Numbers questions for Insurance
The Renewability provision for an individual long term care insurance policy must be located on the policy forms...
FIRST PAGE
Within ____ days after policy delivery both Meidicare Supplement and Long Term Care policies can be returned for 100% premium refund
30
The Standard Grace period for a life insurance policy sold in New York is....
31 days
The Superintendent serves a term of ____ years
4
ALL AGENTS shall maintain full and correct transaction records done by them for ________ years
6
An insurer may exclude preexisting conditions on a Medicare Supplement policy for ______ months
6
Pre Existing conditions may be excluded from coverage for a maximum of ____ months
6
__________ days in order to take legal action against a health insurer
60
If a new enrollee to a group health plan has had previous creditable coverage for up to ____ days prior to the enrollment the Pre Existing Condition provision will apply
63
The required Grace period for an accident and health policy is _______ days for weekly premium policies
7
A temporary license is a valid maximum of ____ days
90
Notify the Superintendant __________ Days of any change of address
90
Proof of loss on a Health Insurance claim must be submitted to an insurer within _______ days after the insureds date of loss
90
According to the Affordable Care Act what is the maximum amount an individual can contribute to a Flexible saving account...
$2500
A disability policy where the premiums are due monthly require a grace period of ... ______ days
10
Free look period in a life insurance policy is _____ days
10
Jermaines Individual health policy had recently lapsed upon Reinstatement he must wait _____ days before coverage for illness is available
10
Superintendent MUST give a minimum of how many days notice of a disciplinary hearing _______ days
10
The Free Look period in New York for an Individual Health policies is _______ Days
10
A licensee who is required to take continuing education must complete ____ hours of continuing education.
15
An agent must complete _____ hours of continuing education Biannually
15
Group accident and health insurance policies issued in NY must generally include an unmarried dependent child who is _____ years old or younger
19
After ____ years from date of issue an individual health insurance policy can no longer be cancelled by the insurer for misstatements (EXCEPT FOR FRAUD)
2
Life policy is incontestable after ________ years
2
To be classified as a employer in New York an employer must employ... _______ Employees
2-50
Employees are required to work at least _________ hours
20
Written notice of a health insurance claim should be given to the insurer within ____ days after the occurence of any loss covered by the policy
20
SHOP marketplace... fewer then ________ employees
25
Lifes policy just lapsed. He may be reinstated at any time within _______ years
3
An agent has _____ Days to report a felony conviction to a superintendent
30
Greg had recently been terminated from his job that covered him for group Life insurance. How long does he have to convert his coverage to an individual policy without needing to prove insurability. _____ Days
30
If an insurer terminated an agents appointment, it must notify the Superintendent within ____ days of the termination
30
The Right to Examine period is ____ days for all Long Term Care policies sold in New York
30
When a Medicare Supplement policy is replaced, the policyowner will have a free look period of ____ days
30
