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

NY-Life-Accident-and-Health Exam Questions
  • Exam Code: NY-Life-Accident-and-Health
  • Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55
  • Updated: Oct 05, 2026
  • Q & A: 122 Questions and Answers
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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:

SectionWeightObjectives
General Insurance Principles15-20%- Underwriting principles
- Fair claims settlement practices
- Ethical sales practices
- Agent/broker duties and ethics
- Insurance contract fundamentals
Accident and Health Insurance25-30%- Major medical coverage
- Health insurance policy types (individual, group, HMOs)
- Long-term care insurance basics
- Dental and vision insurance basics
- Medical expense coverage
- Disability income insurance
New York State Regulations20-25%- Fiduciary responsibilities
- Replacement and churn rules
- Consumer protection regulations
- Licensing requirements and procedures
- NYS Insurance Law requirements
- Advertising regulations
Life Insurance Fundamentals25-30%- Policy riders and endorsements
- Policy reinstatement
- Dividends and nonforfeiture options
- Beneficiary designations
- Policy types and provisions

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

Correct Answer: C  🗳️

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Question #2

Which of the following statements BEST describes a disability elimination period?

  • A. A qualifying period.
  • B. A time deductible rather than a dollar deductible.
  • C. A dollar deductible rather than a time deductible.
  • D. A benefit or utilization period.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

In accidental injury insurance, the insurance policy, the endorsements, and any relevant papers attached to the policy make up the:

  • A. Uniform mandatory policy provisions
  • B. Completed application
  • C. Entire contract
  • D. Notice of coverage
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include

  • A. treatment provided in a government hospital.
  • B. covering chiropractic treatment.
  • C. Medicare in-hospital deductible.
  • D. replacing HMO coverage.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

If a policyowner surrenders a policy for its cash value, when is a tax liability incurred?

  • A. The policy is exchanged for a policy of equal value.
  • B. The cash value exceeds all premiums paid.
  • C. The policy is transferred to a third party.
  • D. The cash value is less than premiums paid.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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