NY Life, Accident and Health
Insurance Agent/Broker Exam
Series 17-55 Questions and
Answers 100% PASS
Disability Income Insurance - what is it?—ANSWER--- Replaces lost income in the event of
the disability comma insured must be unable to perform occupational duties
- insured must be unable to perform occupational duties
Disability Income Insurance - presumptive disability—ANSWER--Specifies a condition that
qualifies and insured for full disability benefits
Disability Income Insurance - recurrent disability—ANSWER--Specifies a period of time
during which the recurrence of an injury or illness will be considered a continuation of a
prior disability
Disability Income Insurance - elimination period—ANSWER--the waiting period that last
from the....ability until benefit payments starts
Disability Income Insurance - probationary period—ANSWER--The period after the policy
starts during which benefits won't be paid for illness related disabilities
,Disability Income Insurance - benefit period—ANSWER--Length of time monthly disability
benefit payments last
Disability Income Insurance - benefit limitations—ANSWER--Maximum benefits and insurer
is willing to accept for an individual risk based on a percentage of insureds past earnings
Disability Income Insurance - social insurance supplement (SIS) or Social Security riders—
ANSWER--Supplement or replace benefits payable under Social Security disability
Disability Income - Business overhead expense policy—ANSWER--Reimburses small business
owners for overhead expenses incurred while the business owner is totally disabled
Disability Income - business disability buyout policy—ANSWER--Specifies who will purchase
a business partner's interest in case of a disability
Disability Income - key person disability—ANSWER--- Covers the potential loss of business
income and the expense of hiring and training a replacement for a key person
- business owns the contract, pays a premium, and is the beneficiary
Disability Income - group disability—ANSWER--Short term disability benefit - STD - benefit
period No longer than two years
long term disability - LTD
- elimination period may last as long as the benefit period for STD
- reserved for management employees
- last until age 65
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
, Uniform Required Provisions - entire contract—ANSWER--policy (with riders and
amendments) and copy of application
Uniform Required Provisions - grace period—ANSWER--Time period after the premium is
due during which the policy will not lapse
Uniform Required Provisions - reinstatement—ANSWER--A policy can be restored within a
specified period of time with proof of insurability
Uniform Required Provisions - change of beneficiary - revocable/irrevocable—ANSWER--
Revocable - can be changed at anytime
irrevocable - can only be changed with the beneficiaries consent
Uniform Required Provisions - notice of claim—ANSWER--- Insured must provide insurer
with reasonable notice after loss
- notice is required within 20 days of loss or as soon as possible
Uniform Required Provisions - claim form—ANSWER--Company must supply insured with
claim forms within a specific time period
Uniform Required Provisions - proof of loss—ANSWER--Claimant must submit proof of loss
within 90 days of loss
Uniform Required Provisions - time of payment of claims—ANSWER--Specifies that claims
must be paid upon written proof of loss
Insurance Agent/Broker Exam
Series 17-55 Questions and
Answers 100% PASS
Disability Income Insurance - what is it?—ANSWER--- Replaces lost income in the event of
the disability comma insured must be unable to perform occupational duties
- insured must be unable to perform occupational duties
Disability Income Insurance - presumptive disability—ANSWER--Specifies a condition that
qualifies and insured for full disability benefits
Disability Income Insurance - recurrent disability—ANSWER--Specifies a period of time
during which the recurrence of an injury or illness will be considered a continuation of a
prior disability
Disability Income Insurance - elimination period—ANSWER--the waiting period that last
from the....ability until benefit payments starts
Disability Income Insurance - probationary period—ANSWER--The period after the policy
starts during which benefits won't be paid for illness related disabilities
,Disability Income Insurance - benefit period—ANSWER--Length of time monthly disability
benefit payments last
Disability Income Insurance - benefit limitations—ANSWER--Maximum benefits and insurer
is willing to accept for an individual risk based on a percentage of insureds past earnings
Disability Income Insurance - social insurance supplement (SIS) or Social Security riders—
ANSWER--Supplement or replace benefits payable under Social Security disability
Disability Income - Business overhead expense policy—ANSWER--Reimburses small business
owners for overhead expenses incurred while the business owner is totally disabled
Disability Income - business disability buyout policy—ANSWER--Specifies who will purchase
a business partner's interest in case of a disability
Disability Income - key person disability—ANSWER--- Covers the potential loss of business
income and the expense of hiring and training a replacement for a key person
- business owns the contract, pays a premium, and is the beneficiary
Disability Income - group disability—ANSWER--Short term disability benefit - STD - benefit
period No longer than two years
long term disability - LTD
- elimination period may last as long as the benefit period for STD
- reserved for management employees
- last until age 65
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
, Uniform Required Provisions - entire contract—ANSWER--policy (with riders and
amendments) and copy of application
Uniform Required Provisions - grace period—ANSWER--Time period after the premium is
due during which the policy will not lapse
Uniform Required Provisions - reinstatement—ANSWER--A policy can be restored within a
specified period of time with proof of insurability
Uniform Required Provisions - change of beneficiary - revocable/irrevocable—ANSWER--
Revocable - can be changed at anytime
irrevocable - can only be changed with the beneficiaries consent
Uniform Required Provisions - notice of claim—ANSWER--- Insured must provide insurer
with reasonable notice after loss
- notice is required within 20 days of loss or as soon as possible
Uniform Required Provisions - claim form—ANSWER--Company must supply insured with
claim forms within a specific time period
Uniform Required Provisions - proof of loss—ANSWER--Claimant must submit proof of loss
within 90 days of loss
Uniform Required Provisions - time of payment of claims—ANSWER--Specifies that claims
must be paid upon written proof of loss
