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NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE EXAM PREP 2026 ALL
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY A GRADED | NEW AND
REVISED
What are the 2 types of Flexible Spending Accounts? - ANSWER-
Health care accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - ANSWER- Cash value is guaranteed
According to the rights of renewability rider for cancellable policies, all
of the following are correct about the cancellation of an individual
insurance policy EXCEPT - ANSWER- Unearned premiums are
retained by the insurance company
In a replacement situation, all of the following must be considered
EXCEPT - ANSWER- Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - ANSWER- Be licensed as a life
insurance producer
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Which of the following licensees are not compensated directly related to
the amount of insurance sold? - ANSWER- Insurance consultant
Producers must complete how many hours of continuing education on
the subject of ethics every licensing period? - ANSWER- 3 Hours
Which of the following definitions would make it easier to qualify for
total disability benefits? - ANSWER- The more liberal "own
occupation"
Which of the following must be present in all Medicare supplement
plans? - ANSWER- Plan A
Most agents try to collect the initial premium for submission with the
application. When an agent collects the initial premium from the
applicant, the agent should issue the applicant a - ANSWER- Premium
receipt
Which health insurance provision describes the insured's right to cancel
coverage? - ANSWER- Renewal provision
What type of insurance would be used for a Return of Premium rider? -
ANSWER- Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - ANSWER- Recurrent disability
NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE EXAM PREP 2026 ALL
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY A GRADED | NEW AND
REVISED
What are the 2 types of Flexible Spending Accounts? - ANSWER-
Health care accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - ANSWER- Cash value is guaranteed
According to the rights of renewability rider for cancellable policies, all
of the following are correct about the cancellation of an individual
insurance policy EXCEPT - ANSWER- Unearned premiums are
retained by the insurance company
In a replacement situation, all of the following must be considered
EXCEPT - ANSWER- Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - ANSWER- Be licensed as a life
insurance producer
, 2|Page
Which of the following licensees are not compensated directly related to
the amount of insurance sold? - ANSWER- Insurance consultant
Producers must complete how many hours of continuing education on
the subject of ethics every licensing period? - ANSWER- 3 Hours
Which of the following definitions would make it easier to qualify for
total disability benefits? - ANSWER- The more liberal "own
occupation"
Which of the following must be present in all Medicare supplement
plans? - ANSWER- Plan A
Most agents try to collect the initial premium for submission with the
application. When an agent collects the initial premium from the
applicant, the agent should issue the applicant a - ANSWER- Premium
receipt
Which health insurance provision describes the insured's right to cancel
coverage? - ANSWER- Renewal provision
What type of insurance would be used for a Return of Premium rider? -
ANSWER- Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - ANSWER- Recurrent disability
