Nevada Life, Accident, Health Insurance Exam
Practice COMPREHENSIVE QUESTIONS AND
VERIFIED SOLUTIONS
Health care accounts and Dependent care accounts - ✔✔What are the 2 types
of Flexible Spending Accounts? Cash value is guaranteed - ✔✔Concerning a
Whole Life Policy, which of the following statements is correct? Unearned
premiums are retained by the insurance company - ✔✔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 Assets - ✔✔In
a replacement situation, all of the following must be considered EXCEPT Be
licensed as a life insurance producer - ✔✔For an agent to sell continuous care
coverage, the agent must meet all of the following requirements EXCEPT
Insurance consultant - ✔✔Which of the following licensees are not
compensated directly related to the amount of insurance sold? 3 Hours -
✔✔Producers must complete how many hours of continuing education on the
subject of ethics every licensing period? The more liberal "own occupation" -
✔✔Which of the following definitions would make it easier to qualify for total
disability benefits? Plan A - ✔✔Which of the following must be present in all
Medicare supplement plans? Premium receipt - ✔✔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 Renewal provision - ✔✔Which health insurance provision describes
the insured's right to cancel coverage? Increasing Term - ✔✔What type of
insurance would be used for a Return of Premium rider? Recurrent disability -
✔✔When an insurer combines two periods of disability into one, the insured
must have suffered a It is designed to pay on a first dollar of expense basis -
✔✔Which of the following is NOT true of a major-medical health insurance
policy? They earn lower interest rates than fixed annuities - ✔✔Which of the
following is NOT true regarding Equity Indexed Annuities? Individual members
of the group may select the level of benefits for their own coverage -
✔✔Underwriting a group health insurance plan that is paid for by the employer
requires all of the following EXCEPT High-deductible health plan - ✔✔To be
eligible for a Health Savings Account, an individual must be covered by a Face
amount - ✔✔Which policy component decreases in decreasing term insurance?
Practice COMPREHENSIVE QUESTIONS AND
VERIFIED SOLUTIONS
Health care accounts and Dependent care accounts - ✔✔What are the 2 types
of Flexible Spending Accounts? Cash value is guaranteed - ✔✔Concerning a
Whole Life Policy, which of the following statements is correct? Unearned
premiums are retained by the insurance company - ✔✔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 Assets - ✔✔In
a replacement situation, all of the following must be considered EXCEPT Be
licensed as a life insurance producer - ✔✔For an agent to sell continuous care
coverage, the agent must meet all of the following requirements EXCEPT
Insurance consultant - ✔✔Which of the following licensees are not
compensated directly related to the amount of insurance sold? 3 Hours -
✔✔Producers must complete how many hours of continuing education on the
subject of ethics every licensing period? The more liberal "own occupation" -
✔✔Which of the following definitions would make it easier to qualify for total
disability benefits? Plan A - ✔✔Which of the following must be present in all
Medicare supplement plans? Premium receipt - ✔✔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 Renewal provision - ✔✔Which health insurance provision describes
the insured's right to cancel coverage? Increasing Term - ✔✔What type of
insurance would be used for a Return of Premium rider? Recurrent disability -
✔✔When an insurer combines two periods of disability into one, the insured
must have suffered a It is designed to pay on a first dollar of expense basis -
✔✔Which of the following is NOT true of a major-medical health insurance
policy? They earn lower interest rates than fixed annuities - ✔✔Which of the
following is NOT true regarding Equity Indexed Annuities? Individual members
of the group may select the level of benefits for their own coverage -
✔✔Underwriting a group health insurance plan that is paid for by the employer
requires all of the following EXCEPT High-deductible health plan - ✔✔To be
eligible for a Health Savings Account, an individual must be covered by a Face
amount - ✔✔Which policy component decreases in decreasing term insurance?
