NY-Life-Accident-and-Health Practice Questions

A.  

Variable.

B.  

Universal.

C.  

Limited Life.

D.  

Fixed.

A.  

mandatory.

B.  

optional.

C.  

elective.

D.  

not required.

A.  

It requires only one payment to make the policy paid up.

B.  

It provides for only one premium to be paid without evidence of insurability.

C.  

It waives one future premium if the owner becomes disabled.

D.  

It requires the policyowner to pay one premium annually.

A.  

must be reviewed by the insurance commissioner.

B.  

must meet minimum statute requirements.

C.  

can be submitted as written.

D.  

supersedes state statutes.

A.  

A spouse.

B.  

Employees.

C.  

Minor children.

D.  

Dependent parents.

A.  

Alcoholism or drug addiction.

B.  

Acts of war while serving in the military.

C.  

Self-inflicted injuries.

D.  

Alzheimer’s disease.

A.  

Skilled nursing care.

B.  

Intermediate care.

C.  

Home health care.

D.  

Adult day care.

A.  

having to satisfy a new preexisting condition period.

B.  

having any increase in premium costs.

C.  

having to meet a new deductible.

D.  

any change in the level of benefits they receive.

A.  

The insurer is not liable to pay any amount due to the insured ' s misstatement of age.

B.  

The insurer must pay the full amount of the policy, minus any additional premiums the insurance company would have paid based on the insured ' s actual age.

C.  

The insurer must pay a prorated amount of the policy based on the amount of insurance the insured ' s premiums would have bought if purchased at the correct age.

D.  

The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.

A.  

March 31.

B.  

May 31.

C.  

June 30.

D.  

December 31.