New York Life, Accident And Health Insurance Exam 150 Questions And Answers
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Terms in this set
150
According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan?
March 23, 2010
Which of these factors help determine an insured's life insurance premium?
avocation (hobby)
Long-Term Care policies may provide coverage for claims arising from
senile dementia
When replacing a life insurance policy, an agent must provide the applicant with a
Notice Regarding Replacement
All of the following are considered appropriate uses of life insurance for business purposes EXCEPT
Protecting the business by covering entry level employees with life insurance
All of these are characteristics of a major medical expense policy EXCEPT
elimination periods
A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)
association or labor group
An insurance company that has qualified and received a Certificate of Authority from the Superintendent to sell insurance in this state is called a(n)
admitted insurer
In New York, an agent may have his/her license revoked for which of the following acts?
Failure to pay state income tax
As classified by the Affordable Care Act (ACA), a Silver Plan offers
70% actuarial level of coverage provided