New York Life Insurance Exam Questions and Answers 100% Correct
Question : Under what circumstance does an accident and
health insurer have the right to request an autopsy?
When the claim exceeds an amount specified in the policy
When 2 days have passed after death
When not prohibited by state law
When consent is given by the beneficiary
Correct answer: 3. When not prohibited by state law
Question : Which of the following accurately describes the
"time limit on certain defenses"?
After a stated period of time, claims cannot be denied due to material misrepresentation on the application
All claims can be disputed after two years
An insured cannot file a lawsuit within 90 days of the claim being filed
The right to return an accident and health policy must be within 10 days of policy delivery
Correct answer: 1. After a stated period of time, claims cannot
be denied due to material misrepresentation on the application
Question : Patrick purchased a long-term care policy. He has
a health condition for which medical treatment was recommended by a physician within 6 months prior to the policy's effective date. This condition is called a(n)
antecedent condition
pre-existing condition
hazardous condition
grandfathered condition
Correct answer: 2. pre-existing condition
Question : Which of the following describes coverage for the
Medicare Part B coinsurance?
Only a Long-term care policy will cover Medicare Part B coinsurance
A Medicare Supplement optional benefit
A Medicare Supplement core benefit
Medicare Part B does not require a coinsurance so no additional coverage is needed
Correct answer: 3. A Medicare Supplement core benefit
Question : Larry has a Major Medical Expense policy for his
family with a $1,000 per family/per year deductible and an 80/20 coinsurance provision. If Larry's family files four claims of $400, $800, $100, and $700 in one year, how much will the insurance company pay?
$500
$800
$1,000
$1,200
Correct answer: 2.
800 ( ( 800((
