NY Life, Accident and Health Insurance Laws and Regulations Questions And Answers

NY Life, Accident and Health Insurance
Laws and Regulations Questions And
Answers



An /.agent /.who /.offers /.to /.pay /.the /.first /.insurance /.premium /.as /.an /.inducement /.for /.an /.applican
t /.to /.purchase /.a /.policy /.may /.be /.found /.guilty /.of /.- /.(correct /.answer) /.-rebating

A /.temporary /.license /.may /.be /.issued /.by /.the /.Insurance /.Superintendent /.to /.which /.of /.the /.follow
ing /.individuals? /.- /.(correct /.answer) /.-The /.surviving /.spouse /.of /.a /.deceased /.agent

An /.insurance /.agent /.is /.defined /.as /.an /.individual /.who /.transacts /.business /.on /.behalf /.of /.- /.
(correct /.answer) /.-an /.insurance /.company

An /.agent /.who /.makes /.false /.statements /.about /.the /.financial /.condition /.of /.an /.insurer /.may /.be /.f
ound /.guilty /.of /.- /.(correct /.answer) /.-defamation

Which /.of /.the /.following /.was /.specifically /.designed /.to /.address /.STOLI /.and /.IOLI /.practices? /.- /.
(correct /.answer) /.-NCOIL /.Act

What /.must /.the /.policy /.summary /.in /.a /.life /.insurance /.policy /.include? /.- /.(correct /.answer) /.-
the /.name /.and /.address /.of /.the /.insurance /.agent /.or /.broker

An /.insured /.MUST /.present /.evidence /.of /.insurability /.and /.pay /.all /.overdue /.premiums /.with /.intere
st /.after /.a /.policy /.has /.lapsed /.in /.order /.to /.exercise /.which /.policy /.provision? /.- /.
(correct /.answer) /.-Reinstatement

What /.does /.the /.grace /.period /.protect /.the /.policyholder /.from? /.- /.(correct /.answer) /.-
an /.unintentional /.lapse /.of /.the /.policy

When /.replacing /.existing /.life /.insurance, /.what /.must /.an /.agent /.do? /.- /.(correct /.answer) /.-
Specify /.what /.constitutes /.the /.replacement