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| Section | Weight | Objectives |
|---|---|---|
| New York State Regulations | 20-25% | - Licensing requirements and procedures - Replacement and churn rules - Consumer protection regulations - NYS Insurance Law requirements - Fiduciary responsibilities - Advertising regulations |
| Life Insurance Fundamentals | 25-30% | - Policy riders and endorsements - Dividends and nonforfeiture options - Policy types and provisions - Beneficiary designations - Policy reinstatement |
| Accident and Health Insurance | 25-30% | - Major medical coverage - Health insurance policy types (individual, group, HMOs) - Medical expense coverage - Long-term care insurance basics - Dental and vision insurance basics - Disability income insurance |
| General Insurance Principles | 15-20% | - Ethical sales practices - Agent/broker duties and ethics - Fair claims settlement practices - Insurance contract fundamentals - Underwriting principles |
An annuity product linked to a market-related rate of return is called
Correct Answer: B 🗳️
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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?
Correct Answer: D 🗳️
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What is the purpose of the Accelerated Death Benefit Rider?
Correct Answer: D 🗳️
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Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?
Correct Answer: C 🗳️
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If a partner of a company becomes permanently disabled, which type of plan will allow the other partner to acquire the disabled partner's interest in the company?
Correct Answer: A 🗳️
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