Nebraska life and health practice exam

1. How many continuing education hours must a Nebraska producer with a life or health line complete each two-year renewal period?

1. 12 hours, including 1 hour of ethics
2. 24 hours, including 3 hours of ethics
3. 30 hours, including 3 hours of ethics
4. 20 hours, with no ethics requirement

2. A Nebraska producer completes 30 CE hours in one renewal period. What happens to the 6 extra hours?

1. They carry over to the next period automatically
2. Up to 3 hours carry over
3. They may be applied to the next period's ethics requirement
4. They may not be carried over to the next renewal period

3. Within how many days must a Nebraska licensee report a change of legal name or address to the Director of Insurance?

1. 30 days
2. 10 days
3. 60 days
4. 90 days

4. An individual's Nebraska producer license lapses. Within what period may the individual reinstate it without retaking the written examination?

1. 30 days
2. 90 days
3. 12 months
4. 24 months

1. When a Nebraska insurer appoints a producer, it must file a notice of appointment within how many days after the agency contract is executed or the first application is submitted?

1. 5 days
2. 15 days
3. 30 days
4. 45 days

2. When a Nebraska insurer terminates a producer's appointment, it must notify the Director of Insurance within how many days following the effective date of the termination?

1. 10 days
2. 15 days
3. 60 days
4. 30 days

1. A Nebraska life insurance policy must allow a grace period for payment of premiums after the first of:

1. One month
2. Ten days
3. Two months
4. Seven days

2. Under Nebraska law, a life insurance policy becomes incontestable (except for nonpayment of premium) after it has been in force during the insured's lifetime for:

1. One year
2. Three years
3. Two years
4. Five years

3. Under Nebraska's life policy provisions, a policy that lapsed for nonpayment may be reinstated, upon evidence of insurability, within how long after default?

1. One year
2. Three years
3. Five years
4. Six months

4. In Nebraska, a new individual life insurance policy that is not a replacement must give the owner a free look period of:

1. 20 days
2. 30 days
3. 31 days
4. 10 days

1. Under Nebraska's replacement regulation, within what time must the replacing insurer notify the existing insurer after receiving a completed application indicating replacement?

1. 5 business days
2. 10 business days
3. 15 calendar days
4. 30 calendar days

2. Under Nebraska's replacement regulation, a policy or contract issued as a replacement must give the applicant the right to return it for an unconditional full refund within how many days of delivery?

1. 10 days
2. 20 days
3. 30 days
4. 60 days

1. Under Nebraska's required accident and health policy provisions, what grace period applies to a policy with premiums payable monthly?

1. 7 days
2. 10 days
3. 31 days
4. 30 days

2. Under Nebraska's required accident and health policy provisions, legal action to recover on the policy may not be brought earlier than ____ after written proof of loss, nor later than ____ after proof of loss is required.

1. 30 days; 2 years
2. 60 days; 5 years
3. 90 days; 3 years
4. 60 days; 3 years

3. Under Nebraska's required accident and health policy provisions, written notice of claim generally must be given to the insurer within how many days after the occurrence or start of the loss?

1. 20 days
2. 15 days
3. 30 days
4. 90 days

4. A Nebraska health policy covers newborn children from the moment of birth. If the policy requires notice of the birth and payment to continue coverage, the insured must give it within how many days after the date of birth?

1. 31 days
2. 10 days
3. 60 days
4. 90 days

1. According to the Nebraska Department of Insurance, the Nebraska Life and Health Insurance Guaranty Association covers up to how much in life insurance death benefits?

1. $100,000
2. $300,000
3. $250,000
4. $1,000,000

1. A Nebraska Medicare supplement applicant may return the policy or certificate for a full premium refund within how many days of its delivery?

1. 10 days
2. 20 days
3. 30 days
4. 60 days

1. A Nebraska producer offers to pay part of a client's first-year premium if the client buys a life policy. Under Nebraska's unfair trade practices law, this is:

1. Permitted if disclosed in writing
2. Permitted if under $100
3. Permitted if the insurer approves
4. A prohibited rebate

1. Before selling annuities, a Nebraska producer with a life line of authority must complete:

1. A one-time 8-credit long-term care course
2. A 4-credit annuity course every year
3. A one-time four-credit annuity training course
4. No additional training