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

SectionWeightObjectives
Topic 1: General Insurance Principles15-20%- Agent/broker duties and ethics
- Ethical sales practices
- Insurance contract fundamentals
- Underwriting principles
- Fair claims settlement practices
Topic 2: Life Insurance Fundamentals25-30%- Dividends and nonforfeiture options
- Policy reinstatement
- Policy types and provisions
- Beneficiary designations
- Policy riders and endorsements
Topic 3: New York State Regulations20-25%- Licensing requirements and procedures
- Advertising regulations
- Replacement and churn rules
- Consumer protection regulations
- NYS Insurance Law requirements
- Fiduciary responsibilities
Topic 4: Accident and Health Insurance25-30%- Medical expense coverage
- Dental and vision insurance basics
- Disability income insurance
- Long-term care insurance basics
- Major medical coverage
- Health insurance policy types (individual, group, HMOs)

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

1. Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?

A) Survivorship.
B) Dual capacity.
C) Joint.
D) Spousal.


2. An insured owns a whole life policy that has accumulated cash value. Which of the following statements is true about the policy ' s cash value?

A) The cash value is not guaranteed.
B) It is subject to fluctuations of the company ' s overall performance.
C) The growth of the policy ' s cash value is not subject to income tax while the policy is in force.
D) The policy ' s cash value is viewed as investment growth and therefore subject to taxation for each calendar year.


3. A 65-year-old employee who works for an employer with 24 employees is disabled on the job. The employee has fully recovered and returned to work. Which health coverage is primary?

A) Medicaid
B) his employer ' s group plan
C) workers ' compensation
D) an individual plan


4. The general enrollment period for Medicare Part B ends on

A) May 31.
B) December 31.
C) June 30.
D) March 31.


5. If a mother and child are without life insurance, what is the MAXIMUM amount of insurance the mother can purchase on the life of her dependent 5-year-old daughter?

A) $25,000
B) There is no limit
C) $10,000
D) $50,000


Solutions:

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

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