Nevada life and health practice exam
Free life and health practice for the Nevada producer exam: 273 general questions plus 20 Nevada state law questions, each with an explanation.
Nevada state law questions
Every Nevada question with its answer, explanation, and the law it comes from.
Licensing and CE
7 questions
1. A Nevada producer license is valid for a period of:
- One year
- Three years
- Two years
- Four years
Show answer
Nevada licenses run three years; the first renewal falls on the last day of the month three years after original issue.
2. How many hours of continuing education must a Nevada producer complete before renewal?
- 30 hours every three years, including 3 hours of ethics
- 24 hours every two years, including 3 hours of ethics
- 36 hours every three years, including 3 hours of ethics
- 24 hours every three years, with no ethics requirement
Show answer
Nevada requires 30 hours of approved CE within the 3-year period before renewal, and 3 of those hours must be ethics.
3. What happens to CE hours a Nevada licensee earns beyond the renewal requirement?
- Up to 10 hours carry forward
- All excess hours carry forward
- Only ethics hours carry forward
- They may not be carried forward to the next renewal period
Show answer
Nevada does not allow excess CE hours to be carried forward to the next renewal period.
4. A Nevada producer who misses the renewal date may still request renewal within 30 days afterward by paying a penalty of:
- 10 percent of the renewal fees
- 25 percent of the renewal fees
- 50 percent of the renewal fees
- Twice the renewal fees
Show answer
Nevada allows a late renewal request within 30 days of the renewal date with a penalty of 50 percent of the renewal fees.
5. A Nevada producer may reinstate a lapsed license without retaking the exam if done within:
- 30 days after the renewal date
- 12 months after the renewal date
- 6 months after the renewal date
- 24 months after the renewal date
Show answer
Within 12 months of the renewal date, a Nevada license may be reinstated without an exam if CE is complete and a penalty of twice the renewal fees is paid.
6. Nevada's anti-rebating law allows gifts and similar items to a policyholder or prospect only if their total value does not exceed:
- $25 per year
- $50 per year
- $100 per calendar year
- $250 per calendar year
Show answer
Nevada permits gifts, meals and similar items up to $100 in aggregate value per policyholder or prospect in any calendar year.
7. For a knowing unfair trade practice violation, the Nevada administrative fine for a licensed agent may not exceed:
- $5,000 for each act or violation
- $1,000 for each act or violation
- $500 for each act or violation
- $10,000 for each act or violation
Show answer
Nevada allows fines up to $5,000 per act, but for licensed agents, brokers and adjusters the fine may not exceed $500 per act.
Life Policy Provisions
5 questions
1. Nevada requires an individual life insurance policy (other than certain industrial policies) to provide a grace period of:
- 30 days, or one month of not less than 30 days
- 10 days
- 45 days
- 60 days
Show answer
Nevada requires a grace period of 30 days or, at the insurer's option, one month of not less than 30 days.
2. During the grace period on a Nevada life policy, the insurer may charge interest on the overdue premium at a rate not exceeding:
- 2 percent per year
- 10 percent per year
- 8 percent per year
- 6 percent per year
Show answer
Nevada allows an interest charge of no more than 6 percent per year on a premium paid during the grace period.
3. In Nevada, a life policy must become incontestable, except for nonpayment of premium, after it has been in force during the insured's lifetime for no more than:
- One year from issue
- Three years from issue
- Two years from issue
- Five years from issue
Show answer
Nevada requires a life policy to be incontestable after no more than two years from its date of issue during the insured's lifetime.
4. A Nevada life policy must allow reinstatement after premium default for at least:
- 31 days
- Three years
- One year
- Five years
Show answer
Nevada requires reinstatement to be available within 3 years after premium default, subject to evidence of insurability and payment of overdue premiums.
5. A Nevada life insurance policy or annuity that is not a replacement may be surrendered for a premium refund within what period after delivery?
- 10 days
- 20 days
- 30 days
- 45 days
Show answer
Nevada gives the owner 10 days from delivery to return a life policy or annuity with a written request and receive a refund of premium.
Replacement
2 questions
1. When a Nevada life policy or annuity replaces existing coverage, the owner may return it for a refund within:
- 10 days after delivery
- 15 days after delivery
- 20 days after delivery
- 30 days after delivery
Show answer
Nevada extends the return period to 30 days after delivery when the policy or contract is a replacement.
2. In Nevada, making a misleading comparison of policies to induce someone to lapse or surrender a policy is called:
- Rebating
- Twisting
- Sliding
- Defamation
Show answer
Nevada prohibits twisting, which is misrepresentation or misleading comparison used to induce someone to lapse, surrender or exchange a policy.
Accident and Health
4 questions
1. Nevada allows the buyer of an individual health policy to return it for a full premium refund within:
- 30 days of delivery
- 15 days of delivery
- 10 days of delivery
- 60 days of delivery
Show answer
Nevada requires a 10-day right to examine and return individual health policies, with exceptions such as nonrenewable accident policies.
2. Under Nevada's time limit on certain defenses provision for individual health policies, non-fraudulent misstatements in the application cannot be used to void the policy after:
- One year from issue
- Three years from issue
- Two years from issue
- Five years from issue
Show answer
Nevada uses a three-year period, longer than the two years used in many states.
3. Under Nevada's proof of loss provision, written proof of a loss (other than a periodic payment claim) is generally due within:
- 90 days after the loss
- 30 days after the loss
- 60 days after the loss
- 20 days after the loss
Show answer
Nevada requires proof of loss within 90 days after the date of the loss.
4. In Nevada, an applicant may return a long-term care policy for a premium refund within:
- 10 days after delivery
- 20 days after delivery
- 60 days after delivery
- 30 days after delivery
Show answer
Nevada gives long-term care applicants 30 days after delivery to return the policy and have the premium refunded.
Guaranty Association
2 questions
1. The Nevada Life and Health Insurance Guaranty Association limit for life insurance death benefits on one life is:
- $300,000
- $250,000
- $100,000
- $500,000
Show answer
Nevada covers up to $300,000 in life insurance death benefits, but no more than $100,000 in net cash surrender and withdrawal value.
2. The Nevada Life and Health Insurance Guaranty Association covers annuity benefits up to what present value?
- $100,000
- $500,000
- $300,000
- $250,000
Show answer
Nevada covers up to $250,000 in present value of annuity benefits, including cash surrender and withdrawal values.
Keep studying
The general topics make up most of the exam.
Nevada exam questions
How much of the Nevada life and health exam is state law?
State law is usually around 20 to 30 percent of a state's producer exam. Check the Nevada candidate handbook from your testing provider for the exact content outline.
What does the Nevada state law section cover?
Common areas include licensing and continuing education, required policy provisions, replacement rules, and the guaranty association. This page covers: licensing and ce, life policy provisions, replacement, accident and health, guaranty association.
Where do these state questions come from?
Each state question is written from the state's statutes, regulations, or insurance department guidance, and the source is linked under the answer so you can read it yourself.
Do I still need the general questions?
Yes. Most of the exam is general life and health knowledge. The full exam option here mixes 273 general questions with the Nevada state law questions.