nevada life insurance Exam Questions and
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Terms in this set (56)
During replacement of life B
insurance, a replacing
insurer must do which of
the following?
A Send a copy of the
Notice Regarding
Replacement to the
Department of Insurance
B Obtain a list of all life
insurance policies that will
be replaced
C Guarantee a
replacement for each
existing policy
D Designate a new
producer for a replaced
policy
,Which of the following C
documents must be
provided to the
policyowner or applicant
during policy
replacement?
A Buyer's Guide and Policy
Summary
B Policy illustrations
C Notice Regarding
Replacement
D Disclosure Authorization
Form
Which of the following D
terms is used to describe
a person, other than a
viator, that enters into or
effectuates a viatical
settlement contract?
A Viatical settlement
purchaser
B Viatical settlement
broker
C Viatical settlement
effectuator
D Viatical settlement
provider
, Within how many months D
must a person be
expected to die from a
sickness in order to be
classified as terminally ill?
A3
B6
C 12
D 24
For how long must agents D
retain copies of notices
and sales proposals for
life insurance
applications?
A 1 year
B 5 years
C 10 years
D 3 years
What is the purpose of a B
disclosure statement in life
insurance policies?
A To protect agents and
insurers against lawsuits
B To explain features and
benefits of a proposed
policy to the consumer
C To obtain important
underwriting information
from the applicant
D To help consumers
compare policy prices
Answers
Save
Terms in this set (56)
During replacement of life B
insurance, a replacing
insurer must do which of
the following?
A Send a copy of the
Notice Regarding
Replacement to the
Department of Insurance
B Obtain a list of all life
insurance policies that will
be replaced
C Guarantee a
replacement for each
existing policy
D Designate a new
producer for a replaced
policy
,Which of the following C
documents must be
provided to the
policyowner or applicant
during policy
replacement?
A Buyer's Guide and Policy
Summary
B Policy illustrations
C Notice Regarding
Replacement
D Disclosure Authorization
Form
Which of the following D
terms is used to describe
a person, other than a
viator, that enters into or
effectuates a viatical
settlement contract?
A Viatical settlement
purchaser
B Viatical settlement
broker
C Viatical settlement
effectuator
D Viatical settlement
provider
, Within how many months D
must a person be
expected to die from a
sickness in order to be
classified as terminally ill?
A3
B6
C 12
D 24
For how long must agents D
retain copies of notices
and sales proposals for
life insurance
applications?
A 1 year
B 5 years
C 10 years
D 3 years
What is the purpose of a B
disclosure statement in life
insurance policies?
A To protect agents and
insurers against lawsuits
B To explain features and
benefits of a proposed
policy to the consumer
C To obtain important
underwriting information
from the applicant
D To help consumers
compare policy prices
