Nevada Life and Health License
Quiz_________________?
$0. There is no deductible but coverage is limited -
ANSWER✅
What is the typical deductible for basic surgical expense insurance?
Quiz_________________?
$1,000 for each violation -
ANSWER✅
What is the penalty for transacting insurance without a proper license?
Quiz_________________?
$300,000 -
ANSWER✅
What is the maximum amount that the Nevada Life & Health Insurance Guaranty
Association be obligated to pay with respect to life insurance death benefits for one life?
Quiz_________________?
1
, 3 hours -
ANSWER✅
Producers must complete how many hours of continuing education on the subject of ethics
every licensing period?
Quiz_________________?
3 months before turning 65 and 3 months after -
ANSWER✅
When is the initial enrollment period for Medicare Part A?
Quiz_________________?
5 years. -
ANSWER✅
Each domestic insurer of Nevada must be examined by the Commissioner every...
Quiz_________________?
6 months to 2 years -
ANSWER✅
How long will benefit periods for individual short-term disability policies continue for?
Quiz_________________?
7 days for weekly premium policies -
ANSWER✅
How long is the grace period for weekly premium policies or industrial policies?
2
, Quiz_________________?
10 days for monthly premium policies -
ANSWER✅
How long is the grace period for monthly premium policies?
Quiz_________________?
12 months -
ANSWER✅
A producer who has allowed their license to lapse may reinstate the examination within
what maximum time period?
Quiz_________________?
12 months or 1 year -
ANSWER✅
A producer who has allowed their license to lapse may reinstate the license without
retaking the examination within what maximum time period?
Quiz_________________?
20 days -
ANSWER✅
The Commissioner must give reasonable notice to all interested parties as to the time,
place, and purpose of a hearing within the minimum of how many days of the hearing?
Quiz_________________?
3
, 20% -
ANSWER✅
What is a penalty tax for nonqualified distributions from a health savings account?
Quiz_________________?
30 days -
ANSWER✅
How many days does a nonresident procedure have to file a change of address when the
agent moves to Nevada from another state?
Quiz_________________?
31 days -
ANSWER✅
What is the required grace period in group life policies in Nevada?
Quiz_________________?
31 days -
ANSWER✅
When an employee terminates coverage under a group insurance policy, how long does the
coverage stay in force?
Quiz_________________?
31 days for any other premium policies -
ANSWER✅
How long is the grace period for annual or other modes of premium policies?
4
Quiz_________________?
$0. There is no deductible but coverage is limited -
ANSWER✅
What is the typical deductible for basic surgical expense insurance?
Quiz_________________?
$1,000 for each violation -
ANSWER✅
What is the penalty for transacting insurance without a proper license?
Quiz_________________?
$300,000 -
ANSWER✅
What is the maximum amount that the Nevada Life & Health Insurance Guaranty
Association be obligated to pay with respect to life insurance death benefits for one life?
Quiz_________________?
1
, 3 hours -
ANSWER✅
Producers must complete how many hours of continuing education on the subject of ethics
every licensing period?
Quiz_________________?
3 months before turning 65 and 3 months after -
ANSWER✅
When is the initial enrollment period for Medicare Part A?
Quiz_________________?
5 years. -
ANSWER✅
Each domestic insurer of Nevada must be examined by the Commissioner every...
Quiz_________________?
6 months to 2 years -
ANSWER✅
How long will benefit periods for individual short-term disability policies continue for?
Quiz_________________?
7 days for weekly premium policies -
ANSWER✅
How long is the grace period for weekly premium policies or industrial policies?
2
, Quiz_________________?
10 days for monthly premium policies -
ANSWER✅
How long is the grace period for monthly premium policies?
Quiz_________________?
12 months -
ANSWER✅
A producer who has allowed their license to lapse may reinstate the examination within
what maximum time period?
Quiz_________________?
12 months or 1 year -
ANSWER✅
A producer who has allowed their license to lapse may reinstate the license without
retaking the examination within what maximum time period?
Quiz_________________?
20 days -
ANSWER✅
The Commissioner must give reasonable notice to all interested parties as to the time,
place, and purpose of a hearing within the minimum of how many days of the hearing?
Quiz_________________?
3
, 20% -
ANSWER✅
What is a penalty tax for nonqualified distributions from a health savings account?
Quiz_________________?
30 days -
ANSWER✅
How many days does a nonresident procedure have to file a change of address when the
agent moves to Nevada from another state?
Quiz_________________?
31 days -
ANSWER✅
What is the required grace period in group life policies in Nevada?
Quiz_________________?
31 days -
ANSWER✅
When an employee terminates coverage under a group insurance policy, how long does the
coverage stay in force?
Quiz_________________?
31 days for any other premium policies -
ANSWER✅
How long is the grace period for annual or other modes of premium policies?
4
