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InsNV_Health02 NV Accident and Health is now Stable and With Pass Result | Test Your Knowledge for Free

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InsNV_Health02 Practice Questions

NV Accident and Health

Last Update 2 days ago
Total Questions : 130

Dive into our fully updated and stable InsNV_Health02 practice test platform, featuring all the latest Nevada Insurance exam questions added this week. Our preparation tool is more than just a Insurance Licensing study aid; it's a strategic advantage.

Our free Nevada Insurance practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about InsNV_Health02. Use this test to pinpoint which areas you need to focus your study on.

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Question # 21

Which of the following statements is CORRECT about the Medicaid program?

Options:

A.  

It provides medical assistance for participants who are blind.

B.  

Participants must be at least 55 years of age.

C.  

It is supplemented by Medicare for persons 62 years of age or older.

D.  

The program is administered at the federal level.

Discussion 0
Question # 22

R, a self-employed stockbroker, becomes totally disabled on January 1 and receives $1,500 a month for the next twelve months from her own Individual Disability Income policy, for which she had paid the premium. How much of this income is subject to federal income tax?

Options:

A.  

$18,000

B.  

$12,800

C.  

$9,000

D.  

$0

Discussion 0
Question # 23

Under federal law, a tax exempt Health Savings Account can only be opened for an individual who is:

Options:

A.  

covered by a qualified High Deductible Health Plan

B.  

covered by Long Term Care Insurance

C.  

entitled to Medicare benefits

D.  

eligible to be claimed as a dependent on another person ' s tax return

Discussion 0
Question # 24

An insured who wants to guarantee that an Accident and Health policy will remain in force even in the event of being disabled should purchase which of the following riders?

Options:

A.  

Accidental Death and Dismemberment (AD & D)

B.  

Double Indemnity

C.  

Waiver of Premium

D.  

Guaranteed Insurability

Discussion 0
Question # 25

An insured has a $1,000 deductible and then pays 20% of covered medical expenses, while the insurer pays 80%. What is the insured’s 20% share called?

Options:

A.  

Copayment

B.  

Coinsurance

C.  

Elimination period

D.  

Stop-loss benefit

Discussion 0
Question # 26

Under a Disability policy, the Elimination period is:

Options:

A.  

usually longer for accidents than for sickness

B.  

predetermined by the insurance company

C.  

similar to a deductible but expressed in terms of time rather than dollars

D.  

the same as a Probationary period

Discussion 0
Question # 27

Which of the following persons is NOT required to be licensed by the Nevada Insurance Commissioner?

Options:

A.  

An adjuster’s employee who assists in the investigation and settlement of insurance claims

B.  

A person who procures insurance for an insured

C.  

A salaried insurance company employee who performs clerical and administrative work

D.  

A salaried insurance agency clerk who also receives commissions on applications the clerk processes

Discussion 0
Question # 28

A whole life policyowner stops paying premiums and chooses to use the policy’s cash value to purchase the same face amount of insurance for as long as that cash value will buy. Which nonforfeiture option was selected?

Options:

A.  

Cash surrender

B.  

Extended term insurance

C.  

Reduced paid-up insurance

D.  

Automatic premium loan

Discussion 0
Question # 29

Under a Medicare Supplement policy that is issued in response to a direct solicitation, a policyowner may return the policy to the insurance company for a full premium refund within a MAXIMUM of how many days?

Options:

A.  

Ten

B.  

Thirty

C.  

Forty-five

D.  

Sixty

Discussion 0
Question # 30

In order to be covered under the Nevada Life and Health Insurance Guaranty Association, an insurance company MUST be:

Options:

A.  

rated by AM Best

B.  

admitted

C.  

a fraternal benefit society

D.  

alien

Discussion 0
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