Free InsNV_Health02 Questions for Insurance Licensing NV Accident and Health InsNV_Health02 Exam as PDF & Practice Test Engine

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: Oct 13, 2026

Question #1

Which statement best describes a group life conversion privilege?

A. It guarantees that the group premium will never increase.

B. It allows the employer to convert all employees into beneficiaries.

C. It transfers the employee's group policy cash value to a retirement account.

D. It allows an insured leaving the group to obtain individual coverage without evidence of insurability, subject to the policy terms.

Discussion 0

Correct Answer: D Vote an answer

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Question #2

A corporation purchases life insurance on a highly valuable executive and is named as owner, premium payer, and beneficiary. What is the primary purpose of this arrangement?

A. Credit life insurance

B. Key person insurance

C. Viatical settlement insurance

D. Family maintenance insurance

Discussion 0

Correct Answer: B Vote an answer

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Question #3

An Outline of Coverage for Medicare Supplement policies must be provided to a prospective insured at which of the following times?

A. When the premium is paid

B. At the time a claim is submitted

C. At the time of application

D. When the policy is delivered

Discussion 0

Correct Answer: C Vote an answer

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Question #4

A group health policy that covers hospital expenses MUST also cover:

A. burial expenses

B. travel expenses for caretakers

C. elective cosmetic surgery

D. routine physical examinations

Discussion 0

Correct Answer: D Vote an answer

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Question #5

The Fair Credit Reporting Act requires that:

A. interest charged on premium loans be limited to a specified amount

B. applicants be advised that a consumer report may be requested

C. insurance companies pay interest on claims that are paid late

D. insurance companies treat insureds fairly and not discriminate

Discussion 0

Correct Answer: B Vote an answer

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Question #6

Which of the following statements is generally CORRECT about a major medical policy?

A. It provides benefits for in-hospital expenses only, subject to policy limits.

B. It contains more limitations than a Basic Hospital, Medical, or Surgical policy.

C. It contains a 30-day Elimination period for losses due to sickness.

D. It provides benefits for reasonable and necessary medical expenses, subject to policy limits.

Discussion 0

Correct Answer: D Vote an answer

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Free InsNV_Health02 Questions for Insurance Licensing NV Accident and Health InsNV_Health02 Exam as PDF & Practice Test Engine

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