PDF Version DemoInsurance Licensing NY-Life-Accident-and-Health Exam Overview:
| Certification Vendor: | New York State Department of Financial Services |
| Exam Name: | New York Life, Accident and Health Insurance Agent/Broker Examination |
| Exam Number: | Series 17-55 / NY-Life-Accident-and-Health |
| Available Languages: | English, Spanish |
| Exam Duration: | 150 minutes |
| Exam Format: | Multiple Choice, Scored + Unscored Questions |
| Related Certifications: | Series 17-51 (Life Insurance) Series 17-52 (Accident and Health Insurance) |
| Real Exam Qty: | 150 |
| Exam Price: | $75 USD |
| Passing Score: | 70% |
| Certificate Validity Period: | 2 years (renewable) |
| Recommended Training: | New York DFS Approved Pre-Licensing Courses |
| Exam Registration: | PSI Services (Official Exam Provider) |
| Sample Questions: | Insurance Licensing NY-Life-Accident-and-Health Sample Questions |
| Exam Way: | In-person at PSI test centers / Online remote proctored |
| Pre Condition: | Minimum age 18; complete approved pre-licensing education (40 hours); background check |
| Official Syllabus URL: | https://www.dfs.ny.gov/licensing/insurance_licensing |
Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Underwriting, Marketing and Sales Practices | 15% | - Application and Underwriting Procedures
|
| Accident and Health Insurance | 35% | - Health Insurance Basics
|
| Life Insurance Products and Provisions | 30% | - Types of Life Insurance Policies
|
| Insurance Regulation and General Principles | 20% | - Insurance Concepts
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
1. Which of the following statements BEST describes a disability elimination period?
A) A qualifying period.
B) A time deductible rather than a dollar deductible.
C) A dollar deductible rather than a time deductible.
D) A benefit or utilization period.
2. In addition to the application, MIB, or consumer reports, underwriters can acquire information from all of the following EXCEPT
A) attending physician statements.
B) medical questionnaires.
C) physical examinations.
D) genetic testing.
3. Which of the following products is designed to pay benefits that can provide a stream of retirement income to the purchaser?
A) annuity contract
B) variable life insurance
C) tax-deferred growth
D) modified endowment contract
4. A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
A) accumulate without interest.
B) be paid to the policyowner in cash.
C) reduce the policy premium.
D) purchase additional insurance protection.
5. 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) July 15
B) July 1
C) January 1
D) June 1
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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