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NYS Life, accident, and health insurance Exam 2024/2025 already graded A+
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NYS Life, accident, and health insurance Exam 2024/2025 already graded A+
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NYSLife,
accident,
and
health
insurance
Exam
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?
-
ANS30-year
decreasing
term.
How
many
days
notice
does
the
ACA
require
insurers
to
give
before
rescinding
coverage?
-
ANS30
A
signed
good
health
statement
may
be
requested
by
a
life
producer
at
the
time
of
-
ANSPolicy
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
-
ANSNot
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?
-
ANSLong-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
-
ANSAfter
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)
-
ANSSingle
premium
deferred
annuity
Which
of
these
is
NOT
a
factor
that
influences
group
health
insurance
underwriting?
-
ANSPhysical
exams
of
group
members
What
is
the
grace
period
required
for
an
individual
accident
and
health
insurance
policy
with
monthly
premiums?
-
ANS10
days
In
regards
to
technology
and
the
ACA,
which
of
the
following
statements
is
correct?
-
ANSStates
which
operate
with
an
Exchange
must
offer
an
internet-based
portal
Insurable
interest
involves
what
assumption?
-
ANSOne
person
benefits
from
another
person's
continued
life
Which
of
these
policies
is
considered
a
whole
life
policy?
-
ANSSingle
premium
life Which
of
the
following
would
be
considered
an
unfair
claims
settlement
practice?
-
ANSMisrepresenting
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?
-
ANSWhen
the
policy
has
a
cash
value
Which
of
these
is
NOT
a
factor
during
the
health
insurance
underwriting
process?
-
ANSFormer
residence
New
York
workers
compensation
laws
exclude
benefits
for
disabilities
caused
by
-
ANSIntentional,
self-inflicted
injuries
occurring
on
the
job
When
premiums
are
determined,
one
factor
would
be
the
expenses
of
the
-
ANSInsurer
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
-
ANSequal
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
-
ANSThere
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?
-
ANSSubject
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?
-
ANSFlexible
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?
-
ANSHer
employer's
group
accident
and
health
plan
Which
statement
regarding
the
certificate
of
insurance
is
accurate?
-
ANSIt
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
-
ANSMedical
loss
ratio
Which
of
the
following
statements
regarding
the
Fair
Credit
Reporting
Act
is
correct?
-
ANSIf
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
-
ANSGrandfathered
plan Which
item
must
be
considered
by
an
agent
when
determining
the
suitability
of
an
annuity
recommendation?
-
ANSThe
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?
-
ANSApplicant
has
a
right
to
receive
a
copy
of
the
report
If
group
Health
benefit
levels
are
too
high,
what
could
be
the
end
result?
-
ANSOverutilization
of
the
plan
A
life
insurance
producer
licensed
in
New
York
is
authorized
to
-
ANSSolicit,
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
-
ANSRisk
retention
group
Any
employee
insured
under
a
group
life
insurance
plan
is
normally
-
ANSCovered
with
term
life
insurance
A
life
insurance
guaranteed
insurability
rider
gives
the
insured
the
right,
without
proving
insurability,
to
-
ANSPeriodically
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
-
ANSAfter
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?
-
ANSPays
a
death
benefit
as
a
result
of
natural
causes
What
typically
changes
at
the
re-entry
option
date
found
in
some
term
life
policies?
-
ANSPremium
When
an
illustration
is
used
in
the
sale
of
a
life
insurance
policy,
the
illustration
MUST
contain
a
statement
signed
by
the
-
ANSAgent
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?
-
ANSIntermediate
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?
-
ANSSocial
Security
Disability
Field
underwriting
by
a
producer
-
ANSmay
result
in
the
disclosure
of
hazardous
activities
of
the
applicant
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