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

SectionWeightObjectives
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
              Underwriting, Marketing and Sales Practices15%- Application and Underwriting Procedures
              • 1. Risk Classification and Selection
                - Sales and Customer Service
                • 1. Suitability and Disclosure Requirements
                  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:

                                    Insurance is defined as what type of risk?

                                    • A. Physical
                                    • B. Legal
                                    • C. Speculative
                                    • D. Pure
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                                    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.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                                    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.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                                    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.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

                                    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.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

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