NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE PRACTICE EXAM
UPDATED QUESTIONS AND CORRECT
ANSWERS.
Health care accounts and Dependent care accounts - ANS What are the 2 types of Flexible
Spending Accounts?
Cash value is guaranteed - ANS Concerning a Whole Life Policy, which of the following
statements is correct?
Unearned premiums are retained by the insurance company - ANS 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
Assets - ANS In a replacement situation, all of the following must be considered EXCEPT
Be licensed as a life insurance producer - ANS For an agent to sell continuous care coverage,
the agent must meet all of the following requirements EXCEPT
Insurance consultant - ANS Which of the following licensees are not compensated directly
related to the amount of insurance sold?
3 Hours - ANS Producers must complete how many hours of continuing education on the
subject of ethics every licensing period?
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, The more liberal "own occupation" - ANS Which of the following definitions would make it
easier to qualify for total disability benefits?
Plan A - ANS Which of the following must be present in all Medicare supplement plans?
Premium receipt - ANS 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
Renewal provision - ANS Which health insurance provision describes the insured's right to
cancel coverage?
Increasing Term - ANS What type of insurance would be used for a Return of Premium rider?
Recurrent disability - ANS When an insurer combines two periods of disability into one, the
insured must have suffered a
It is designed to pay on a first dollar of expense basis - ANS Which of the following is NOT
true of a major-medical health insurance policy?
They earn lower interest rates than fixed annuities - ANS Which of the following is NOT true
regarding Equity Indexed Annuities?
Individual members of the group may select the level of benefits for their own coverage -
ANS Underwriting a group health insurance plan that is paid for by the employer requires all
of the following EXCEPT
High-deductible health plan - ANS To be eligible for a Health Savings Account, an individual
must be covered by a
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
INSURANCE PRACTICE EXAM
UPDATED QUESTIONS AND CORRECT
ANSWERS.
Health care accounts and Dependent care accounts - ANS What are the 2 types of Flexible
Spending Accounts?
Cash value is guaranteed - ANS Concerning a Whole Life Policy, which of the following
statements is correct?
Unearned premiums are retained by the insurance company - ANS 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
Assets - ANS In a replacement situation, all of the following must be considered EXCEPT
Be licensed as a life insurance producer - ANS For an agent to sell continuous care coverage,
the agent must meet all of the following requirements EXCEPT
Insurance consultant - ANS Which of the following licensees are not compensated directly
related to the amount of insurance sold?
3 Hours - ANS Producers must complete how many hours of continuing education on the
subject of ethics every licensing period?
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, The more liberal "own occupation" - ANS Which of the following definitions would make it
easier to qualify for total disability benefits?
Plan A - ANS Which of the following must be present in all Medicare supplement plans?
Premium receipt - ANS 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
Renewal provision - ANS Which health insurance provision describes the insured's right to
cancel coverage?
Increasing Term - ANS What type of insurance would be used for a Return of Premium rider?
Recurrent disability - ANS When an insurer combines two periods of disability into one, the
insured must have suffered a
It is designed to pay on a first dollar of expense basis - ANS Which of the following is NOT
true of a major-medical health insurance policy?
They earn lower interest rates than fixed annuities - ANS Which of the following is NOT true
regarding Equity Indexed Annuities?
Individual members of the group may select the level of benefits for their own coverage -
ANS Underwriting a group health insurance plan that is paid for by the employer requires all
of the following EXCEPT
High-deductible health plan - ANS To be eligible for a Health Savings Account, an individual
must be covered by a
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
