Insurance Licensing NV Accident and Health - InsNV_Health02 Exam Questions
QUESTION NO: 1
Most insurance companies use the usual, customary, and reasonable (UCR) charges to:
Most insurance companies use the usual, customary, and reasonable (UCR) charges to:
Correct Answer: C
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QUESTION NO: 2
Which feature is most characteristic of universal life insurance?
Which feature is most characteristic of universal life insurance?
Correct Answer: D
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QUESTION NO: 3
In a cross-purchase buy-sell agreement funded by life insurance, who typically owns the policy on each business owner?
In a cross-purchase buy-sell agreement funded by life insurance, who typically owns the policy on each business owner?
Correct Answer: B
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QUESTION NO: 4
Which type of health insurance is designed primarily to reimburse medical expenses such as hospital, surgical, and physician charges?
Which type of health insurance is designed primarily to reimburse medical expenses such as hospital, surgical, and physician charges?
Correct Answer: D
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QUESTION NO: 5
A prospect submits an Accident and Health application with the premium and receives a conditional receipt.
The insurance company issues a policy and mails it to the insured, but the insured never receives it. Which of the following statements is CORRECT about this situation?
A prospect submits an Accident and Health application with the premium and receives a conditional receipt.
The insurance company issues a policy and mails it to the insured, but the insured never receives it. Which of the following statements is CORRECT about this situation?
Correct Answer: D
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QUESTION NO: 6
What is the minimum age requirement for a natural person applying for a resident Nevada producer license?
What is the minimum age requirement for a natural person applying for a resident Nevada producer license?
Correct Answer: B
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QUESTION NO: 7
The Nevada Life and Health Insurance Guaranty Association is financed by which of the following methods?
The Nevada Life and Health Insurance Guaranty Association is financed by which of the following methods?
Correct Answer: A
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QUESTION NO: 8
In a variable annuity, who bears the investment risk associated with the separate-account investment performance?
In a variable annuity, who bears the investment risk associated with the separate-account investment performance?
Correct Answer: D
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QUESTION NO: 9
Which of the following statements is CORRECT about the Medicaid program?
Which of the following statements is CORRECT about the Medicaid program?
Correct Answer: A
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