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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accident and Health Insurance | 25-30% | - Dental and vision insurance basics - Medical expense coverage - Major medical coverage - Health insurance policy types (individual, group, HMOs) - Long-term care insurance basics - Disability income insurance |
| New York State Regulations | 20-25% | - Licensing requirements and procedures - NYS Insurance Law requirements - Replacement and churn rules - Fiduciary responsibilities - Consumer protection regulations - Advertising regulations |
| General Insurance Principles | 15-20% | - Ethical sales practices - Insurance contract fundamentals - Fair claims settlement practices - Agent/broker duties and ethics - Underwriting principles |
| Life Insurance Fundamentals | 25-30% | - Policy riders and endorsements - Dividends and nonforfeiture options - Policy reinstatement - Beneficiary designations - Policy types and provisions |
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. In reference to life insurance in contract law, a person MOST likely will have an insurable interest in insuring a person ' s life if
A) any type of business relationship exists between the insured party and the beneficiary.
B) any type of distant family relationship exists with the insured party.
C) the interest exists at the time of death.
D) the interest exists at the time of application.
2. Insurance that is designed to pay the balance of a loan if the insured dies before the loan has been repaid in full is
A) universal life.
B) whole life.
C) life settlement.
D) credit life.
3. The Group Life Underwriting risk selection process helps protect insurers from
A) adverse selection.
B) risk underwriting.
C) medical underwriting.
D) risk selection.
4. For three weeks next month a company ' s employees will choose to enroll or remain enrolled in their HMO or change health plans. What is this situation called?
A) annual gatekeeper enrollment
B) annual open enrollment
C) employer sponsored health plan
D) coverage authorization period
5. Penalties that may be levied by the Department of Insurance for committing insurance fraud do NOT include
A) probation.
B) license revocation.
C) fines.
D) license suspension.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |


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