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| Section | Weight | Objectives |
|---|---|---|
| New York State Regulations | 20-25% | - Advertising regulations - NYS Insurance Law requirements - Consumer protection regulations - Licensing requirements and procedures - Replacement and churn rules - Fiduciary responsibilities |
| Accident and Health Insurance | 25-30% | - Dental and vision insurance basics - Major medical coverage - Medical expense coverage - Long-term care insurance basics - Health insurance policy types (individual, group, HMOs) - Disability income insurance |
| Life Insurance Fundamentals | 25-30% | - Dividends and nonforfeiture options - Policy riders and endorsements - Policy types and provisions - Beneficiary designations - Policy reinstatement |
| General Insurance Principles | 15-20% | - Agent/broker duties and ethics - Insurance contract fundamentals - Ethical sales practices - Fair claims settlement practices - Underwriting principles |
Clark will be doing business as an agent. When MUST he be appointed by the insurer?
Correct Answer: A 🗳️
Which of the following groups is NOT eligible for the Healthy New York Program?
Correct Answer: A 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Which of the following is a Health Insurance Policy where the insurer has the right to change the premiums for policyowners, but CANNOT cancel the policy?
Correct Answer: A 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
A company may insure an employee with specialized skills under a key employee disability insurance policy.
Which of the following statements is TRUE?
Correct Answer: D 🗳️
Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).
Which of the following is a basic benefit of Medicare Supplemental insurance?
Correct Answer: D 🗳️
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