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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
Underwriting, Marketing and Sales Practices15%- Application and Underwriting Procedures
  • 1. Risk Classification and Selection
    - Sales and Customer Service
    • 1. Suitability and Disclosure Requirements
      Accident and Health Insurance35%- Health Insurance Basics
      • 1. Medical Expense and Disability Income
        • 2. Group vs Individual Coverage
          - Policy Provisions and Claims
          • 1. Coordination of Benefits
            • 2. Eligibility and Enrollment
              - Government Health Programs
              • 1. New York State Specific Programs
                • 2. Medicare and Medicaid
                  Insurance Regulation and General Principles20%- Insurance Concepts
                  • 1. Contract Law and Policy Structure
                    • 2. Risk Management and Insurable Interest
                      - New York Insurance Code and Laws
                      • 1. Producer Responsibilities and Ethics
                        • 2. Licensing Requirements and Procedures
                          • 3. Unfair Trade Practices
                            Life Insurance Products and Provisions30%- Types of Life Insurance Policies
                            • 1. Term, Whole Life, Universal Life
                              • 2. Annuities and Retirement Products
                                - Policy Provisions, Riders and Options
                                • 1. Non-forfeiture Values and Dividends
                                  • 2. Beneficiary Designations

                                    Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:

                                    1. Insurance is defined as what type of risk?

                                    A) Physical
                                    B) Legal
                                    C) Speculative
                                    D) Pure


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

                                    A) Alternative Medicine.
                                    B) Laboratory Services.
                                    C) Maternity and Newborn Care.
                                    D) Emergency Services.


                                    3. Mortality is based on a large risk pool of

                                    A) people and time.
                                    B) income and time.
                                    C) family history and hobbies.
                                    D) geographic area and time.


                                    4. Who would NOT be covered under an additional insured rider attached to a life insurance policy?

                                    A) Employees.
                                    B) A spouse.
                                    C) Dependent parents.
                                    D) Minor children.


                                    5. Which of the following statements is TRUE regarding a waiver of premium rider?

                                    A) The insured will automatically become eligible for accelerated death benefits.
                                    B) The policy ' s cash value will continue to grow, but at a slower rate because the insured is no longer paying premiums.
                                    C) The death benefit will be reduced by the amount of the unpaid premiums.
                                    D) There will be no change in the policy other than the insured no longer has to pay the premiums on the policy.


                                    Solutions:

                                    Question # 1
                                    Answer: D
                                    Question # 2
                                    Answer: A
                                    Question # 3
                                    Answer: A
                                    Question # 4
                                    Answer: A
                                    Question # 5
                                    Answer: D

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