1
NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE EXAM PRACTICE ACTUAL
2025/2026 QUESTIONS AND 100%
CORRECT ANSWERS
What are the 2 types of Flexible Spending Accounts? - (ANSWER)Health care
accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is correct? -
(ANSWER)Cash value is guaranteed
According to the rights of renewability rider for cancellable policies, all of the
following are correct about the cancellation of an individual insurance policy
EXCEPT - (ANSWER)Unearned premiums are retained by the insurance company
In a replacement situation, all of the following must be considered EXCEPT -
(ANSWER)Assets
For an agent to sell continuous care coverage, the agent must meet all of the
following requirements EXCEPT - (ANSWER)Be licensed as a life insurance
producer
Which of the following licensees are not compensated directly related to the
amount of insurance sold? - (ANSWER)Insurance consultant
, 2
Producers must complete how many hours of continuing education on the subject
of ethics every licensing period? - (ANSWER)3 Hours
Which of the following definitions would make it easier to qualify for total
disability benefits? - (ANSWER)The more liberal "own occupation"
Which of the following must be present in all Medicare supplement plans? -
(ANSWER)Plan A
Most agents try to collect the initial premium for submission with the application.
When an agent collects the initial premium from the applicant, the agent should
issue the applicant a - (ANSWER)Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - (ANSWER)Renewal provision
What type of insurance would be used for a Return of Premium rider? -
(ANSWER)Increasing Term
When an insurer combines two periods of disability into one, the insured must
have suffered a - (ANSWER)Recurrent disability
Which of the following is NOT true of a major-medical health insurance policy? -
(ANSWER)It is designed to pay on a first dollar of expense basis
NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE EXAM PRACTICE ACTUAL
2025/2026 QUESTIONS AND 100%
CORRECT ANSWERS
What are the 2 types of Flexible Spending Accounts? - (ANSWER)Health care
accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is correct? -
(ANSWER)Cash value is guaranteed
According to the rights of renewability rider for cancellable policies, all of the
following are correct about the cancellation of an individual insurance policy
EXCEPT - (ANSWER)Unearned premiums are retained by the insurance company
In a replacement situation, all of the following must be considered EXCEPT -
(ANSWER)Assets
For an agent to sell continuous care coverage, the agent must meet all of the
following requirements EXCEPT - (ANSWER)Be licensed as a life insurance
producer
Which of the following licensees are not compensated directly related to the
amount of insurance sold? - (ANSWER)Insurance consultant
, 2
Producers must complete how many hours of continuing education on the subject
of ethics every licensing period? - (ANSWER)3 Hours
Which of the following definitions would make it easier to qualify for total
disability benefits? - (ANSWER)The more liberal "own occupation"
Which of the following must be present in all Medicare supplement plans? -
(ANSWER)Plan A
Most agents try to collect the initial premium for submission with the application.
When an agent collects the initial premium from the applicant, the agent should
issue the applicant a - (ANSWER)Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - (ANSWER)Renewal provision
What type of insurance would be used for a Return of Premium rider? -
(ANSWER)Increasing Term
When an insurer combines two periods of disability into one, the insured must
have suffered a - (ANSWER)Recurrent disability
Which of the following is NOT true of a major-medical health insurance policy? -
(ANSWER)It is designed to pay on a first dollar of expense basis
