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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. The policy provision describing the responsibilities of the master policyowner is in
A) individual medical policies.
B) individual health policies.
C) certificate of coverage.
D) group health policies.
2. When marketing to groups for health insurance, who should be issued a certificate as proof of coverage?
A) Employee
B) HMO
C) Sponsor
D) Employer
3. Which premium payment mode typically results in the lowest overall cost for a life insurance policy?
A) Annually
B) Semi-Annually
C) Quarterly
D) Monthly
4. With regard to Disability Insurance, the waiting period is to
A) determine policyowner ' s eligibility.
B) determine severity of illness.
C) accurately calculate medical expenses.
D) exclude payments for a short-term illness.
5. 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 policy ' s cash value is viewed as investment growth and therefore subject to taxation for each calendar year.
B) It is subject to fluctuations of the company ' s overall performance.
C) The cash value is not guaranteed.
D) The growth of the policy ' s cash value is not subject to income tax while the policy is in force.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
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