NYS LIFE, ACCIDENT, AND HEALTH
INSURANCE EXAM QUESTIONS AND
ANSWERS LATEST UPDATED 2024
• Which type of life insurance policy is best suited for paying off the
outstanding balance of a 30-year mortgage in the event of the insured's
death? - answers>30-year decreasing term.
• How many days notice does the ACA require insurers to
give beforerescinding coverage? - answers>30
• A signed good health statement may be requested by a life
producer atthe time of - answers>Policy Delivery
• Carol purchases a whole life policy that provides a choice of dividend
options. This policy is required to include a statement that the
dividends are - answers>Not Guaranteeed
• Tim is confined to a nursing home but doesn't have a terminal
illness. Which life insurance rider is designed to help pay for this
type of expense?
• answers>Long-term care benefit rider
• An insured is covered under a group long-term disability policy.
Under thistype of policy, the definition of disability based on any
occupation
, typically applies - answers>After two years of disability
• Sylvia purchased an annuity for $100,000 from the proceeds of an
1
inheritance. No further payments are permitted and the income stream
begins in 15 years. This contract is a(n) - answers>Single premium
deferred annuity
• Which of these is NOT a factor that influences group health
insuranceunderwriting? - answers>Physical exams of group
members
• What is the grace period required for an individual accident
and healthinsurance policy with monthly premiums? -
answers>10 days
• In regards to technology and the ACA, which of the following
statements is correct? - answers>States which operate with an
Exchange must offeran internet-based portal
• Insurable interest involves what assumption? -
answers>One personbenefits from another person's
continued life
• Which of these policies is considered a whole life policy? -
answers>Single premium life
,• Which of the following would be considered an unfair claims
settlement practice? - answers>Misrepresenting pertinent
policy provisions relatingto coverage after a loss
• 2
• A policyowner is permitted to take out a policy loan on a whole
life policyat what point? - answers>When the policy has a cash
value
• Which of these is NOT a factor during the health insurance
underwritingprocess? - answers>Former residence
• New York workers compensation laws exclude benefits for
disabilities caused by - answers>Intentional, self-inflicted
injuries occurring on thejob
• When premiums are determined, one factor would be the expenses of
the
• answers>Insurer
• Scott has a life insurance policy in which the dividends are left with the
insurance company. This particular policy may be paid up when
the cashvalue plus accumulated dividends - answers>equal the
net single
premium for the same face amount at the insured's attained age
, • During open enrollment for Medicare Supplement coverage, an
applicantMUST be at least - answers>There is no minimum age
requirement
• What happens to the cash value of a market value adjusted
annuity if it'ssurrendered prior to the end of the stated
guarantee period? -
answers>Subject to market value adjustment
[Date]
NYS Life, accident, and health insurance Exam
Questions and Answers Latest Updated 2024
• Which of the following contracts offer deferred taxation, flexible
payments, a guaranteed interest rate, and death benefits equal to
thecash value? - answers>Flexible premium fixed annuity
• Tonya has been diagnosed with kidney failure and has group
accident andhealth insurance through her large employer. Which
of these accident andhealth plans will be primary during the
months following her diagnosis? - answers>Her employer's
group accident and health plan
INSURANCE EXAM QUESTIONS AND
ANSWERS LATEST UPDATED 2024
• Which type of life insurance policy is best suited for paying off the
outstanding balance of a 30-year mortgage in the event of the insured's
death? - answers>30-year decreasing term.
• How many days notice does the ACA require insurers to
give beforerescinding coverage? - answers>30
• A signed good health statement may be requested by a life
producer atthe time of - answers>Policy Delivery
• Carol purchases a whole life policy that provides a choice of dividend
options. This policy is required to include a statement that the
dividends are - answers>Not Guaranteeed
• Tim is confined to a nursing home but doesn't have a terminal
illness. Which life insurance rider is designed to help pay for this
type of expense?
• answers>Long-term care benefit rider
• An insured is covered under a group long-term disability policy.
Under thistype of policy, the definition of disability based on any
occupation
, typically applies - answers>After two years of disability
• Sylvia purchased an annuity for $100,000 from the proceeds of an
1
inheritance. No further payments are permitted and the income stream
begins in 15 years. This contract is a(n) - answers>Single premium
deferred annuity
• Which of these is NOT a factor that influences group health
insuranceunderwriting? - answers>Physical exams of group
members
• What is the grace period required for an individual accident
and healthinsurance policy with monthly premiums? -
answers>10 days
• In regards to technology and the ACA, which of the following
statements is correct? - answers>States which operate with an
Exchange must offeran internet-based portal
• Insurable interest involves what assumption? -
answers>One personbenefits from another person's
continued life
• Which of these policies is considered a whole life policy? -
answers>Single premium life
,• Which of the following would be considered an unfair claims
settlement practice? - answers>Misrepresenting pertinent
policy provisions relatingto coverage after a loss
• 2
• A policyowner is permitted to take out a policy loan on a whole
life policyat what point? - answers>When the policy has a cash
value
• Which of these is NOT a factor during the health insurance
underwritingprocess? - answers>Former residence
• New York workers compensation laws exclude benefits for
disabilities caused by - answers>Intentional, self-inflicted
injuries occurring on thejob
• When premiums are determined, one factor would be the expenses of
the
• answers>Insurer
• Scott has a life insurance policy in which the dividends are left with the
insurance company. This particular policy may be paid up when
the cashvalue plus accumulated dividends - answers>equal the
net single
premium for the same face amount at the insured's attained age
, • During open enrollment for Medicare Supplement coverage, an
applicantMUST be at least - answers>There is no minimum age
requirement
• What happens to the cash value of a market value adjusted
annuity if it'ssurrendered prior to the end of the stated
guarantee period? -
answers>Subject to market value adjustment
[Date]
NYS Life, accident, and health insurance Exam
Questions and Answers Latest Updated 2024
• Which of the following contracts offer deferred taxation, flexible
payments, a guaranteed interest rate, and death benefits equal to
thecash value? - answers>Flexible premium fixed annuity
• Tonya has been diagnosed with kidney failure and has group
accident andhealth insurance through her large employer. Which
of these accident andhealth plans will be primary during the
months following her diagnosis? - answers>Her employer's
group accident and health plan
