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NEVADA LIFE AND HEALTH EXAM
NEWEST 2025 ACTUAL EXAM COMPLETE
100 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
What is another name for a primary care physician in an HMO -
ANSWER-Gatekeeper
A domestic insurer issuing variable contracts must establish one
or more: - ANSWER-Separate accounts.
What is an important feature of a dental expense insurance plan
that is NOT typically found in a medical expense insurance
plan? - ANSWER-Diagnostic and preventative care
What best describes a fixed-period settlement option? -
ANSWER-Both the principal and interest will be liquidated over
a selected period of time.
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What is the maximum penalty for habitual willful
noncompliance with the Fair Credit Reporting Act? - ANSWER-
$2500
What action by an insurance company will cause an examination
by the Commissioner? - ANSWER-Application for initial
Certificate of Authority
Each insurer must maintain a compete file containing a copy of
each document used in solicitation and sale of life insurance
products for how long after its last authorized use? - ANSWER-
3 Years
The Patient Protection and Affordable Care Act does not include
what provision? - ANSWER-Individual tax deduction for
premiums paid.
What is the purpose of a disclosure statement in life insurance
policies? - ANSWER-To explain features and benefits of a
proposed policy to the consumer
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The type of insurance sold to a debtor and designed to pay the
amount due on a loan if the debtor dies before the loan is repaid
is called: - ANSWER-credit life
What is the maximum amount that Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with
respect to a major disability or loss of life? - ANSWER-
$500,000
What is continuous care in this state? - ANSWER-Workers
compensation coverage
What would not be considered a misrepresentation on the part of
the insurer? - ANSWER-Backdating policies to secure a lower
premium for the insured
Jordan purchased a core policy (Plan A) to supplement his
Medicare coverage. Following his stay in the hospital, Jordan
found out that her supplement policy paid for all of the
following except: - ANSWER-Part A deductible
For what time period can coverage be excluded on permissible
pre-exisiting conditions applicable to a Medicare supplement
NEVADA LIFE AND HEALTH EXAM
NEWEST 2025 ACTUAL EXAM COMPLETE
100 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
What is another name for a primary care physician in an HMO -
ANSWER-Gatekeeper
A domestic insurer issuing variable contracts must establish one
or more: - ANSWER-Separate accounts.
What is an important feature of a dental expense insurance plan
that is NOT typically found in a medical expense insurance
plan? - ANSWER-Diagnostic and preventative care
What best describes a fixed-period settlement option? -
ANSWER-Both the principal and interest will be liquidated over
a selected period of time.
,2|Page
What is the maximum penalty for habitual willful
noncompliance with the Fair Credit Reporting Act? - ANSWER-
$2500
What action by an insurance company will cause an examination
by the Commissioner? - ANSWER-Application for initial
Certificate of Authority
Each insurer must maintain a compete file containing a copy of
each document used in solicitation and sale of life insurance
products for how long after its last authorized use? - ANSWER-
3 Years
The Patient Protection and Affordable Care Act does not include
what provision? - ANSWER-Individual tax deduction for
premiums paid.
What is the purpose of a disclosure statement in life insurance
policies? - ANSWER-To explain features and benefits of a
proposed policy to the consumer
, 3|Page
The type of insurance sold to a debtor and designed to pay the
amount due on a loan if the debtor dies before the loan is repaid
is called: - ANSWER-credit life
What is the maximum amount that Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with
respect to a major disability or loss of life? - ANSWER-
$500,000
What is continuous care in this state? - ANSWER-Workers
compensation coverage
What would not be considered a misrepresentation on the part of
the insurer? - ANSWER-Backdating policies to secure a lower
premium for the insured
Jordan purchased a core policy (Plan A) to supplement his
Medicare coverage. Following his stay in the hospital, Jordan
found out that her supplement policy paid for all of the
following except: - ANSWER-Part A deductible
For what time period can coverage be excluded on permissible
pre-exisiting conditions applicable to a Medicare supplement
