Nebraska: Laws and Rules Questions
and Answers 2026 Updated.
which of the following actions may result in a producer’s license being suspended - Answer
returning part of the commission to the insured
someone who is licensed to negotiate a viatical settlement contract is called - Answer life
settlement broker
john has a criminal record in which he was convicted of a felony that involved dishonesty. Under
federal law, how would John be able to engage in insurance transactions - Answer given
written consent by the state insurance regulatory agency
persuading an insured, to the insureds detriment, to switch policies is called - Answer
twisting
viatical settlement brokers are NOT allowed to - Answer complete transactions prior to being
approved for a license
a ____ producer lives in another state and transacts insurance in Nebraska - Answer
nonresident
a life insurance policyowner sells her policy to a third part in a viatical settlement. Under this
transaction, the policyowner - Answer receives an amount less than the policys death
benefit
who is required to notify the producer in the event of appointment termination - Answer
insurer
whose interests are being protected under replacement rules - Answer policyowner
the authority for a producer to bind an insurer to an insurance contract is found in the - Answer
producers appointment
which situation does NOT require the insureds consent when an insurance policy is issued -
Answer policy is purchased by a parent for a minor child
at what point must a producer give notification to the Director about using an assumed name -
Answer prior to using the assumed name
and Answers 2026 Updated.
which of the following actions may result in a producer’s license being suspended - Answer
returning part of the commission to the insured
someone who is licensed to negotiate a viatical settlement contract is called - Answer life
settlement broker
john has a criminal record in which he was convicted of a felony that involved dishonesty. Under
federal law, how would John be able to engage in insurance transactions - Answer given
written consent by the state insurance regulatory agency
persuading an insured, to the insureds detriment, to switch policies is called - Answer
twisting
viatical settlement brokers are NOT allowed to - Answer complete transactions prior to being
approved for a license
a ____ producer lives in another state and transacts insurance in Nebraska - Answer
nonresident
a life insurance policyowner sells her policy to a third part in a viatical settlement. Under this
transaction, the policyowner - Answer receives an amount less than the policys death
benefit
who is required to notify the producer in the event of appointment termination - Answer
insurer
whose interests are being protected under replacement rules - Answer policyowner
the authority for a producer to bind an insurer to an insurance contract is found in the - Answer
producers appointment
which situation does NOT require the insureds consent when an insurance policy is issued -
Answer policy is purchased by a parent for a minor child
at what point must a producer give notification to the Director about using an assumed name -
Answer prior to using the assumed name
