NY LIFE ACCIDENT AND HEALTH INSURANCE
AGENT BROKER EXAM EXAMINATION TEST
2026
◉ A signed good health statement may be requested by a life
producer at the time of Answer: 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 Answer: 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? Answer: Long-term care benefit rider
◉ An insured is covered under a group long-term disability policy.
Under this type of policy, the definition of disability based on any
occupation typically applies Answer: After two years of disability
◉ Sylvia purchased an annuity for $100,000 from the proceeds of an
inheritance. No further payments are permitted and the income
stream begins in 15 years. This contract is a(n) Answer: Single
premium deferred annuity
,◉ Which of these is NOT a factor that influences group health
insurance underwriting? Answer: Physical exams of group members
◉ What is the grace period required for an individual accident and
health insurance policy with monthly premiums? Answer: 10 days
◉ In regards to technology and the ACA, which of the following
statements is correct? Answer: States which operate with an
Exchange must offer an internet-based portal
◉ Insurable interest involves what assumption? Answer: One person
benefits from another person's continued life
◉ Which of these policies is considered a whole life policy? Answer:
Single premium life
◉ Which of the following would be considered an unfair claims
settlement practice? Answer: Misrepresenting pertinent policy
provisions relating to coverage after a loss
◉ A policyowner is permitted to take out a policy loan on a whole
life policy at what point? Answer: When the policy has a cash value
,◉ Which of these is NOT a factor during the health insurance
underwriting process? Answer: Former residence
◉ New York workers compensation laws exclude benefits for
disabilities caused by Answer: Intentional, self-inflicted injuries
occurring on the job
◉ When premiums are determined, one factor would be the
expenses of the Answer: 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 cash value plus accumulated dividends Answer: equal the
net single premium for the same face amount at the insured's
attained age
◉ During open enrollment for Medicare Supplement coverage, an
applicant MUST be at least Answer: There is no minimum age
requirement
◉ What happens to the cash value of a market value adjusted
annuity if it's surrendered prior to the end of the stated guarantee
period? Answer: Subject to market value adjustment
, ◉ Which of the following contracts offer deferred taxation, flexible
payments, a guaranteed interest rate, and death benefits equal to the
cash value? Answer: Flexible premium fixed annuity
◉ Tonya has been diagnosed with kidney failure and has group
accident and health insurance through her large employer. Which of
these accident and health plans will be primary during the months
following her diagnosis? Answer: Her employer's group accident and
health plan
◉ Which statement regarding the certificate of insurance is
accurate? Answer: It indicates evidence of an employee's insurance
coverage
◉ According to the ACA, the proportion of premium revenues spent
on clinical services and quality improvements is called the Answer:
Medical loss ratio
◉ Which of the following statements regarding the Fair Credit
Reporting Act is correct? Answer: If credit, insurance, or
employment was denied because of an unfavorable report, the
consumer must be advised
◉ According to the ACA, insurers can no longer deny health
coverage due to pre-exsisting conditions unless that plan is a
Answer: Grandfathered plan
AGENT BROKER EXAM EXAMINATION TEST
2026
◉ A signed good health statement may be requested by a life
producer at the time of Answer: 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 Answer: 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? Answer: Long-term care benefit rider
◉ An insured is covered under a group long-term disability policy.
Under this type of policy, the definition of disability based on any
occupation typically applies Answer: After two years of disability
◉ Sylvia purchased an annuity for $100,000 from the proceeds of an
inheritance. No further payments are permitted and the income
stream begins in 15 years. This contract is a(n) Answer: Single
premium deferred annuity
,◉ Which of these is NOT a factor that influences group health
insurance underwriting? Answer: Physical exams of group members
◉ What is the grace period required for an individual accident and
health insurance policy with monthly premiums? Answer: 10 days
◉ In regards to technology and the ACA, which of the following
statements is correct? Answer: States which operate with an
Exchange must offer an internet-based portal
◉ Insurable interest involves what assumption? Answer: One person
benefits from another person's continued life
◉ Which of these policies is considered a whole life policy? Answer:
Single premium life
◉ Which of the following would be considered an unfair claims
settlement practice? Answer: Misrepresenting pertinent policy
provisions relating to coverage after a loss
◉ A policyowner is permitted to take out a policy loan on a whole
life policy at what point? Answer: When the policy has a cash value
,◉ Which of these is NOT a factor during the health insurance
underwriting process? Answer: Former residence
◉ New York workers compensation laws exclude benefits for
disabilities caused by Answer: Intentional, self-inflicted injuries
occurring on the job
◉ When premiums are determined, one factor would be the
expenses of the Answer: 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 cash value plus accumulated dividends Answer: equal the
net single premium for the same face amount at the insured's
attained age
◉ During open enrollment for Medicare Supplement coverage, an
applicant MUST be at least Answer: There is no minimum age
requirement
◉ What happens to the cash value of a market value adjusted
annuity if it's surrendered prior to the end of the stated guarantee
period? Answer: Subject to market value adjustment
, ◉ Which of the following contracts offer deferred taxation, flexible
payments, a guaranteed interest rate, and death benefits equal to the
cash value? Answer: Flexible premium fixed annuity
◉ Tonya has been diagnosed with kidney failure and has group
accident and health insurance through her large employer. Which of
these accident and health plans will be primary during the months
following her diagnosis? Answer: Her employer's group accident and
health plan
◉ Which statement regarding the certificate of insurance is
accurate? Answer: It indicates evidence of an employee's insurance
coverage
◉ According to the ACA, the proportion of premium revenues spent
on clinical services and quality improvements is called the Answer:
Medical loss ratio
◉ Which of the following statements regarding the Fair Credit
Reporting Act is correct? Answer: If credit, insurance, or
employment was denied because of an unfavorable report, the
consumer must be advised
◉ According to the ACA, insurers can no longer deny health
coverage due to pre-exsisting conditions unless that plan is a
Answer: Grandfathered plan
