NY Series 17-52 Questions and Answers

NY Series 17-52 Questions and Answers

NY Series 17-52 Questions and Answers

How many eligible employees must be included in a contributory health insurance plan?

✔✔50%

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, ✔✔The insurance through his company is primary.

What is the period of coverage for events such as death or divorce under COBRA? ✔✔36

months

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?

✔✔The policyowner will not receive a refund because the free-look period is over.

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? ✔✔No benefits

For the purpose of insurance, risk is defined as ✔✔The uncertainty or chance of loss.

Which of the following is an example of a producer's fiduciary duty? ✔✔The trust that a client

places in the producer in regard to handling premiums.

Which of the following is NOT true of basic medical expense plans? ✔✔Coverage for

catastrophic medical expenses

Which of the following is NOT a feature of a noncancellable policy? ✔✔The insurer may

terminate the contract only at renewal for certain conditions.

What is the best way to change an application? ✔✔Start over with a fresh application

On a major medical insurance policy, the amount that an insured must pay on a claim before the

insurer will pay is known as ✔✔Deductible.

Which of the following is correct about a group health insurance policy issued in New York?

✔✔It cannot exclude newborn children from coverage.