NEVADA LIFE AND HEALTH INSURANCE
EXAM STUDY GUIDE 2026 COMPLETE
SOLUTION SET
⫸ credit insurance. Answer: a special type of coverage written to insure
the life of the debtor and pay off the balance of a loan in the event of the
death of the debtor
- Borrower pays the premium
- Creditor is the owner and beneficiary
- amount of insurance cannot exceed amount of indebtedness
⫸ Credit accident and health insurance. Answer: insurance on a debtor
to provide indemnity for a specific loan while the debtor is disabled.
⫸ Eligible groups for Group Life and Health insurance. Answer: -a
single empoloyer providing life or health isnruance benefits to eligible
employees and their dependents
-a political subdivision providing life or health benefits to employees
-an association of persons engaged in a business subject to certification
⫸ Group health insurance. Answer: covers groups of 2 or more persons
formed for a purpose other than to purchase life insurance.
-the purpose of the group must be other than to purchase group
insurance
-the policy benefits are reasonable in relation to the premiums charged.
EXAM STUDY GUIDE 2026 COMPLETE
SOLUTION SET
⫸ credit insurance. Answer: a special type of coverage written to insure
the life of the debtor and pay off the balance of a loan in the event of the
death of the debtor
- Borrower pays the premium
- Creditor is the owner and beneficiary
- amount of insurance cannot exceed amount of indebtedness
⫸ Credit accident and health insurance. Answer: insurance on a debtor
to provide indemnity for a specific loan while the debtor is disabled.
⫸ Eligible groups for Group Life and Health insurance. Answer: -a
single empoloyer providing life or health isnruance benefits to eligible
employees and their dependents
-a political subdivision providing life or health benefits to employees
-an association of persons engaged in a business subject to certification
⫸ Group health insurance. Answer: covers groups of 2 or more persons
formed for a purpose other than to purchase life insurance.
-the purpose of the group must be other than to purchase group
insurance
-the policy benefits are reasonable in relation to the premiums charged.
