Insurance Licensing NY-Life-Accident-and-Health Questions & Answers - in .pdf
- Vendor: Insurance Licensing
- Exam Code: NY-Life-Accident-and-Health
- Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55
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- Vendor: Insurance Licensing
- Exam Code: NY-Life-Accident-and-Health
- Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55
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.Insurance Licensing NY-Life-Accident-and-Health Exam Overview:
| Certification Vendor: | New York State Department of Financial Services |
| Exam Name: | New York Life, Accident and Health Insurance Agent/Broker Examination |
| Exam Number: | Series 17-55 / NY-Life-Accident-and-Health |
| Related Certifications: | Series 17-51 (Life Insurance) Series 17-52 (Accident and Health Insurance) |
| Exam Format: | Multiple Choice, Scored + Unscored Questions |
| Exam Price: | $75 USD |
| Exam Duration: | 150 minutes |
| Real Exam Qty: | 150 |
| Certificate Validity Period: | 2 years (renewable) |
| Passing Score: | 70% |
| Available Languages: | English, Spanish |
| Recommended Training: | New York DFS Approved Pre-Licensing Courses |
| Exam Registration: | PSI Services (Official Exam Provider) |
| Sample Questions: | Insurance Licensing NY-Life-Accident-and-Health Sample Questions |
| Exam Way: | In-person at PSI test centers / Online remote proctored |
| Pre Condition: | Minimum age 18; complete approved pre-licensing education (40 hours); background check |
| Official Syllabus URL: | https://www.dfs.ny.gov/licensing/insurance_licensing |
Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Underwriting, Marketing and Sales Practices | 15% | - Sales and Customer Service
|
| Topic 2: Insurance Regulation and General Principles | 20% | - New York Insurance Code and Laws
|
| Topic 3: Accident and Health Insurance | 35% | - Health Insurance Basics
|
| Topic 4: Life Insurance Products and Provisions | 30% | - Types of Life Insurance Policies
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. Which of the following is described when a selected group of practitioners, in a certain area, agrees to provide services at a pre-arranged cost on a fee-for-service basis?
A) indemnity organization
B) preferred provider organization
C) risk purchasing group
D) coalition group
2. Which of the following is a Health Insurance Policy where the insurer has the right to change the premiums for policyowners, but CANNOT cancel the policy?
A) A conditionally renewable policy.
B) An optionally renewable policy.
C) A noncancellable policy.
D) A guaranteed renewable policy.
3. If a policyowner surrenders a policy for its cash value, when is a tax liability incurred?
A) The cash value is less than premiums paid.
B) The policy is transferred to a third party.
C) The policy is exchanged for a policy of equal value.
D) The cash value exceeds all premiums paid.
4. The statement, " Any person who knowingly and with intent to defraud any insurer or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty... " MUST appear in all New York
A) insurance documents distributed to the general public.
B) insurance communications with consumers.
C) applications for insurance and on all claim forms.
D) applications for credit.
5. Which of the following groups is NOT eligible for the Healthy New York Program?
A) Working uninsured
B) Small employers
C) Sole proprietors
D) Large employers
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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