NEVADA C2 EXAMINATION TEST 2026
QUESTIONS AND ANSWERS VERIFIED 100%
CORRECT
◉ An insurer's failure to obtain a certificate of authority does not
impair the validity of any of his acts or contracts and does not
prevent him from ______ any legal action. However, he may not bring
an action in any court of this state arising out of the transaction of
insurance business until he has obtained a certificate.
A. defending
B. bringing. Answer: A. defending
◉ Insurance is best defined as a
A. guarantee that a person will not be exposed to any risk.
B. contract whereby one undertakes to indemnify another or pay a
specified amount upon a specified event.. Answer: B. contract
whereby one undertakes to indemnify another or pay a specified
amount upon a specified event.
,◉ After a policy is in effect for ___ days, or has been renewed, it may
not be cancelled by the insurer before the expiration of the agreed
term or one year from the effective date of the policy or renewal
except for the reasons such as failure to pay the premium when due.
A. 21
B. 70. Answer: B. 70
◉ Every producer of insurance must keep records of all transactions
under his license, but records of a particular policy may be
destroyed __ years after its expiration.
A. two
B. three. Answer: B. three
◉ In Nevada insurers are regulated by the Office of the
A. Financial Commissioner
B. Insurance Commissioner. Answer: B. Insurance Commissioner.
, ◉ ______ is the possibility of suffering a loss.
A. Insurability
B. Risk. Answer: B. Risk
◉ ____________ is insurance against direct loss of, or damage to, real or
personal property, from any cause, as well as any indirect damage
resulting from such direct loss or damage, e.g., the loss of business
income when a shop must close for repairs.
A. Damage insurance
B. Property insurance. Answer: B. Property insurance
◉ An insurer, authorized representative or person that furnishes the
insurer with any information regarding the reasons for cancellation
or nonrenewal has no ______ for statements made concerning the
cancellation or nonrenewal.
A. consequence
QUESTIONS AND ANSWERS VERIFIED 100%
CORRECT
◉ An insurer's failure to obtain a certificate of authority does not
impair the validity of any of his acts or contracts and does not
prevent him from ______ any legal action. However, he may not bring
an action in any court of this state arising out of the transaction of
insurance business until he has obtained a certificate.
A. defending
B. bringing. Answer: A. defending
◉ Insurance is best defined as a
A. guarantee that a person will not be exposed to any risk.
B. contract whereby one undertakes to indemnify another or pay a
specified amount upon a specified event.. Answer: B. contract
whereby one undertakes to indemnify another or pay a specified
amount upon a specified event.
,◉ After a policy is in effect for ___ days, or has been renewed, it may
not be cancelled by the insurer before the expiration of the agreed
term or one year from the effective date of the policy or renewal
except for the reasons such as failure to pay the premium when due.
A. 21
B. 70. Answer: B. 70
◉ Every producer of insurance must keep records of all transactions
under his license, but records of a particular policy may be
destroyed __ years after its expiration.
A. two
B. three. Answer: B. three
◉ In Nevada insurers are regulated by the Office of the
A. Financial Commissioner
B. Insurance Commissioner. Answer: B. Insurance Commissioner.
, ◉ ______ is the possibility of suffering a loss.
A. Insurability
B. Risk. Answer: B. Risk
◉ ____________ is insurance against direct loss of, or damage to, real or
personal property, from any cause, as well as any indirect damage
resulting from such direct loss or damage, e.g., the loss of business
income when a shop must close for repairs.
A. Damage insurance
B. Property insurance. Answer: B. Property insurance
◉ An insurer, authorized representative or person that furnishes the
insurer with any information regarding the reasons for cancellation
or nonrenewal has no ______ for statements made concerning the
cancellation or nonrenewal.
A. consequence
