Free Insurance Licensing InsNV_Health02 Practice Test & Real Exam Questions

Exam Code/Number: InsNV_Health02
Exam Name/Title: NV Accident and Health
Certification Provider: Insurance Licensing
Corresponding Certification: Nevada Insurance

Exam Questions: 132
Updated On: Aug 14, 2026

Question #1

Nevada insurance laws define a domestic insurance company as one formed under the laws of:

A. any territory of the United States of America

B. the state of Nevada as well as any of its neighboring states

C. the state of Nevada only

D. any jurisdiction of the United States of America

Discussion 0

Correct Answer: C Vote an answer

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Question #2

In Nevada, which life insurance policy is subject to a 30-day right to surrender for a premium refund after delivery?

A. An industrial life policy

B. A standard nonreplacement life insurance policy

C. A replacement life insurance policy

D. A group life certificate

Discussion 0

Correct Answer: C Vote an answer

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Question #3

What is the minimum age requirement for a natural person applying for a resident Nevada producer license?

A. 25 years old

B. 18 years old

C. 16 years old

D. 21 years old

Discussion 0

Correct Answer: B Vote an answer

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Question #4

Which premium-payment mode usually results in the lowest total annual premium cost for the policyowner?

A. Annual

B. Monthly

C. Semiannual

D. Quarterly

Discussion 0

Correct Answer: A Vote an answer

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Question #5

Which of the following statements is CORRECT about the Medicaid program?

A. It provides medical assistance for participants who are blind.

B. Participants must be at least 55 years of age.

C. The program is administered at the federal level.

D. It is supplemented by Medicare for persons 62 years of age or older.

Discussion 0

Correct Answer: A Vote an answer

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Question #6

A consumer wishes to purchase an insurance policy that covers pre-existing illnesses. The consumer contacted the producer who informed the consumer:

A. there are some health insurance plans that cover pre-existing conditions with a surcharge

B. there are no out-of-pocket fees for persons with pre-existing conditions

C. the consumer ' s pre-existing condition will not stop the consumer from enrolling in a Qualified Health Plan (QHP) on the Exchange

D. there are no plans that cover pre-existing conditions

Discussion 0

Correct Answer: C Vote an answer

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Question #7

Insurance for the primary purpose of repaying a loan in the event of disability is referred to as:

A. Credit Accident and Health policy

B. Credit Life and Major Medical policy

C. Loan Repayment policy

D. Guaranteed Asset Protection policy

Discussion 0

Correct Answer: A Vote an answer

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Question #8

An insurer shall not issue an individual long-term care insurance contract in Nevada unless the insurer has received from the applicant:

A. a written designation of at least one person, in addition to the applicant, who must receive notice of any lapse or termination of coverage under the policy for nonpayment of premium

B. a notarized waiver dated and signed by the applicant stating that the applicant has chosen not to designate another person to receive notice of any lapse or termination of coverage for nonpayment of premium

C. a written designation by the applicant to pay premium for long-term care insurance through either a payroll or pension deduction plan

D. a designation by at least one person, in addition to the applicant, to accept liability for services provided to the applicant

Discussion 0

Correct Answer: A Vote an answer

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Question #9

In a cross-purchase buy-sell agreement funded by life insurance, who typically owns the policy on each business owner?

A. The insured owner's children own the policy.

B. Each owner owns policies on the other owners.

C. The producer owns the policy until death occurs.

D. The business entity owns every policy.

Discussion 0

Correct Answer: B Vote an answer

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Question #10

Which of the following statements is CORRECT about Medicare?

A. It provides benefits to totally disabled persons only.

B. Its Part A provides payment for physicians ' bills.

C. It is a hospital and medical expense insurance program.

D. It is a medical assistance program.

Discussion 0

Correct Answer: C Vote an answer

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