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| Section | Weight | Objectives |
|---|---|---|
| Nevada Statutes, Rules and Regulations | ~32% | - General State Insurance Regulations
|
| Accident and Health — General Knowledge | ~68% | - Insurance Concepts and Underwriting
|
1. Nevada insurance laws define a domestic insurance company as one formed under the laws of:
A) the state of Nevada only
B) any jurisdiction of the United States of America
C) any territory of the United States of America
D) the state of Nevada as well as any of its neighboring states
2. Which of the following statements is correct about the Coordination of Benefits provision?
A) It prohibits an insurer from selling a health policy to an applicant who already has similar coverage.
B) It allows an insured to change insurers without losing benefits.
C) It prevents an insured covered by two health plans from making a profit on a covered loss.
D) It permits an insurer to defer paying a claim for a work-related injury until Workers ' Compensation Benefits have expired.
3. In Nevada, which life insurance policy is subject to a 30-day right to surrender for a premium refund after delivery?
A) A group life certificate
B) An industrial life policy
C) A replacement life insurance policy
D) A standard nonreplacement life insurance policy
4. In order to be covered under the Nevada Life and Health Insurance Guaranty Association, an insurance company MUST be:
A) admitted
B) rated by AM Best
C) alien
D) a fraternal benefit society
5. One key distinction between producers and Exchange Enrollment Facilitator (EEF) is producers:
A) can answer questions regarding program eligibility
B) can explain insurance terms like copayments and deductibles
C) are compensated monetarily
D) can recommend a health plan for a consumer
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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