Insurance Licensing
InsNV_Health02
Q1:
In a cross-purchase buy-sell agreement funded by life insurance, who typically owns the policy on each business owner?
○
A
The business entity owns every policy.○
B
Each owner owns policies on the other owners.○
C
The insured owner's children own the policy.○
D
The producer owns the policy until death occurs.
Insurance Licensing
InsNV_Health02
Q2:
Which of the following groups is NOT eligible to purchase blanket health insurance to cover its members for a specific event or activity?
○
A
A church○
B
A family○
C
A newspaper corporation○
D
A volunteer fire department
Insurance Licensing
InsNV_Health02
Q3:
Under an Accidental Death and Dismemberment policy, in which of the following circumstances will an autopsy NOT be performed?
○
A
When the beneficiary refuses to give consent○
B
When it is prohibited by law○
C
When the cause of death was an illness○
D
When the cause of death was an accident
Insurance Licensing
InsNV_Health02
Q4:
Under Nevada law, the definition of "insurer" includes:
○
A
a security dealer○
B
an indemnitor○
C
a financial planner○
D
a syndicate
Insurance Licensing
InsNV_Health02
Q5:
Which of the following is true regarding Medicare Advantage Plans?
○
A
For many enrollee's deductible or coinsurance payments are reduced or eliminated○
B
Vision and dental coverage is mandated.○
C
Prescription drug coverage mandates generics only○
D
The enrollee may opt out of a preventative health care program and receive a reduced premium