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NYS Life, Accident And Health Insurance Agent Exam Questions 2022/2023 | Consisting Of 385 Questions With Verified Answers From Experts$12.49
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accident and health insurance agent exam questions 20222023 | consisting of 385 questions with verified answers from experts
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NYS Life, Accident And Health Insurance Exam Questions And Answers
2022/2023
1. 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?: Answer- 30-year decreasing term.
2. How many days notice does the ACA require insurers to give
before rescinding coverage?: 30
3. A signed good health statement may be requested by a life producer at
the time of: Answer- Policy Delivery
4. 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: Answer- Not Guaranteeed
5. 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?-
: Answer- Long-term care benefit rider
6. 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: Answer- After two years of disability
7. Sylvia purchased an annuity for $100,000 from the proceeds of an
inheri- tance. No further payments are permitted and the income stream
,begins in 15 years. This contract is a(n): Answer- Single premium
deferred annuity
8. Which of these is NOT a factor that influences group health
insurance underwriting?: Physical exams of group members
9. What is the grace period required for an individual accident and
health insurance policy with monthly premiums?: 10 days
10.In regards to technology and the ACA, which of the following
statements is correct?: States which operate with an Exchange must
offer an internet-based portal
11.Insurable interest involves what assumption?: One person benefits
from another person's continued life
12.Which of these policies is considered a whole life policy?: Single
premium life
13.Which of the following would be considered an unfair claims settlement
practice?: Misrepresenting pertinent policy provisions relating to
coverage after a loss
14.A policyowner is permitted to take out a policy loan on a whole life
policy at what point?: When the policy has a cash value
,15.Which of these is NOT a factor during the health insurance
underwriting process?: Former residence
16.New York workers compensation laws exclude benefits for
disabilities caused by: Intentional, self-inflicted injuries occurring on
the job
17.When premiums are determined, one factor would be the expenses
of the: Insurer
18.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: equal the net single premium
for the same face amount at the insured's attained age
19.During open enrollment for Medicare Supplement coverage, an
applicant MUST be at least: There is no minimum age requirement
20.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?: Subject
to market value adjustment
21.Which of the following contracts offer deferred taxation, flexible
pay- ments, a guaranteed interest rate, and death benefits equal to the
cash value?: Flexible premium fixed annuity
22.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
diagno- sis?: Her employer's group accident and health plan
, 23.Which statement regarding the certificate of insurance is accurate?:
It indicates evidence of an employee's insurance coverage
24.According to the ACA, the proportion of premium revenues spent on
clinical services and quality improvements is called the: Medical loss
ratio
25.Which of the following statements regarding the Fair Credit
Reporting Act is correct?: If credit, insurance, or employment was
denied because of an unfavorable report, the consumer must be
advised
26.According to the ACA, insurers can no longer deny health coverage
due to pre-exsisting conditions unless that plan is a: Grandfathered plan
27.Which item must be considered by an agent when determining the
suit- ability of an annuity recommendation?: The client's financial status
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