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NYS Life, Accident, and Health State Exam Simulator (2022 – 2023) 100% Correct
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NYS Life, Accident, and Health State Exam Simulator (2022 – 2023) 100% Correct
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NYS Life, Accident, and Health State Exam Simulator(2022 – 2023) 100% Correct
Which of the following can be defined as "the potential for loss"? - Risk
Which of the following describes the act of insuring a risk against possible loss? - Risk Transfer
A description of a qualified plan's insurance contract may be found in which ERISA reporting form?
- Annual Return/Report (Form 5500)
Which of the following statements is NOT true concerning the relationship between group health
insurance plans and Medicare? (Assuming the business has more than 20 employees) - Group
Health Coverage Is NOT Available For Workers Over The Age of 65
Custodial care is normally covered under - Long-term care insurance
Which of the following statements accurately describes the "time limit on certain defenses"? - After
a stated period of time, claims cannot be denied due to material misrepresentations on the
application
Taxable income may be the result from all of these modified endowment contract (MEC)
transactions EXCEPT for - The policy is surrendered for less than what was paid into it
In a speech to a local association, an agent incorrectly stated that XYZ Insurance Company is in
financial difficulty and not paying claims. The agent may be guilty of - Defamation
When does the owner's contractual rights begin under an individual annuity contract? - Time of
purchase
, According to the Affordable Care Act, new Health Insurance Marketplace are established by the -
CCIIO (The Center for Consumer Information and Insurance Oversight)
An insurance policy that can also be classified as a securities product is called - Variable life
An accelerated (living) benefit rider in a life insurance policy may provide funds to an insured who -
Is expected to remain in a nursing home for life
Employees generally receive workers compensation benefits for - Lost wages and medical expenses
due to occupational accidents
Part A Medicare includes coverage for all of the following services EXCEPT - 120 days of Skilled
Nursing Facility care
Which statement regarding universal life insurance is correct? - Cash value accumulations have a
guaranteed minimum interest rate
A life insurance company just paid a $100,000 death benefit to a beneficiary. When the insured
died, the cash value was $15,000 and total premiums-paid equaled $10,000. How much of the
proceeds will be added to the beneficiary's gross income for federal income tax purposes? - Nothing
Which of these life insurance policies does NOT contain a cash value provision? - Decreasing term
life
Emergency health care coverage for Medicare enrollees traveling abroad is - A Medicare
Supplement additional benefit
In New York, an insurer providing small employer group medical plans may discontinue an
employer's coverage if - The insurer no longer offers the plan to any employer
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