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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. Which type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured ' s other health insurance?
A) Hospital indemnity.
B) Blanket.
C) Limited-amount per diem.
D) Medigap.
2. A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
A) be paid to the policyowner in cash.
B) accumulate without interest.
C) reduce the policy premium.
D) purchase additional insurance protection.
3. Which of the following statements BEST describes a disability elimination period?
A) A dollar deductible rather than a time deductible.
B) A time deductible rather than a dollar deductible.
C) A benefit or utilization period.
D) A qualifying period.
4. Which of the following is described when a selected group of practitioners, in a certain area, agrees to provide services at a pre-arranged cost on a fee-for-service basis?
A) preferred provider organization
B) coalition group
C) indemnity organization
D) risk purchasing group
5. Which of the following actions is NOT considered the Business of Life Settlements?
A) Soliciting a life settlement contract from out of state.
B) Issuing a life settlement contract by mail.
C) Negotiating a life settlement contract through a life settlement broker.
D) Assigning a life settlement contract as a collateral loan.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |


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