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

  • Exam Code: Insurance Licensing
  • Exam Name: New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55
  • Updated: Oct 05, 2026
  • Q & A: 122 Questions and Answers

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

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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
SectionWeightObjectives
New York State Regulations20-25%- Licensing requirements and procedures
- Replacement and churn rules
- Consumer protection regulations
- NYS Insurance Law requirements
- Fiduciary responsibilities
- Advertising regulations
Life Insurance Fundamentals25-30%- Policy riders and endorsements
- Dividends and nonforfeiture options
- Policy types and provisions
- Beneficiary designations
- Policy reinstatement
Accident and Health Insurance25-30%- 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 Principles15-20%- Ethical sales practices
- Agent/broker duties and ethics
- Fair claims settlement practices
- Insurance contract fundamentals
- Underwriting principles
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
Question #1

An annuity product linked to a market-related rate of return is called

  • A. a fixed annuity.
  • B. an indexed annuity.
  • C. a tax-sheltered annuity.
  • D. a deferred annuity.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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. July 15
  • C. July 1
  • D. June 1
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

What is the purpose of the Accelerated Death Benefit Rider?

  • A. To decrease the tax liability of the insured ' s estate.
  • B. To increase the death benefit by a stated percentage.
  • C. To adjust the death benefit to keep up with inflation.
  • D. To provide for the early payment of the death benefit for a terminally ill insured.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

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. Spousal.
  • C. Joint.
  • D. Survivorship.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

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?

  • A. disability buy-sell agreement
  • B. business disability overhead expense
  • C. long term disability
  • D. employee disability coverage
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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