3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
Nevada Life and Health License Exam Prep
Questions Exam study guide COMPLETE EXAM
Newest 2026 Complete Questions and Correct
Detailed Answers (Verified Answers) |Already
Graded A+
Save
Terms in this set (329)
What are the four required elements Agreement, consideration, competent parties, and
of an insurance contract? legal purpose.
What two parts make up a life General Information and the Medical Information.
insurance application? 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 At the time of application.
life insurance?
When does coverage begin, if the At the time of the application.
premium was submitted with the
application, and the policy was
issued two weeks later?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 1/41
,3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
If an agent makes a mistake on the The applicant.
application and then corrects it, who
must initial that change?
Insurers may change what on a The rates by class.
guaranteed renewable health
insurance polity?
At what age may an individual make At age 65.
withdrawals from an HSA for
nonhealth purposes without being
penalized?
Which provision states how much Recurrent Disability Provision
time must pass between two like
illnesses in order for the second one
to be covered under a new set of
benefits?
In forming an insurance contract, When an insurer's underwriter approves coverage
when does acceptance occur?
What is an important feature of a Diagnostic and preventive care
dental expense insurance plan that is
not found in a medical expense
insurance plan?
What best describes the "first-dollar The insured is not required to pay a deductible
coverage" principle in basic medical
insurance?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 2/41
,3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
Occasional visits by what medical Attending physicians
professionals will not be covered
under Long-Term Care's home health
care?
Can an individual who belongs to a Yes, they can use any physician even if not part of
POS plan use an out-of-network the HMO
physician?
What is the advantage of reinstating The original age is used for premium determination
a policy instead of applying for a
new one?
What would basic medical expense Surgeon's services
coverage not cover?
What is not provided by an HMO? Reimbursement
What insurance arrangements will be Third-party ownership
appropriate for a parent buying a life
insurance policy on a child where the
parent is the policyowner?
What is not true about dividends? Dividend amounts are guaranteed in the policy
What is not true about Accidental Death benefits are paid only if death occurs within
Death and Dismemberment? 24 hours of an accident
When would a 20-pay whole life When the insured reaches age 100
policy endow?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 3/41
, 3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
What section of a health policy that Insuring Clause
states the causes of eligible loss
under which an insurance is assumed
to be disabled?
The insurance clause of a disability The method of premium payment
policy usually states what except?
What best describes annually It is level term insurance
renewable term insurance?
What best describes an annuity Period of time during which accumulated money is
period? converted into income payments
What is an eligibility requirement for Have attained fully insured status
all Social Security Disability Income
benefits?
What protects the insured from Automatic premium loan
unintentional policy lapse due to a
nonpayment of premium?
What is the maximum amount that $300,000
the Nevada Life & Health Insurance
Guaranty Association be obligated
to pay with respect to life insurance
death benefits for one life?
What is the penalty for transacting $1,000 for each violation
insurance without a proper license?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 4/41
Nevada Life and Health License Exam Prep
Questions Exam study guide COMPLETE EXAM
Newest 2026 Complete Questions and Correct
Detailed Answers (Verified Answers) |Already
Graded A+
Save
Terms in this set (329)
What are the four required elements Agreement, consideration, competent parties, and
of an insurance contract? legal purpose.
What two parts make up a life General Information and the Medical Information.
insurance application? 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 At the time of application.
life insurance?
When does coverage begin, if the At the time of the application.
premium was submitted with the
application, and the policy was
issued two weeks later?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 1/41
,3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
If an agent makes a mistake on the The applicant.
application and then corrects it, who
must initial that change?
Insurers may change what on a The rates by class.
guaranteed renewable health
insurance polity?
At what age may an individual make At age 65.
withdrawals from an HSA for
nonhealth purposes without being
penalized?
Which provision states how much Recurrent Disability Provision
time must pass between two like
illnesses in order for the second one
to be covered under a new set of
benefits?
In forming an insurance contract, When an insurer's underwriter approves coverage
when does acceptance occur?
What is an important feature of a Diagnostic and preventive care
dental expense insurance plan that is
not found in a medical expense
insurance plan?
What best describes the "first-dollar The insured is not required to pay a deductible
coverage" principle in basic medical
insurance?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 2/41
,3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
Occasional visits by what medical Attending physicians
professionals will not be covered
under Long-Term Care's home health
care?
Can an individual who belongs to a Yes, they can use any physician even if not part of
POS plan use an out-of-network the HMO
physician?
What is the advantage of reinstating The original age is used for premium determination
a policy instead of applying for a
new one?
What would basic medical expense Surgeon's services
coverage not cover?
What is not provided by an HMO? Reimbursement
What insurance arrangements will be Third-party ownership
appropriate for a parent buying a life
insurance policy on a child where the
parent is the policyowner?
What is not true about dividends? Dividend amounts are guaranteed in the policy
What is not true about Accidental Death benefits are paid only if death occurs within
Death and Dismemberment? 24 hours of an accident
When would a 20-pay whole life When the insured reaches age 100
policy endow?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 3/41
, 3/3/26, 10:05 AM Nevada Life and Health License Exam Prep Questions Exam study guide COMPLETE EXAM Newest 2026 Complete Questions an…
What section of a health policy that Insuring Clause
states the causes of eligible loss
under which an insurance is assumed
to be disabled?
The insurance clause of a disability The method of premium payment
policy usually states what except?
What best describes annually It is level term insurance
renewable term insurance?
What best describes an annuity Period of time during which accumulated money is
period? converted into income payments
What is an eligibility requirement for Have attained fully insured status
all Social Security Disability Income
benefits?
What protects the insured from Automatic premium loan
unintentional policy lapse due to a
nonpayment of premium?
What is the maximum amount that $300,000
the Nevada Life & Health Insurance
Guaranty Association be obligated
to pay with respect to life insurance
death benefits for one life?
What is the penalty for transacting $1,000 for each violation
insurance without a proper license?
https://quizlet.com/1150971979/nevada-life-and-health-license-exam-prep-questions-exam-study-guide-complete-exam-newest-2026-complete-quest… 4/41
