NEVADA LIFE & HEALTH EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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Module
NEVADA LIFE & HEALTH
Institution
NEVADA LIFE & HEALTH
NEVADA LIFE & HEALTH EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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NEVADA LIFE & HEALTH EXAM
2024/2025 WITH 100% ACCURATE
SOLUTIONS
in forming an insurance contract, when does acceptance usually occurs ?
- Precise Answer ✔✔when insurer approves a prepaid application
benefits periods for individually short-term disability policies will
usually continue from... - Precise Answer ✔✔six months to two years
when an employee covered under a health reimbursment account
changes employer, the HRA ? - Precise Answer ✔✔stays with the
employer
most policies will pay the accident death benefits as long is caused by
the accident that occurs within - Precise Answer ✔✔90 days
which report will provide the underwriter with the information about a
consumer's credit ? - Precise Answer ✔✔consumers report
what's the initial period of time specified in a disability income policy
that must pass after the policy is in force before a loss can be covered ? -
Precise Answer ✔✔probationary period
,todd has been informed that he has an hernia which requires repair. he
researches the cost and learns his insurance will cover 200 points worth
of surgical expenses. each point represents $10, which it means $2,000
of his surgery be covered by his plan. what system is todd insurance
company is using ? - Precise Answer ✔✔relative value
a participating insurance policy may.... - Precise Answer ✔✔pay
dividends to policyowners
an agent makes a mistake on the application and then corrects his
mistake by physically entering the necessary information, who must then
initial the change ? - Precise Answer ✔✔the applicant
HIPPAA or health unsurance portability and accountability act, applies
to groups of - Precise Answer ✔✔2 or more
which statement is correct concerning the COBRA act of 1985 - Precise
Answer ✔✔it covers terminated employee's and dependants for up to 36
months after a qualifying event
a man decides to purchase a $100,000 annually renewable term
insurance life policy to provide additional protection until his children
finished college, he discovered that this policy - Precise Answer
✔✔required a premium increase at each renewal
when a life insurance policy is cancelled and the insured selected the
extended term nonforfeiture option, the cash value will be used to
,purchase term insurance that has the face amount of ? - Precise Answer
✔✔equal to the original policy, for as long of a period of time that the
cash value will purchase
ron joins the PPO that is provided by his employer. if ron decides to go
to a physician who is not a PPO provider, what would happens ? -
Precise Answer ✔✔the PPO will pay reduced benefits
if a life insurance develops cash value faster than a seven-paywhole life
contract, it's a - Precise Answer ✔✔modified endowment contract
an adjustable life policyowner can.... - Precise Answer ✔✔change the
coverage period
what's the purpose of the buyer's guide ? - Precise Answer ✔✔to allow
the consumer to compare the costs of differents policies
what's the purpose of a disclosure statement in life insurance policies ? -
Precise Answer ✔✔help consumers make more informed decisions
a married couple owns a permanent policy which covers both of their
lives and pays the face amount of the policy upon the death of the first.
wich policy is that ? - Precise Answer ✔✔joint life policy
, the provisions which prevents the insured, from bringing any legal
action against the company for the last 60 days after proof of loss, is
known as - Precise Answer ✔✔legal actions
regarding the concept of creditable coverage, the number of days of
coverage spent under the group plan, will be used to reduce the 12-
month waiting period for pre-existing conditions coverage, if the
employee does not have a break in coverage of more than.... - Precise
Answer ✔✔63 days
which of the following provisions would prevent an insurance company
from paying a reimbursement claim to someone other than the
policyowner ? - Precise Answer ✔✔payment of claims
what is "not" correct about the required provisions of a health insurance
policy ? - Precise Answer ✔✔that a reinstated policy provides
immediate coverage for an illness
the limits of a health reimbursement account are set by.... - Precise
Answer ✔✔the employer
when a replecement is involved, a replacing insurance company is "not"
reponsible for.... - Precise Answer ✔✔providing a copy of the important
notice regarding replacement of life insurance to the applicant
an individual has just been diagnosed with a quickly-spreading fatal
form of cancer, his oncologist predicts that he will live for 5 months. he
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