NEVADA HEALTH AND LIFE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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NEVADA LIFE & HEALTH
Institution
NEVADA LIFE & HEALTH
NEVADA HEALTH AND LIFE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
With a contributory Group life Plan, what percentage of employees must particpate? - Precise Answer At least 75%
Basic Health Insurance Plans do not have a deductible, so they are know as providing: - Precise Answer "First D...
NEVADA HEALTH AND LIFE EXAM
2024/2025 WITH 100% ACCURATE
SOLUTIONS
With a contributory Group life Plan, what percentage of employees must
particpate? - Precise Answer ✔✔At least 75%
Basic Health Insurance Plans do not have a deductible, so they are know
as providing: - Precise Answer ✔✔"First Dollar" coverage
Which of the following is true regarding Vision insurance? - Precise
Answer ✔✔It typically does not cover the cost to replace frames or
lenses that are lost or broken.
What is the name of a singly policy covering two or more lives that pays
benefits upon the death of the first insured? - Precise Answer ✔✔Joint
Life
What do ADLs trigger? - Precise Answer ✔✔long term care insurance
Under Social Security, a worker needs 10 years of work to be considered
________ insured. - Precise Answer ✔✔Fully
,Open enrollment periods are offered on a(n) ______ basis that allows
individuals to enroll without evidence of insurability or to make
changes. - Precise Answer ✔✔Annual
_________ Options allow for the distribution of the life insurance death
benefit, to the named beneficiary or contract owner, as the situation
warrants. - Precise Answer ✔✔Settlement
Provisions and clauses, unlike riders, are included in the contract for: -
Precise Answer ✔✔No additional charge
When are LTC premiums deductible for an employer? - Precise Answer
✔✔Any time premiums for employee policies are paid by the employer.
Wayne incurs a $2,000 medical bill. If his health policy has a $1,000
deductible and an 80/20 coinsurance percentage, how much will the
insurer pay? - Precise Answer ✔✔$800
The following are all normally excluded from dental coverage, except: -
Precise Answer ✔✔Braces
Life insurance protection for a specified period of time is provided by
what type of policy? - Precise Answer ✔✔Term
,Which of the following is considered an insurance consultant in the state
of Nevada? - Precise Answer ✔✔An individual providing insurance
advice in exchange for compensation
Paul is the insured and policyowner. Paul named Danny and Kayla as
co-primary beneficiaries of Paul's $100,000 policy. Danny is to receive
70% and Kayla is to receive 30%, therefore Danny gets $________ and
Kayla gets $______ when Paul dies. - Precise Answer
✔✔$70,000/$30,000
All of the following terms are the same regardless if the policy is life
insurance or an annuity, except: - Precise Answer ✔✔Annuitant
Which of the following is responsible for paying the premiums due on a
life insurance policy? - Precise Answer ✔✔Policyowner
At the time of policy delivery, the producer has been informed there is a
change in the insured's health status. If the premium has not been
collected, the producer should: - Precise Answer ✔✔Return the policy
to the insurer for further underwriting
When a producer receives an application for life insurance that is
completed and signed, but without premium payment, when does
coverage start? - Precise Answer ✔✔On the date the policy is delivered
and premium collected
, The Nevada Life and Health Guaranty Association is liable for: - Precise
Answer ✔✔An amount that does not exceed the impaired insurer's
contractual obligations
In a replacement transaction, all of the following are insurer duties and
responsibilities, except: - Precise Answer ✔✔Contact the client to
assure that they understand the transaction
The life insurance policy cost basis consists of: - Precise Answer
✔✔The premiums paid in
Which of the following is incorrect regarding the group underwriting
process? - Precise Answer ✔✔Adverse selection is not a concern for
group contracts
Other than the applicant, which signature is required on an application? -
Precise Answer ✔✔Agent
A product designed to provide coverage for necessary diagnostic,
preventive, therapeutic, rehabilitative, maintenance, or personal care
services provided in a setting other than an acute care unit of a hospital
is called: - Precise Answer ✔✔Long-term care
Which provision is an Option Uniform Provision - Precise Answer
✔✔Misstatement of Age
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