NY-Life-Accident-and-Health by Insurance Licensing Actual Free Exam Questions And Answers

Question 1

Someone who sells, solicits, or negotiates insurance contracts for compensation is called

A. an independent insurance adjuster.

B. an insurance producer.

C. a life insurer.

D. an insurance adviser.

Discussion 0

Correct Answer: B Vote an answer

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Question 2

Which of the following is NOT an Essential Health Benefit Category under the Affordable Care Act?

A. Maternity and Newborn Care.

B. Emergency Services.

C. Alternative Medicine.

D. Laboratory Services.

Discussion 0

Correct Answer: C Vote an answer

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Question 3

A policyowner suffers an injury that renders him incapable of performing one or more important job duties.
Any decrease in income resulting from his injury would make him eligible for benefits under which provision?

A. Partial disability.

B. Presumptive disability.

C. Nondisabling injury.

D. Flat amount disability.

Discussion 0

Correct Answer: A Vote an answer

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Question 4

Under the Affordable Care Act, insurer may refuse to accept an internal appeal on a denied claim if

A. the insured is unable to pay an appeal fee.

B. the claim is under $500.

C. the appeal is filed more than 180 days after the claim denial.

D. the insured has submitted three appeals within the calendar year.

Discussion 0

Correct Answer: C Vote an answer

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Question 5

The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include

A. treatment provided in a government hospital.

B. replacing HMO coverage.

C. Medicare in-hospital deductible.

D. covering chiropractic treatment.

Discussion 0

Correct Answer: C Vote an answer

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Question 6

Penalties that may be levied by the Department of Insurance for committing insurance fraud do NOT include

A. fines.

B. license revocation.

C. probation.

D. license suspension.

Discussion 0

Correct Answer: C Vote an answer

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Question 7

Which of the following statements BEST describes a disability elimination period?

A. A time deductible rather than a dollar deductible.

B. A dollar deductible rather than a time deductible.

C. A qualifying period.

D. A benefit or utilization period.

Discussion 0

Correct Answer: A Vote an answer

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Question 8

The insured ' s long-term care insurance policy will refund a portion of the premium if they die during the term of the policy. This is because the policy has a

A. waiver of premium benefit.

B. cash surrender value option.

C. reduced paid-up option.

D. return of premium benefit.

Discussion 0

Correct Answer: D Vote an answer

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Question 9

Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?

A. Joint.

B. Dual capacity.

C. Spousal.

D. Survivorship.

Discussion 0

Correct Answer: A Vote an answer

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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 - NY-Life-Accident-and-Health Exam Practice Test

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