Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 - testinsides NY-Life-Accident-and-Health dumps

NY-Life-Accident-and-Health real exams

Exam Code: NY-Life-Accident-and-Health

Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55

Updated: Oct 01, 2026

Q & A: 122 Questions and Answers

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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Life Insurance Products and Provisions30%- Types of Life Insurance Policies
  • 1. Term, Whole Life, Universal Life
    • 2. Annuities and Retirement Products
      - Policy Provisions, Riders and Options
      • 1. Beneficiary Designations
        • 2. Non-forfeiture Values and Dividends
          Topic 2: Insurance Regulation and General Principles20%- Insurance Concepts
          • 1. Contract Law and Policy Structure
            • 2. Risk Management and Insurable Interest
              - New York Insurance Code and Laws
              • 1. Producer Responsibilities and Ethics
                • 2. Licensing Requirements and Procedures
                  • 3. Unfair Trade Practices
                    Topic 3: Underwriting, Marketing and Sales Practices15%- Sales and Customer Service
                    • 1. Suitability and Disclosure Requirements
                      - Application and Underwriting Procedures
                      • 1. Risk Classification and Selection
                        Topic 4: Accident and Health Insurance35%- Health Insurance Basics
                        • 1. Group vs Individual Coverage
                          • 2. Medical Expense and Disability Income
                            - Government Health Programs
                            • 1. New York State Specific Programs
                              • 2. Medicare and Medicaid
                                - Policy Provisions and Claims
                                • 1. Eligibility and Enrollment
                                  • 2. Coordination of Benefits

                                    Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:

                                    Question #1

                                    A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT

                                    • A. reduce the policy premium.
                                    • B. purchase additional insurance protection.
                                    • C. accumulate without interest.
                                    • D. be paid to the policyowner in cash.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

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                                    Question #2

                                    In addition to the application, MIB, or consumer reports, underwriters can acquire information from all of the following EXCEPT

                                    • A. genetic testing.
                                    • B. medical questionnaires.
                                    • C. physical examinations.
                                    • D. attending physician statements.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

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                                    Question #3

                                    Which of the following CORRECTLY identifies the favorable income tax treatment afforded to annuities?

                                    • A. Annual earnings are partially income tax exempt.
                                    • B. Gains are taxed only on distribution.
                                    • C. Annual earnings are partially income tax deductible.
                                    • D. The entire distribution is taxed at the owner ' s rate of taxation.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

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                                    Question #4

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

                                    • A. The cash value is paid into the estate.
                                    • B. The cash value is paid to the IRS.
                                    • C. The cash value is paid to the beneficiary.
                                    • D. The company keeps the cash value.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Question #5

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

                                    • A. license revocation.
                                    • B. probation.
                                    • C. fines.
                                    • D. license suspension.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

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