NEVADA LIFE & HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS 100% PASS |ALREADY
GRADED A+| VERIFIED AND UPDATED
right of rescission - correct answer-unconditional right for viator to
cancel or rescind the contract; shorter of 60 days after the date all
parties signed agreement or 30 days after viator receives proceeds
- if insured dies during this period, settlement is automatically rescinded
- purchaser has 3 days to rescind
How long does a family have to notify insurer of newborn child to
continue coverage? - correct answer-within 31 days after the date of
birth
hospice care (Nevada) - correct answer-all health insurance policies
issued or delivered in Nevada must include coverage for hospice care
,outline of coverage - correct answer-each issuer is required to provide
outline of coverage to each applicant at the time the application is
presented to the applicant and must obtain an acknowledgment from
the applicant that he has received the outline
- includes cover page, information regarding premiums, disclosure
pages, charts displaying the features of each benefit plan offered by the
issuer
long-term care insurance (Nevada) - correct answer-any group or
individual policy that is advertised, marketed or designed to provide
coverage for at least 24 months for necessary diagnostic, preventative,
therapeutic, rehabilitative or medical care services provided in a setting
other than an acute care unit of hospital
- 30 day free look period
insurer will reinstate long-term care policy if the insured... - correct
answer-asks the insurer to reinstate policy within 5 months of the date
the coverage lapsed
,continuous care insurance - correct answer-aka workers compensation
insurance
Health Insurance Marketplace - correct answer-makes health coverage
available to any uninsured individuals; individuals with Medicare
coverage are not eligible to use the Marketplace to buy health or dental
plan
essential benefits (ACA) - correct answer-hospitalization, maternity,
emergency services, wellness and preventative services, and chronic
disease management
preventive benefits (ACA) - correct answer-100% of preventive care be
covered without cost sharing; includes routine checkups, screenings,
and counseling to prevent health problems
metal level plans - correct answer-1. Platinum: 90%
2. Gold: 80%
3. Silver: 70%
, 4. Bronze: 60%
catastrophic plans - correct answer-young adults under age 30, and
individuals who cannot obtain affordable coverage may be able to
purchase this to cover essential benefits
- lower monthly premiums but high deductibles
small employers (ACA) - correct answer-those with at least one but not
more than 100 employees
Silver State Health Insurance Exchange - correct answer-a sate-based
health insurance exchange
max amount in death benefits (Guaranty) - correct answer-$300,000
but no more than $100,000 in net cash for surrender and withdrawal
for life insurance
QUESTIONS AND ANSWERS 100% PASS |ALREADY
GRADED A+| VERIFIED AND UPDATED
right of rescission - correct answer-unconditional right for viator to
cancel or rescind the contract; shorter of 60 days after the date all
parties signed agreement or 30 days after viator receives proceeds
- if insured dies during this period, settlement is automatically rescinded
- purchaser has 3 days to rescind
How long does a family have to notify insurer of newborn child to
continue coverage? - correct answer-within 31 days after the date of
birth
hospice care (Nevada) - correct answer-all health insurance policies
issued or delivered in Nevada must include coverage for hospice care
,outline of coverage - correct answer-each issuer is required to provide
outline of coverage to each applicant at the time the application is
presented to the applicant and must obtain an acknowledgment from
the applicant that he has received the outline
- includes cover page, information regarding premiums, disclosure
pages, charts displaying the features of each benefit plan offered by the
issuer
long-term care insurance (Nevada) - correct answer-any group or
individual policy that is advertised, marketed or designed to provide
coverage for at least 24 months for necessary diagnostic, preventative,
therapeutic, rehabilitative or medical care services provided in a setting
other than an acute care unit of hospital
- 30 day free look period
insurer will reinstate long-term care policy if the insured... - correct
answer-asks the insurer to reinstate policy within 5 months of the date
the coverage lapsed
,continuous care insurance - correct answer-aka workers compensation
insurance
Health Insurance Marketplace - correct answer-makes health coverage
available to any uninsured individuals; individuals with Medicare
coverage are not eligible to use the Marketplace to buy health or dental
plan
essential benefits (ACA) - correct answer-hospitalization, maternity,
emergency services, wellness and preventative services, and chronic
disease management
preventive benefits (ACA) - correct answer-100% of preventive care be
covered without cost sharing; includes routine checkups, screenings,
and counseling to prevent health problems
metal level plans - correct answer-1. Platinum: 90%
2. Gold: 80%
3. Silver: 70%
, 4. Bronze: 60%
catastrophic plans - correct answer-young adults under age 30, and
individuals who cannot obtain affordable coverage may be able to
purchase this to cover essential benefits
- lower monthly premiums but high deductibles
small employers (ACA) - correct answer-those with at least one but not
more than 100 employees
Silver State Health Insurance Exchange - correct answer-a sate-based
health insurance exchange
max amount in death benefits (Guaranty) - correct answer-$300,000
but no more than $100,000 in net cash for surrender and withdrawal
for life insurance
