NEBRASKA LIFE AND HEALTH LICENSE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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NEBRASKA LIFE AND HEALTH LICENSE
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NEBRASKA LIFE AND HEALTH LICENSE
NEBRASKA LIFE AND HEALTH LICENSE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
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NEBRASKA LIFE AND HEALTH LICENSE EXAM 2024/2025 WITH 100%
ACCURATE SOLUTIONS
Before delivering a health insurance policy to a client, the producer
alters the insuring clause in a way that he believes will benefit the
insurance company. Which of the following statements is true about this
alteration? - Precise Answer ✔✔It is prohibited by the entire contract
provision
Which organization offers health insurance to Nebraska residents who
are denied health insurance and unable to obtain coverage from private
companies due to pre-existing medical conditions? - Precise Answer
✔✔Nebraska Comprehensive Health Insurance Pool
Newborn children are automatically covered under an insured's
individual health insurance policy for how long? - Precise Answer
✔✔from birth to 31 days
As beneficiary of her husband's life insurance, Beth chooses to receive
payments for life. However, she is guaranteed that the payments will be
made for ten years. Beth has chosen which of the following? - Precise
Answer ✔✔life income with period certain
Which method of determining the benefit amount is most common in
individual disability income policies? - Precise Answer ✔✔flat amount
,Which statement describes the "pool of money" approach to benefits
under a long-term care insurance policy? - Precise Answer ✔✔Benefits
are defined as a total sum of money from which money can be drawn in
any amount for as long as the money lasts.
Which statement best describes the restrictions an insurer must operate
under when using information from the MIB? - Precise Answer
✔✔Insurers cannot rate or decline a life insurance applicant based solely
on MIB information.
Which of the following must HMO members use to receive covered
care? - Precise Answer ✔✔HMO's network of providers and caregivers
Which statement is correct about a buy-up option in a disability income
insurance policy for professionals? - Precise Answer ✔✔It lets the
insured buy more coverage in the future without evidence of insurability.
Bill believes he has a cause of action against his health insurer for its
refusal to pay benefits on a claim. He filed written proof of loss on April
1. Not having received a response by May 1, he decides to take legal
action. What will his attorney probably do? - Precise Answer ✔✔advise
him to wait
For tax purposes, a self-employed person includes all of the following,
EXCEPT: - Precise Answer ✔✔an incorporated business owner
, The Director of Insurance can examine the business transactions,
accounts, and records of insurers as often as necessary, but must do so at
least once in how many years? - Precise Answer ✔✔five
An insured has a comprehensive major medical insurance policy with a
$1,000 deductible and 80/20 coinsurance. She incurs a bill of $11,000.
What will she pay in total? - Precise Answer ✔✔$3,000
Adam owns an individual long-term care policy that was issued in
Nebraska. Which of the following conditions must the policy cover? -
Precise Answer ✔✔Alzheimer's disease
Tax law considers any limited payment life insurance policy that is paid-
up in seven years or less to be which of the following? - Precise Answer
✔✔a modified endowment contract
Eric fails to pay the annual premium on his major medical insurance
policy. The grace period provision allows him to pay the premium
within how many days after the due date? - Precise Answer ✔✔31
When can the owner of a deferred annuity select a settlement option? -
Precise Answer ✔✔any time prior to annuitization
When completing an application for life insurance, Andrew states that he
is 39 years old, though he is actually 45. When the insurer discovers this,
what will it probably do? - Precise Answer ✔✔adjusted the benefits
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