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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. The insured, who is 59 years of age decides to replace a long-term care policy they had for five years for a new policy. Which of the following is true of the insurer?
A) The replacement insurer will not honor previous exclusions that had previously been satisfied under the original policy.
B) The replacement insurer will waive probationary periods pertaining to preexisting conditions satisfied under the original policy.
C) The replacement insurer will impose new probationary period and preexisting condition limitations.
D) The original insurer will reimburse benefit dollars not used under the original policy period.
2. What information must be included in the statement accompanying an insurance claim payment made by an insurer?
A) The coverage under which the payment is being made
B) A list of all claimants involved
C) The agent ' s name and address
D) The reinsurance carrier involved
3. When a buyer is considering a long-term care policy, they are encouraged to review carefully all policy
A) carriers.
B) limitations.
C) agents.
D) facilities.
4. Which premium payment mode typically results in the lowest overall cost for a life insurance policy?
A) Annually
B) Quarterly
C) Semi-Annually
D) Monthly
5. The following statement refers to which type of clause? "We have issued the policy in consideration of the representations in your application and payment of the first-term premium."
A) A concealment clause.
B) A contestability clause.
C) A consideration clause.
D) A whole contract clause.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
By Caesar
