NEBRASKA LIFE,ACCIDENT, HEALTH
OR SICKNESS INSURANCE EXAM 2025
QUESTIONS AND ANSWERS
If an insurer fails to pay death proceeds after satisfactory proof of loss is provided, the insurer
must pay interest on the proceeds after how many days? - ANS 30
At what point must a producer give notification to the director about using an assumed name? -
ANS Prior to using the assumed name
ABC Partnership is a business with a limited number of partners. Which disability buy-sell
agreement is best suited for this business? - ANS Cross purchase agreement
Which statement regarding universal life insurance is correct? - ANS Cash value
accumulations have a guaranteed minimum interest rate
Any agreement is unreasonably retrains the business of insurance of violation of which Unfair
Trade Pratice? - ANS Boycott, coercion, and intimidation
According to the needs approach, an emergency reserve fund's primary purpose is to -
ANS Cover the cost of unexpected expenses
Kyle is an insured who is disregarded an accident and health insurance policy provision that
requires him to seek a second surgical opinion. What will be the end result? - ANS He may be
reimbursed for the surgical procedure at a REDUCED benefit level
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,Emily is disabled. In order to become eligible for Social Security disability income benefits, she
must be - ANS Fully insured, according to Social Security
Who is the beneficiary in a life insurance policy? - ANS The stated person or entity who is
designated to receive the death proceeds
During the early years of a whole life insurance policy, the cash value will normally be -
ANS Less than the total premiums paid
Home health care benefits typically do NOT include coverage for - ANS prescription
medication
Tim had a on-the-job accident and collects benefits from his individual disability income policy.
Which factor could possibly reduce these benefits? - ANS Benefits he receives from workers
compensation
All of these are used to prevent adverse selection in a group dental plan EXCEPT -
ANS Decreased employee participation
Which reinsurance contract between two insurers involves an automatic sharing of the risks
assumed? - ANS Treaty reinsurance
What insurer operates in the U.S but is headquartered outside the U.S - ANS Alien
Kelly purchased a health insurance policy issued on a conditionally renewable basis. The
insurance company has the right to refuse renewal of the policy for - ANS Specific reasons
stated in the contract
Under which circumstance may an insurable interest exist between two individuals in absence
of an economic interest? - ANS They are marriage partners
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, A lapsed long-term care policy may be reinstated within how many MONTHS of the lapse date if
the insured was mentally incapacitated - ANS 5
For insurance purposes, similar objects which are exposed to the same group of perils are
referred to as - ANS Homogeneous perils
A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid -
ANS mandatory income tax withholding on the transfer amount
What is a Pap test designed to detect? - ANS Cervical cancer
Which of the following involves sharing an uncertain risk with another similar group? -
ANS Transfer
When a producer submits an application that discloses personal information regarding the
applicant, who supplies the privacy notice? - ANS producer
When an applicant applies for a large amount of life insurance coverage, which of the following
would likely NOT be an underwriting requirement? - ANS eye examination
Which of the following health insurance provisions requires that the application become part of
the policy? - ANS Entire contract clause
Which of the following would NOT be appropriate for an immediate annuity? - ANS A parent
saving for a child's college
How long does one premium-payment cover in a single premium whole life policy? - ANS Full
life of the policy
3 Copyright ©2025 BRAINBARTER ALL RIGHTS RESERVED
OR SICKNESS INSURANCE EXAM 2025
QUESTIONS AND ANSWERS
If an insurer fails to pay death proceeds after satisfactory proof of loss is provided, the insurer
must pay interest on the proceeds after how many days? - ANS 30
At what point must a producer give notification to the director about using an assumed name? -
ANS Prior to using the assumed name
ABC Partnership is a business with a limited number of partners. Which disability buy-sell
agreement is best suited for this business? - ANS Cross purchase agreement
Which statement regarding universal life insurance is correct? - ANS Cash value
accumulations have a guaranteed minimum interest rate
Any agreement is unreasonably retrains the business of insurance of violation of which Unfair
Trade Pratice? - ANS Boycott, coercion, and intimidation
According to the needs approach, an emergency reserve fund's primary purpose is to -
ANS Cover the cost of unexpected expenses
Kyle is an insured who is disregarded an accident and health insurance policy provision that
requires him to seek a second surgical opinion. What will be the end result? - ANS He may be
reimbursed for the surgical procedure at a REDUCED benefit level
1 Copyright ©2025 BRAINBARTER ALL RIGHTS RESERVED
,Emily is disabled. In order to become eligible for Social Security disability income benefits, she
must be - ANS Fully insured, according to Social Security
Who is the beneficiary in a life insurance policy? - ANS The stated person or entity who is
designated to receive the death proceeds
During the early years of a whole life insurance policy, the cash value will normally be -
ANS Less than the total premiums paid
Home health care benefits typically do NOT include coverage for - ANS prescription
medication
Tim had a on-the-job accident and collects benefits from his individual disability income policy.
Which factor could possibly reduce these benefits? - ANS Benefits he receives from workers
compensation
All of these are used to prevent adverse selection in a group dental plan EXCEPT -
ANS Decreased employee participation
Which reinsurance contract between two insurers involves an automatic sharing of the risks
assumed? - ANS Treaty reinsurance
What insurer operates in the U.S but is headquartered outside the U.S - ANS Alien
Kelly purchased a health insurance policy issued on a conditionally renewable basis. The
insurance company has the right to refuse renewal of the policy for - ANS Specific reasons
stated in the contract
Under which circumstance may an insurable interest exist between two individuals in absence
of an economic interest? - ANS They are marriage partners
2 Copyright ©2025 BRAINBARTER ALL RIGHTS RESERVED
, A lapsed long-term care policy may be reinstated within how many MONTHS of the lapse date if
the insured was mentally incapacitated - ANS 5
For insurance purposes, similar objects which are exposed to the same group of perils are
referred to as - ANS Homogeneous perils
A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid -
ANS mandatory income tax withholding on the transfer amount
What is a Pap test designed to detect? - ANS Cervical cancer
Which of the following involves sharing an uncertain risk with another similar group? -
ANS Transfer
When a producer submits an application that discloses personal information regarding the
applicant, who supplies the privacy notice? - ANS producer
When an applicant applies for a large amount of life insurance coverage, which of the following
would likely NOT be an underwriting requirement? - ANS eye examination
Which of the following health insurance provisions requires that the application become part of
the policy? - ANS Entire contract clause
Which of the following would NOT be appropriate for an immediate annuity? - ANS A parent
saving for a child's college
How long does one premium-payment cover in a single premium whole life policy? - ANS Full
life of the policy
3 Copyright ©2025 BRAINBARTER ALL RIGHTS RESERVED
