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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Products and Provisions | 30% | - Types of Life Insurance Policies
|
| Topic 2: Insurance Regulation and General Principles | 20% | - Insurance Concepts
|
| Topic 3: Underwriting, Marketing and Sales Practices | 15% | - Sales and Customer Service
|
| Topic 4: Accident and Health Insurance | 35% | - Health Insurance Basics
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
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.
Correct Answer: C 🗳️
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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.
Correct Answer: A 🗳️
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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.
Correct Answer: B 🗳️
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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.
Correct Answer: C 🗳️
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.
Correct Answer: B 🗳️
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