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NY-Life-Accident-and-Health New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 is now Stable and With Pass Result | Test Your Knowledge for Free

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NY-Life-Accident-and-Health Practice Questions

New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55

Last Update 2 days ago
Total Questions : 118

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Question # 31

A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Any decrease in income resulting from his injury would make him eligible for benefits under which provision?

Options:

A.  

Partial disability.

B.  

Nondisabling injury.

C.  

Presumptive disability.

D.  

Flat amount disability.

Discussion 0
Question # 32

Which approach considers the future needs of the survivors in determining amounts of life insurance?

Options:

A.  

Human Life Value Approach.

B.  

Cost Comparison Approach.

C.  

Living Benefits Approach.

D.  

Needs Approach.

Discussion 0
Question # 33

Which of the following is a Health Insurance Policy where the insurer has the right to change the premiums for policyowners, but CANNOT cancel the policy?

Options:

A.  

A guaranteed renewable policy.

B.  

A noncancellable policy.

C.  

A conditionally renewable policy.

D.  

An optionally renewable policy.

Discussion 0
Question # 34

Stranger originated life insurance violates which of the following statutory requirements?

Options:

A.  

Trust ownership.

B.  

Right of rescission.

C.  

Insurable interest.

D.  

Commission sharing.

Discussion 0
Question # 35

The insured, who is 59 years of age decides to replace a long-term care policy they had for five years for a new policy. Which of the following is true of the insurer?

Options:

A.  

The original insurer will reimburse benefit dollars not used under the original policy period.

B.  

The replacement insurer will impose new probationary period and preexisting condition limitations.

C.  

The replacement insurer will not honor previous exclusions that had previously been satisfied under the original policy.

D.  

The replacement insurer will waive probationary periods pertaining to preexisting conditions satisfied under the original policy.

Discussion 0
Question # 36

Intentionally withholding information that should be provided to an insurer is known as

Options:

A.  

concealment.

B.  

estoppel.

C.  

remission.

D.  

twisting.

Discussion 0
Question # 37

When a provider does NOT have an agreement with the insurer for payment, they will be reimbursed

Options:

A.  

an absolute fee.

B.  

a relative fee.

C.  

a usual, customary, and reasonable fee.

D.  

a non-scheduled plan customary fee.

Discussion 0
Question # 38

Which of the following statements BEST describes a disability elimination period?

Options:

A.  

A time deductible rather than a dollar deductible.

B.  

A benefit or utilization period.

C.  

A dollar deductible rather than a time deductible.

D.  

A qualifying period.

Discussion 0
Question # 39

Penalties that may be levied by the Department of Insurance for committing insurance fraud do NOT include

Options:

A.  

fines.

B.  

license revocation.

C.  

license suspension.

D.  

probation.

Discussion 0
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