2026 NEVADA LIFE AND HEALTH
COMPREHENSIVE QUESTIONS AND ANSWERS
SURE A+
✔✔How soon following the occurrence of a covered loss must an insured submit written
proof of such loss to the insurance company? - ✔✔Within 90 days to 1 year
✔✔What provision states that the insurance company must pay Medical Expense
claims immediately? - ✔✔Time of Payment of Claims
✔✔What is does the Insuring Clause do? - ✔✔It identifies the agreement between the
insured and the insurance company and the loss covered.
✔✔What does the Insuring Clause of a disability policy not include? - ✔✔The method of
premium payment
✔✔In respect to the Consideration Clause, which of the following is consideration on the
part of the insurer? - ✔✔The insurer promises to pay in accordance with the contract
terms.
, ✔✔A Waiver of Premium Provision may be included with which kind of health insurance
policy? - ✔✔A Disability Income policy.
✔✔What must Medicare Supplement policies and Long-Term Care policies be written
as? - ✔✔A guaranteed renewable contract.
✔✔According to the Rights of Renewability Rider for cancellable policies what is untrue
about the cancellation of an individual insurance policy? - ✔✔Any unearned premiums
are retained by the insurance company.
✔✔What is not a feature of a guaranteed renewable provision? - ✔✔The insurer can
increase the policy premium on a individual basis.
✔✔What health insurance provision describes the insured's right to cancel coverage? -
✔✔The Renewal Provision.
✔✔The premium charge for exercising the guaranteed insurability rider is based upon
the insured's what? - ✔✔The attained age.
✔✔What feature is not a part of a noncancellable policy? - ✔✔The insurer can terminate
the contract at the renewal for certain conditions.
✔✔The insurer can change what on a Guaranteed Renewable Health Insurance policy?
- ✔✔The rates by class.
✔✔According to the Reinstatement Provision, once a lapsed policy is reinstated, how
soon will coverage be available for accidents? - ✔✔It is available immediately.
✔✔How will changing one's occupation to be more hazardous affect the health
insurance policy in force? - ✔✔The claim benefits will be reduced to what the premium
would have bought.
✔✔What does it mean if a Health Insurance policy has a 31-day grace period - ✔✔The
policy remains in effect until the period ends if the premium has still not been paid.
✔✔If the insured pays a monthly premium for a Health Insurance policy, how long would
the grace period be on the policy? - ✔✔It would last for 10 days.
✔✔What is a deductible in a Health Insurance policy? - ✔✔The specified dollar amount
that the insured must pay before the insurer pays the policy benefits.
✔✔What are usual, reasonable, and customary charges based on? - ✔✔The average
charge for a procedure in a specific geographic region.
COMPREHENSIVE QUESTIONS AND ANSWERS
SURE A+
✔✔How soon following the occurrence of a covered loss must an insured submit written
proof of such loss to the insurance company? - ✔✔Within 90 days to 1 year
✔✔What provision states that the insurance company must pay Medical Expense
claims immediately? - ✔✔Time of Payment of Claims
✔✔What is does the Insuring Clause do? - ✔✔It identifies the agreement between the
insured and the insurance company and the loss covered.
✔✔What does the Insuring Clause of a disability policy not include? - ✔✔The method of
premium payment
✔✔In respect to the Consideration Clause, which of the following is consideration on the
part of the insurer? - ✔✔The insurer promises to pay in accordance with the contract
terms.
, ✔✔A Waiver of Premium Provision may be included with which kind of health insurance
policy? - ✔✔A Disability Income policy.
✔✔What must Medicare Supplement policies and Long-Term Care policies be written
as? - ✔✔A guaranteed renewable contract.
✔✔According to the Rights of Renewability Rider for cancellable policies what is untrue
about the cancellation of an individual insurance policy? - ✔✔Any unearned premiums
are retained by the insurance company.
✔✔What is not a feature of a guaranteed renewable provision? - ✔✔The insurer can
increase the policy premium on a individual basis.
✔✔What health insurance provision describes the insured's right to cancel coverage? -
✔✔The Renewal Provision.
✔✔The premium charge for exercising the guaranteed insurability rider is based upon
the insured's what? - ✔✔The attained age.
✔✔What feature is not a part of a noncancellable policy? - ✔✔The insurer can terminate
the contract at the renewal for certain conditions.
✔✔The insurer can change what on a Guaranteed Renewable Health Insurance policy?
- ✔✔The rates by class.
✔✔According to the Reinstatement Provision, once a lapsed policy is reinstated, how
soon will coverage be available for accidents? - ✔✔It is available immediately.
✔✔How will changing one's occupation to be more hazardous affect the health
insurance policy in force? - ✔✔The claim benefits will be reduced to what the premium
would have bought.
✔✔What does it mean if a Health Insurance policy has a 31-day grace period - ✔✔The
policy remains in effect until the period ends if the premium has still not been paid.
✔✔If the insured pays a monthly premium for a Health Insurance policy, how long would
the grace period be on the policy? - ✔✔It would last for 10 days.
✔✔What is a deductible in a Health Insurance policy? - ✔✔The specified dollar amount
that the insured must pay before the insurer pays the policy benefits.
✔✔What are usual, reasonable, and customary charges based on? - ✔✔The average
charge for a procedure in a specific geographic region.
