NY Life, Accident & Health Insurance Final Exam - State Pre-License Certification Exam

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Across
  1. 4. The responsibility of knowing, understanding and complying with the insurance laws of New-York state rests with the
  2. 8. Premiums paid by self employed sole proprietors or partners for medical expense insurance are deductible on tax
  3. 10. If an insurer allows an insured to violate one of the conditions of the policy, they cannot at a later time void the policy because the condition was violated, under the doctrine of
  4. 11. Which companies are annuities underwritten by
  5. 12. When a dentist uses mechanical devices to straighten teeth, it is known as
  6. 14. The exchange of values is known as
  7. 17. The amount of annuity benefits included in the value of the estate of a deceased "life income only" annuitant is
  8. 18. Which Disability Income (DI) benefits are not subject to income taxation
  9. 20. An agent promises his client Super Bowl tickets in exchange for buying a policy from him. The agent is guilty of an unfair trade practice known as
Down
  1. 1. After overhearing a rumor, an insurer sends a letter to all its policy holders warning them of a competing insurer's pending bankruptcy. This insurer is guilty of an Unfair Trade Practice known as
  2. 2. The penalty (in percents) for taking a policy loan as a premature distribution on a life insurance policy that has been classified as a Modified Endowment Contract (MEC) is
  3. 3. A client wishing to take cash surrender on a deferred annuity during the accumulation period would be exercising a required contractual provision known as
  4. 5. When purchasing a deferred annuity, what is the date, when do the rights of ownership begin
  5. 6. A health insurance claim occurs on May 30th, but the policy lapses on June 1st. If the claim is not turned in until June 8th, what will the insurer do with the claim
  6. 7. The person responsible for managing the Insurance Department or Division of this state and for administering state insurance laws and regulations is known as the
  7. 9. The possibility of loss with no possibility for gain is known as ____ risc
  8. 13. An insurance company that is incorporated and formed in this state is known as a ______ company
  9. 15. If a subscriber goes out of network for PPO (Preferred Provider Organization) services, what happens with amount of coverage
  10. 16. Purchasing insurance is ____ risc
  11. 19. An insurer distributes dividends to policyholders out of accumulated divisible surplus on its "participating policies". The insurer is guilty of