NYS Life, accident, and health insurance Study guides, Class notes & Summaries

New York Accident & Health Insurance Updated and Summarized Correct Questions and Answers_100% A+ Excel Agent Licesne - CORRECT ANSWER-Noone can sell insurance without license but you dont need to pass test if you are employees of licesed insurance agent wh do nt solicit, licensed attorneys, actuaries or cpas who provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit society - must be 18, pass 540 hr course - pass state exam - Application must be subm...

NYS Life and Health Insurance Exam Review and Updated Questions and Answers_100% A+ Graded Excel Reciprocal - CORRECT ANSWER-a mutual interchange of rights and privileges Pure Risk - CORRECT ANSWER-An event that offers no possibility of gain; it offers only the chance of a loss or no loss, no gain Speculative Risk - CORRECT ANSWER-Chance of loss or gain Hazards - CORRECT ANSWER-Conditions or situations that increase the probability of an insured loss occurring. Morale Hazard - COR...

New York Life, Accident and Health Insurance Exam_Questions and Answers 100% Already Graded A+ updated According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? - CORRECT ANSWER-March 23, 2010 Which of these factors help determine an insured's life insurance premium? - CORRECT ANSWER-avocation (hobby) Long-Term Care policies may provide coverage for claims arising from - CORRECT ANSWER-senile dementia When replacing a life i...

New York Accident & Health Insurance (The Updated Correct Questions with Answers) 100% A+ Graded Independent Adjuster - CORRECT ANSWER-A person, firm or corporation acts on behalf of an insurer. (For profit) Insurance Company Public Adjuster - CORRECT ANSWER-A person, firm or corporation acts on behalf of an insured. Negotiating certain claims for loss of damage to property. Cancellable Health Insurance - CORRECT ANSWER-Insurance policies provide insurer right to cancel coverage at any ...

New York Life, Accident and Health Insurance Exam With Detailed and Updated Questions and Answers 100% A+ Graded Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - CORRECT ANSWER-An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodil...

Pre-Final Exam - New York Life, Accident and Health_Updated Questions and Answers Already Graded A+ 100% What happens when an initial offer is answered with a counteroffer? - CORRECT ANSWER-Initial offer is void According to the Affordable Care Act (ACA), dependent children may remain on their parent's plan until what age? - CORRECT ANSWER-Age 26 The premiums paid by an employer for his employee's group life insurance are usually considered to be - CORRECT ANSWER-tax-deductible to the...

+ An accident and health policy that provides reimbursement benefits makes them payable to? - CORRECT ANSWER-Insured Which of the following is NOT part of an insurance contract - CORRECT ANSWER-Certificate of Authority -Policy -Application -Riders An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - CORRECT ANSWER-$200 insured only responsible for 20% coins...

NYS Life, accident, and health insurance Exam Final Review Questions and Answers_100% A+ Graded Excel Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? - CORRECT ANSWER-30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - CORRECT ANSWER-30 A signed good health statement may be requested by a life producer at the time of - CORREC...

NYS Life, accident, and health insurance Exam with Questions and simplified Answers that are 100% correct

NYS Life, Accident, And Health Insurance Exam Questions And Answers 2024 Updates