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

SectionWeightObjectives
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
          Accident and Health Insurance35%- 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
                  - Health Insurance Basics
                  • 1. Group vs Individual Coverage
                    • 2. Medical Expense and Disability Income
                      Insurance Regulation and General Principles20%- New York Insurance Code and Laws
                      • 1. Licensing Requirements and Procedures
                        • 2. Unfair Trade Practices
                          • 3. Producer Responsibilities and Ethics
                            - Insurance Concepts
                            • 1. Contract Law and Policy Structure
                              • 2. Risk Management and Insurable Interest
                                Underwriting, Marketing and Sales Practices15%- Application and Underwriting Procedures
                                • 1. Risk Classification and Selection
                                  - Sales and Customer Service
                                  • 1. Suitability and Disclosure Requirements

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

                                    An insured individual who has been diagnosed with osteoporosis needs therapy in her home. Which type of long-term care benefit would be MOST appropriate for her?

                                    • A. Skilled nursing care.
                                    • B. Adult day care.
                                    • C. Home health care.
                                    • D. Intermediate care.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

                                    Which of the following is a characteristic of level premium term life insurance?

                                    • A. It matches the level amount of protection on the insured ' s life expectancy.
                                    • B. It provides for lower benefits.
                                    • C. It can be used for cash value.
                                    • D. The cost of insurance is averaged throughout the life of the contract.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

                                    The cause of a loss is called

                                    • A. an exposure.
                                    • B. a peril.
                                    • C. a risk.
                                    • D. a hazard.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

                                    Which type of group has a constitution and bylaws, is organized and maintained in good faith for purposes other than obtaining insurance, and has insurance for the purpose of covering members and their employees?

                                    • A. Credit Insurance group.
                                    • B. Employee or individual employer group.
                                    • C. Multiple employer group.
                                    • D. Association or labor group.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

                                    Under Workers ' Compensation, injured employees are covered for all of the following losses EXCEPT

                                    • A. pain and suffering.
                                    • B. occupational illness.
                                    • C. medical expenses.
                                    • D. loss of wages.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

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