Free Insurance Regulation Practice Questions
Nevada Life, Accident & Health exam — 238 practice questions.
Subtopics: Coercion, Boycott, Unfair discrimination, Commission sharing, Accepting business, Unlicensed activity, Annuity recommendations, Buyer's guide, Reserves, Examination of insurers, Reporting actions, Appointment termination, Privacy notice, Fiduciary remittance, Hearings, Penalties, 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, Certificate of authority, 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 prosecutions, Grounds for discipline, Suspension limit, Administrative fines, Denial hearing, Suspended licensee duties, Lapsed license enforcement, Criminal penalty, Suspended persons, Misrepresentation, Twisting, Rebating, Securities as inducement, Living organ donors, Sex and marital status, Defamation, Boycott and coercion, Guaranty advertising, False financial statements, Cease and desist, Cease and desist violations, Unfair claims practices, Unfair claims remedy, Insurance fraud, Fraud reporting, Fraud restitution, Privacy, 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 association, Guaranty membership, Guaranty limits, Guaranty exclusions, Guaranty supervision, Credit insurance, Group eligibility, Advertising, Replacement definition, Replacement duties of agents, Replacement records, Replacing insurer duties, Replacement exemptions, Replacement notice, Replacement knowledge, Replacement statements, Buyer's guide timing, Policy summary, Disclosure scope, Agent identification, Dividend disclosure, Disclosure failure, Advisory titles, Senior designations, Fraternal benefit societies, Fraternal agents, Fraternal tax status, Guaranty owner limit, Variable line of authority, Exchange enrollment facilitators, Guaranty health limits, Credit accident and health, Credit unemployment, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Replacement, Annuity best interest, HIV testing
Read the Insurance Regulation study guide
Sample questions & answers
1. A Nevada producer who pressures a borrower to buy insurance from a particular agency as a condition of approving a loan commits the unfair practice of:
Coercion
Using pressure, such as conditioning a loan, to force a purchase from a particular source is coercion; NRS 686A.090 bans coercion and intimidation in the insurance business, and NRS 690A.140 lets a debtor furnish required insurance from any authorized insurer.
2. An agreement among insurers to refuse to deal with a particular producer or competitor is the prohibited practice of:
Boycott
Boycott, coercion, and intimidation that restrain or monopolize the business of insurance are prohibited unfair trade practices.
3. Charging two individuals of the same class and risk different life insurance rates without justification is:
Unfair discrimination
Unfair discrimination is treating insureds of the same class and risk differently in rates or terms without a sound actuarial basis.
4. Under NRS 683A.325, an appointed Nevada agent may share a sales commission with:
A licensed broker or the insurer's appointed producer
NRS 683A.325 permits an appointed agent to pay commissions only to a licensed and appointed producer of the insurer with whom insurance was placed or to a licensed producer acting as a broker.
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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.
