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Nevada Life & Health Insurance Exam Questions and Answers 100% Pass
Nevada Life & Health Insurance Exam 
Questions and Answers 100% Pass 
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 premium in term insurance? - Answer- regardless of type of term insurance 
purchased, premium is level throughout the term of policy 
...
- Exam (elaborations)
- • 30 pages •
Nevada Life & Health Insurance Exam 
Questions and Answers 100% Pass 
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 premium in term insurance? - Answer- regardless of type of term insurance 
purchased, premium is level throughout the term of policy 
...
nevada life insurance exam questions and answers 100% correct
nevada life insurance exam questions and 
answers 100% correct 
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 Designate a new producer for a replaced policy - Answer- B 
Which of the following documents must be provided to the policyowner or applic...
- Exam (elaborations)
- • 15 pages •
nevada life insurance exam questions and 
answers 100% correct 
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 Designate a new producer for a replaced policy - Answer- B 
Which of the following documents must be provided to the policyowner or applic...
Nevada Life, Accident, Health Insurance Exam Practice Questions and Answers 100% Pass
Nevada Life, Accident, Health Insurance Exam Practice 
Questions and Answers 100% Pass 
What are the 2 types of Flexible Spending Accounts? - Answer- Health care accounts 
and Dependent care accounts 
Concerning a Whole Life Policy, which of the following statements is correct? - Answer- 
Cash value is guaranteed 
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 - Answer- 
Une...
- Exam (elaborations)
- • 8 pages •
Nevada Life, Accident, Health Insurance Exam Practice 
Questions and Answers 100% Pass 
What are the 2 types of Flexible Spending Accounts? - Answer- Health care accounts 
and Dependent care accounts 
Concerning a Whole Life Policy, which of the following statements is correct? - Answer- 
Cash value is guaranteed 
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 - Answer- 
Une...
Nevada Life and Health License Exam Prep Questions with 100% Correct Answers
Nevada Life and Health License Exam Prep 
Questions with 100% Correct Answers 
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 application but 
is not included in the life insurance policy. 
When must insurable interest exist in life insurance? - Answ...
- Exam (elaborations)
- • 31 pages •
Nevada Life and Health License Exam Prep 
Questions with 100% Correct Answers 
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 application but 
is not included in the life insurance policy. 
When must insurable interest exist in life insurance? - Answ...
6. NV - Life Insurance Practice Final Examination Questions and Answers 100% pass
6. NV - Life Insurance Practice Final Examination 
Questions and Answers 100% pass 
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 ...
- Package deal
- Exam (elaborations)
- • 6 pages •
6. NV - Life Insurance Practice Final Examination 
Questions and Answers 100% pass 
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 ...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
Product Owner/ Product Manager(POPM) SAFe Agile Exam Questions and Answers
CT DMV Knowledge Test 100% Correct Solved
Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
NH Real Estate Exam Questions and Answers 100% Correct Score