Nevada Life, Accident, Health Insurance
Exam Practice Q&A 100% Solved
What are the 2 types of Flexible Spending Accounts? - ✔✔Health care
accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - ✔✔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 - ✔✔Unearned premiums are retained by the insurance
company
In a replacement situation, all of the following must be considered EXCEPT
- ✔✔Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - ✔✔Be licensed as a life insurance
producer
Which of the following licensees are not compensated directly related to the
amount of insurance sold? - ✔✔Insurance consultant
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Producers must complete how many hours of continuing education on the
subject of ethics every licensing period? - ✔✔3 Hours
Which of the following definitions would make it easier to qualify for total
disability benefits? - ✔✔The more liberal "own occupation"
Which of the following must be present in all Medicare supplement plans? -
✔✔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 - ✔✔Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - ✔✔Renewal provision
What type of insurance would be used for a Return of Premium rider? -
✔✔Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - ✔✔Recurrent disability
Which of the following is NOT true of a major-medical health insurance
policy? - ✔✔It is designed to pay on a first dollar of expense basis
Which of the following is NOT true regarding Equity Indexed Annuities? -
✔✔They earn lower interest rates than fixed annuities
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Exam Practice Q&A 100% Solved
What are the 2 types of Flexible Spending Accounts? - ✔✔Health care
accounts and Dependent care accounts
Concerning a Whole Life Policy, which of the following statements is
correct? - ✔✔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 - ✔✔Unearned premiums are retained by the insurance
company
In a replacement situation, all of the following must be considered EXCEPT
- ✔✔Assets
For an agent to sell continuous care coverage, the agent must meet all of
the following requirements EXCEPT - ✔✔Be licensed as a life insurance
producer
Which of the following licensees are not compensated directly related to the
amount of insurance sold? - ✔✔Insurance consultant
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Producers must complete how many hours of continuing education on the
subject of ethics every licensing period? - ✔✔3 Hours
Which of the following definitions would make it easier to qualify for total
disability benefits? - ✔✔The more liberal "own occupation"
Which of the following must be present in all Medicare supplement plans? -
✔✔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 - ✔✔Premium receipt
Which health insurance provision describes the insured's right to cancel
coverage? - ✔✔Renewal provision
What type of insurance would be used for a Return of Premium rider? -
✔✔Increasing Term
When an insurer combines two periods of disability into one, the insured
must have suffered a - ✔✔Recurrent disability
Which of the following is NOT true of a major-medical health insurance
policy? - ✔✔It is designed to pay on a first dollar of expense basis
Which of the following is NOT true regarding Equity Indexed Annuities? -
✔✔They earn lower interest rates than fixed annuities
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
