Nevada Life and Health Insurance Practice Exam
Questions and Answers
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Terms in this set (200)
Nevada requires that 31 Days
coverage for newborns
begins "from the moment
of birth" and a premium
must be paid within:
Which of the following The agent should have the applicant initial any
statements if CORRECT changes made on the application.
about an agent who is
taking an insurance
application?
Stranger Originated Life Legal Purpose (Insurable Interest)
Insurance (STOLI) has
been found to be in
violation of which of the
following contractual
elements?
,A primary beneficiary has Proceeds will go to the contingent beneficiary.
died before the insured in
a life insurance policy. A
contingent beneficiary is
also named in the policy.
Which of the following will
occur when the insured
dies?
Health coverage provided 26
under the Affordable Care
Act (ACA) shall be made
available for dependents
until the child attains the
age of:
An insured is past due on Full face amount minus any past due premiums.
his life insurance premium,
but is still within the Grace
Period. What will the
beneficiary receive if the
insured dies during this
Grace Period?
The phrase "This policy Internal Limit
will only pay for a semi-
private room" is an
example of a(n):
Which of the following Accidental Death and Dismemberment (AD&D)
types of policies pays a
benefit if the insured goes
blind?
,Which of these types of Variable Life
life insurance allows the
policy owners to have
level premiums and to also
choose from a selection
of investment options?
Taking receipt of Fiduciary responsibility
premiums and holding
them for the insurance
company is an example of:
The individual who Primary Care Physician
provides general medical
care for a patient as well
as the referral for
specialized care is known
as a:
Which of the following Variable Annuity
annuities pays benefits
based on units rather than
specific dollar amounts?
The policyholder has how 10 days
many days to return an
Accident/Health insurance
policy and receive a full
refund on premiums?
Which of the following Major Medical
individual health insurance
policies will provide the
broadest protection?
, Which of the following Defamation
unfair trade practices
involves an agent who
makes malicious
statements about another
person's financial
condition?
Which parts of a life Warranty
insurance policy are
guaranteed to bear true?
P, age 50, purchased an Deferred
annuity that P will fund
with $500/month for 25
years. The annuity will then
pay P retirement payments
after the 15 years. Which
type of of annuity did P
purchase?
B has a $100,000 $300,000
Accidental Death and
Dismemberment policy
that pays triple indemnity
for common carrier death.
If B is killed from an
accident on a commercial
flight, what will the policy
pay B's beneficiary?
Questions and Answers
Save
Terms in this set (200)
Nevada requires that 31 Days
coverage for newborns
begins "from the moment
of birth" and a premium
must be paid within:
Which of the following The agent should have the applicant initial any
statements if CORRECT changes made on the application.
about an agent who is
taking an insurance
application?
Stranger Originated Life Legal Purpose (Insurable Interest)
Insurance (STOLI) has
been found to be in
violation of which of the
following contractual
elements?
,A primary beneficiary has Proceeds will go to the contingent beneficiary.
died before the insured in
a life insurance policy. A
contingent beneficiary is
also named in the policy.
Which of the following will
occur when the insured
dies?
Health coverage provided 26
under the Affordable Care
Act (ACA) shall be made
available for dependents
until the child attains the
age of:
An insured is past due on Full face amount minus any past due premiums.
his life insurance premium,
but is still within the Grace
Period. What will the
beneficiary receive if the
insured dies during this
Grace Period?
The phrase "This policy Internal Limit
will only pay for a semi-
private room" is an
example of a(n):
Which of the following Accidental Death and Dismemberment (AD&D)
types of policies pays a
benefit if the insured goes
blind?
,Which of these types of Variable Life
life insurance allows the
policy owners to have
level premiums and to also
choose from a selection
of investment options?
Taking receipt of Fiduciary responsibility
premiums and holding
them for the insurance
company is an example of:
The individual who Primary Care Physician
provides general medical
care for a patient as well
as the referral for
specialized care is known
as a:
Which of the following Variable Annuity
annuities pays benefits
based on units rather than
specific dollar amounts?
The policyholder has how 10 days
many days to return an
Accident/Health insurance
policy and receive a full
refund on premiums?
Which of the following Major Medical
individual health insurance
policies will provide the
broadest protection?
, Which of the following Defamation
unfair trade practices
involves an agent who
makes malicious
statements about another
person's financial
condition?
Which parts of a life Warranty
insurance policy are
guaranteed to bear true?
P, age 50, purchased an Deferred
annuity that P will fund
with $500/month for 25
years. The annuity will then
pay P retirement payments
after the 15 years. Which
type of of annuity did P
purchase?
B has a $100,000 $300,000
Accidental Death and
Dismemberment policy
that pays triple indemnity
for common carrier death.
If B is killed from an
accident on a commercial
flight, what will the policy
pay B's beneficiary?
