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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Principles | 15-20% | - Agent/broker duties and ethics - Insurance contract fundamentals - Underwriting principles - Ethical sales practices - Fair claims settlement practices |
| Topic 2: New York State Regulations | 20-25% | - Licensing requirements and procedures - Fiduciary responsibilities - Advertising regulations - NYS Insurance Law requirements - Replacement and churn rules - Consumer protection regulations |
| Topic 3: Accident and Health Insurance | 25-30% | - Disability income insurance - Medical expense coverage - Long-term care insurance basics - Major medical coverage - Health insurance policy types (individual, group, HMOs) - Dental and vision insurance basics |
| Topic 4: Life Insurance Fundamentals | 25-30% | - Policy types and provisions - Policy riders and endorsements - Dividends and nonforfeiture options - Beneficiary designations - Policy reinstatement |
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. In reference to life insurance in contract law, a person MOST likely will have an insurable interest in insuring a person ' s life if
A) any type of distant family relationship exists with the insured party.
B) the interest exists at the time of application.
C) the interest exists at the time of death.
D) any type of business relationship exists between the insured party and the beneficiary.
2. Which of the following is a basic benefit of Medicare Supplemental insurance?
A) Preventive care.
B) First 3 pints of blood each year.
C) At-home recovery.
D) Basic drugs limit of $1,250.
3. A common disaster clause states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the
A) insured individual outlived the beneficiary.
B) beneficiary was never named on the policy.
C) beneficiary and the insured individual died simultaneously.
D) beneficiary outlived the insured individual.
4. With respect to a life settlement contract, no person shall directly or indirectly pay a referral or finders fee to any person other than the
A) owner ' s physician.
B) insurance consultant.
C) owner ' s accountant.
D) life settlement broker.
5. Some states have laws ensuring that health insurance coverages are available at a reasonable cost and under reasonable conditions for small employers. Small employers are defined as having no more than
A) 200 employees.
B) 75 employees.
C) 150 employees.
D) 100 employees.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |




