Nevada Life And Health License Exam Prep
Questions With Correct Answers
What care cthe cfour crequired celements cof can cinsurance ccontract? c- cCORRECT
cANS✔✔Agreement, cconsideration, ccompetent cparties, cand clegal cpurpose.
What ctwo cparts cmake cup ca clife cinsurance capplication? c- cCORRECT
cANS✔✔General cInformation cand cthe cMedical cInformation. cAn cagent's creport ccan
cgo cin ca clife cinsurance capplication cbut cis cnot cincluded cin cthe clife cinsurance cpolicy.
When cmust cinsurable cinterest cexist cin clife cinsurance? c- cCORRECT cANS✔✔At cthe
ctime cof capplication.
When cdoes ccoverage cbegin, cif cthe cpremium cwas csubmitted cwith cthe capplication,
cand cthe cpolicy cwas cissued ctwo cweeks clater? c- cCORRECT cANS✔✔At cthe ctime cof
cthe capplication.
If can cagent cmakes ca cmistake con cthe capplication cand cthen ccorrects cit, cwho cmust
cinitial cthat cchange? c- cCORRECT cANS✔✔The capplicant.
Insurers cmay cchange cwhat con ca cguaranteed crenewable chealth cinsurance cpolity? c-
cCORRECT cANS✔✔The crates cby cclass.
At cwhat cage cmay can cindividual cmake cwithdrawals cfrom can cHSA cfor cnonhealth
cpurposes cwithout cbeing cpenalized? c- cCORRECT cANS✔✔At cage c65.
Which cprovision cstates chow cmuch ctime cmust cpass cbetween ctwo clike cillnesses cin
corder cfor cthe csecond cone cto cbe ccovered cunder ca cnew cset cof cbenefits? c-
cCORRECT cANS✔✔Recurrent cDisability cProvision
In cforming can cinsurance ccontract, cwhen cdoes cacceptance coccur? c- cCORRECT
cANS✔✔When can cinsurer's cunderwriter capproves ccoverage
What cis can cimportant cfeature cof ca cdental cexpense cinsurance cplan cthat cis cnot
cfound cin ca cmedical cexpense cinsurance cplan? c- cCORRECT cANS✔✔Diagnostic cand
cpreventive ccare
,What cbest cdescribes cthe c"first-dollar ccoverage" cprinciple cin cbasic cmedical
cinsurance? c- cCORRECT cANS✔✔The cinsured cis cnot crequired cto cpay ca cdeductible
Occasional cvisits cby cwhat cmedical cprofessionals cwill cnot cbe ccovered cunder cLong-
Term cCare's chome chealth ccare? c- cCORRECT cANS✔✔Attending cphysicians
Can can cindividual cwho cbelongs cto ca cPOS cplan cuse can cout-of-network cphysician? c-
cCORRECT cANS✔✔Yes, cthey ccan cuse cany cphysician ceven cif cnot cpart cof cthe
cHMO
What cis cthe cadvantage cof creinstating ca cpolicy cinstead cof capplying cfor ca cnew cone?
c- cCORRECT cANS✔✔The coriginal cage cis cused cfor cpremium cdetermination
What cwould cbasic cmedical cexpense ccoverage cnot ccover? c- cCORRECT
cANS✔✔Surgeon's cservices
What cis cnot cprovided cby can cHMO? c- cCORRECT cANS✔✔Reimbursement
What cinsurance carrangements cwill cbe cappropriate cfor ca cparent cbuying ca clife
cinsurance cpolicy con ca cchild cwhere cthe cparent cis cthe cpolicyowner? c- cCORRECT
cANS✔✔Third-party cownership
What cis cnot ctrue cabout cdividends? c- cCORRECT cANS✔✔Dividend camounts care
cguaranteed cin cthe cpolicy
What cis cnot ctrue cabout cAccidental cDeath cand cDismemberment? c- cCORRECT
cANS✔✔Death cbenefits care cpaid conly cif cdeath coccurs cwithin c24 chours cof can
caccident
When cwould ca c20-pay cwhole clife cpolicy cendow? c- cCORRECT cANS✔✔When cthe
cinsured creaches cage c100
What csection cof ca chealth cpolicy cthat cstates cthe ccauses cof celigible closs cunder
cwhich can cinsurance cis cassumed cto cbe cdisabled? c- cCORRECT cANS✔✔Insuring
cClause
The cinsurance cclause cof ca cdisability cpolicy cusually cstates cwhat cexcept? c-
cCORRECT cANS✔✔The cmethod cof cpremium cpayment
What cbest cdescribes cannually crenewable cterm cinsurance? c- cCORRECT cANS✔✔It
cis clevel cterm cinsurance
What cbest cdescribes can cannuity cperiod? c- cCORRECT cANS✔✔Period cof ctime
cduring cwhich caccumulated cmoney cis cconverted cinto cincome cpayments
, What cis can celigibility crequirement cfor call cSocial cSecurity cDisability cIncome cbenefits?
c- cCORRECT cANS✔✔Have cattained cfully cinsured cstatus
What cprotects cthe cinsured cfrom cunintentional cpolicy clapse cdue cto ca cnonpayment cof
cpremium? c- cCORRECT cANS✔✔Automatic cpremium cloan
What cis cthe cmaximum camount cthat cthe cNevada cLife c& cHealth cInsurance cGuaranty
cAssociation cbe cobligated cto cpay cwith crespect cto clife cinsurance cdeath cbenefits cfor
cone clife? c- cCORRECT cANS✔✔$300,000
What cis cthe cpenalty cfor ctransacting cinsurance cwithout ca cproper clicense? c-
cCORRECT cANS✔✔$1,000 cfor ceach cviolation
What ctype cof cmisrepresentation cpersuades can cinsured cto ccancel, clapse, cor cswitch
cpolicies cfrom cone cto canother? c- cCORRECT cANS✔✔Twisting
The cpatient cprotection cand caffordable ccare cact cincludes cwhat cexcept? c- cCORRECT
cANS✔✔Individual ctax cdeduction cfor cpremiums cpaid
What centity cdetermines cif can cadvertisement cis cdeceptive cof cconfusing? c-
cCORRECT cANS✔✔The cCommissioner
How cmany cdays cdoes ca cnonresident cprocedure chave cto cfile ca cchange cof caddress
cwhen cthe cagent cmoves cto cNevada cfrom canother cstate? c- cCORRECT cANS✔✔30
cdays
What cis cnot cconsidered ca cmisrepresentation? c- cCORRECT cANS✔✔Making
ccomparisons cbetween cdifferent cpolicies
A cproducer cwho chas callowed ctheir clicense cto clapse cmay creinstate cthe clicense
cwithout cretaking cthe cexamination cwithin cwhat cmaximum ctime cperiod? c- cCORRECT
cANS✔✔12 cmonths cor c1 cyear
Who cis ca cperson, cother cthan ca cviator, cthat centers cinto ca cviatical csettlement? c-
cCORRECT cANS✔✔Viatical cSettlement cProvider
How cmany cdays cafter ccancellation cof ca clicense cin canother cstate cdoes ca cnew
cresident cagent chave cto capply cfor cNevada cproducer clicense cwithout chaving cto cfulfill
clicensing cexamination cand ceducation crequirements? c- cCORRECT cANS✔✔90 cdays
What care cthe cthree cbasic ctypes cof cterm clife cinsurance? c- cCORRECT cANS✔✔The
cthree cbasic ctypes cof cterm clife cinsurance care clevel, cincreasing, cand cdecreasing.
When cwould ca cwhole clife cinsurance cpolicy cmature? c- cCORRECT cANS✔✔The
cwhole clife cinsurance cpolicy cmatures cwhen cthe cinsured cdies cor cturns c100.
Questions With Correct Answers
What care cthe cfour crequired celements cof can cinsurance ccontract? c- cCORRECT
cANS✔✔Agreement, cconsideration, ccompetent cparties, cand clegal cpurpose.
What ctwo cparts cmake cup ca clife cinsurance capplication? c- cCORRECT
cANS✔✔General cInformation cand cthe cMedical cInformation. cAn cagent's creport ccan
cgo cin ca clife cinsurance capplication cbut cis cnot cincluded cin cthe clife cinsurance cpolicy.
When cmust cinsurable cinterest cexist cin clife cinsurance? c- cCORRECT cANS✔✔At cthe
ctime cof capplication.
When cdoes ccoverage cbegin, cif cthe cpremium cwas csubmitted cwith cthe capplication,
cand cthe cpolicy cwas cissued ctwo cweeks clater? c- cCORRECT cANS✔✔At cthe ctime cof
cthe capplication.
If can cagent cmakes ca cmistake con cthe capplication cand cthen ccorrects cit, cwho cmust
cinitial cthat cchange? c- cCORRECT cANS✔✔The capplicant.
Insurers cmay cchange cwhat con ca cguaranteed crenewable chealth cinsurance cpolity? c-
cCORRECT cANS✔✔The crates cby cclass.
At cwhat cage cmay can cindividual cmake cwithdrawals cfrom can cHSA cfor cnonhealth
cpurposes cwithout cbeing cpenalized? c- cCORRECT cANS✔✔At cage c65.
Which cprovision cstates chow cmuch ctime cmust cpass cbetween ctwo clike cillnesses cin
corder cfor cthe csecond cone cto cbe ccovered cunder ca cnew cset cof cbenefits? c-
cCORRECT cANS✔✔Recurrent cDisability cProvision
In cforming can cinsurance ccontract, cwhen cdoes cacceptance coccur? c- cCORRECT
cANS✔✔When can cinsurer's cunderwriter capproves ccoverage
What cis can cimportant cfeature cof ca cdental cexpense cinsurance cplan cthat cis cnot
cfound cin ca cmedical cexpense cinsurance cplan? c- cCORRECT cANS✔✔Diagnostic cand
cpreventive ccare
,What cbest cdescribes cthe c"first-dollar ccoverage" cprinciple cin cbasic cmedical
cinsurance? c- cCORRECT cANS✔✔The cinsured cis cnot crequired cto cpay ca cdeductible
Occasional cvisits cby cwhat cmedical cprofessionals cwill cnot cbe ccovered cunder cLong-
Term cCare's chome chealth ccare? c- cCORRECT cANS✔✔Attending cphysicians
Can can cindividual cwho cbelongs cto ca cPOS cplan cuse can cout-of-network cphysician? c-
cCORRECT cANS✔✔Yes, cthey ccan cuse cany cphysician ceven cif cnot cpart cof cthe
cHMO
What cis cthe cadvantage cof creinstating ca cpolicy cinstead cof capplying cfor ca cnew cone?
c- cCORRECT cANS✔✔The coriginal cage cis cused cfor cpremium cdetermination
What cwould cbasic cmedical cexpense ccoverage cnot ccover? c- cCORRECT
cANS✔✔Surgeon's cservices
What cis cnot cprovided cby can cHMO? c- cCORRECT cANS✔✔Reimbursement
What cinsurance carrangements cwill cbe cappropriate cfor ca cparent cbuying ca clife
cinsurance cpolicy con ca cchild cwhere cthe cparent cis cthe cpolicyowner? c- cCORRECT
cANS✔✔Third-party cownership
What cis cnot ctrue cabout cdividends? c- cCORRECT cANS✔✔Dividend camounts care
cguaranteed cin cthe cpolicy
What cis cnot ctrue cabout cAccidental cDeath cand cDismemberment? c- cCORRECT
cANS✔✔Death cbenefits care cpaid conly cif cdeath coccurs cwithin c24 chours cof can
caccident
When cwould ca c20-pay cwhole clife cpolicy cendow? c- cCORRECT cANS✔✔When cthe
cinsured creaches cage c100
What csection cof ca chealth cpolicy cthat cstates cthe ccauses cof celigible closs cunder
cwhich can cinsurance cis cassumed cto cbe cdisabled? c- cCORRECT cANS✔✔Insuring
cClause
The cinsurance cclause cof ca cdisability cpolicy cusually cstates cwhat cexcept? c-
cCORRECT cANS✔✔The cmethod cof cpremium cpayment
What cbest cdescribes cannually crenewable cterm cinsurance? c- cCORRECT cANS✔✔It
cis clevel cterm cinsurance
What cbest cdescribes can cannuity cperiod? c- cCORRECT cANS✔✔Period cof ctime
cduring cwhich caccumulated cmoney cis cconverted cinto cincome cpayments
, What cis can celigibility crequirement cfor call cSocial cSecurity cDisability cIncome cbenefits?
c- cCORRECT cANS✔✔Have cattained cfully cinsured cstatus
What cprotects cthe cinsured cfrom cunintentional cpolicy clapse cdue cto ca cnonpayment cof
cpremium? c- cCORRECT cANS✔✔Automatic cpremium cloan
What cis cthe cmaximum camount cthat cthe cNevada cLife c& cHealth cInsurance cGuaranty
cAssociation cbe cobligated cto cpay cwith crespect cto clife cinsurance cdeath cbenefits cfor
cone clife? c- cCORRECT cANS✔✔$300,000
What cis cthe cpenalty cfor ctransacting cinsurance cwithout ca cproper clicense? c-
cCORRECT cANS✔✔$1,000 cfor ceach cviolation
What ctype cof cmisrepresentation cpersuades can cinsured cto ccancel, clapse, cor cswitch
cpolicies cfrom cone cto canother? c- cCORRECT cANS✔✔Twisting
The cpatient cprotection cand caffordable ccare cact cincludes cwhat cexcept? c- cCORRECT
cANS✔✔Individual ctax cdeduction cfor cpremiums cpaid
What centity cdetermines cif can cadvertisement cis cdeceptive cof cconfusing? c-
cCORRECT cANS✔✔The cCommissioner
How cmany cdays cdoes ca cnonresident cprocedure chave cto cfile ca cchange cof caddress
cwhen cthe cagent cmoves cto cNevada cfrom canother cstate? c- cCORRECT cANS✔✔30
cdays
What cis cnot cconsidered ca cmisrepresentation? c- cCORRECT cANS✔✔Making
ccomparisons cbetween cdifferent cpolicies
A cproducer cwho chas callowed ctheir clicense cto clapse cmay creinstate cthe clicense
cwithout cretaking cthe cexamination cwithin cwhat cmaximum ctime cperiod? c- cCORRECT
cANS✔✔12 cmonths cor c1 cyear
Who cis ca cperson, cother cthan ca cviator, cthat centers cinto ca cviatical csettlement? c-
cCORRECT cANS✔✔Viatical cSettlement cProvider
How cmany cdays cafter ccancellation cof ca clicense cin canother cstate cdoes ca cnew
cresident cagent chave cto capply cfor cNevada cproducer clicense cwithout chaving cto cfulfill
clicensing cexamination cand ceducation crequirements? c- cCORRECT cANS✔✔90 cdays
What care cthe cthree cbasic ctypes cof cterm clife cinsurance? c- cCORRECT cANS✔✔The
cthree cbasic ctypes cof cterm clife cinsurance care clevel, cincreasing, cand cdecreasing.
When cwould ca cwhole clife cinsurance cpolicy cmature? c- cCORRECT cANS✔✔The
cwhole clife cinsurance cpolicy cmatures cwhen cthe cinsured cdies cor cturns c100.
