nevada life insurance
A life producer applying for a viatical settlement broker license may be exempt from the
prelicensing education and examination requirement if the producer has held an active
life license for at least how many years?
A1 year
B2 years
C5 years
D10 years - correct answerA
A Medicare supplement policy can exclude coverage based on
AMedical conditions.
BTreatment for illnesses.
CBoth medical conditions and treatment for illness.
DNone of the above - correct answerD
A viatical settlement is arranged between a viatical company and a/an
A Beneficiary.
B Lender.
C Terminally ill insured.
D Insurance producer. - correct answerC
A viatical settlement is arranged between a viatical company and a/an
ALender.
BTerminally ill insured.
CInsurance producer.
DBeneficiary. - correct answerB
A woman obtains health coverage through the Marketplace on October 1. Two weeks
later she finds out that she is 3 months pregnant. Which of the following is true about
coverage for pregnancy?
APregnancy may be covered with the insurer's special approval.
BPregnancy will be covered immediately.
CPregnancy will only be covered if additional premium is paid.
DPregnancy will not be covered as a pre-existing condition. - correct answerB
Accident and health producers may qualify to sell continuous care coverage if they
complete a minimum of how many hours of approved instruction in workers
compensation and employer liability insurance?
A5 hours
B8 hours
C12 hours
D20 hours - correct answerB
, According to the PPACA metal levels classification, if a health plan is expected to cover
90% of the cost for an average population, and the participants would cover the
remaining 10%, what type of plan is that?
AGold
BPlatinum
CBronze
DSilver - correct answerB
According to the PPACA rules, what percentage of health care costs will be covered
under a bronze plan?
A10%
B30%
C40%
D60% - correct answerD
An insured with a life insurance policy is diagnosed with a terminal illness. Which of the
following could be a suitable option for this insured?
APolicy replacement
BChange of beneficiary
CViatical settlement
DPolicy loan - correct answerC
An organization that operates on a lodge system and provides a formal life insurance
plan to its members is classified as a
AReciprocal association.
BFraternal insurer.
CMutual company.
DStock company. - correct answerB
Bob purchased a policy to provide coverage on himself, his wife Linda, and their two
children, John and Kristen. All of them would need to prove insurability EXCEPT
AJohn and Kristen.
BAny children born to them after the inception of the contract.
CBob.
DLinda. - correct answerB
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 answerB
Each insurer must maintain a complete file containing a copy of each document used in
solicitation and sale of life insurance products for how long following the date of its last
authorized use?
A life producer applying for a viatical settlement broker license may be exempt from the
prelicensing education and examination requirement if the producer has held an active
life license for at least how many years?
A1 year
B2 years
C5 years
D10 years - correct answerA
A Medicare supplement policy can exclude coverage based on
AMedical conditions.
BTreatment for illnesses.
CBoth medical conditions and treatment for illness.
DNone of the above - correct answerD
A viatical settlement is arranged between a viatical company and a/an
A Beneficiary.
B Lender.
C Terminally ill insured.
D Insurance producer. - correct answerC
A viatical settlement is arranged between a viatical company and a/an
ALender.
BTerminally ill insured.
CInsurance producer.
DBeneficiary. - correct answerB
A woman obtains health coverage through the Marketplace on October 1. Two weeks
later she finds out that she is 3 months pregnant. Which of the following is true about
coverage for pregnancy?
APregnancy may be covered with the insurer's special approval.
BPregnancy will be covered immediately.
CPregnancy will only be covered if additional premium is paid.
DPregnancy will not be covered as a pre-existing condition. - correct answerB
Accident and health producers may qualify to sell continuous care coverage if they
complete a minimum of how many hours of approved instruction in workers
compensation and employer liability insurance?
A5 hours
B8 hours
C12 hours
D20 hours - correct answerB
, According to the PPACA metal levels classification, if a health plan is expected to cover
90% of the cost for an average population, and the participants would cover the
remaining 10%, what type of plan is that?
AGold
BPlatinum
CBronze
DSilver - correct answerB
According to the PPACA rules, what percentage of health care costs will be covered
under a bronze plan?
A10%
B30%
C40%
D60% - correct answerD
An insured with a life insurance policy is diagnosed with a terminal illness. Which of the
following could be a suitable option for this insured?
APolicy replacement
BChange of beneficiary
CViatical settlement
DPolicy loan - correct answerC
An organization that operates on a lodge system and provides a formal life insurance
plan to its members is classified as a
AReciprocal association.
BFraternal insurer.
CMutual company.
DStock company. - correct answerB
Bob purchased a policy to provide coverage on himself, his wife Linda, and their two
children, John and Kristen. All of them would need to prove insurability EXCEPT
AJohn and Kristen.
BAny children born to them after the inception of the contract.
CBob.
DLinda. - correct answerB
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 answerB
Each insurer must maintain a complete file containing a copy of each document used in
solicitation and sale of life insurance products for how long following the date of its last
authorized use?
