Free New Mexico Accident & Health Insurance Practice Exam 3
Prepare for your licensing exam with our realistic state-specific test questions, complete answers, and detailed rationales.
Exam Structure & Overview
Passing the New Mexico insurance exam is the ultimate step toward launching your career as a licensed professional. This practice test consists of 25 high-probability questions sampled to match the general composition of topics tested on the real state licensing examination.
Whether you are preparing for the Accident & Health lines or a combined license, practicing with mock questions helps cement concepts, improves time management, and reduces test-day anxiety.
Key Practice Focus Areas
- State Laws & Regulations: Specific rules, licensing duties, and consumer protections.
- Policy Provisions & Options: Standard contract clauses, riders, exclusions, and riders.
- General Principles: Underwriting basics, insurance concepts, and legal requirements.
Recommended Study PathTry this practice exam fully. Review each explanation carefully when an answer is submitted. If you feel ready to unlock the full comprehensive question database, visit the main state hub for deeper exam simulations.
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Test 325 Questions
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Health InsuranceGroup Plans
Who receives a certificate of insurance as proof of coverage in a group plan?
General InsuranceUnderwriting & Policy Issuance
If an insurer requests an HIV test from an applicant, who is responsible for the cost?
General InsuranceInsurance Marketplace
A mutual insurance company is owned by:
Health InsuranceMedicare & Medicaid
An 'assignment' in the context of Medicare means:
New Mexico Insurance Law & EthicsDuties
An insurance company, Sandia Peak Indemnity, plans to begin offering health and accident policies in Albuquerque. Which regulatory entity is charged with administering and enforcing insurance laws in New Mexico?
Health InsuranceMedicare & Medicaid
A Medicare beneficiary who wants to enroll in a Medicare Advantage (Part C) plan must have:
Health InsuranceMedicare & Medicaid
Medicare Part B primarily provides coverage for:
Health InsuranceMedicare & Medicaid
Under Medicare Part A, after the initial deductible is paid, the beneficiary pays $0 coinsurance for days 1-60 of a hospital stay. For days 61-90, the beneficiary must pay:
New Mexico Insurance Law & EthicsFree-Look & Grace Periods
An insured dies during the 31-day grace period of their whole life policy before paying the overdue premium. How does the insurer settle the death claim?
New Mexico Insurance Law & EthicsProducer licensing
Under what circumstance is an insurance producer in New Mexico permitted to share or split a commission with another individual?
Health InsuranceManaged Care
A 'high-deductible health plan' (HDHP) for 2024 purposes has a minimum deductible of:
General InsuranceUnderwriting & Policy Issuance
What is the significance of the policy's effective date?
Health InsuranceGroup Health
In group health insurance, the employer's role is generally to:
Health InsuranceGroup Health
Under the ACA for plan years beginning on or after January 1, 2014, annual and lifetime dollar limits on:
New Mexico Insurance Law & EthicsUnfair trade practices
An insurance carrier charges different premium rates for two individuals of the exact same age, health history, and risk classification with no actuarial justification. What violation is this?
General InsuranceBasic Principles
An insurer's ability to take legal action against a responsible third party for a loss paid to an insured is known as:
Health InsuranceHealth Insurance Basics
A 'health reimbursement arrangement' (HRA) is characterized by:
New Mexico Insurance Law & EthicsGuaranty Association
What is the maximum Guaranty Association protection limit for major medical or basic hospital, medical, and surgical health insurance claims on a single individual in New Mexico?
Health InsuranceHealth Insurance Basics
Which type of health insurance plan renews automatically but allows the insurer to increase premiums for an entire class?
General InsuranceUnderwriting & Policy Issuance
A mortality table is used by insurers to:
Health InsuranceTypes of Policies
Under the ACA, how long can a young adult remain on their parent's health insurance plan?
Health InsuranceMedicare & Medicaid
Medicare Part D (prescription drug coverage):
Health InsuranceHSAs HRAs and FSAs
An employee has both a limited-purpose FSA and an HSA. The limited-purpose FSA may only be used for which of the following expenses, while preserving HSA eligibility?
Health InsuranceDisability Income
Under Social Security Disability Insurance (SSDI), a person qualifies for benefits if they:
Health InsuranceHSAs HRAs and FSAs