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Study Guide for NYS Life Insurance Agent Exam 17-51 Questions and Complete Answers Graded A+.
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Study Guide for NYS Life Insurance Agent Exam 17-51 Questions and Complete Answers Graded A+.
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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
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