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Nevada Life, Accident, Health Insurance Exam Practice/67 Questions & Answers
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Nevada Life, Accident, Health InsuranceExam Practice/67 Questions & Answers
Health care accounts and Dependent care accounts - -What are the 2 types
of Flexible Spending Accounts?
-Cash value is guaranteed - -Concerning a Whole Life Policy, which of the
following statements is correct?
-Unearned premiums are retained by the insurance company - -According
to the rights of renewability rider for cancellable policies, all of the following
are correct about the cancellation of an individual insurance policy EXCEPT
-Assets - -In a replacement situation, all of the following must be considered
EXCEPT
-Be licensed as a life insurance producer - -For an agent to sell continuous
care coverage, the agent must meet all of the following requirements
EXCEPT
-Insurance consultant - -Which of the following licensees are not
compensated directly related to the amount of insurance sold?
-3 Hours - -Producers must complete how many hours of continuing
education on the subject of ethics every licensing period?
-The more liberal "own occupation" - -Which of the following definitions
would make it easier to qualify for total disability benefits?
-Plan A - -Which of the following must be present in all Medicare
supplement plans?
-Premium receipt - -Most agents try to collect the initial premium for
submission with the application. When an agent collects the initial premium
from the applicant, the agent should issue the applicant a
-Renewal provision - -Which health insurance provision describes the
insured's right to cancel coverage?
-Increasing Term - -What type of insurance would be used for a Return of
Premium rider?
-Recurrent disability - -When an insurer combines two periods of disability
into one, the insured must have suffered a
, -It is designed to pay on a first dollar of expense basis - -Which of the
following is NOT true of a major-medical health insurance policy?
-They earn lower interest rates than fixed annuities - -Which of the following
is NOT true regarding Equity Indexed Annuities?
-Individual members of the group may select the level of benefits for their
own coverage - -Underwriting a group health insurance plan that is paid for
by the employer requires all of the following EXCEPT
-High-deductible health plan - -To be eligible for a Health Savings Account,
an individual must be covered by a
-Face amount - -Which policy component decreases in decreasing term
insurance?
-Acute care in a hospital - -Which of the following is NOT covered under a
long-term care policy?
-Term rider - -Which of the following, when attached to a permanent life
insurance policy, allows the policyowner to customize the policy to provide
an additional amount of temporary insurance on the insured, or allows
amounts of temporary insurance to cover other family members?
-Deferred - -An individual has been making periodic premium payments on
an annuity. The annuity income payments are schedules to begin after 1
year since the annuity was purchased what type of annuity is it?
-Daily care by medical personnel - -What amount of care is provided in
LTC's intermediate care?
-$500,000 - -What is the maximum amount that the Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with respect to
major medical insurance for one life?
-1 year - -A life producer applying for a viatical settlement broker license
may be exempt from the prelicensing education and examination
requirement if the producer has held an active life license for at least how
many years?
-The surviving beneficiary will continue receiving 2/3 of the benefit paid
when both beneficiaries were alive - -An insured has chosen joint and 2/3
survivor as the settlement option. What does this mean to the beneficiaries?
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