Nys Life, Accident, And Health Insurance Exam Newest
2026/2027 Actual Exam Complete Questions and Correct
Detailed Answers (Verified Answers) |Already Graded A+|
INSTANT PDF DOWNLOAD
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? - selected answer
👀 30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding
coverage? - selected answer 👀 30
A signed good health statement may be requested by a life producer at the time of -
selected 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 - selected 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? - selected 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 - selected
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) - selected answer 👀 Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
selected answer 👀 Physical exams of group members
What is the grace period required for an individual accident and health insurance
policy with monthly premiums? - selected answer 👀 10 days
,In regards to technology and the ACA, which of the following statements is correct? -
selected answer 👀 States which operate with an Exchange must offer an internet-
based portal
Insurable interest involves what assumption? - selected answer 👀 One person
benefits from another person's continued life
Which of these policies is considered a whole life policy? - selected answer 👀 Single
premium life
Which of the following would be considered an unfair claims settlement practice? -
selected 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? - selected answer 👀 When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process? -
selected answer 👀 Former residence
New York workers compensation laws exclude benefits for disabilities caused by -
selected answer 👀 Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the - selected
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 - selected 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 - selected 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? - selected 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? - selected
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? - selected answer 👀 Her
employer's group accident and health plan
Which statement regarding the certificate of insurance is accurate? - selected 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 - selected answer 👀 Medical loss ratio
Which of the following statements regarding the Fair Credit Reporting Act is correct?
- selected 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 - selected answer 👀 Grandfathered plan
Which item must be considered by an agent when determining the suitability of an
annuity recommendation? - selected answer 👀 The client's financial status
An applicant submits a life insurance application where an investigative consumer
report is used in the underwriting process. Which of these statements is true? -
selected answer 👀 Applicant has a right to receive a copy of the report
If group Health benefit levels are too high, what could be the end result? - selected
answer 👀 Overutilization of the plan
A life insurance producer licensed in New York is authorized to - selected answer 👀
Solicit, receive and forward applications to the insurer
A group-owned insurance company that is formed to assume and spread the liability
risks of its members is known as a - selected answer 👀 Risk retention group
, Any employee insured under a group life insurance plan is normally - selected
answer 👀 Covered with term life insurance
A life insurance guaranteed insurability rider gives the insured the right, without
proving insurability, to - selected answer 👀 Periodically purchase additional
insurance
A policy owner has decided to replace an existing life insurance policy with a new
one. The existing life policy should be terminated - selected answer 👀 After the new
life policy has been issued and delivered to the policy owner
Which of the following is NOT a function of accident and health insurance? - selected
answer 👀 Pays a death benefit as a result of natural causes
What typically changes at the re-entry option date found in some term life policies? -
selected answer 👀 Premium
When an illustration is used in the sale of a life insurance policy, the illustration
MUST contain a statement signed by the - selected answer 👀 Agent
Andy is in need of health care performed by skilled medical practitioners, but only on
an intermittent basis. What level of care will his doctor likely prescribe? - selected
answer 👀 Intermediate care
An individual may receive Medicare Part A Hospital benefits, regardless of age, as
long as the person has received which of the following benefits for at least 24
months? - selected answer 👀 Social Security Disability
Field underwriting by a producer - selected answer 👀 may result in the disclosure of
hazardous activities of the applicant
Emergency health care coverage for Medicare enrollees traveling abroad is - selected
answer 👀 A Medicare Supplement additional benefit
Which of the following statements is true regarding accident and health insurance
claims that reimburse on an indemnity basis? - selected answer 👀 Claims can be
sent directly to the insured
2026/2027 Actual Exam Complete Questions and Correct
Detailed Answers (Verified Answers) |Already Graded A+|
INSTANT PDF DOWNLOAD
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? - selected answer
👀 30-year decreasing term.
How many days notice does the ACA require insurers to give before rescinding
coverage? - selected answer 👀 30
A signed good health statement may be requested by a life producer at the time of -
selected 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 - selected 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? - selected 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 - selected
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) - selected answer 👀 Single premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
selected answer 👀 Physical exams of group members
What is the grace period required for an individual accident and health insurance
policy with monthly premiums? - selected answer 👀 10 days
,In regards to technology and the ACA, which of the following statements is correct? -
selected answer 👀 States which operate with an Exchange must offer an internet-
based portal
Insurable interest involves what assumption? - selected answer 👀 One person
benefits from another person's continued life
Which of these policies is considered a whole life policy? - selected answer 👀 Single
premium life
Which of the following would be considered an unfair claims settlement practice? -
selected 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? - selected answer 👀 When the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process? -
selected answer 👀 Former residence
New York workers compensation laws exclude benefits for disabilities caused by -
selected answer 👀 Intentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the - selected
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 - selected 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 - selected 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? - selected 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? - selected
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? - selected answer 👀 Her
employer's group accident and health plan
Which statement regarding the certificate of insurance is accurate? - selected 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 - selected answer 👀 Medical loss ratio
Which of the following statements regarding the Fair Credit Reporting Act is correct?
- selected 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 - selected answer 👀 Grandfathered plan
Which item must be considered by an agent when determining the suitability of an
annuity recommendation? - selected answer 👀 The client's financial status
An applicant submits a life insurance application where an investigative consumer
report is used in the underwriting process. Which of these statements is true? -
selected answer 👀 Applicant has a right to receive a copy of the report
If group Health benefit levels are too high, what could be the end result? - selected
answer 👀 Overutilization of the plan
A life insurance producer licensed in New York is authorized to - selected answer 👀
Solicit, receive and forward applications to the insurer
A group-owned insurance company that is formed to assume and spread the liability
risks of its members is known as a - selected answer 👀 Risk retention group
, Any employee insured under a group life insurance plan is normally - selected
answer 👀 Covered with term life insurance
A life insurance guaranteed insurability rider gives the insured the right, without
proving insurability, to - selected answer 👀 Periodically purchase additional
insurance
A policy owner has decided to replace an existing life insurance policy with a new
one. The existing life policy should be terminated - selected answer 👀 After the new
life policy has been issued and delivered to the policy owner
Which of the following is NOT a function of accident and health insurance? - selected
answer 👀 Pays a death benefit as a result of natural causes
What typically changes at the re-entry option date found in some term life policies? -
selected answer 👀 Premium
When an illustration is used in the sale of a life insurance policy, the illustration
MUST contain a statement signed by the - selected answer 👀 Agent
Andy is in need of health care performed by skilled medical practitioners, but only on
an intermittent basis. What level of care will his doctor likely prescribe? - selected
answer 👀 Intermediate care
An individual may receive Medicare Part A Hospital benefits, regardless of age, as
long as the person has received which of the following benefits for at least 24
months? - selected answer 👀 Social Security Disability
Field underwriting by a producer - selected answer 👀 may result in the disclosure of
hazardous activities of the applicant
Emergency health care coverage for Medicare enrollees traveling abroad is - selected
answer 👀 A Medicare Supplement additional benefit
Which of the following statements is true regarding accident and health insurance
claims that reimburse on an indemnity basis? - selected answer 👀 Claims can be
sent directly to the insured
