- Exam Code: NY-Life-Accident-and-Health
- Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55
- Certification Provider: Insurance Licensing
- Corresponding Certification:Life, Accident, and Health
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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Principles | 15-20% | - Fair claims settlement practices - Insurance contract fundamentals - Ethical sales practices - Underwriting principles - Agent/broker duties and ethics |
| Topic 2: Accident and Health Insurance | 25-30% | - Disability income insurance - Long-term care insurance basics - Medical expense coverage - Major medical coverage - Health insurance policy types (individual, group, HMOs) - Dental and vision insurance basics |
| Topic 3: New York State Regulations | 20-25% | - Replacement and churn rules - Fiduciary responsibilities - Licensing requirements and procedures - Advertising regulations - NYS Insurance Law requirements - Consumer protection regulations |
| Topic 4: Life Insurance Fundamentals | 25-30% | - Policy riders and endorsements - Beneficiary designations - Policy types and provisions - Dividends and nonforfeiture options - Policy reinstatement |
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
An annuity product linked to a market-related rate of return is called
- A. a tax-sheltered annuity.
- B. an indexed annuity.
- C. a fixed annuity.
- D. a deferred annuity.
Correct Answer: B 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?
- A. Pay the insured ' s premiums if they are unable to do so.
- B. Notify the insurance department when claims are paid.
- C. Help the insured file and follow up on claims.
- D. Work with rating bureaus to establish insurer ratings.
Correct Answer: C 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
An insured individual purchases a disability policy with a waiver of premium rider on January 1. The individual is disabled on June 1. On July 1, he receives proof of permanent and total disability, and submits a claim. He begins receiving benefits on July 15. When are his premiums waived?
- A. July 15
- B. January 1
- C. July 1
- D. June 1
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
When marketing to groups for health insurance, who should be issued a certificate as proof of coverage?
- A. HMO
- B. Sponsor
- C. Employer
- D. Employee
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
Which of the following statements BEST describes a disability elimination period?
- A. A dollar deductible rather than a time deductible.
- B. A time deductible rather than a dollar deductible.
- C. A benefit or utilization period.
- D. A qualifying period.
Correct Answer: B 🗳️
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