Insurance Licensing InsNV_Health02 : NV Accident and Health

InsNV_Health02 real exams

Exam Code: InsNV_Health02

Exam Name: NV Accident and Health

Updated: Sep 26, 2026

Q & A: 132 Questions and Answers

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Insurance Licensing InsNV_Health02 Exam Syllabus Topics:

SectionObjectives
General Insurance Regulation- Licensing Requirements and Responsibilities
  • 1. Producer licensing requirements
    • 2. Continuing education and license maintenance
      - Nevada Insurance Department and Regulatory Authority
      • 1. Insurance laws, rules, and regulations
        • 2. Commissioner of Insurance powers and duties
          Accident and Health Insurance Fundamentals- Types of Health Insurance Policies
          • 1. Managed care plans
            • 2. Individual health insurance
              • 3. Group health insurance
                - Medical Expense Insurance
                • 1. Major medical plans
                  • 2. Hospital, surgical, and physician expense coverage
                    - Disability Income Insurance
                    • 1. Disability definitions and benefits
                      • 2. Elimination periods and benefit periods
                        Producer Duties and Ethics- Sales Practices
                        • 1. Advertising and marketing rules
                          • 2. Unfair trade practices
                            - Ethical Responsibilities
                            • 1. Fiduciary responsibilities
                              • 2. Consumer protection requirements
                                Insurance Basics- Risk Management and Insurance Concepts
                                • 1. Insurance principles and contract characteristics
                                  • 2. Types of risk and methods of handling risk
                                    - Insurance Contracts
                                    • 1. Contract elements
                                      • 2. Policy provisions, riders, and exclusions
                                        Government Health Insurance Programs- Medicare
                                        • 1. Medicare parts and eligibility
                                          • 2. Medicare supplement insurance
                                            - Medicaid and Other Programs
                                            • 1. Medicaid eligibility and coverage
                                              Health Insurance Policy Provisions- Mandatory and Optional Provisions
                                              • 1. Policy requirements and clauses
                                                • 2. Renewability provisions
                                                  - Claims and Benefits
                                                  • 1. Claim procedures
                                                    • 2. Benefit determination and payment

                                                      Insurance Licensing NV Accident and Health Sample Questions:

                                                      Question #1

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

                                                      • A. Guaranteed Asset Protection policy
                                                      • B. Credit Accident and Health policy
                                                      • C. Credit Life and Major Medical policy
                                                      • D. Loan Repayment policy
                                                      Reveal Solution  Discussion  0

                                                      Correct Answer: B  🗳️

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                                                      Question #2

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

                                                      • A. the state of Nevada as well as any of its neighboring states
                                                      • B. the state of Nevada only
                                                      • C. any jurisdiction of the United States of America
                                                      • D. any territory of the United States of America
                                                      Reveal Solution  Discussion  0

                                                      Correct Answer: B  🗳️

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                                                      Question #3

                                                      Under the Guaranteed Renewable provision in a policy issued to a group of persons having a common occupation, an insurance company may NOT terminate coverage on a group member if the member:

                                                      • A. ceases to fall within the eligible classification
                                                      • B. becomes disabled
                                                      • C. reaches the age specified in the policy
                                                      • D. ceases to be actively employed
                                                      Reveal Solution  Discussion  0

                                                      Correct Answer: B  🗳️

                                                      Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).

                                                      Question #4

                                                      A life insurance policy owner has paid $1,200 in premiums in six months for a $250,000 policy. The policyowner dies suddenly and the insurer pays the beneficiary $250,000. This exchange of unequal values reflects which of the following insurance contract features?

                                                      • A. Conditional
                                                      • B. Aleatory
                                                      • C. Personal
                                                      • D. Unilateral
                                                      Reveal Solution  Discussion  0

                                                      Correct Answer: B  🗳️

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                                                      Question #5

                                                      A policyowner names two children as beneficiaries "per stirpes." If one child dies before the insured but leaves children, how are that deceased child's share and the surviving child's share handled?

                                                      • A. The estate of the deceased child automatically receives all proceeds.
                                                      • B. The deceased child's descendants receive that child's share.
                                                      • C. The surviving child receives all proceeds.
                                                      • D. The deceased child's share passes to the insurer.
                                                      Reveal Solution  Discussion  0

                                                      Correct Answer: B  🗳️

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