Free Insurance Licensing InsNV_Health02 Exam Dumps Questions & Answers

The Fair Credit Reporting Act requires that:

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

The commission for the placement of nonadmitted insurance is paid by the insurer to the:

• A.Division of Insurance
• B.policyholder
• C.third-party claimant
• D.surplus lines broker

An Outline of Coverage for Medicare Supplement policies must be provided to a prospective insured at which of the following times?

• A.When the premium is paid
• B.At the time of application
• C.At the time a claim is submitted
• D.When the policy is delivered

Which of the following statements is CORRECT about a Disability Income policy with a Guaranteed Insurability rider?

• A.The insurance company guarantees the premium rate for the life of the policy.
• B.The insured may periodically increase the amount of benefits payable under the policy.
• C.The insured must periodically provide proof of insurability to the insurance company.
• D.The insurance company must exchange the original policy for a new one at the insurability date.

An insurance company MUST take which of the following actions to terminate a producer ' s appointment?

• A.Send notice of the termination to the Insurance Commissioner
• B.Request that the Division of Insurance cancel the producer ' s license
• C.Request a hearing before the Insurance Commissioner
• D.Notify the producer of the termination at least thirty days before the effective date of termination