BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Nevada Life and Health License Exam Prep
m m m m m m m
Questions and Correct Answers | Latest Upd
m m m m m m
ate
Whatmaremthemfourmrequired melementsmofman minsurance mcontract?
Agreemen t,m con sideration , m competen tm parties,m an d m legal m pu rpose.
Whatmtwompartsmmakemupmamlifeminsurance mapplication?
General mInformation mandmthemMedical mInformation.mAn magent'smreportmcan
m gomin mamlife minsurancemapplication mbutmismnotmincludedminmthemlifeminsura
n ce m policy.
When mmustminsurable minterestmexistmin mlife minsurance?
Atm them time m of m application .
When mdoesmcoverage mbegin,mifm thempremium m was msubmitted m with m themapplication,mandm thempolicy m
wasmissuedmtwomweeksmlater?
Atm them time m of m them application .
Ifman magentmmakesmam mistake mon mthemapplication mandmthen mcorrects mit,mwhom mustminitial m thatmchan
ge?
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Th e mappli can t.
Insurersmmaymchange mwhatmon ma mguaranteed mrenewable mhealth minsurance mpolity?
Them ratesm bym class.
Atmwhatmagem may man mindividualm make m withdrawals mfrom man m HSA mfor mnonhealth mpurposesmwit
houtmbeingmpenalized?
Atm age m 65.
Which mprovision mstatesmhowmmuch mtimemmustmpassmbetween mtwo mlike millnessesmin morder mfor m themsec
ondmonemtombemcoveredmundermamnewmsetmofmbenefits?
Recu rren tm Disability m Provision
In m formin g m an minsura nce m con tra ct,m w h en m do esm a cce ptan ce m occur?
Wh en m an m in su rer's m u n derwriter m approves m coverage
Whatmisman mimportantmfeature mof ma mdental mexpense m insurance mplan mthatmis mnotmfound min ma m me
dicalmexpense minsurance mplan?
Diagn ostic m andm preven tive m care
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Whatmbestmdescribesmthem"first-dollarmcoverage"mprinciple min mbasicmmedicalminsurance?
Them insuredm ism notm requiredm tom paym am deductible
Occasionalmvisits mby mwhatmmedical mprofessionals mwill mnotmbe mcovered munder mLong-
TermmCare's mhome mhealth m care?
Atten din g m ph ysician s
Can man mindividualmwhombelongsmtomamPOSmplan museman mout-of-network mphysician?
Yes,m theym can m usem anym physician m even m if m notm partm of m them HMO
Whatmismthemadvantagemofmreinstatingmampolicyminsteadmofmapplyingmformamnewmone?
Th e m origin al m agem ism u sed m for m premiu m m determin ation
Whatmwould mbasicmmedicalmexpense mcoverage mnotmcover?
Su rge on ' s m services
WhatmismnotmprovidedmbymanmHMO?
Reimbursement
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Whatminsurance marrangementsmwill mbe mappropriate mfor ma mparentmbuying ma mlife minsurance mpolic
ymon mamchildmwheremthemparentmismthempolicyowner?
Third-partym ownership
Whatmismnotmtruemaboutmdividends?
Dividen d m amou n ts m are m gu aran teed m in m them policy
WhatmismnotmtruemaboutmAccidentalmDeath mandmDismemberment?
Death m benefitsm arem paidm onlym if m deathm occursm withinm 24m hoursm of m
an macciden t
Whenmwouldmam20-paymwholemlifempolicymendow?
Wh en m them in su red m reach es m age m 100
Whatmsection mofmamhealth mpolicym thatmstates m themcausesmof meligible mloss mundermwhich man minsuran
cemismassumedmtombemdisabled?
In su rin g m Clau se
Theminsurance mclause mofmamdisability mpolicy musuallymstates mwhatmexcept?
Th e m meth od m ofm premiu m m paymen t
~m1m~mforminquirymmailmmem@
/
Nevada Life and Health License Exam Prep
m m m m m m m
Questions and Correct Answers | Latest Upd
m m m m m m
ate
Whatmaremthemfourmrequired melementsmofman minsurance mcontract?
Agreemen t,m con sideration , m competen tm parties,m an d m legal m pu rpose.
Whatmtwompartsmmakemupmamlifeminsurance mapplication?
General mInformation mandmthemMedical mInformation.mAn magent'smreportmcan
m gomin mamlife minsurancemapplication mbutmismnotmincludedminmthemlifeminsura
n ce m policy.
When mmustminsurable minterestmexistmin mlife minsurance?
Atm them time m of m application .
When mdoesmcoverage mbegin,mifm thempremium m was msubmitted m with m themapplication,mandm thempolicy m
wasmissuedmtwomweeksmlater?
Atm them time m of m them application .
Ifman magentmmakesmam mistake mon mthemapplication mandmthen mcorrects mit,mwhom mustminitial m thatmchan
ge?
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Th e mappli can t.
Insurersmmaymchange mwhatmon ma mguaranteed mrenewable mhealth minsurance mpolity?
Them ratesm bym class.
Atmwhatmagem may man mindividualm make m withdrawals mfrom man m HSA mfor mnonhealth mpurposesmwit
houtmbeingmpenalized?
Atm age m 65.
Which mprovision mstatesmhowmmuch mtimemmustmpassmbetween mtwo mlike millnessesmin morder mfor m themsec
ondmonemtombemcoveredmundermamnewmsetmofmbenefits?
Recu rren tm Disability m Provision
In m formin g m an minsura nce m con tra ct,m w h en m do esm a cce ptan ce m occur?
Wh en m an m in su rer's m u n derwriter m approves m coverage
Whatmisman mimportantmfeature mof ma mdental mexpense m insurance mplan mthatmis mnotmfound min ma m me
dicalmexpense minsurance mplan?
Diagn ostic m andm preven tive m care
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Whatmbestmdescribesmthem"first-dollarmcoverage"mprinciple min mbasicmmedicalminsurance?
Them insuredm ism notm requiredm tom paym am deductible
Occasionalmvisits mby mwhatmmedical mprofessionals mwill mnotmbe mcovered munder mLong-
TermmCare's mhome mhealth m care?
Atten din g m ph ysician s
Can man mindividualmwhombelongsmtomamPOSmplan museman mout-of-network mphysician?
Yes,m theym can m usem anym physician m even m if m notm partm of m them HMO
Whatmismthemadvantagemofmreinstatingmampolicyminsteadmofmapplyingmformamnewmone?
Th e m origin al m agem ism u sed m for m premiu m m determin ation
Whatmwould mbasicmmedicalmexpense mcoverage mnotmcover?
Su rge on ' s m services
WhatmismnotmprovidedmbymanmHMO?
Reimbursement
~m1m~mforminquirymmailmmem@
, BestmGrades |mMustmPass |mLatestmUpdate |mCorrectmAnswers |m2024 2025
/
Whatminsurance marrangementsmwill mbe mappropriate mfor ma mparentmbuying ma mlife minsurance mpolic
ymon mamchildmwheremthemparentmismthempolicyowner?
Third-partym ownership
Whatmismnotmtruemaboutmdividends?
Dividen d m amou n ts m are m gu aran teed m in m them policy
WhatmismnotmtruemaboutmAccidentalmDeath mandmDismemberment?
Death m benefitsm arem paidm onlym if m deathm occursm withinm 24m hoursm of m
an macciden t
Whenmwouldmam20-paymwholemlifempolicymendow?
Wh en m them in su red m reach es m age m 100
Whatmsection mofmamhealth mpolicym thatmstates m themcausesmof meligible mloss mundermwhich man minsuran
cemismassumedmtombemdisabled?
In su rin g m Clau se
Theminsurance mclause mofmamdisability mpolicy musuallymstates mwhatmexcept?
Th e m meth od m ofm premiu m m paymen t
~m1m~mforminquirymmailmmem@
