NEVADA LIFE, ACCIDENT,
HEALTH INSURANCE PRACTICE
EXAM QUESTIONS & ANSWERS
WITH COMPLETE SOLUTIONS
GRADED A+
QUESTIONS AND ANSWERS
Health care accounts and Dependent care accounts. ANSWER -What are the 2 types
of Flexible Spending Accounts?
Cash value is guaranteed. ANSWER -Concerning a Whole Life Policy, which of the
following statements is correct?
Unearned premiums are retained by the insurance company. ANSWER -According to
the rights of renewability rider for cancellable policies, all of the following are correct
about the cancellation of an individual insurance policy EXCEPT
Assets. ANSWER -In a replacement situation, all of the following must be considered
EXCEPT
Be licensed as a life insurance producer. ANSWER -For an agent to sell continuous
care coverage, the agent must meet all of the following requirements EXCEPT
Insurance consultant. ANSWER -Which of the following licensees are not
compensated directly related to the amount of insurance sold?
, 3 Hours. ANSWER -Producers must complete how many hours of continuing
education on the subject of ethics every licensing period?
The more liberal "own occupation". ANSWER -Which of the following definitions
would make it easier to qualify for total disability benefits?
Plan A. ANSWER -Which of the following must be present in all Medicare
supplement plans?
Premium receipt. ANSWER -Most agents try to collect the initial premium for
submission with the application. When an agent collects the initial premium from the
applicant, the agent should issue the applicant a
Renewal provision. ANSWER -Which health insurance provision describes the
insured's right to cancel coverage?
Increasing Term. ANSWER -What type of insurance would be used for a Return of
Premium rider?
Recurrent disability. ANSWER -When an insurer combines two periods of disability
into one, the insured must have suffered a
It is designed to pay on a first dollar of expense basis. ANSWER -Which of the
following is NOT true of a major-medical health insurance policy?
HEALTH INSURANCE PRACTICE
EXAM QUESTIONS & ANSWERS
WITH COMPLETE SOLUTIONS
GRADED A+
QUESTIONS AND ANSWERS
Health care accounts and Dependent care accounts. ANSWER -What are the 2 types
of Flexible Spending Accounts?
Cash value is guaranteed. ANSWER -Concerning a Whole Life Policy, which of the
following statements is correct?
Unearned premiums are retained by the insurance company. ANSWER -According to
the rights of renewability rider for cancellable policies, all of the following are correct
about the cancellation of an individual insurance policy EXCEPT
Assets. ANSWER -In a replacement situation, all of the following must be considered
EXCEPT
Be licensed as a life insurance producer. ANSWER -For an agent to sell continuous
care coverage, the agent must meet all of the following requirements EXCEPT
Insurance consultant. ANSWER -Which of the following licensees are not
compensated directly related to the amount of insurance sold?
, 3 Hours. ANSWER -Producers must complete how many hours of continuing
education on the subject of ethics every licensing period?
The more liberal "own occupation". ANSWER -Which of the following definitions
would make it easier to qualify for total disability benefits?
Plan A. ANSWER -Which of the following must be present in all Medicare
supplement plans?
Premium receipt. ANSWER -Most agents try to collect the initial premium for
submission with the application. When an agent collects the initial premium from the
applicant, the agent should issue the applicant a
Renewal provision. ANSWER -Which health insurance provision describes the
insured's right to cancel coverage?
Increasing Term. ANSWER -What type of insurance would be used for a Return of
Premium rider?
Recurrent disability. ANSWER -When an insurer combines two periods of disability
into one, the insured must have suffered a
It is designed to pay on a first dollar of expense basis. ANSWER -Which of the
following is NOT true of a major-medical health insurance policy?
