Nevada State Laws (100% accurate)

$________ for basic health or major medical insurance. correct answers $500,000 $________ for coverage not defined as disability or basic health insurance. correct answers $100,000 $_________ for disability insurance. correct answers $300,000 $_________ in annuity benefits and $________ in net cash surrender and withdrawal values. correct answers $100,000; $100,000 $_________ in life insurance death benefits and $_________ in net cash surrender and withdraws values correct answers $300,000; $100,000 A binder has ; correct answers - coverage less than $1 million - copy must be delivered 24 hours after binder becomes effective A binder is effective for _______ but may be extended _____ within approval of the commissioner. correct answers 90 DAYS; 30 DAYS A licensee must inform the commissioner of each change of business of residence address within ________ after the change. correct answers 30 DAYS A motor vehicle is uninsured when correct answers - no liability insurance for bodily injury or bond in force at the time of the accident - Liability insurance for bodily injury or bond in force is less than the amount required - motor vehicle insurer is unable to make payment because of insolvency A person who allows his/her license to expire, may reapply for same license within ________ without passing a written examination or completing a course of study. correct answers 12 MONTHS A policy may only cancel a policy mid-term if it has certain grounds to do so once the policy has been in force at least how many days? correct answers 70 Acting as a motor vehicle physical damage appraisal without a license is punishable by an administrative fine of up to _______ for each violation. correct answers $1,000 Adjuster correct answers Person who investigates and negotiates the settlement of claims arising under insurance contracts as an employee of the insurer or as an independent contractor. Any person violating any provision of the Insurance Code is guilty of a ___________. correct answers Misdemeanor