1
NEVADA LIFE AND HEALTH EXAM NEWEST 2025
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
in forming an insurance contract, when does acceptance usually occurs ? -
(answers)when insurer approves a prepaid application
benefits periods for individually short-term disability policies will usually continue
from... - (answers)six months to two years
when an employee covered under a health reimbursment account changes
employer, the HRA ? - (answers)stays with the employer
most policies will pay the accident death benefits as long is caused by the
accident that occurs within - (answers)90 days
which report will provide the underwriter with the information about a
consumer's credit ? - (answers)consumers report
what's the initial period of time specified in a disability income policy that must
pass after the policy is in force before a loss can be covered ? -
(answers)probationary period
todd has been informed that he has an hernia which requires repair. he
researches the cost and learns his insurance will cover 200 points worth of
, 2
surgical expenses. each point represents $10, which it means $2,000 of his
surgery be covered by his plan. what system is todd insurance company is using ?
- (answers)relative value
a participating insurance policy may.... - (answers)pay dividends to policyowners
an agent makes a mistake on the application and then corrects his mistake by
physically entering the necessary information, who must then initial the change ?
- (answers)the applicant
HIPPAA or health unsurance portability and accountability act, applies to groups
of - (answers)2 or more
which statement is correct concerning the COBRA act of 1985 - (answers)it covers
terminated employee's and dependants for up to 36 months after a qualifying
event
a man decides to purchase a $100,000 annually renewable term insurance life
policy to provide additional protection until his children finished college, he
discovered that this policy - (answers)required a premium increase at each
renewal
when a life insurance policy is cancelled and the insured selected the extended
term nonforfeiture option, the cash value will be used to purchase term insurance
that has the face amount of ? - (answers)equal to the original policy, for as long of
a period of time that the cash value will purchase
, 3
ron joins the PPO that is provided by his employer. if ron decides to go to a
physician who is not a PPO provider, what would happens ? - (answers)the PPO
will pay reduced benefits
if a life insurance develops cash value faster than a seven-paywhole life contract,
it's a - (answers)modified endowment contract
an adjustable life policyowner can.... - (answers)change the coverage period
what's the purpose of the buyer's guide ? - (answers)to allow the consumer to
compare the costs of differents policies
what's the purpose of a disclosure statement in life insurance policies ? -
(answers)help consumers make more informed decisions
a married couple owns a permanent policy which covers both of their lives and
pays the face amount of the policy upon the death of the first. wich policy is that
? - (answers)joint life policy
the provisions which prevents the insured, from bringing any legal action against
the company for the last 60 days after proof of loss, is known as - (answers)legal
actions
, 4
regarding the concept of creditable coverage, the number of days of coverage
spent under the group plan, will be used to reduce the 12-month waiting period
for pre-existing conditions coverage, if the employee does not have a break in
coverage of more than.... - (answers)63 days
which of the following provisions would prevent an insurance company from
paying a reimbursement claim to someone other than the policyowner ? -
(answers)payment of claims
what is "not" correct about the required provisions of a health insurance policy ? -
(answers)that a reinstated policy provides immediate coverage for an illness
the limits of a health reimbursement account are set by.... - (answers)the
employer
when a replecement is involved, a replacing insurance company is "not"
reponsible for.... - (answers)providing a copy of the important notice regarding
replacement of life insurance to the applicant
an individual has just been diagnosed with a quickly-spreading fatal form of
cancer, his oncologist predicts that he will live for 5 months. he applies for
individual life insurance. what risk classification will he most likely receive ? -
(answers)declined
a statements concerning Medicare part B says.. - (answers)it pays for physician
services, diagnostic test and physical therapy
NEVADA LIFE AND HEALTH EXAM NEWEST 2025
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
in forming an insurance contract, when does acceptance usually occurs ? -
(answers)when insurer approves a prepaid application
benefits periods for individually short-term disability policies will usually continue
from... - (answers)six months to two years
when an employee covered under a health reimbursment account changes
employer, the HRA ? - (answers)stays with the employer
most policies will pay the accident death benefits as long is caused by the
accident that occurs within - (answers)90 days
which report will provide the underwriter with the information about a
consumer's credit ? - (answers)consumers report
what's the initial period of time specified in a disability income policy that must
pass after the policy is in force before a loss can be covered ? -
(answers)probationary period
todd has been informed that he has an hernia which requires repair. he
researches the cost and learns his insurance will cover 200 points worth of
, 2
surgical expenses. each point represents $10, which it means $2,000 of his
surgery be covered by his plan. what system is todd insurance company is using ?
- (answers)relative value
a participating insurance policy may.... - (answers)pay dividends to policyowners
an agent makes a mistake on the application and then corrects his mistake by
physically entering the necessary information, who must then initial the change ?
- (answers)the applicant
HIPPAA or health unsurance portability and accountability act, applies to groups
of - (answers)2 or more
which statement is correct concerning the COBRA act of 1985 - (answers)it covers
terminated employee's and dependants for up to 36 months after a qualifying
event
a man decides to purchase a $100,000 annually renewable term insurance life
policy to provide additional protection until his children finished college, he
discovered that this policy - (answers)required a premium increase at each
renewal
when a life insurance policy is cancelled and the insured selected the extended
term nonforfeiture option, the cash value will be used to purchase term insurance
that has the face amount of ? - (answers)equal to the original policy, for as long of
a period of time that the cash value will purchase
, 3
ron joins the PPO that is provided by his employer. if ron decides to go to a
physician who is not a PPO provider, what would happens ? - (answers)the PPO
will pay reduced benefits
if a life insurance develops cash value faster than a seven-paywhole life contract,
it's a - (answers)modified endowment contract
an adjustable life policyowner can.... - (answers)change the coverage period
what's the purpose of the buyer's guide ? - (answers)to allow the consumer to
compare the costs of differents policies
what's the purpose of a disclosure statement in life insurance policies ? -
(answers)help consumers make more informed decisions
a married couple owns a permanent policy which covers both of their lives and
pays the face amount of the policy upon the death of the first. wich policy is that
? - (answers)joint life policy
the provisions which prevents the insured, from bringing any legal action against
the company for the last 60 days after proof of loss, is known as - (answers)legal
actions
, 4
regarding the concept of creditable coverage, the number of days of coverage
spent under the group plan, will be used to reduce the 12-month waiting period
for pre-existing conditions coverage, if the employee does not have a break in
coverage of more than.... - (answers)63 days
which of the following provisions would prevent an insurance company from
paying a reimbursement claim to someone other than the policyowner ? -
(answers)payment of claims
what is "not" correct about the required provisions of a health insurance policy ? -
(answers)that a reinstated policy provides immediate coverage for an illness
the limits of a health reimbursement account are set by.... - (answers)the
employer
when a replecement is involved, a replacing insurance company is "not"
reponsible for.... - (answers)providing a copy of the important notice regarding
replacement of life insurance to the applicant
an individual has just been diagnosed with a quickly-spreading fatal form of
cancer, his oncologist predicts that he will live for 5 months. he applies for
individual life insurance. what risk classification will he most likely receive ? -
(answers)declined
a statements concerning Medicare part B says.. - (answers)it pays for physician
services, diagnostic test and physical therapy
