Nv life insurance - Study guides, Class notes & Summaries

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 will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

NV Common Law Quiz with 100% Correct Answers A foreign insurer has its home office where? a. In this State b. In a state other than Nevada c. In more than one state d. In another country - Answer- b. In a state other than Nevada... Books and records related to the business of insurance must be kept for how long? a. 1 year b. 4 years c. 2 years d. 5 years - Answer- d. 5 years All of the following would be practices prohibited by Nevada's Unfair Discrimination laws except: a. Denying...

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 will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

Actuarial Department - ANSWER-calculates policy rates, reserves, and dividends Alien Insurer - ANSWER-An insurer domiciled in a country other than the United States. Admitted Insurer - ANSWER-An insurer to which a state insurance department has granted a license to do business within that state. Broker - ANSWER-A broker represents themselves and the insured (client or customer) captive insurer - ANSWER-insurer owned by a parent firm for the purpose of insuring the parent firm's loss...

NV Common Law Quiz with 100% Correct Answers A foreign insurer has its home office where? a. In this State b. In a state other than Nevada c. In more than one state d. In another country - Answer- b. In a state other than Nevada... Books and records related to the business of insurance must be kept for how long? a. 1 year b. 4 years c. 2 years d. 5 years - Answer- d. 5 years All of the following would be practices prohibited by Nevada's Unfair Discrimination laws except: a. Denying...

NV XCEL Exam Questions and Answers 2024 Laest Edition

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 will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

6. NV - Life Insurance Practice Final Examination Questions With Correct Answers 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 will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to r...

Chapter 11: NV Statutes & Regulations Common to Life and Health Only. Exam Questions With Correct Answers Which of the following is TRUE about credit life insurance? A) debtor is the policy beneficiary B) creditor is the policyowner C) debtor is the annuitant D) creditor is the insured - answerB which of the following is NOT allowed in credit life insurance? A) creditor having a collateral assignment on the policy B) creditor requiring that a debtor has a life insurance C) creditor be...