Nevada Life & Health Exam Questions And Answers 2025 Update.

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 8:10PM. 1 Nevada Life & Health Exam Questions And Answers 2025 Update. In forming an insurance contract, when does acceptance usually occurs ? - Answerwhen insurer approves a prepaid application benefits periods for individually short-term disability policies will usually continue from... - Answersix months to two years when an employee covered under a health reimbursment account changes employer, the HRA ? - Answerstays with the employer most policies will pay the accident death benefits as long is caused by the accident that occurs within - Answer90 days which report will provide the underwriter with the information about a consumer's credit ? - Answerconsumers 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 ? - Answerprobationary 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 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 ? - Answerrelative value a participating insurance policy may.... - Answerpay 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 ? - Answerthe applicant HIPPAA or health unsurance portability and accountability act, applies to groups of - Answer2 or more which statement is correct concerning the COBRA act of 1985 - Answerit covers terminated employee's and dependants for up to 36 months after a qualifying event ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 8:10PM. 2 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 - Answerrequired 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 ? - Answerequal to the original policy, for as long of a period of time that the cash value will purchase 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 ? - Answerthe PPO will pay reduced benefits if a life insurance develops cash value faster than a seven-paywhole life contract, it's a - Answermodified endowment contract an adjustable life policyowner can.... - Answerchange the coverage period what's the purpose of the buyer's guide ? - Answerto allow the consumer to compare the costs of differents policies what's the purpose of a disclosure statement in life insurance policies ? - Answerhelp 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 ? - Answerjoint 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 - Answerlegal actions 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.... - Answer63 days which of the following provisions would prevent an insurance company from paying a reimbursement claim to someone other than the policyowner ? - Answerpayment of claims what is "not" correct about the required provisions of a health insurance policy ? - Answerthat a reinstated policy provides immediate coverage for an illness the limits of a health reimbursement account are set by.... - Answerthe employer when a replecement is involved, a replacing insurance company is "not" reponsible for.... - Answerproviding a copy of the important notice regarding replacement of life insurance to the applicant ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 8:10PM. 3 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 ? - Answerdeclined a statements concerning Medicare part B says.. - Answerit pays for physician services, diagnostic test and physical therapy is a false statement that in a modified endowment contract (MEC).... - Answerthe policyowner can receive contributions at any time without been penalized which rider would not increase the premium for a policyowner ? - Answerimpairment rider what entity has the authority to make changes to an insurance policy ? - Answerinsurer's executive officer is incorrect regarding whole life insurance ... - Answerthat the policy loans are tax-deductible which rider available in disability income insurance, will provide benefits above the base policy amount ? - Answermultiple indemnity rider julie pays for her life insurance annually. until now she has collected an non-taxable dividend check each year. julie has decided that she would rather use the dividends to help pay for her next premium, what option would allow her to do this ? - Answerreduction of premium option an agent tries to sell insurance to an applicant who appears to be confused but is eventually able to give enough info for the applicationto be completed. after the policy was issued the agent talked to the insured's family and they explained that the insured was recovering from a surgery and might have been under the influence of meds at the time of application. what happen then ? - Answerthe policy may be voided if it can be proven that the applicant was not capable of making a buying decision at the time of the application donald purchase a life insurance from company. the agent told him that depending upon the company's investements and expense factor the cash value could be more or less than those show in the policy at issue time. donald policy is.. - Answerinterest-sensitive whole life how long does an insurer have to contest fraudulent misstatements made in a health insurance application ? - Answeras long as the policy is in force what is "not" a feature of a non-cancelable policy ? - Answerthat the insurer may terminate the contract only at renewal for certain conditions what best defines target premium in a universal policy ? - Answerthe recommended amount to keep the policy en force through