Nevada Life & Health Insurance EXAM STUDY GUIDE || MOST
RECENT EXAM 2026-2027 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!! NEWEST
EXAM | JUST RELEASED!!
What age must every insurer that offers health insurance
policies that provide coverage for dependent children provide
that coverage? - ANSWER -up the the age of 26
How many years must a group member need to be on a
terminated plan to be
able to convert to individual permanent insurance of the
same coverage? -
ANSWER -5
years
What is the premium in term insurance? - ANSWER -
regardless of type of term
insurance purchased, premium is level throughout the term of
policy
HR-10 or Keogh - ANSWER -make it possible for self-
employed person to be
covered under an IRS qualified
retirement plan
,How often may the Commissioner examine each
authorized insurer? -
ANSWER -as many times as deemed necessary but at least once
every 5 years
Within how many days must a person aggrieved by an act file
an application to
the Commissioner? - ANSWER -within 60 days after the
person knew or
reasonably should have known
of the act
Within how many days must the Commissioner hold a hearing?
- ANSWER within 30 days after the filing of the application,
unless postponed by mutual consent
How many days written notice of a hearing must the
Commissioner give? -
ANSWER -not less than 20 days in
advance
In how many days will the Commissioner make a determination
on the hearing?
- ANSWER -within 30
days
If an individual who was denied license or license renewal
requests a hearing
,before the Commissioner, it must be held in how many
days? - ANSWER -
within 30
days
penalty for willfully engaging in unauthorized
transaction of insurance -
ANSWER -administrative fine of not more than $10,000 for each
act or violation
- should not occur later than 5 years after violation occured
anyone who transacts insurance without a license is subject
to... - ANSWER -
administrative fine of $1,000 for each
violation
How many days must the insurer provide the policyowner that
policy is going to
lapse? - ANSWER -30 days
written notice
How long may an insurance company defer a policy loan
request? - ANSWER -
up to 6
months
A nonresident producer that moves from one state to another
must file a change
, of address in how many days? - ANSWER -within 30 days
of this change
A person license in another state who moves to Nevada and
wants to become
license as resident producer must apply for licensing in
how many days? -
ANSWER -within 90 days after establishing
legal residence
a person who solicits the sale of a prepaid contract without a
license is subject
to... - ANSWER -administrative fine of up to $1,000 for
each violation
What is a penalty tax for nonqualified distributions from a
health savings
account? - ANSWER -
20%
When possible, what should insurers strive to eliminate
from illustrations? -
ANSWER -footnotes and
caveats
If a consumer requests additional information concerning an
investigative consumer report, how long does the
insurer/reporting agency have to comply? - ANSWER -5 days
RECENT EXAM 2026-2027 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!! NEWEST
EXAM | JUST RELEASED!!
What age must every insurer that offers health insurance
policies that provide coverage for dependent children provide
that coverage? - ANSWER -up the the age of 26
How many years must a group member need to be on a
terminated plan to be
able to convert to individual permanent insurance of the
same coverage? -
ANSWER -5
years
What is the premium in term insurance? - ANSWER -
regardless of type of term
insurance purchased, premium is level throughout the term of
policy
HR-10 or Keogh - ANSWER -make it possible for self-
employed person to be
covered under an IRS qualified
retirement plan
,How often may the Commissioner examine each
authorized insurer? -
ANSWER -as many times as deemed necessary but at least once
every 5 years
Within how many days must a person aggrieved by an act file
an application to
the Commissioner? - ANSWER -within 60 days after the
person knew or
reasonably should have known
of the act
Within how many days must the Commissioner hold a hearing?
- ANSWER within 30 days after the filing of the application,
unless postponed by mutual consent
How many days written notice of a hearing must the
Commissioner give? -
ANSWER -not less than 20 days in
advance
In how many days will the Commissioner make a determination
on the hearing?
- ANSWER -within 30
days
If an individual who was denied license or license renewal
requests a hearing
,before the Commissioner, it must be held in how many
days? - ANSWER -
within 30
days
penalty for willfully engaging in unauthorized
transaction of insurance -
ANSWER -administrative fine of not more than $10,000 for each
act or violation
- should not occur later than 5 years after violation occured
anyone who transacts insurance without a license is subject
to... - ANSWER -
administrative fine of $1,000 for each
violation
How many days must the insurer provide the policyowner that
policy is going to
lapse? - ANSWER -30 days
written notice
How long may an insurance company defer a policy loan
request? - ANSWER -
up to 6
months
A nonresident producer that moves from one state to another
must file a change
, of address in how many days? - ANSWER -within 30 days
of this change
A person license in another state who moves to Nevada and
wants to become
license as resident producer must apply for licensing in
how many days? -
ANSWER -within 90 days after establishing
legal residence
a person who solicits the sale of a prepaid contract without a
license is subject
to... - ANSWER -administrative fine of up to $1,000 for
each violation
What is a penalty tax for nonqualified distributions from a
health savings
account? - ANSWER -
20%
When possible, what should insurers strive to eliminate
from illustrations? -
ANSWER -footnotes and
caveats
If a consumer requests additional information concerning an
investigative consumer report, how long does the
insurer/reporting agency have to comply? - ANSWER -5 days
