Free Insurance Regulation Practice Questions
Nevada Accident & Health exam — 193 practice questions.
Subtopics: Commissioner, Certificate of authority, Line of authority, Examination authority, HMO oversight, Cease and desist, Penalties, Free look mandate, Guaranty association, Misrepresentation, Continuing education, Renewability, Appointment, Fraud, Privacy, Statutory source, Commissioner appointment, Commissioner qualifications, Commissioner restrictions, Commissioner duties, Criminal referrals, Legal counsel, Insurer examinations, Examination expenses, Examination of producers, Obstructing an examination, Hearing requests, Notice of hearing, Judicial review, Subpoena power, Domestic, foreign, alien, Authorized insurer, Mutual and stock insurers, Transacting insurance, Premium definition, Unauthorized insurers, Unauthorized transactions, License required, Unlicensed activity fine, Licensing exemptions, Resident license requirements, Fingerprints, Business entity license, Examination, Exam retake, Applying after the exam, Lines of authority, License term, Late renewal, Reinstatement of license, Military extension, Unreachable licensee, Nonresident licensing, Nonresident address change, Moving to Nevada, Exam exemptions, Fictitious names, Temporary licenses, Agent vs broker, Appointment filing, Appointment review, Appointment fees, Termination notice, Termination comments, Reporting actions, Reporting prosecutions, Grounds for discipline, Suspension limit, Administrative fines, Denial hearing, Suspended licensee duties, Lapsed license enforcement, Criminal penalty, Suspended persons, Twisting, Rebating, Securities as inducement, Unfair discrimination, Living organ donors, Sex and marital status, Defamation, Boycott and coercion, Guaranty advertising, False financial statements, Cease and desist violations, Unfair claims practices, Unfair claims remedy, Insurance fraud, Fraud reporting, Fraud restitution, Privacy notices, Nonpublic personal information, Fiduciary capacity, Premium remittance, Commingling waiver, Trust account deficiency, Return premiums, Trust account naming, Failure to remit, Sharing commissions, Renewal commissions, Records retention, Records content, Insurance consultants, Prepaid funeral agents, Reinsurance intermediaries, Administrators, Guaranty membership, Guaranty limits, Guaranty exclusions, Guaranty supervision, Credit insurance, Group eligibility, Advertising, Exchange enrollment facilitators, Guaranty health limits, Credit accident and health, Credit unemployment, Fair Credit Reporting Act, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Unfair trade practices, Claims practices, Fiduciary duty, Producer licensing, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. The public official who heads Nevada's Division of Insurance and enforces the state insurance code is the:
Commissioner of Insurance
NRS 232.820 makes the Commissioner of Insurance the head of the Division of Insurance; NRS 679B.120 directs the Commissioner to enforce the Insurance Code.
2. Before an insurer may transact accident and health business in Nevada it must obtain from the Division a:
Certificate of authority
NRS 680A.060 bars an insurer from transacting insurance in Nevada except under a certificate of authority issued by the Commissioner.
3. To sell accident and health insurance in Nevada, a producer must hold which line of authority?
Accident and health
NRS 683A.261(1)(b) lists accident and health insurance (sickness, bodily injury or accidental death, possibly including disability income) as a line of authority.
4. The Commissioner's power to review a Nevada insurer's financial books and market conduct is carried out through a(n):
Examination
The Commissioner may conduct financial and market conduct examinations to review an insurer's books and practices.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
