Free Insurance Licensing InsNV_Health02 Exam Dumps Questions & Answers

According to Nevada law, an authorized insurer is BEST defined as:

• A.  an insurer with a certificate of authority issued by the National Association of Insurance Commissioners (NAIC)
• B.  an insurer authorized under a certificate of authority issued by the Governor of Nevada
• C.  any insurer with minimum assets as required by this state
• D.  an insurer with a certificate of authority issued by the Insurance Commissioner of Nevada

A group health insurance policy MUST include coverage for which of the following expenses?

• A.  Hospice
• B.  Adult dental
• C.  Over-the-counter dietary supplements
• D.  Adult vision

A producer receives a phone call from an insured who already has health insurance and now wants to buy an Accidental Death and Dismemberment (AD & D) policy. In this situation, the producer should take which of the following actions?

• A.  Fill out the application by phone interview with the prospect, and obtain the prospect ' s signature after the company approves the application.
• B.  Meet with the prospect, ask the prospect to complete the application, and have the prospect sign the application.
• C.  Answer the routine application questions, meet with the prospect to obtain any additional information, and have the prospect sign the application.
• D.  Mail the application to the prospect and request that the prospect complete it, sign it, and return it to the insurance company.

As a condition to granting a loan, a creditor can:

• A.  assess a higher interest rate if insurance is not purchased
• B.  accept assignment from an existing policy
• C.  require insurance in an amount greater than the debt
• D.  require insurance coverage through a specific insurer

Which of the following statements is CORRECT about a Disability Income policy with a Guaranteed Insurability rider?

• A.  The insurance company must exchange the original policy for a new one at the insurability date.
• B.  The insurance company guarantees the premium rate for the life of the policy.
• C.  The insured may periodically increase the amount of benefits payable under the policy.
• D.  The insured must periodically provide proof of insurability to the insurance company.