Insurance Licensing InsNV_Health02 Exam : NV Accident and Health

Insurance Licensing InsNV_Health02 exam
  • Exam Code: InsNV_Health02
  • Exam Name: NV Accident and Health
  • Updated: Aug 13, 2026
  • Q & A: 132 Questions and Answers
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Insurance Licensing InsNV_Health02 Exam Syllabus Topics:
SectionWeightObjectives
Nevada Statutes and Codes Common to Life and Health Insurance Only4%- Advertising
- Group life and health insurance
  • 1. Required provisions
    • 2. Eligible groups
      - Credit life and health insurance
      Nevada Statutes and Codes Pertinent to Health Insurance Only14%- Coverage for reconstructive surgery
      - Availability of coverage for mental health and treatment of alcohol abuse and drug abuse
      - Medicare
      • 1. Medicare Advantage Plans
        • 2. Prescription Drug Plan
          • 3. Medicare supplement regulation
            - Hospice care
            - Long Term Care
            - Mandatory policy clauses and provisions
            • 1. Coverage for physical handicap or intellectual disability for dependent children
              • 2. Coverage for preventive healthcare services
                • 3. Coverage for newborn children
                  Accident & Health – General Knowledge50%- Social Insurance
                  • 1. Medicare Parts A, B, C, and D
                    • 2. Social Security benefits
                      • 3. Medicaid
                        - Field Underwriting Procedures
                        • 1. Sources of insurability and HIPAA privacy information
                          • 2. Contract law
                            • Elements of a contract
                            • Insurable interest
                            • Warranties and representations
                            • Unique aspects of the insurance contract
                          • 3. Replacement
                            • 4. Initial premium payment and receipt
                              • 5. Completing the application
                                • 6. Explaining policy provisions, riders, exclusions, and ratings
                                  • 7. Submitting application and initial premium to company for underwriting
                                    • 8. Policy delivery
                                      - Other Insurance Concepts
                                      • 1. Total, partial, recurrent, and residual disability
                                        • 2. Primary and contingent beneficiaries
                                          • 3. Workers Compensation
                                            • 4. Tax treatment of premiums and proceeds of insurance contracts
                                              • 5. Dependent children benefits
                                                • 6. Subrogation
                                                  • 7. Managed care
                                                    • 8. Modes of premium payments
                                                      • 9. Owner's rights
                                                        • 10. Nonduplication and coordination of benefits
                                                          • 11. Occupational vs. non-occupational
                                                            • 12. Cost containment
                                                              - Types of Policies
                                                              • 1. Other policies
                                                                • Dental
                                                                • Vision
                                                                • Cancer
                                                                • Critical illness or specified disease
                                                                • Worksite employer-sponsored
                                                                • Hospital indemnity
                                                                • Short-term medical
                                                                • Accident
                                                              • 2. Group insurance
                                                                • Differences between individual and group contracts
                                                                • General characteristics
                                                                • COBRA
                                                              • 3. Medicare supplement policies
                                                                • 4. Individual and Group Long Term Care
                                                                  • Eligibility
                                                                  • Levels of care
                                                                • 5. Disability income
                                                                  • Individual disability income policy
                                                                  • Business overhead expense policy
                                                                  • Business disability buyout policy
                                                                  • Group disability income policy
                                                                  • Key employee policy
                                                                • 6. Accidental death and dismemberment
                                                                  • 7. 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
                                                                  - Policy Provisions, Clauses, and Riders
                                                                  • 1. Rights of renewability
                                                                    • Noncancelable
                                                                    • Cancelable
                                                                    • Guaranteed renewable
                                                                  • 2. 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
                                                                  • 3. 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
                                                                  • 4. Riders
                                                                    • Impairment and exclusions
                                                                    • Guaranteed insurability
                                                                    • Future increase option
                                                                  Nevada Statutes and Codes Common to Life, Health, Property, and Casualty Insurance20%- Nevada Life and Health Insurance Guaranty Association
                                                                  - Definitions
                                                                  • 1. Premiums
                                                                    • 2. Authorized and unauthorized
                                                                      • 3. Transacting insurance
                                                                        • 4. Certificate of authority
                                                                          • 5. Cost-sharing
                                                                            • 6. Insurer
                                                                              • 7. Domestic, foreign, and alien
                                                                                - Licensing
                                                                                • 1. Renewal and continuing education
                                                                                  • 2. Persons required to be licensed
                                                                                    • 3. Name of licensee
                                                                                      • 4. Suspension, revocation, and refusal of license
                                                                                        • 5. Termination of license
                                                                                          • 6. Obtaining a license
                                                                                            - 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. Commissions and payment restrictions
                                                                                                • 4. Silver State Health Insurance Exchange
                                                                                                  • 5. Fiduciary responsibilities
                                                                                                    • 6. Affordable Care Act
                                                                                                      - Insurance Commissioner
                                                                                                      • 1. General powers and duties
                                                                                                        • 2. Examinations
                                                                                                          • 3. Notice and hearings and penalties
                                                                                                            Insurance Licensing NV Accident and Health Sample Questions:

                                                                                                            1. The Fair Credit Reporting Act requires that:

                                                                                                            A) insurance companies pay interest on claims that are paid late
                                                                                                            B) applicants be advised that a consumer report may be requested
                                                                                                            C) interest charged on premium loans be limited to a specified amount
                                                                                                            D) insurance companies treat insureds fairly and not discriminate


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

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


                                                                                                            3. Which feature most clearly distinguishes a health maintenance organization (HMO) from a traditional indemnity health insurance plan?

                                                                                                            A) The HMO provides only disability-income benefits.
                                                                                                            B) The HMO pays only after the insured satisfies a cash-value requirement.
                                                                                                            C) The HMO commonly uses a provider network and coordinates care through managed-care rules.
                                                                                                            D) The HMO always reimburses any provider at the same level.


                                                                                                            4. Group coverage for a handicapped dependent child may be continued if the primary insured submits the required proof to the insurance company within what MAXIMUM period of time after the child reaches the limiting age?

                                                                                                            A) 15 days
                                                                                                            B) 30 days
                                                                                                            C) 31 days
                                                                                                            D) 45 days


                                                                                                            5. An individual health insurance policy contains a Change of Occupation provision. If the insured experiences a loss in a more hazardous occupation than when the policy was issued, the insurance company may:

                                                                                                            A) adjust benefits to the amount the premium provides for the new occupation
                                                                                                            B) deny any claim on the basis of misrepresentation
                                                                                                            C) increase the waiting period to adjust for the occupational difference
                                                                                                            D) increase the deductible to adjust for the occupational difference


                                                                                                            Solutions:

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

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