NEVADA LIFE AND HEALTH EXAM AND PRACTICE EXAM
LATEST 2025 WITH ACTUAL QUESTIONS AND CORRECT
DETAILED ANSWERS ALREADY GRADED A+
an agent makes a mistake on the application and then corrects his mistake by
physically entering the necessary information, who must then initial the change ?
- CORRECT ANSWER-the applicant
HIPPAA or health unsurance portability and accountability act, applies to groups
of - CORRECT ANSWER-2 or more
which statement is correct concerning the COBRA act of 1985 - CORRECT
ANSWER-it covers terminated employee's and dependants for up to 36 months
after a qualifying event
a man decides to purchase a $100,000 annually renewable term insurance life
policy to provide additional protection until his children finished college, he
discovered that this policy - CORRECT ANSWER-required a premium increase at
each renewal
when a life insurance policy is cancelled and the insured selected the extended
term nonforfeiture option, the cash value will be used to purchase term insurance
,that has the face amount of ? - CORRECT ANSWER-equal to the original policy,
for as long of a period of time that the cash value will purchase
ron joins the PPO that is provided by his employer. if ron decides to go to a
physician who is not a PPO provider, what would happens ? - CORRECT
ANSWER-the PPO will pay reduced benefits
if a life insurance develops cash value faster than a seven-paywhole life contract,
it's a - CORRECT ANSWER-modified endowment contract
in forming an insurance contract, when does acceptance usually occurs ? -
CORRECT ANSWER-when insurer approves a prepaid application
benefits periods for individually short-term disability policies will usually continue
from... - CORRECT ANSWER-six months to two years
when an employee covered under a health reimbursment account changes
employer, the HRA ? - CORRECT ANSWER-stays with the employer
most policies will pay the accident death benefits as long is caused by the
accident that occurs within - CORRECT ANSWER-90 days
which report will provide the underwriter with the information about a
consumer's credit ? - CORRECT ANSWER-consumers report
,what's the initial period of time specified in a disability income policy that must
pass after the policy is in force before a loss can be covered ? - CORRECT
ANSWER-probationary period
todd has been informed that he has an hernia which requires repair. he
researches the cost and learns his insurance will cover 200 points worth of
surgical expenses. each point represents $10, which it means $2,000 of his
surgery be covered by his plan. what system is todd insurance company is using ?
- CORRECT ANSWER-relative value
a participating insurance policy may.... - CORRECT ANSWER-pay dividends to
policyowners
an adjustable life policyowner can.... - CORRECT ANSWER-change the coverage
period
what's the purpose of the buyer's guide ? - CORRECT ANSWER-to allow the
consumer to compare the costs of differents policies
what's the purpose of a disclosure statement in life insurance policies ? -
CORRECT ANSWER-help consumers make more informed decisions
a married couple owns a permanent policy which covers both of their lives and
pays the face amount of the policy upon the death of the first. wich policy is that
? - CORRECT ANSWER-joint life policy
, the provisions which prevents the insured, from bringing any legal action against
the company for the last 60 days after proof of loss, is known as - CORRECT
ANSWER-legal actions
regarding the concept of creditable coverage, the number of days of coverage
spent under the group plan, will be used to reduce the 12-month waiting period
for pre-existing conditions coverage, if the employee does not have a break in
coverage of more than.... - CORRECT ANSWER-63 days
which of the following provisions would prevent an insurance company from
paying a reimbursement claim to someone other than the policyowner ? -
CORRECT ANSWER-payment of claims
what is "not" correct about the required provisions of a health insurance policy ? -
CORRECT ANSWER-that a reinstated policy provides immediate coverage for an
illness
the limits of a health reimbursement account are set by.... - CORRECT ANSWER-
the employer
when a replecement is involved, a replacing insurance company is "not"
reponsible for.... - CORRECT ANSWER-providing a copy of the important notice
regarding replacement of life insurance to the applicant
LATEST 2025 WITH ACTUAL QUESTIONS AND CORRECT
DETAILED ANSWERS ALREADY GRADED A+
an agent makes a mistake on the application and then corrects his mistake by
physically entering the necessary information, who must then initial the change ?
- CORRECT ANSWER-the applicant
HIPPAA or health unsurance portability and accountability act, applies to groups
of - CORRECT ANSWER-2 or more
which statement is correct concerning the COBRA act of 1985 - CORRECT
ANSWER-it covers terminated employee's and dependants for up to 36 months
after a qualifying event
a man decides to purchase a $100,000 annually renewable term insurance life
policy to provide additional protection until his children finished college, he
discovered that this policy - CORRECT ANSWER-required a premium increase at
each renewal
when a life insurance policy is cancelled and the insured selected the extended
term nonforfeiture option, the cash value will be used to purchase term insurance
,that has the face amount of ? - CORRECT ANSWER-equal to the original policy,
for as long of a period of time that the cash value will purchase
ron joins the PPO that is provided by his employer. if ron decides to go to a
physician who is not a PPO provider, what would happens ? - CORRECT
ANSWER-the PPO will pay reduced benefits
if a life insurance develops cash value faster than a seven-paywhole life contract,
it's a - CORRECT ANSWER-modified endowment contract
in forming an insurance contract, when does acceptance usually occurs ? -
CORRECT ANSWER-when insurer approves a prepaid application
benefits periods for individually short-term disability policies will usually continue
from... - CORRECT ANSWER-six months to two years
when an employee covered under a health reimbursment account changes
employer, the HRA ? - CORRECT ANSWER-stays with the employer
most policies will pay the accident death benefits as long is caused by the
accident that occurs within - CORRECT ANSWER-90 days
which report will provide the underwriter with the information about a
consumer's credit ? - CORRECT ANSWER-consumers report
,what's the initial period of time specified in a disability income policy that must
pass after the policy is in force before a loss can be covered ? - CORRECT
ANSWER-probationary period
todd has been informed that he has an hernia which requires repair. he
researches the cost and learns his insurance will cover 200 points worth of
surgical expenses. each point represents $10, which it means $2,000 of his
surgery be covered by his plan. what system is todd insurance company is using ?
- CORRECT ANSWER-relative value
a participating insurance policy may.... - CORRECT ANSWER-pay dividends to
policyowners
an adjustable life policyowner can.... - CORRECT ANSWER-change the coverage
period
what's the purpose of the buyer's guide ? - CORRECT ANSWER-to allow the
consumer to compare the costs of differents policies
what's the purpose of a disclosure statement in life insurance policies ? -
CORRECT ANSWER-help consumers make more informed decisions
a married couple owns a permanent policy which covers both of their lives and
pays the face amount of the policy upon the death of the first. wich policy is that
? - CORRECT ANSWER-joint life policy
, the provisions which prevents the insured, from bringing any legal action against
the company for the last 60 days after proof of loss, is known as - CORRECT
ANSWER-legal actions
regarding the concept of creditable coverage, the number of days of coverage
spent under the group plan, will be used to reduce the 12-month waiting period
for pre-existing conditions coverage, if the employee does not have a break in
coverage of more than.... - CORRECT ANSWER-63 days
which of the following provisions would prevent an insurance company from
paying a reimbursement claim to someone other than the policyowner ? -
CORRECT ANSWER-payment of claims
what is "not" correct about the required provisions of a health insurance policy ? -
CORRECT ANSWER-that a reinstated policy provides immediate coverage for an
illness
the limits of a health reimbursement account are set by.... - CORRECT ANSWER-
the employer
when a replecement is involved, a replacing insurance company is "not"
reponsible for.... - CORRECT ANSWER-providing a copy of the important notice
regarding replacement of life insurance to the applicant
