NY Series 17-52 Exam Questions and Answers 100% Correct
Question : How many eligible employees must be included in
a contributory health insurance plan?
Correct answer: 50%
Question : A man works for Company A and his wife works
for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim,
Correct answer: The insurance through his company is
primary.
Question : What is the period of coverage for events such as
death or divorce under COBRA?
Correct answer: 36 months
Question : Twenty-five days after a health insurance policy is
delivered, the policyowner decides that she would like to return the policy and receive a refund of premium. Which of the following is true?
Correct answer: The policyowner will not receive a refund
because the free-look period is over.
Question : An insured is involved in a car accident. In
addition to general, less serious injuries, he permanently loses the use of his leg and is rendered completely blind. The blindness improves a month later. To what extent will he receive Presumptive Disability benefits?
Correct answer: No benefits
Question : For the purpose of insurance, risk is defined as
Correct answer: The uncertainty or chance of loss.
Question : Which of the following is an example of a
producer's fiduciary duty?
Correct answer: The trust that a client places in the producer
in regard to handling premiums.
Question : Which of the following is NOT true of basic
medical expense plans?
Correct answer: Coverage for catastrophic medical expenses
Question : Which of the following is NOT a feature of a
noncancellable policy?
Correct answer: The insurer may terminate the contract only
at renewal for certain conditions.
Question : What is the best way to change an application?
Correct answer: Start over with a fresh application
Question : On a major medical insurance policy, the amount
that an insured must pay on a claim before the insurer will pay is known as
Correct answer: Deductible.
Question : Which of the following is correct about a group
health insurance policy issued in New York?
Correct answer: It cannot exclude newborn children from
coverage.
Question : Which of the following is NOT a characteristic of
a group long-term disability plan?
Correct answer: The benefit can be up to 50% of one's yearly
income.
Question : In which Medicare supplemental policies are the
core benefits found?
Correct answer: All plans
Question : When benefits are paid directly to the insured
under a health insurance policy, the policy provides benefits on what type of basis?
Correct answer: Reimbursement
Question : If an employee terminates her employment, which
of the following provisions would allow her to continue health coverage under an individual policy, if requested within 60 days?
