New York Laws and Rules Pertinent to Insurance Exam Q&A 100% Solved
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Laws and Rules
Institution
Laws And Rules
New York Laws and Rules Pertinent to
Insurance Exam Q&A 100% Solved
A life insurance policy can be reinstated upon meeting company
requirements within a maximum of - 3 years
According to the Affordable Care Act (ACA), dependent children may
remain on their parent's plan until what age? - Age 2...
revenues spent on clinical services and quality improvements is called the -
✔✔Medical loss ratio
A policyowner has decided to replace an existing life insurance policy with
a new one. The existing life policy should be terminated - ✔✔after the new
life policy has been issued and delivered to the policyowner
The amount received for a life insurance policy in a life settlement is -
✔✔Less than the death benefit
The maximum prison sentence given under federal law for unfair and
deceptive insurance practices is - ✔✔15 years
An individual in New York who charges a fee for giving advice on an
insurance policy must be licensed as a consultant if the advice is given to -
✔✔The policyholder
Replacing a policy when it is NOT in the best interest of the client is known
as - ✔✔Twisting
If a group endorses an accident and health insurance product in an
advertisement, the public must be made aware of - ✔✔Any control by the
insurer over the group
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