Study guides, Class notes & Summaries

NY Series 17-52 Questions and Answers 100% Pass How many eligible employees must be included in a contributory health insurance plan? - Answer ️️ -50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim, - Answer ️️ -The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COB...

New York Accident & Health Insurance Adjuster Latest 2024 Graded A+ The New York Superintendent of Insurance is - Answer ️️ -Appointed by the governor of New York The primary responsibility of the Superintendent of Insurance is - Answer ️️ -Enforcing the state insurance laws and regulations. An independent adjuster - Answer ️️ -A person who acts on behalf of an insurer in investigating and adjusting claims and/ or performing any duties required by the insurer. A public adjust...

New York Insurance Laws Questions and Answers Rated A The time limit on certain defenses under individual health policies in New York is: A 20 days B 3 years C 90 days D 2 years - Answer ️️ -D 2 years The Superintendent may examine the books and records of any insurer based on the: A Permission of a producer B Authority granted by the state C Authority granted by the Secretary of State D Permission of the insurer - Answer ️️ -B Authority granted by the state If a li...

New York Life Insurance Questions and Answers Already Passed Accelerated Benefits - Answer ️️ -Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - Answer ️️ -A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - Answer ️️ -An insurance policy that provides ...

NYS Life, accident, and health insurance Exam Already Passed Which type of life insurance policy is best suited for paying off the outstanding balance of a 30- year mortgage in the event of the insured's death? - Answer ️️ -30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - Answer ️️ -30 A signed good health statement may be requested by a life producer at the time of - Answer ️️ -Policy Delivery Carol purchases ...

New York State Property and Casualty Licensing Exam Questions and Answers Graded A+ Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Answer ️️ -Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability - Answer ️️ -...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass Dram Shop Liability refers to: - Answer ️️ -Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - Answer ️️ -Neglect. To be eligible for the New York assigned risk auto plan a person must: - Answer...

NY License Exam - New York General Insurance Laws Questions and Answers Rated A The Superintendent is the head of the Department of Insurance in New York. The _______ appoints the Superintendent to a four-year term. - Answer ️️ -governor If the Superintendent requests information during an examination or investigation and a person does not respond within ____ days, he or she may impose a penalty of up to $500 per day (not more than $10,000 total) for each day the person fails to respon...

NY state insurance license practice exam questions/answers with verified solutions Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary - Answer ️️ -3. When not prohibited by state law Which of the following accurately describes the "time limit on certain defense...