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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. Medicaid provides which coverage that Medicare does NOT?
A) ambulance services
B) custodial care
C) inpatient hospital services
D) inpatient psychiatric care
2. Which of the following is a potential DISADVANTAGE of a fixed annuity?
A) Payments continue only for a maximum of 2 years after the annuitant ' s death.
B) The insured invests payments in variable securities, and the return fluctuates with an uncertain economic market.
C) There is no guaranteed specific benefit amount to the annuitant.
D) Annuitants could experience a decrease in the purchasing power of their payments over a period of years due to inflation.
3. HICs usually structure copayments to discourage:
A) Outpatient X-rays
B) Preventive care
C) Non-emergency visits to the emergency room
D) Prescription drug usage
4. What is an insurer ' s liability when it is discovered after an insured dies that the insured ' s age on the policy was misstated?
A) The insurer must pay a prorated amount of the policy based on the amount of insurance the insured ' s premiums would have bought if purchased at the correct age.
B) The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.
C) The insurer must pay the full amount of the policy, minus any additional premiums the insurance company would have paid based on the insured ' s actual age.
D) The insurer is not liable to pay any amount due to the insured ' s misstatement of age.
5. In health insurance policies, the reinstatement provision is
A) optional.
B) elective.
C) mandatory.
D) not required.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |







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