Nevada Life & Health Review Exam | Questions
and Answers | Latest 2025/ 2026 Update | 100%
Correct| Already GRADED A.
Question:
What term describes the specified dollar amount beyond which the insured no
longer participates in the sharing of expenses?
Answer:
Stop-loss limit
Question:
What would be INCORRECT about the required provisions of a health insurance
policy?
Answer:
A reinstated policy provides immediate coverage for an illness
Question:
In a disability policy, the probationary period refers to what?
Answer:
Time, during which illness-related disabilities are excluded from coverage
,Question:
How soon following the occurrence of a covered loss must an insured submit
written proof of such loss to the insurance company?
Answer:
Within 90 days or as soon as reasonably possible, but not to exceed 1 year.
Question:
An insured has endured multiple surgeries and hospitalizations for an illness during
the summer months. Her insurer no longer bills her for medical expenses. What
term best describes the condition she has met?
Answer:
Stop-loss Limit
Question:
Which of the following information will be stated in the consideration clause of a
life insurance policy?
Answer:
The amount of premium payment
Question:
The relation of earnings to insurance provision allows the insurance company to
limit the insured's benefits to his/her average income over the last how many
months?
Answer:
,24 months.
Question:
A hospital indemnity policy will pay what?
Answer:
A benefit for each day the insured is in a hospital.
Question:
Which option for Universal life allows the beneficiary to collect both the death
benefit and cash value upon the death of the insured?
Answer:
Option B
Question:
What benefits are NOT available under Social Security?
Answer:
Welfare benefits.
Question:
What does Social Security disability definition NOT include?
Answer:
, Disability expected to last for at least 6 months.
Question:
When is an offer, in insurance, usually made?
Answer:
When the applicant submits an application to the insurer.
Question:
Long-term care policies MUST cover what condition?
Answer:
Alzheimer's disease.
Question:
What would be considered a nonqualified retirement plan?
Answer:
Split-dollar plan
Question:
Which provision concerns the insured's duty to provide the insurer with reasonable
notice in the event of a loss?
Answer:
and Answers | Latest 2025/ 2026 Update | 100%
Correct| Already GRADED A.
Question:
What term describes the specified dollar amount beyond which the insured no
longer participates in the sharing of expenses?
Answer:
Stop-loss limit
Question:
What would be INCORRECT about the required provisions of a health insurance
policy?
Answer:
A reinstated policy provides immediate coverage for an illness
Question:
In a disability policy, the probationary period refers to what?
Answer:
Time, during which illness-related disabilities are excluded from coverage
,Question:
How soon following the occurrence of a covered loss must an insured submit
written proof of such loss to the insurance company?
Answer:
Within 90 days or as soon as reasonably possible, but not to exceed 1 year.
Question:
An insured has endured multiple surgeries and hospitalizations for an illness during
the summer months. Her insurer no longer bills her for medical expenses. What
term best describes the condition she has met?
Answer:
Stop-loss Limit
Question:
Which of the following information will be stated in the consideration clause of a
life insurance policy?
Answer:
The amount of premium payment
Question:
The relation of earnings to insurance provision allows the insurance company to
limit the insured's benefits to his/her average income over the last how many
months?
Answer:
,24 months.
Question:
A hospital indemnity policy will pay what?
Answer:
A benefit for each day the insured is in a hospital.
Question:
Which option for Universal life allows the beneficiary to collect both the death
benefit and cash value upon the death of the insured?
Answer:
Option B
Question:
What benefits are NOT available under Social Security?
Answer:
Welfare benefits.
Question:
What does Social Security disability definition NOT include?
Answer:
, Disability expected to last for at least 6 months.
Question:
When is an offer, in insurance, usually made?
Answer:
When the applicant submits an application to the insurer.
Question:
Long-term care policies MUST cover what condition?
Answer:
Alzheimer's disease.
Question:
What would be considered a nonqualified retirement plan?
Answer:
Split-dollar plan
Question:
Which provision concerns the insured's duty to provide the insurer with reasonable
notice in the event of a loss?
Answer:
