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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 # 31

A policyowner names two children as beneficiaries “per stirpes.” If one child dies before the insured but leaves children, how are that deceased child’s share and the surviving child’s share handled?

Options:

A.  

The surviving child receives all proceeds.

B.  

The deceased child’s share passes to the insurer.

C.  

The deceased child’s descendants receive that child’s share.

D.  

The estate of the deceased child automatically receives all proceeds.

Discussion 0
Question # 32

Group coverage for a handicapped dependent child may be continued if the primary insured submits the required proof to the insurance company within what MAXIMUM period of time after the child reaches the limiting age?

Options:

A.  

15 days

B.  

30 days

C.  

31 days

D.  

45 days

Discussion 0
Question # 33

Which of the following BEST describes Medicare Advantage Plans?

Options:

A.  

Privately subsidized government insurance

B.  

Government Subsidized private insurance

C.  

Long-Term care benefits rider added to basic Medicare benefits

D.  

Federally funded welfare benefit plans

Discussion 0
Question # 34

Which of the following organizations is the BEST example of a mutual insurance company?

Options:

A.  

An incorporated insurance company that has its capital divided into shares and is owned by stockholders

B.  

An incorporated insurance company that has no capital stock and has a governing body that is elected by its policyholders

C.  

An unincorporated aggregation of subscribers who operate individually

D.  

An unincorporated insurance company that operates through an attorney-in-fact common to all persons

Discussion 0
Question # 35

A Nevada producer wants to solicit an individual disability-income policy. Which license authority is required?

Options:

A.  

Property insurance authority

B.  

Casualty insurance authority

C.  

Accident and health insurance authority

D.  

Personal lines authority

Discussion 0
Question # 36

The Fair Credit Reporting Act requires that:

Options:

A.  

interest charged on premium loans be limited to a specified amount

B.  

applicants be advised that a consumer report may be requested

C.  

insurance companies treat insureds fairly and not discriminate

D.  

insurance companies pay interest on claims that are paid late

Discussion 0
Question # 37

A client needs a $250,000 death benefit for exactly 20 years to protect a home mortgage. The client wants the lowest practical initial premium and does not need cash-value accumulation. Which policy is most appropriate?

Options:

A.  

Whole life insurance

B.  

Level term life insurance

C.  

Variable life insurance

D.  

Universal life insurance

Discussion 0
Question # 38

Insurance for the primary purpose of repaying a loan in the event of disability is referred to as:

Options:

A.  

Credit Accident and Health policy

B.  

Guaranteed Asset Protection policy

C.  

Credit Life and Major Medical policy

D.  

Loan Repayment policy

Discussion 0
Question # 39

According to Nevada law, an authorized insurer is BEST defined as:

Options:

A.  

any insurer with minimum assets as required by this state

B.  

an insurer with a certificate of authority issued by the National Association of Insurance Commissioners (NAIC)

C.  

an insurer with a certificate of authority issued by the Insurance Commissioner of Nevada

D.  

an insurer authorized under a certificate of authority issued by the Governor of Nevada

Discussion 0
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