Exam (elaborations)
Study Guide for NYS Life Insurance Agent Exam 17-51 Questions and Complete Answers Graded A+.
- Course
- Institution
Study Guide for NYS Life Insurance Agent Exam 17-51 Questions and Complete Answers Graded A+.
[Show more]
Content preview
Study Guide for NYS LifeInsurance Agent Exam
17-51 Questions and
Complete Answers
Graded A+
Denning [Date] [Course title]
, all of the following information about a customer must be used in determining annuity suitability
EXCEPT - Answer: Beneficiarys age
how must a replacing producer respond to an applicant wishing to replace existing life insurance? -
Answer: the producer must provide the applicant with a notice regarding replacement
which of the following is the basic source of information used by the company in the risk selection
process? - Answer: application
which of the following statements regarding hiv testing for life insurance purposes is NOT true? -
Answer: insurers are barred from requesting HIV testing
what is the time period called during which the surviving spouse of the insured does not receive social
security income benefits? - Answer: blackout period
what is the purpose of a conditional receipt? - Answer: is it intended to provide coverage on a date
prior to the policy issue
what does liquidity refer to in a life insurance policy? - Answer: cash values can be borrowed at any
time
which of the following applicants could the insurer charge a higher rate of premium and not violate
regulations regarding unfair discrimination? - Answer: an applicant who is a smoker
part 2 of the application for life insurance provides questions regarding all of the following EXCEPT -
Answer: other insurance coverages
which of the following statements is correct about a standard risk classification in the same age group
and with similar lifestyles? - Answer: standard risk is representative of the majority of people
which part of an insurance application would contain information regarding the cause of death of the
applicant's deceased relatives? - Answer: medical information
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76658 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now