Ny series - Study guides, Class notes & Summaries

NYS Life, accident, and health insurance Exam (NY series 17-55) 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? - CORRECT ANSWER-30- year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - CORRECT ANSWER-30 A signed good health statement may be requested by a life producer at the time of - CORRECT ANSWER-Policy Delivery Carol pur...

PSI - NY Life, Accident and Health Practice Exam (NY series 17-55) 100% scores Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - CORRECT ANSWER-Free Look When will a policy pay on a UCR basis? - CORRECT ANSWER-When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expe...

Accident and Health Insurance Agent/Practice Exam (NY Series 17-52) Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the future 2.Yes, however; she would have a permanent premium penalty when she does enroll 3.No, this is a take or leave it situat...

Accident and Health Insurance Agent/Practice Exam (NY Series 17-52) Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the future 2.Yes, however; she would have a permanent premium penalty when she does enroll 3.No, this is a take or leave it situat...

NY Series 17-52: Questions With Complete Answers

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55

PSI - NY Life, Accident and Health Practice Exam (NY series 17-55) 100% scores Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - CORRECT ANSWER-Free Look When will a policy pay on a UCR basis? - CORRECT ANSWER-When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expe...

NY Series 17-52 Questions and Answers Graded A+ How many eligible employees must be included in a contributory health insurance plan? 50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim, The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COBRA? 36 months Twenty-five days af...

NYS Life, accident, and health insurance Exam (NY series 17-55) 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? - CORRECT ANSWER-30- year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - CORRECT ANSWER-30 A signed good health statement may be requested by a life producer at the time of - CORRECT ANSWER-Policy Delivery Carol pur...