Oct 12, 2026 Newest InsNV_Health02 Exam Dumps – Achieve Success in Actual InsNV_Health02 Exam [Q30-Q53]

Posted On October 12, 2026

Oct 12, 2026 Newest InsNV_Health02 Exam Dumps – Achieve Success in Actual InsNV_Health02 Exam

Updated Insurance Licensing InsNV_Health02 Dumps – Check Free InsNV_Health02 Exam Dumps (2026)

Insurance Licensing InsNV_Health02 Exam Syllabus Topics:

Section	Weight	Objectives
Nevada Statutes and Codes Common to Life, Health, Property, and Casualty Insurance	20%	– Licensing 1. Renewal and continuing education 2. Obtaining a license 3. Termination of license 4. Suspension, revocation, and refusal of license 5. Persons required to be licensed 6. Name of licensee – Nevada Life and Health Insurance Guaranty Association – Definitions 1. Premiums 2. Insurer 3. Transacting insurance 4. Authorized and unauthorized 5. Certificate of authority 6. Domestic, foreign, and alien 7. Cost-sharing – Marketing Practices 1. Required records and record retention 2. Unfair practices Unfair claims methods and practices and settlement of claims Rebating and inducement Twisting Misrepresentation Fraud Unfair discrimination Defamation 3. Fiduciary responsibilities 4. Commissions and payment restrictions 5. Silver State Health Insurance Exchange 6. Affordable Care Act – Insurance Commissioner 1. General powers and duties 2. Examinations 3. Notice and hearings and penalties
Nevada Statutes and Codes Pertinent to Health Insurance Only	14%	– Coverage for reconstructive surgery – Medicare 1. Medicare supplement regulation 2. Prescription Drug Plan 3. Medicare Advantage Plans – Long Term Care – Hospice care – Mandatory policy clauses and provisions 1. Coverage for preventive healthcare services 2. Coverage for newborn children 3. Coverage for physical handicap or intellectual disability for dependent children – Availability of coverage for mental health and treatment of alcohol abuse and drug abuse
Nevada Statutes and Codes Common to Life and Health Insurance Only	4%	– Group life and health insurance 1. Required provisions 2. Eligible groups – Credit life and health insurance – Advertising
Accident & Health – General Knowledge	50%	– Types of Policies 1. Medical expense insurance Basic hospital, medical, and surgical policies Major medical policies Health Maintenance Organizations Preferred Provider Organizations Point of Service plans Flexible Spending Accounts High Deductible Health Plans and Health Savings Accounts Health Reimbursement Accounts 2. Individual and Group Long Term Care Eligibility Levels of care 3. Disability income Individual disability income policy Business overhead expense policy Business disability buyout policy Group disability income policy Key employee policy 4. Medicare supplement policies 5. Other policies Dental Vision Cancer Critical illness or specified disease Worksite employer-sponsored Hospital indemnity Short-term medical Accident 6. Accidental death and dismemberment 7. Group insurance Differences between individual and group contracts General characteristics COBRA – Field Underwriting Procedures 1. Replacement 2. Completing the application 3. Contract law Elements of a contract Insurable interest Warranties and representations Unique aspects of the insurance contract 4. Initial premium payment and receipt 5. Policy delivery 6. Submitting application and initial premium to company for underwriting 7. Explaining policy provisions, riders, exclusions, and ratings 8. Sources of insurability and HIPAA privacy information – Other Insurance Concepts 1. Subrogation 2. Modes of premium payments 3. Managed care 4. Primary and contingent beneficiaries 5. Workers Compensation 6. Dependent children benefits 7. Cost containment 8. Total, partial, recurrent, and residual disability 9. Owner’s rights 10. Occupational vs. non-occupational 11. Nonduplication and coordination of benefits 12. Tax treatment of premiums and proceeds of insurance contracts – Policy Provisions, Clauses, and Riders 1. Riders Impairment and exclusions Guaranteed insurability Future increase option 2. Other provisions and clauses Insuring clause Free look Consideration clause Probationary period Elimination period Waiver of premium Exclusions and limitations Preexisting conditions Coinsurance Deductibles Eligible expenses Copayments Pre-authorizations and prior approval requirements Usual, reasonable, and customary charges Lifetime, annual, or per cause maximum benefit limits 3. Rights of renewability Noncancelable Cancelable Guaranteed renewable 4. Mandatory and optional provisions Entire contract Time limit on certain defenses Grace period Reinstatement Notice of claim Claim forms Proof of loss Time of payment of claims Payment of claims Physical examination and autopsy Legal actions Change of beneficiary Misstatement of age or gender Change of occupation Illegal occupation Relation of earnings to insurance – Social Insurance 1. Medicare Parts A, B, C, and D 2. Social Security benefits 3. Medicaid

NO.30 In Nevada, a producer or examining physician who knowingly and willfully makes a false statement on an application for insurance may be guilty of:

twisting

fraud

misrepresentation

coercion

NO.31 An insurance company MUST take which of the following actions to terminate a producer ‘ s appointment?

Send notice of the termination to the Insurance Commissioner

Request that the Division of Insurance cancel the producer ‘ s license

Notify the producer of the termination at least thirty days before the effective date of termination

Request a hearing before the Insurance Commissioner

NO.32 The Nevada Insurance Commissioner may revoke the license of any licensed producer who:

is found liable by final judgment in a civil case

fails to file an annual financial report with the Division of Insurance

fails to notify the Commissioner of a change of address within forty-eight hours

misappropriates monies belonging to policyholders

NO.33 A producer aggrieved by any regulation or order of the Insurance Commissioner may request:

an administrative hearing

injunctive relief through the Secretary of State

legislative review of the case

peer review of the case

NO.34 A whole life policyowner stops paying premiums and chooses to use the policy’s cash value to purchase the same face amount of insurance for as long as that cash value will buy. Which nonforfeiture option was selected?

Cash surrender

Extended term insurance

Reduced paid-up insurance

Automatic premium loan

NO.35 The Fair Credit Reporting Act requires that:

interest charged on premium loans be limited to a specified amount

applicants be advised that a consumer report may be requested

insurance companies treat insureds fairly and not discriminate

insurance companies pay interest on claims that are paid late

NO.36 One key distinction between producers and Exchange Enrollment Facilitator (EEF) is producers:

can recommend a health plan for a consumer

can explain insurance terms like copayments and deductibles

can answer questions regarding program eligibility

are compensated monetarily

NO.37 Under a Disability policy, the Elimination period is:

usually longer for accidents than for sickness

predetermined by the insurance company

similar to a deductible but expressed in terms of time rather than dollars

the same as a Probationary period

NO.38 In a contributory group health insurance plan, which statement is correct?

The employer pays the entire premium.

Employees contribute part of the premium and participation requirements commonly apply.

Only executives may enroll.

No enrollment forms are necessary.

NO.39 The Nevada Life and Health Insurance Guaranty Association becomes involved in an insurance company ‘ s affairs when the company:

enters a lawsuit against a claimant

withdraws as an Association member

becomes insolvent

denies a claim

NO.40 Which of the following statements is CORRECT about the Medicaid program?

It provides medical assistance for participants who are blind.

Participants must be at least 55 years of age.

It is supplemented by Medicare for persons 62 years of age or older.

The program is administered at the federal level.

NO.41 In order for a health insurance producer to be an Exchange Enrollment Facilitator (EEF), the producer:

can receive commissions from the company in addition to the compensation as a facilitator

can receive both commission and compensation as a facilitator

must surrender the producer ‘ s license and apply for an Exchange Enrollment Facilitator license

can offer advice to consumers resulting in the ” steering ” of the selection of coverage

NO.42 According to Nevada law, an authorized insurer is BEST defined as:

any insurer with minimum assets as required by this state

an insurer with a certificate of authority issued by the National Association of Insurance Commissioners (NAIC)

an insurer with a certificate of authority issued by the Insurance Commissioner of Nevada

an insurer authorized under a certificate of authority issued by the Governor of Nevada

NO.43 A policyowner borrows money from the insurer using the cash value of a whole life policy as security. If the loan and accrued interest are unpaid when the insured dies, what is the usual result?

The beneficiary receives the full death benefit and the loan is forgiven.

The death benefit is reduced by the outstanding loan and interest.

The insurer cancels the policy immediately when the loan is made.

The cash value is transferred automatically to the beneficiary instead of the death benefit.

NO.44 A policy pays a stated dollar amount for each day an insured is confined to a hospital, regardless of the actual hospital bill. What type of coverage is this?

Hospital indemnity insurance

Major medical insurance

Comprehensive dental insurance

Disability buy-sell insurance

NO.45 Which feature most clearly distinguishes a health maintenance organization (HMO) from a traditional indemnity health insurance plan?

The HMO always reimburses any provider at the same level.

The HMO pays only after the insured satisfies a cash-value requirement.

The HMO commonly uses a provider network and coordinates care through managed-care rules.

The HMO provides only disability-income benefits.

NO.46 Which of the following statements is CORRECT about Business Overhead Expense insurance?

It can be obtained only by corporations.

It covers eligible expenses for staff, rent, and utilities.

It reimburses the policyowner for loss of income.

It covers eligible expenses for staff only.

NO.47 Which of the following statements is generally CORRECT about a major medical policy?

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

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

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

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

NO.48 For Social Security disability benefits, which statement is generally correct?

Benefits are payable for any short-term illness that prevents work for one week.

The program uses a strict definition of disability involving inability to perform substantial work for a required duration.

Benefits are available only to persons age 65 or older.

The program is funded entirely by private insurance premiums.

NO.49 Which of the following groups is NOT eligible to purchase blanket health insurance to cover its members for a specific event or activity?

A church

A family

A newspaper corporation

A volunteer fire department

NO.50 An insured purchases a rider that pays an additional amount only if death results from a covered accident.
This rider is best described as:

An accidental death benefit rider

A guaranteed-insurability rider

A cost-of-living rider

A return-of-premium rider

NO.51 Which type of health insurance is designed primarily to reimburse medical expenses such as hospital, surgical, and physician charges?

Medical expense insurance

Disability income insurance

Accidental death insurance

Credit life insurance

NO.52 Which statement best describes Medicare Part B?

It is automatic for every person at age 55.

It is medical insurance and generally requires enrollment and a monthly premium.

It provides only outpatient prescription-drug benefits.

It is Medicaid coverage for low-income individuals.

NO.53 Which of the following policies provides a specified income benefit when the insured person becomes unable to work because of illness or accident?

Emergency Income

Supplemental Income

Temporary Income

Disability Income