NY Series 17-52 Exam: Questions With Simple Answers
A health insurance plan where eligible employees must be included Correct Ans - Contributory health insurance plan The insurance through the husband's company in a situation where both spouses are covered by health plans through their respective companies Correct Ans - Primary insurance The period of coverage for events such as death or divorce under COBRA, which is 36 months Correct Ans - COBRA coverage period The period during which the policyowner can return the policy and receive a refund of premium, which ends after 25 days Correct Ans - Free-look period Benefits that the insured will not receive if the blindness improves a month later Correct Ans - Presumptive Disability benefits Defined as the uncertainty or chance of loss Correct Ans - Risk in insurance The trust that a client places in the producer in regard to handling premiums Correct Ans - Producer's fiduciary duty Plans that do not provide coverage for catastrophic medical expenses Correct Ans - Basic medical expense plans The feature where the insurer may terminate the contract only at renewal for certain conditions Correct Ans - Noncancellable policy feature The best way to change an application is to start over with a fresh application Correct Ans - Policy application change The amount that an insured must pay on a claim before the insurer will pay Correct Ans - Deductible in major medical insurance A policy that cannot exclude newborn children from coverage Correct Ans - Group health insurance policy in New York
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