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

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

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


2. An insurer monitors the care an insured is receiving in the hospital to be sure that everything is proceeding according to schedule. This BEST describes

A) concurrent review.
B) claims adjudication.
C) precertification authorization.
D) benefit checking.


3. With regard to Disability Insurance, the waiting period is to

A) accurately calculate medical expenses.
B) determine severity of illness.
C) determine policyowner ' s eligibility.
D) exclude payments for a short-term illness.


4. Which approach considers the future needs of the survivors in determining amounts of life insurance?

A) Living Benefits Approach.
B) Cost Comparison Approach.
C) Human Life Value Approach.
D) Needs Approach.


5. Which of the following CORRECTLY identifies the favorable income tax treatment afforded to annuities?

A) Annual earnings are partially income tax deductible.
B) Gains are taxed only on distribution.
C) The entire distribution is taxed at the owner ' s rate of taxation.
D) Annual earnings are partially income tax exempt.


Solutions:

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

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