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| Section | Weight | Objectives |
|---|---|---|
| General Insurance Principles | 15-20% | - Underwriting principles - Fair claims settlement practices - Ethical sales practices - Agent/broker duties and ethics - Insurance contract fundamentals |
| Accident and Health Insurance | 25-30% | - 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 Regulations | 20-25% | - Fiduciary responsibilities - Replacement and churn rules - Consumer protection regulations - Licensing requirements and procedures - NYS Insurance Law requirements - Advertising regulations |
| Life Insurance Fundamentals | 25-30% | - Policy riders and endorsements - Policy reinstatement - Dividends and nonforfeiture options - Beneficiary designations - Policy types and provisions |
A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
Correct Answer: C 🗳️
Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).
Which of the following statements BEST describes a disability elimination period?
Correct Answer: B 🗳️
In accidental injury insurance, the insurance policy, the endorsements, and any relevant papers attached to the policy make up the:
Correct Answer: C 🗳️
Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).
The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include
Correct Answer: C 🗳️
Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).
If a policyowner surrenders a policy for its cash value, when is a tax liability incurred?
Correct Answer: B 🗳️
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