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PACKAGE DEAL FOR Nevada Life, Accident, Health Insurance Exam Practice Correct 100%

PACKAGE DEAL FOR Nevada Life, Accident, Health Insurance Exam Practice Correct 100%PACKAGE DEAL FOR Nevada Life, Accident, Health Insurance Exam Practice Correct 100%PACKAGE DEAL FOR Nevada Life, Accident, Health Insurance Exam Practice Correct 100%PACKAGE DEAL FOR Nevada Life, Accident, Health Ins...

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Nevada Life, Accident, Health Insurance Exam Practice Correct 100%

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Health care accounts and Dependent care accounts - ANSWER What are the 2 types of Flexible Spending Accounts? Cash value is guaranteed - ANSWER Concerning a Whole Life Policy, which of the following statements is correct? Unearned premiums are retained by the insurance company - ANSWER Accordi...

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Nevada Life & Health Insurance Correct Questions & Answers

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term insurance - ANSWER temporary protection because it only provides coverage for a specific period of time face amount - ANSWER death benefit 3 basic types of term coverage - ANSWER level, increasing, decreasing - based on how the face amount changes during the policy term What is the ...

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Nevada Life and Health License Exam Prep Questions & Answers Latest Update

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What are the four required elements of an insurance contract? - ANSWER Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - ANSWER General Information and the Medical Information. An agent's report can go in a life insurance appli...

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Nevada Life and Health Exam Simulator| 100 questions| Correct Answers

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Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. He then becomes disabled from an accident on February 1 and the disability last until July 1 the same year. She will become eligible to receive be...

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nevada life insurance Correct Questions & Answers-Latest Update 2023

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During replacement of life insurance, a replacing insurer must do which of the following? A Send a copy of the Notice Regarding Replacement to the Department of Insurance B Obtain a list of all life insurance policies that will be replaced C Guarantee a replacement for each existing policy D D...

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Nevada Life and Health| 105 Questions| Correct 100%| Verified

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Which of the following information will be stated in the consideration clause of a life insurance policy? - ANSWER The amount of premium payment Which of the following is TRUE of a qualified plan? - ANSWER It has a tax benefit for both employer and employee An insured is covered by a partially...

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Nevada Life & Health Review Correct Questions & Answers(Rated A+)

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What term describes the specified dollar amount beyond which the insured no longer participates in the sharing of expenses? - ANSWER Stop-loss limit What would be INCORRECT about the required provisions of a health insurance policy? - ANSWER A reinstated policy provides immediate coverage for an ...

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NV Health Final Exam 1| 50 Questions| Correct Answers

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Which law requires the applicant be notified before a consumer report is ordered: - ANSWER Fair Credit Reporting Act The Insuring Clause of an A&H policy usually states all of the following, EXCEPT: A. That insurance against loss is provided B. That a loss must result directly from stated acci...

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Nevada Statutes-Health and Life Insurance Correct 100%

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Domestic insurer - ANSWER insurance company that is incorporated in this state. Domicile is when e company's home office is in the state in which it was formed. If a company was chartered in Nevada it would be a Nevada domesticated company. Foreign insurer - ANSWER An insurance company that is i...

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Nevada Life and Health Complete Questions & Answers

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COBRA (because she can convert, and if she has a long term illness it it will be hard for her to get approved for individual insurance) - ANSWER Kevin and Nancy are married; Kevin is the primary breadwinner and has a health insurance policy that covers both him and his wife. Nancy has an illness tha...

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NV - Life Insurance Practice Final Examination Correct

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Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason ...

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Nevada Property and Casualty Correct Questions & Answers

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A insurance binder is effective for no more than - ANSWER 90 Days Mr. Underwood gave his agent a down payment for the purchase of a business insurance policy. The insurance company issued a policy that promises to pay Mr. Underwood under terms and conditions stated in the policy. What specific te...

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