Insurance Licensing : NY-Life-Accident-and-Health Questions & Answers

Updated: Oct 09, 2026

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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:

SectionObjectives
Topic 1: State Regulations (New York)- Ethics and compliance
  • 1. Producer responsibilities and conduct
    • 2. Unfair trade practices
      - Licensing requirements
      • 1. Application and background checks
        • 2. Pre-licensing education requirements
          Topic 2: Insurance Fundamentals- Principles of insurance and risk management
          • 1. Risk classification and pooling of risk
            • 2. Insurable interest and indemnity concepts
              - Insurance contract law basics
              • 1. Policy provisions and clauses
                • 2. Elements of a valid contract
                  Topic 3: Accident and Health Insurance- Policy features and provisions
                  • 1. Coordination of benefits
                    • 2. Elimination periods and benefit limits
                      - Health insurance products
                      • 1. Hospital and medical expense coverage
                        • 2. Disability income insurance

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

                          Question #1

                          An insured individual purchases a disability policy with a waiver of premium rider on January 1. The individual is disabled on June 1. On July 1, he receives proof of permanent and total disability, and submits a claim. He begins receiving benefits on July 15. When are his premiums waived?

                          • A. January 1
                          • B. June 1
                          • C. July 15
                          • D. July 1
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                          Correct Answer: B  🗳️

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                          Question #2

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

                          • A. The policy is transferred to a third party.
                          • B. The cash value is less than premiums paid.
                          • C. The policy is exchanged for a policy of equal value.
                          • D. The cash value exceeds all premiums paid.
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                          Correct Answer: D  🗳️

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                          Question #3

                          In reference to life insurance in contract law, a person MOST likely will have an insurable interest in insuring a person ' s life if

                          • A. any type of business relationship exists between the insured party and the beneficiary.
                          • B. the interest exists at the time of death.
                          • C. any type of distant family relationship exists with the insured party.
                          • D. the interest exists at the time of application.
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                          Correct Answer: D  🗳️

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                          Question #4

                          A Section 457 Deferred Compensation plan is provided specifically for employees of

                          • A. states, counties, or municipalities.
                          • B. non-profit organizations.
                          • C. sole proprietorships.
                          • D. religious organizations.
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                          Correct Answer: A  🗳️

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                          Question #5

                          Which of the following producers, who have been licensed for a full biennial period, MUST complete continuing education requirements as a condition of renewing a license in New York?

                          • A. Travel accident agents
                          • B. Baggage agents
                          • C. Personal Lines agents
                          • D. Independent adjusters
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

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