to the ACA, the proportion of premium revenues spent on clinical services and quality
improvements is called the - ANS Medical loss ratio
Which of the following statements regarding the Fair Credit Reporting Act is correct? - ANS If
credit, insurance, or employment was denied because of an unfavorable report, the consumer
must be advised
According to the ACA, insurers can no longer deny health coverage due to pre-exsisting
conditions unless that plan is a - ANS Grandfathered plan
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Which item must be considered by an agent when determining the suitability of an annuity
recommendation? - ANS The client's financial status
An applicant submits a life insurance application where an investigative consumer report is used
in the underwriting process. Which of these statements is true? - ANS Applicant has a right to
receive a copy of the report
If group Health benefit levels are too high, what could be the end result? -
ANS Overutilization of the plan
A life insurance producer licensed in New York is authorized to - ANS Solicit, receive and
forward applications to the insurer
A group-owned insurance company that is formed to assume and spread the liability risks of its
members is known as a - ANS Risk retention group
Any employee insured under a group life insurance plan is normally - ANS Covered with term
life insurance
A life insurance guaranteed insurability rider gives the insured the right, without proving
insurability, to - ANS Periodically purchase additional insurance
A policy owner has decided to replace an existing life insurance policy with a new one. The
existing life policy should be terminated - ANS After the new life policy has been issued and
delivered to the policy owner
Which of the following is NOT a function of accident and health insurance? - ANS Pays a
death benefit as a result of natural causes
What typically changes at the re-entry option date found in some term life policies? -
ANS Premium
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
INSURANCE EXAM QUESTIONS AND
ANSWERS GRADED A+ 2025/2026
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? - ANS 30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding coverage? -
ANS 30
A signed good health statement may be requested by a life producer at the time of -
ANS 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 - ANS Not Guaranteeed
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? - ANS 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 - ANS After two years of
disability
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,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) -
ANS Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
ANS Physical exams of group members
What is the grace period required for an individual accident and health insurance policy with
monthly premiums? - ANS 10 days
In regards to technology and the ACA, which of the following statements is correct? -
ANS States which operate with an Exchange must offer an internet-based portal
Insurable interest involves what assumption? - ANS One person benefits from another
person's continued life
Which of these policies is considered a whole life policy? - ANS Single premium life
Which of the following would be considered an unfair claims settlement practice? -
ANS Misrepresenting pertinent policy provisions relating to coverage after a loss
A policyowner is permitted to take out a policy loan on a whole life policy at what point? -
ANS When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process? -
ANS Former residence
New York workers compensation laws exclude benefits for disabilities caused by -
ANS Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the - ANS Insurer
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Scott has a life insurance policy in which the dividends are left with the insurance company. This
particular policy may be paid up when the cash value plus accumulated dividends -
ANS equal the net single premium for the same face amount at the insured's attained age
During open enrollment for Medicare Supplement coverage, an applicant MUST be at least -
ANS There is no minimum age requirement
What happens to the cash value of a market value adjusted annuity if it's surrendered prior to
the end of the stated guarantee period? - ANS Subject to market value adjustment
Which of the following contracts offer deferred taxation, flexible payments, a guaranteed
interest rate, and death benefits equal to the cash value? - ANS Flexible premium fixed
annuity
Tonya has been diagnosed with kidney failure and has group accident and health insurance
through her large employer. Which of these accident and health plans will be primary during the
months following her diagnosis? - ANS Her employer's group accident and health plan
Which statement regarding the certificate of insurance is accurate? - ANS It indicates
evidence of an employee's insurance coverage
According to the ACA, the proportion of premium revenues spent on clinical services and quality
improvements is called the - ANS Medical loss ratio
Which of the following statements regarding the Fair Credit Reporting Act is correct? - ANS If
credit, insurance, or employment was denied because of an unfavorable report, the consumer
must be advised
According to the ACA, insurers can no longer deny health coverage due to pre-exsisting
conditions unless that plan is a - ANS Grandfathered plan
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Which item must be considered by an agent when determining the suitability of an annuity
recommendation? - ANS The client's financial status
An applicant submits a life insurance application where an investigative consumer report is used
in the underwriting process. Which of these statements is true? - ANS Applicant has a right to
receive a copy of the report
If group Health benefit levels are too high, what could be the end result? -
ANS Overutilization of the plan
A life insurance producer licensed in New York is authorized to - ANS Solicit, receive and
forward applications to the insurer
A group-owned insurance company that is formed to assume and spread the liability risks of its
members is known as a - ANS Risk retention group
Any employee insured under a group life insurance plan is normally - ANS Covered with term
life insurance
A life insurance guaranteed insurability rider gives the insured the right, without proving
insurability, to - ANS Periodically purchase additional insurance
A policy owner has decided to replace an existing life insurance policy with a new one. The
existing life policy should be terminated - ANS After the new life policy has been issued and
delivered to the policy owner
Which of the following is NOT a function of accident and health insurance? - ANS Pays a
death benefit as a result of natural causes
What typically changes at the re-entry option date found in some term life policies? -
ANS Premium
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
