100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
NYS LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+$17.99
Add to cart
NYS LIFE ACCIDENT AND HEALTH INSURANCE
EXAM 2024 ACTUAL EXAM COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED ANSWERS
/ALREADY GRADED A+
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? - ANSWER30-year
decreasing term.
How many days notice does the ACA require insurers to give before rescinding
coverage? - ANSWER30
A signed good health statement may be requested by a life producer at the time of -
ANSWERPolicy 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 - ANSWERNot
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? - ANSWERLong-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 -
ANSWERAfter 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) - ANSWERSingle premium deferred annuity
Which of these is NOT a factor that influences group health insurance underwriting? -
ANSWERPhysical exams of group members
What is the grace period required for an individual accident and health insurance policy
with monthly premiums? - ANSWER10 days
In regards to technology and the ACA, which of the following statements is correct? -
ANSWERStates which operate with an Exchange must offer an internet-based portal
,Insurable interest involves what assumption? - ANSWEROne person benefits from
another person's continued life
Which of these policies is considered a whole life policy? - ANSWERSingle premium life
Which of the following would be considered an unfair claims settlement practice? -
ANSWERMisrepresenting 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?
- ANSWERWhen the policy has a cash value
Which of these is NOT a factor during the health insurance underwriting process? -
ANSWERFormer residence
New York workers compensation laws exclude benefits for disabilities caused by -
ANSWERIntentional, self-inflicted injuries occurring on the job
When premiums are determined, one factor would be the expenses of the -
ANSWERInsurer
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 - ANSWERequal 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 - ANSWERThere 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? - ANSWERSubject 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? - ANSWERFlexible 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? - ANSWERHer employer's group
accident and health plan
Which statement regarding the certificate of insurance is accurate? - ANSWERIt
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 - ANSWERMedical loss ratio
, Which of the following statements regarding the Fair Credit Reporting Act is correct? -
ANSWERIf 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 - ANSWERGrandfathered plan
Which item must be considered by an agent when determining the suitability of an
annuity recommendation? - ANSWERThe 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? -
ANSWERApplicant has a right to receive a copy of the report
If group Health benefit levels are too high, what could be the end result? -
ANSWEROverutilization of the plan
A life insurance producer licensed in New York is authorized to - ANSWERSolicit,
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 - ANSWERRisk retention group
Any employee insured under a group life insurance plan is normally - ANSWERCovered
with term life insurance
A life insurance guaranteed insurability rider gives the insured the right, without proving
insurability, to - ANSWERPeriodically 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 - ANSWERAfter 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? -
ANSWERPays a death benefit as a result of natural causes
What typically changes at the re-entry option date found in some term life policies? -
ANSWERPremium
When an illustration is used in the sale of a life insurance policy, the illustration MUST
contain a statement signed by the - ANSWERAgent
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? -
ANSWERIntermediate care
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 Americannursingaassociation. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
