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NY Life and Health Exam Questions And Correct Answers Latest Update
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NY Life and Health Exam Questions And Correct Answers Latest Update
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NY Life and Health Exam Questions And CorrectAnswers Latest Update.
The /insurer /can /increase /the /policy /premium /on /an /individual /basis. /- /(correct /answer) /-
Which /of /the /following /is /NOT /a /feature /of /a /guaranteed /renewable /provision?
Coverage /is /not /renewable /beyond /the /insured's /age /65.
The /insured's /benefits /cannot /be /reduced.
The /insurer /can /increase /the /policy /premium /on /an /individual /basis.
The /insured /has /a /unilateral /right /to /renew /the /policy /for /the /life /of /the /contract.
Residual /disability /- /(correct /answer) /-Disability /income /policies /can /provide /coverage /for /a /loss /of
/income
/when /returning /to /work /after /recovering /from /total /disability. /What /is /the /name /of /this /policy?
Income /replacement
Residual /disability
Recurrent /disability
Partial /disability
Insurer's /executive /officer /- /(correct /answer) /-
Which /of /the /following /entities /has /the /authority /to /make /changes /to /an /insurance /policy?
Department /of /Insurance
Broker
Producer
,Insurer's /executive /officer
Monthly. /- /(correct /answer) /-
Which
/of
/the /following /premium /modes /would /result /in /the /highest /annual /cost /for /an /insurance /policy?
Monthly
Quarterly
Semi-annual
Annual
An /agent's /retirement. /- /(correct /answer) /-
In /this /state /a /temporary /license /may /be /issued /for /all /of /the /following /reasons /EXCEPT
An /agent's /time /in /the /military /service
An /agent's /retirement.
The /death /of /an /agent.
An /agent's /disability.
From /trustee /to /trustee /- /(correct /answer) /-
In /a /direct /rollover, /how /is /the /money /transferred /from /one /plan /to /the /new /one?
From /the /original /plan /to /the /original /custodian
From /trustee /to /trustee
From /trustee /to /the /participant
From /the /participant /to /the /new /plan
Annuity /certain. /- /(correct /answer) /-
Your
/client
/plans
/to
,/retire
/at
/age
/50.
/He
/would
/like
/to
/purchase
/an
/annuity
/that
/would
/provide
/income
/from
/the
/time /he /retires /to /the /age /when /social /security /and /other /pension /funds /become /available. /What
/settlement /option /should /he /consider?
Annuity /certain
Fixed /annuity
Refund /Life
Variable /annuity
Debtor /in /creditor. /- /(correct /answer) /-
Which /of /the /following /is /NOT /an /example /of /insurable /interest?
Employer /in /employee
Child /in /parent
Debtor /in /creditor
Business /partners /in /each /other
The /application /was /processed /without /a /valid /license. /- /(correct /answer) /-
A
/spouse
, /was /granted /a /temporary /license /for /her /deceased /husband's /agency /on /March /1. /On /May /1 /she
/processed /an /application /for /life /insurance /on /a /new /applicant. /Which /of /the /following /is /true?
The /spouse's /license /had /expired.
The /application /is /valid /as /submitted.
The /application /was /processed /without /a /valid /license.
The /application /is /not /valid /as /submitted.
15%
/of
/the /agent's /annual /commission /is /from /business /sold /to /the /agent's /family. /- /(correct /answer) /-
The
/Superintendent
/will
/not
/renew
/an
/agent
/or
/broker's
/license
/upon /finding /that /the /license /has /been /used /to /write /controlled /business. /Which /of /the /following
/would /be /a /violation /of /controlled /business /practices?
5% /of /the /agent's /annual /commission /is /from /policies /sold /to /the /agent's /business /associates.
40%
/of
/the
/agent's /commission /in /the /last /month /comes /from /business /sold /to /friends /and /family /members.
15% /of /the /agent's /annual /commission /is /from /business /sold /to /the /agent's /family.
25% /of /the /agent's /commissions /come /from /policies /sold /to /one /client.
Insurer's /guaranteed /minimum /rate /of /interest /- /(correct /answer) /-
Which
/of /the /following /ultimately /determines /the /interest /rates /paid /to /the /owner /of /a /fixed /annuity?
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