Insurance Licensing InsNV_Health02 Q&A - in .pdf

  • Exam Code: InsNV_Health02
  • Exam Name: NV Accident and Health
  • Updated: Aug 18, 2026
  • Q & A: 132 Questions and Answers
  • Printable Insurance Licensing InsNV_Health02 PDF Format. It is an electronic file format regardless of the operating system platform.
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Insurance Licensing InsNV_Health02 Q&A - Testing Engine

  • Exam Code: InsNV_Health02
  • Exam Name: NV Accident and Health
  • Updated: Aug 18, 2026
  • Q & A: 132 Questions and Answers
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Insurance Licensing InsNV_Health02 Exam Syllabus Topics:

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

                                                      Insurance Licensing NV Accident and Health Sample Questions:

                                                      1. The Nevada Insurance Commissioner may revoke the license of any licensed producer who:

                                                      A) misappropriates monies belonging to policyholders
                                                      B) is found liable by final judgment in a civil case
                                                      C) fails to file an annual financial report with the Division of Insurance
                                                      D) fails to notify the Commissioner of a change of address within forty-eight hours


                                                      2. For a group health plan subject to the federal waiting-period rule, the waiting period for otherwise eligible employees generally may not exceed:

                                                      A) 60 calendar days
                                                      B) 90 calendar days
                                                      C) 180 calendar days
                                                      D) 30 calendar days


                                                      3. Which type of health insurance is designed primarily to reimburse medical expenses such as hospital, surgical, and physician charges?

                                                      A) Disability income insurance
                                                      B) Credit life insurance
                                                      C) Accidental death insurance
                                                      D) Medical expense insurance


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

                                                      A) It contains more limitations than a Basic Hospital, Medical, or Surgical policy.
                                                      B) It provides benefits for reasonable and necessary medical expenses, subject to policy limits.
                                                      C) It provides benefits for in-hospital expenses only, subject to policy limits.
                                                      D) It contains a 30-day Elimination period for losses due to sickness.


                                                      5. 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) Unilateral
                                                      B) Aleatory
                                                      C) Conditional
                                                      D) Personal


                                                      Solutions:

                                                      Question # 1
                                                      Answer: A
                                                      Question # 2
                                                      Answer: B
                                                      Question # 3
                                                      Answer: D
                                                      Question # 4
                                                      Answer: B
                                                      Question # 5
                                                      Answer: B

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