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NEVADA LIFE INSURANCE EXAM
2025|ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
DETAILED SOLUTIONS
During replacement of life insurance, a replacing insurer must do which of the
following?
A Send a copy of the Notice Regarding Replacement to the Department of
Insurance
B Obtain a list of all life insurance policies that will be replaced
C Guarantee a replacement for each existing policy
D Designate a new producer for a replaced policy - correct-answer-B
Which of the following documents must be provided to the policyowner or
applicant during policy replacement?
A Buyer's Guide and Policy Summary
B Policy illustrations
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C Notice Regarding Replacement
D Disclosure Authorization Form - correct-answer-C
Which of the following terms is used to describe a person, other than a viator,
that enters into or effectuates a viatical settlement contract?
A Viatical settlement purchaser
B Viatical settlement broker
C Viatical settlement effectuator
D Viatical settlement provider - correct-answer-D
What is the name for the owner of a life insurance policy who enters into a
viatical settlement contract?
AViatical settlement purchaser
BViator
CPolicyowner
DViatical settlement provider - correct-answer-B
Fred and Jody are covered under a group health insurance plan at his place of
employment. When Jody gave birth to their first child, what must he do in order
to have coverage for their child?
ANotify the insurer on the anniversary date of the plan
BNotify the employer within 10 days
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CNotify the insurer immediately and provide proof of insurability
DNotify the insurer within 31 days in order for coverage to continue without any
evidence of insurability - correct-answer-D
For an agent to sell continuous care coverage, the agent must meet all of the
following requirements EXCEPT
A Be licensed as a casualty insurance producer.
B Receive approval from the Commissioner.
C Be licensed as an accident and health insurance producer.
D Be licensed as a life insurance producer. - correct-answer-D
According to the PPACA rules, what percentage of health care costs will be
covered under a bronze plan?
A10%
B30%
C40%
D60% - correct-answer-D
In all health care plans under the Affordable Care Act (ACA), how many essential
benefit categories are there?
NEVADA LIFE INSURANCE EXAM
2025|ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
DETAILED SOLUTIONS
During replacement of life insurance, a replacing insurer must do which of the
following?
A Send a copy of the Notice Regarding Replacement to the Department of
Insurance
B Obtain a list of all life insurance policies that will be replaced
C Guarantee a replacement for each existing policy
D Designate a new producer for a replaced policy - correct-answer-B
Which of the following documents must be provided to the policyowner or
applicant during policy replacement?
A Buyer's Guide and Policy Summary
B Policy illustrations
, Page |2
C Notice Regarding Replacement
D Disclosure Authorization Form - correct-answer-C
Which of the following terms is used to describe a person, other than a viator,
that enters into or effectuates a viatical settlement contract?
A Viatical settlement purchaser
B Viatical settlement broker
C Viatical settlement effectuator
D Viatical settlement provider - correct-answer-D
What is the name for the owner of a life insurance policy who enters into a
viatical settlement contract?
AViatical settlement purchaser
BViator
CPolicyowner
DViatical settlement provider - correct-answer-B
Fred and Jody are covered under a group health insurance plan at his place of
employment. When Jody gave birth to their first child, what must he do in order
to have coverage for their child?
ANotify the insurer on the anniversary date of the plan
BNotify the employer within 10 days
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CNotify the insurer immediately and provide proof of insurability
DNotify the insurer within 31 days in order for coverage to continue without any
evidence of insurability - correct-answer-D
For an agent to sell continuous care coverage, the agent must meet all of the
following requirements EXCEPT
A Be licensed as a casualty insurance producer.
B Receive approval from the Commissioner.
C Be licensed as an accident and health insurance producer.
D Be licensed as a life insurance producer. - correct-answer-D
According to the PPACA rules, what percentage of health care costs will be
covered under a bronze plan?
A10%
B30%
C40%
D60% - correct-answer-D
In all health care plans under the Affordable Care Act (ACA), how many essential
benefit categories are there?
