Online Access Free NY-Life-Accident-and-Health Exam Questions

Which statement is NOT a characteristic of a Group Life Insurance Plan?

• A.Certificate of Insurance.
• B.Individual underwriting.
• C.Probationary periods.
• D.A master contract.

Which of the following Long Term Disability clauses states that insureds are considered totally disabled when they CANNOT perform the major duties of a gainful occupation for which they are reasonably suited because of education, training, or experience?

• A.Presumptive disability clause.
• B.Partial disability clause.
• C.Regular occupation clause.
• D.Any occupation clause.

Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?

• A.Dual capacity.
• B.Joint.
• C.Spousal.
• D.Survivorship.

A whole life policy is replaced with an annuity without incurring a tax penalty. This is referred to as

• A.a Transfer of Value.
• B.a 1035 Exchange.
• C.an Endowment Contract.
• D.a Cross-Purchase Plan.

Which of the following is described when a selected group of practitioners, in a certain area, agrees to provide services at a pre-arranged cost on a fee-for-service basis?

• A.indemnity organization
• B.coalition group
• C.risk purchasing group
• D.preferred provider organization