Life Insurance Nevada Exam Questions With
Correct Answers
When requested by a person aggrieved by an act, a hearing must be held within how many days
after the commissioner receives the written demand? - answer✔✔30 days
Which of the following actions by an insurance company will cause an examination by the
commissioner? - answer✔✔Application for an initial certificate of authority
How many days does a nonresidential producer have to file a change of address when the agent
moves to Nevada from another state? - answer✔✔30 days
All advertisements are responsibility of - answer✔✔The insurer
Which of the following documents must be provided to the policy owner or applicant during
policy replacement? - answer✔✔Buyers guide and policy summary
A licensed agent in Utah wants to become a nonresident agent in Nevada in the same line of
insurance. Considering that all other requirements are met, which of the following would most
likely happen? - answer✔✔The agent will be exempt from education and examination
requirements
Which of the following is required for a producer to transact business on behalf of an insurer? -
answer✔✔An agent appointment
A life producer applying for a viatical settlement broker license may be exempt from the pre-
licensing education examination requirement if the producer held an active life license for at
least how many years? - answer✔✔1 year
All of the following could be considered rebating if offered to an insured in the sale of insurance
except - answer✔✔Dividends from a mutual insurer
During the replacement of life insurance, a replacing insurer must do which of the following? -
answer✔✔Obtain a list of all life insurance policies that will be replaced
The commissioner of insurance is responsible for all of the following actions except -
answer✔✔Setting new premium rates
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