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Insurance Licensing NY-Life-Accident-and-Health Exam Overview:
| Certification Vendor: | New York State Department of Financial Services (NYS DFS) |
| Exam Name: | New York Life, Accident and Health Insurance Agent/Broker Examination |
| Exam Number: | Series 17-55 |
| Available Languages: | English |
| Exam Price: | USD $47-60 |
| Related Certifications: | Property and Casualty Insurance License Variable Life Insurance License |
| Exam Duration: | 120-150 |
| Real Exam Qty: | 150 |
| Exam Format: | Multiple Choice |
| Passing Score: | 70% |
| Certificate Validity Period: | Licenses renewed every 2 years (24 months) |
| Sample Questions: | Insurance Licensing NY-Life-Accident-and-Health Sample Questions |
| Exam Way: | Computer-based testing (CBT) at Pearson VUE testing centers |
| Pre Condition: | Complete 40-hour pre-licensing education course; pass state exam; submit fingerprints for background check |
| Official Syllabus URL: | https://www.dfs.ny.gov/insurance/licensing/life_insurance_agent.htm |
Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Principles | 15-20% | - Fair claims settlement practices - Agent/broker duties and ethics - Ethical sales practices - Insurance contract fundamentals - Underwriting principles |
| New York State Regulations | 20-25% | - Consumer protection regulations - Licensing requirements and procedures - NYS Insurance Law requirements - Fiduciary responsibilities - Advertising regulations - Replacement and churn rules |
| Life Insurance Fundamentals | 25-30% | - Policy reinstatement - Beneficiary designations - Policy riders and endorsements - Dividends and nonforfeiture options - Policy types and provisions |
| Accident and Health Insurance | 25-30% | - Health insurance policy types (individual, group, HMOs) - Dental and vision insurance basics - Long-term care insurance basics - Disability income insurance - Major medical coverage - Medical expense coverage |
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 Daniel
