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NYS Life, accident, and health insurance Exam Practice Questions and Answers (100% Pass)
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NYS Life, accident, and health insurance Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMNYS Life, accident, and health insurance Exam Practice
Questions and Answers (100% Pass)
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? - ✔️✔️30-year decreasing
term.
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? - ✔️✔️30-year decreasing
term.
How many days notice does the ACA require insurers to give before rescinding
coverage? - ✔️✔️30
How many days notice does the ACA require insurers to give before rescinding
coverage? - ✔️✔️30
A signed good health statement may be requested by a life producer at the time of -
✔️✔️Policy Delivery
A signed good health statement may be requested by a life producer at the time of -
✔️✔️Policy Delivery
1
,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
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 - ✔️✔️Not Guaranteeed
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 - ✔️✔️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? - ✔️✔️Long-term care
benefit rider
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? - ✔️✔️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 - ✔️✔️After
two years of disability
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 - ✔️✔️After
two years of disability
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) - ✔️✔️Single premium deferred annuity
2
,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
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) - ✔️✔️Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
✔️✔️Physical exams of group members
Which of these is NOT a factor that influences group health insurance underwriting? -
✔️✔️Physical exams of group members
What is the grace period required for an individual accident and health insurance policy
with monthly premiums? - ✔️✔️10 days
What is the grace period required for an individual accident and health insurance policy
with monthly premiums? - ✔️✔️10 days
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
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
Insurable interest involves what assumption? - ✔️✔️One person benefits from another
person's continued life
Insurable interest involves what assumption? - ✔️✔️One person benefits from another
person's continued life
3
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
Which of these policies is considered a whole life policy? - ✔️✔️Single premium life
Which of these policies is considered a whole life policy? - ✔️✔️Single premium life
Which of the following would be considered an unfair claims settlement practice? -
✔️✔️Misrepresenting pertinent policy provisions relating to coverage after a loss
Which of the following would be considered an unfair claims settlement practice? -
✔️✔️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?
- ✔️✔️When the policy has a cash value
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
Which of these is NOT a factor during the health insurance underwriting process? -
✔️✔️Former residence
Which of these is NOT a factor during the health insurance underwriting process? -
✔️✔️Former residence
New York workers compensation laws exclude benefits for disabilities caused by -
✔️✔️Intentional, self-inflicted injuries occurring on the job
New York workers compensation laws exclude benefits for disabilities caused by -
✔️✔️Intentional, self-inflicted injuries occurring on the job
4
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