Nevada Life, Accident, Health Insurance Exam Practice QUESTIONS AND ANSWERS 100% CORRECT
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Accident and Health Insurance Agent
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Accident And Health Insurance Agent
Health care accounts and Dependent care accounts Correct Answer: What are the 2 types of Flexible Spending Accounts?
Cash value is guaranteed Correct Answer: Concerning a Whole Life Policy, which of the following statements is correct?
Unearned premiums are retained by the insurance company...
health insurance exam practice questions and answers 100 correct
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Nevada Life, Accident, Health Insurance Exam Practice
QUESTIONS AND ANSWERS 100% CORRECT
Health care accounts and Dependent care accounts Correct Answer: What are the 2 types of
Flexible Spending Accounts?
Cash value is guaranteed Correct Answer: Concerning a Whole Life Policy, which of the
following statements is correct?
Unearned premiums are retained by the insurance company Correct 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 Correct Answer: In a replacement situation, all of the following must be considered
EXCEPT
Be licensed as a life insurance producer Correct Answer: For an agent to sell continuous care
coverage, the agent must meet all of the following requirements EXCEPT
Insurance consultant Correct Answer: Which of the following licensees are not compensated
directly related to the amount of insurance sold?
3 Hours Correct Answer: Producers must complete how many hours of continuing education on
the subject of ethics every licensing period?
The more liberal "own occupation" Correct Answer: Which of the following definitions would
make it easier to qualify for total disability benefits?
Plan A Correct Answer: Which of the following must be present in all Medicare supplement
plans?
Premium receipt Correct 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 Correct Answer: Which health insurance provision describes the insured's
right to cancel coverage?
Increasing Term Correct Answer: What type of insurance would be used for a Return of
Premium rider?
Recurrent disability Correct 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 Correct Answer: Which of the following is
NOT true of a major-medical health insurance policy?
They earn lower interest rates than fixed annuities Correct Answer: Which of the following is
NOT true regarding Equity Indexed Annuities?
Individual members of the group may select the level of benefits for their own coverage Correct
Answer: Underwriting a group health insurance plan that is paid for by the employer requires all
of the following EXCEPT
High-deductible health plan Correct Answer: To be eligible for a Health Savings Account, an
individual must be covered by a
Face amount Correct Answer: Which policy component decreases in decreasing term insurance?
Acute care in a hospital Correct Answer: Which of the following is NOT covered under a long-
term care policy?
Term rider Correct Answer: Which of the following, when attached to a permanent life
insurance policy, allows the policyowner to customize the policy to provide an additional amount
of temporary insurance on the insured, or allows amounts of temporary insurance to cover other
family members?
Deferred Correct Answer: An individual has been making periodic premium payments on an
annuity. The annuity income payments are schedules to begin after 1 year since the annuity was
purchased what type of annuity is it?
Daily care by medical personnel Correct Answer: What amount of care is provided in LTC's
intermediate care?
$500,000 Correct Answer: What is the maximum amount that the Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with respect to major medical insurance
for one life?
1 year Correct Answer: A life producer applying for a viatical settlement broker license may be
exempt from the prelicensing education and examination requirement if the producer has held an
active life license for at least how many years?
The surviving beneficiary will continue receiving 2/3 of the benefit paid when both beneficiaries
were alive Correct Answer: An insured has chosen joint and 2/3 survivor as the settlement
option. What does this mean to the beneficiaries?
Increasing term Correct Answer: What type of insurance would be used for a Return of
Premium rider?
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