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Updated: Jul 18, 2026
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Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. Clark will be doing business as an agent. When MUST he be appointed by the insurer?
A) At the time the license application is submitted.
B) Within 15 days of signing the agency contract.
C) Within 20 days after commissions have been paid.
D) Within 15 days of submitting his license application.
2. When a provider does NOT have an agreement with the insurer for payment, they will be reimbursed
A) a relative fee.
B) a usual, customary, and reasonable fee.
C) a non-scheduled plan customary fee.
D) an absolute fee.
3. A company may insure an employee with specialized skills under a key employee disability insurance policy.
Which of the following statements is TRUE?
A) The employee is the applicant.
B) The business is the applicant.
C) The employee pays the premium.
D) The employee ' s spouse is the beneficiary.
4. What information must be included in the statement accompanying an insurance claim payment made by an insurer?
A) The reinsurance carrier involved
B) The coverage under which the payment is being made
C) A list of all claimants involved
D) The agent ' s name and address
5. When marketing to groups for health insurance, who should be issued a certificate as proof of coverage?
A) Sponsor
B) Employer
C) HMO
D) Employee
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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