NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
Nevada requires that coverage for newborns begins "from the moment of birth" and a premium must be
paid within: - (ANSWER)31 Days
Which of the following statements if CORRECT about an agent who is taking an insurance application? -
(ANSWER)The agent should have the applicant initial any changes made on the application.
Stranger Originated Life Insurance (STOLI) has been found to be in violation of which of the following
contractual elements? - (ANSWER)Legal Purpose (Insurable Interest)
A primary beneficiary has died before the insured in a life insurance policy. A contingent beneficiary is
also named in the policy. Which of the following will occur when the insured dies? - (ANSWER)Proceeds
will go to the contingent beneficiary.
Health coverage provided under the Affordable Care Act (ACA) shall be made available for dependents
until the child attains the age of: - (ANSWER)26
An insured is past due on his life insurance premium, but is still within the Grace Period. What will the
beneficiary receive if the insured dies during this Grace Period? - (ANSWER)Full face amount minus any
past due premiums.
The phrase "This policy will only pay for a semi-private room" is an example of a(n): - (ANSWER)Internal
Limit
Which of the following types of policies pays a benefit if the insured goes blind? - (ANSWER)Accidental
Death and Dismemberment (AD&D)
,NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
Which of these types of life insurance allows the policy owners to have level premiums and to also
choose from a selection of investment options? - (ANSWER)Variable Life
Taking receipt of premiums and holding them for the insurance company is an example of: -
(ANSWER)Fiduciary responsibility
The individual who provides general medical care for a patient as well as the referral for specialized care
is known as a: - (ANSWER)Primary Care Physician
Which of the following annuities pays benefits based on units rather than specific dollar amounts? -
(ANSWER)Variable Annuity
The policyholder has how many days to return an Accident/Health insurance policy and receive a full
refund on premiums? - (ANSWER)10 days
Which of the following individual health insurance policies will provide the broadest protection? -
(ANSWER)Major Medical
Which of the following unfair trade practices involves an agent who makes malicious statements about
another person's financial condition? - (ANSWER)Defamation
Which parts of a life insurance policy are guaranteed to bear true? - (ANSWER)Warranty
,NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
P, age 50, purchased an annuity that P will fund with $500/month for 25 years. The annuity will then pay
P retirement payments after the 15 years. Which type of of annuity did P purchase? -
(ANSWER)Deferred
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for common
carrier death. If B is killed from an accident on a commercial flight, what will the policy pay B's
beneficiary? - (ANSWER)$300,000
M purchased an Accidental Death and Dismemberment (AD&D) policy and names his son as beneficiary.
M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? -
(ANSWER)Revocable
What is the underlying concept regarding level premiums? - (ANSWER)The early years are charged more
than what is needed
Which of the following is NOT an example of a producer's breach of fiduciary duty? - (ANSWER)Allowing
premiums to be submitted electronically
How long can pre-existing conditions be excluded for in long-term care policies? - (ANSWER)6 months
Which mode of payment is NOT used by health insurance policies? - (ANSWER)Single Premium
An insurance company can contest a life insurance contract due to application fraud within: -
(ANSWER)2 years
, NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
A person is required to be AT LEAST how old before he or she is licensed as an agent in Nevada. -
(ANSWER)18 years old
The Commissioner must examine each domestic insurance company AT LEAST every day; - (ANSWER)5
years
In regards to representations or warranties, which of these statements is TRUE? - (ANSWER)If material
to the risk, false representations will void the policy.
Common exclusions to continuation of group coverage include: - (ANSWER)All of the above; dental care,
other prescription drugs
All of the following actions are considered rebating, EXCEPT: - (ANSWER)Sharing commissions with other
licensed and appointed agents
An insured's inability to perform two or more activities of daily living may trigger which type of policy
rider? - (ANSWER)Long term care
Which juvenile following provisions guarantees that premiums will be waived if a Juvenile Life policy
owner becomes disables? - (ANSWER)Payor Clause
Agent J takes an application and initial premium from an applicant and sends the application and
premium check to the insurance company. The insurance company returns the check back to J because
the check is made out to J instead of the insurance company. What action should J take? -
(ANSWER)Return to the customer, collect a new check made out to the insurance company, and send
the new check out to the insurance company.
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
Nevada requires that coverage for newborns begins "from the moment of birth" and a premium must be
paid within: - (ANSWER)31 Days
Which of the following statements if CORRECT about an agent who is taking an insurance application? -
(ANSWER)The agent should have the applicant initial any changes made on the application.
Stranger Originated Life Insurance (STOLI) has been found to be in violation of which of the following
contractual elements? - (ANSWER)Legal Purpose (Insurable Interest)
A primary beneficiary has died before the insured in a life insurance policy. A contingent beneficiary is
also named in the policy. Which of the following will occur when the insured dies? - (ANSWER)Proceeds
will go to the contingent beneficiary.
Health coverage provided under the Affordable Care Act (ACA) shall be made available for dependents
until the child attains the age of: - (ANSWER)26
An insured is past due on his life insurance premium, but is still within the Grace Period. What will the
beneficiary receive if the insured dies during this Grace Period? - (ANSWER)Full face amount minus any
past due premiums.
The phrase "This policy will only pay for a semi-private room" is an example of a(n): - (ANSWER)Internal
Limit
Which of the following types of policies pays a benefit if the insured goes blind? - (ANSWER)Accidental
Death and Dismemberment (AD&D)
,NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
Which of these types of life insurance allows the policy owners to have level premiums and to also
choose from a selection of investment options? - (ANSWER)Variable Life
Taking receipt of premiums and holding them for the insurance company is an example of: -
(ANSWER)Fiduciary responsibility
The individual who provides general medical care for a patient as well as the referral for specialized care
is known as a: - (ANSWER)Primary Care Physician
Which of the following annuities pays benefits based on units rather than specific dollar amounts? -
(ANSWER)Variable Annuity
The policyholder has how many days to return an Accident/Health insurance policy and receive a full
refund on premiums? - (ANSWER)10 days
Which of the following individual health insurance policies will provide the broadest protection? -
(ANSWER)Major Medical
Which of the following unfair trade practices involves an agent who makes malicious statements about
another person's financial condition? - (ANSWER)Defamation
Which parts of a life insurance policy are guaranteed to bear true? - (ANSWER)Warranty
,NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
P, age 50, purchased an annuity that P will fund with $500/month for 25 years. The annuity will then pay
P retirement payments after the 15 years. Which type of of annuity did P purchase? -
(ANSWER)Deferred
B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for common
carrier death. If B is killed from an accident on a commercial flight, what will the policy pay B's
beneficiary? - (ANSWER)$300,000
M purchased an Accidental Death and Dismemberment (AD&D) policy and names his son as beneficiary.
M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? -
(ANSWER)Revocable
What is the underlying concept regarding level premiums? - (ANSWER)The early years are charged more
than what is needed
Which of the following is NOT an example of a producer's breach of fiduciary duty? - (ANSWER)Allowing
premiums to be submitted electronically
How long can pre-existing conditions be excluded for in long-term care policies? - (ANSWER)6 months
Which mode of payment is NOT used by health insurance policies? - (ANSWER)Single Premium
An insurance company can contest a life insurance contract due to application fraud within: -
(ANSWER)2 years
, NEVADA LIFE AND HEALTH EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
// BRAND NEW!!
A person is required to be AT LEAST how old before he or she is licensed as an agent in Nevada. -
(ANSWER)18 years old
The Commissioner must examine each domestic insurance company AT LEAST every day; - (ANSWER)5
years
In regards to representations or warranties, which of these statements is TRUE? - (ANSWER)If material
to the risk, false representations will void the policy.
Common exclusions to continuation of group coverage include: - (ANSWER)All of the above; dental care,
other prescription drugs
All of the following actions are considered rebating, EXCEPT: - (ANSWER)Sharing commissions with other
licensed and appointed agents
An insured's inability to perform two or more activities of daily living may trigger which type of policy
rider? - (ANSWER)Long term care
Which juvenile following provisions guarantees that premiums will be waived if a Juvenile Life policy
owner becomes disables? - (ANSWER)Payor Clause
Agent J takes an application and initial premium from an applicant and sends the application and
premium check to the insurance company. The insurance company returns the check back to J because
the check is made out to J instead of the insurance company. What action should J take? -
(ANSWER)Return to the customer, collect a new check made out to the insurance company, and send
the new check out to the insurance company.
