NV Common Law Quiz Latest 2024 Graded A+

NV Common Law Quiz Latest 2024 Graded A+ 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 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 d. 5 years All of the following would be practices prohibited by Nevada's Unfair Discrimination laws except: a. Denying coverage to women who are gainfully employed by relatives when coverage is offered to men who are similarly employed b. Denying policy riders to women when the riders are available to men c. Denying maternity coverage to unmarried women when such coverage would be made available to married applicants. d. Treating a complication of pregnancy the same as any other illness or sickness covered by the policy d. Treating a complication of pregnancy the same as any other illness or sickness covered by the policy Which of the following is true regarding a producer's license a. The license is good for five years between renewals b. The license is perpetual, it remains in effect unless revoked, suspended or otherwise terminated c. If a producer's license should lapse he or she is given 2 years to reinstate d. If a person requests renewal of his or her license within 30 days after the license has lapsed, he or she may reinstate subject to fees, penalty and completion of continuing education. b. The license is perpetual, it remains in effect unless revoked, suspended or otherwise terminated Which of the following is not a requirement for obtaining a resident producer's license? a. Complete pre license training b. Pass an examination, submit fingerprints, be a good person c. Be a resident of Nevada for at least one year d. Pay all applicable licensing fees c. Be a resident of Nevada for at least one year All of the following are true regarding an administrator except: a. An administrator is a person who directly underwrites insurance coverages provided by an employer for his or her employees b. An administrator includes a person who administers a program of self insurance for an employer c. The term administrator includes a life and health producer who limits his or her activities to the sale of insurance d. A person may not hold himself or herself out as an administrator unless such person is properly licensed as such by the Commissioner c. The term administrator includes a life and health producer who limits his or her