NV Accident and Health (InsNV_Health02) Free Practice Test

Question 1

A client needs a $250,000 death benefit for exactly 20 years to protect a home mortgage. The client wants the lowest practical initial premium and does not need cash-value accumulation. Which policy is most appropriate?

A. Universal life insurance

B. Variable life insurance

C. Level term life insurance

D. Whole life insurance

Correct Answer: C

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Question 2

When a criminal violation of the insurance code has occurred, the Nevada Insurance Commissioner is required to report the violation to the:

A. State Police

B. Lieutenant Governor

C. Secretary of State

D. District Attorney

Correct Answer: D

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Question 3

In a typical HMO arrangement, what is the primary role of the primary care provider?

A. To determine the insurer's investment return

B. To coordinate routine care and referrals under the plan's rules

C. To guarantee that all out-of-network care is covered

D. To sell insurance policies to other patients

Correct Answer: B

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Question 4

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. Medical expense insurance

D. Accidental death insurance

Correct Answer: C

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Question 5

An insured purchases a rider that pays an additional amount only if death results from a covered accident.
This rider is best described as:

A. A guaranteed-insurability rider

B. An accidental death benefit rider

C. A return-of-premium rider

D. A cost-of-living rider

Correct Answer: B

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Question 6

Which statement best describes a preferred provider organization (PPO)?

A. It requires all care to be obtained only from government hospitals.

B. It generally provides greater benefits when members use participating providers but may allow nonnetwork care at a reduced benefit level.

C. It pays only a fixed daily hospital benefit.

D. It has no deductible, coinsurance, or utilization-management features.

Correct Answer: B

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Insurance Licensing NV Accident and Health (InsNV_Health02) Free Practice Test