NEVADA LIFE, ACCIDENT, HEALTH
INSURANCE EXAM 2024/2025
What are the 2 types of Flexible Spending Accounts? - Precise Answer
✔✔Health care accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - Precise 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 - Precise Answer ✔✔Unearned premiums are
retained by the insurance company
In a replacement situation, all of the following must be considered
EXCEPT - Precise Answer ✔✔Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - Precise Answer ✔✔Be licensed
as a life insurance producer
Which of the following licensees are not compensated directly related to
the amount of insurance sold? - Precise Answer ✔✔Insurance consultant
, Producers must complete how many hours of continuing education on
the subject of ethics every licensing period? - Precise Answer ✔✔3
Hours
Which of the following definitions would make it easier to qualify for
total disability benefits? - Precise Answer ✔✔The more liberal "own
occupation"
Which of the following must be present in all Medicare supplement
plans? - Precise 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 - Precise Answer
✔✔Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - Precise Answer ✔✔Renewal provision
What type of insurance would be used for a Return of Premium rider? -
Precise Answer ✔✔Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - Precise Answer ✔✔Recurrent disability
INSURANCE EXAM 2024/2025
What are the 2 types of Flexible Spending Accounts? - Precise Answer
✔✔Health care accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - Precise 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 - Precise Answer ✔✔Unearned premiums are
retained by the insurance company
In a replacement situation, all of the following must be considered
EXCEPT - Precise Answer ✔✔Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - Precise Answer ✔✔Be licensed
as a life insurance producer
Which of the following licensees are not compensated directly related to
the amount of insurance sold? - Precise Answer ✔✔Insurance consultant
, Producers must complete how many hours of continuing education on
the subject of ethics every licensing period? - Precise Answer ✔✔3
Hours
Which of the following definitions would make it easier to qualify for
total disability benefits? - Precise Answer ✔✔The more liberal "own
occupation"
Which of the following must be present in all Medicare supplement
plans? - Precise 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 - Precise Answer
✔✔Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - Precise Answer ✔✔Renewal provision
What type of insurance would be used for a Return of Premium rider? -
Precise Answer ✔✔Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - Precise Answer ✔✔Recurrent disability
