[Q19-Q36] Pass Insurance Licensing NY-Life-Accident-and-Health Exam in First Attempt Guaranteed [Oct-2026]

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Pass Insurance Licensing NY-Life-Accident-and-Health Exam in First Attempt Guaranteed [Oct-2026]

Exam Sure Pass Insurance Licensing Certification with NY-Life-Accident-and-Health exam questions

NEW QUESTION 19
Penalties that may be levied by the Department of Insurance for committing insurance fraud do NOT include

fines.

license revocation.

license suspension.

probation.

NEW QUESTION 20
Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?

Help the insured file and follow up on claims.

Notify the insurance department when claims are paid.

Work with rating bureaus to establish insurer ratings.

Pay the insured ‘ s premiums if they are unable to do so.

NEW QUESTION 21
Sue Ellen is the sister of a licensed New York insurance producer, Frank Gillespie. Frank was recently killed in a car accident and Sue Ellen has been issued a temporary license to run Frank ‘ s agency. For what period of time is the initial temporary license valid?

3 months.

6 months.

1 year.

2 years.

NEW QUESTION 22
Who is the beneficiary of a key person insurance policy?

Employer.

Employee.

Insured ‘ s spouse.

Business partner.

NEW QUESTION 23
The limitation expressed in limited payment policies is a limit on the number of annual premiums or the

maximum amount of benefits payable.

maximum amount available for loan purposes.

minimum interest rate on policy cash values.

age beyond which premiums will no longer be required.

NEW QUESTION 24
In reference to life insurance in contract law, a person MOST likely will have an insurable interest in insuring a person ‘ s life if

the interest exists at the time of death.

the interest exists at the time of application.

any type of distant family relationship exists with the insured party.

any type of business relationship exists between the insured party and the beneficiary.

NEW QUESTION 25
Which of the following is a potential DISADVANTAGE of a fixed annuity?

Annuitants could experience a decrease in the purchasing power of their payments over a period of years due to inflation.

There is no guaranteed specific benefit amount to the annuitant.

The insured invests payments in variable securities, and the return fluctuates with an uncertain economic market.

Payments continue only for a maximum of 2 years after the annuitant ‘ s death.

NEW QUESTION 26
Under the Affordable Care Act, insurers MUST offer plans within health insurance exchanges that meet distinct levels of coverage. What metal tier is REQUIRED to have an actuarial value of 70% with covered individuals paying 30% through deductibles, co-pays, and other cost sharing features?

Gold Plan.

Silver Plan.

Bronze Plan.

Platinum Plan.

NEW QUESTION 27
A Section 457 Deferred Compensation plan is provided specifically for employees of

sole proprietorships.

religious organizations.

non-profit organizations.

states, counties, or municipalities.

NEW QUESTION 28
With regard to Disability Insurance, the waiting period is to

exclude payments for a short-term illness.

determine severity of illness.

accurately calculate medical expenses.

determine policyowner ‘ s eligibility.

NEW QUESTION 29
Which of the following is an example of risk sharing?

choosing not to purchase a car

pooling money to cover malpractice exposures

installing a sprinkler system in a high-rise building

purchasing an insurance policy to cover liability exposures

NEW QUESTION 30
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?

The cash value is paid to the IRS.

The company keeps the cash value.

The cash value is paid into the estate.

The cash value is paid to the beneficiary.

NEW QUESTION 31
The PRIMARY purpose of respite care is to

ensure that the patient gets some skilled care.

provide the patient with social opportunities.

provide counseling services to the patient ‘ s primary caregiver.

provide temporary relief to the patient ‘ s primary caregiver.

NEW QUESTION 32
A company may insure an employee with specialized skills under a key employee disability insurance policy.
Which of the following statements is TRUE?

The business is the applicant.

The employee ‘ s spouse is the beneficiary.

The employee pays the premium.

The employee is the applicant.

NEW QUESTION 33
When a provider does NOT have an agreement with the insurer for payment, they will be reimbursed

an absolute fee.

a relative fee.

a usual, customary, and reasonable fee.

a non-scheduled plan customary fee.

NEW QUESTION 34
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

insured individual outlived the beneficiary.

beneficiary outlived the insured individual.

beneficiary was never named on the policy.

beneficiary and the insured individual died simultaneously.

NEW QUESTION 35
At the time of an insured ‘ s death, a per capita distribution of policy proceeds are paid to

the estate of the deceased beneficiaries.

the primary beneficiary ‘ s children if the primary has predeceased the insured.

all the primary and contingent beneficiaries in equal installments.

the named living primary beneficiaries.

NEW QUESTION 36
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?

The cash value is paid to the beneficiary.

The cash value is paid into the estate.

The cash value is paid to the IRS.

The company keeps the cash value.

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[Q19-Q36] Pass Insurance Licensing NY-Life-Accident-and-Health Exam in First Attempt Guaranteed [Oct-2026]

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