NLHI Nevada Life and Health Insurance Exam - Set 1 - Part 3
Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.
Question 41: Nevada's rebating statute for life and health insurance reaches more than the person who hands over an unlawful inducement. Considering the full range of persons who can violate it, which conduct does the rebating prohibition reach under the statute?
Question 42: A Nevada producer, to induce a client to buy a life policy, offers the client a paid job as an inducement not specified in the contract. The client wonders whether a job offer can really count as an unlawful rebate. Under Nevada's rebating statute, how is such a paid-employment inducement treated?
Question 43: Nevada's insurance code lists certain practices that are not unlawful discrimination or rebates. One permitted practice concerns offering more favorable terms tied to the size of a policy, within cost limits. Which of the following is a permitted practice under the statute?
Question 44: Under Nevada's rebating penalty statute, an insured knowingly accepts an unlawful rebate on a policy. Beyond any penalties imposed on the producer, the statute affects the insured's own coverage. What happens to the amount of insurance under the policy in that case?
Question 45: Nevada's unfair discrimination statute for life and health includes a rule protecting certain service providers from discrimination in a fee payable as a benefit under a health policy. Between which persons does this provider rule forbid unfair discrimination in that fee?
Question 46: Nevada regulation identifies acts that constitute unfair discrimination when done solely because of a person's blindness or partial blindness. Considering those prohibited acts, which of the following, done solely because of blindness, is unfair discrimination under the rule?
Question 47: The Nevada Life and Health Insurance Guaranty Association caps its obligation for annuity benefits. For the present value of annuity benefits, the Association limits its obligation to a stated amount per individual life. What is that annuity benefit cap per life?
Question 48: Among the caps the Nevada Life and Health Insurance Guaranty Association applies to its obligations, one category carries the highest single-category limit of them all. For a health benefit plan, the Association limits its obligation per individual to which of the following amounts?
Question 49: The Nevada Life and Health Insurance Guaranty Association extends coverage to certain payees beyond the policyowner. Notably, it can reach a party that renders services covered under a health policy or certificate. Which additional payee does the chapter expressly protect?
Question 50: The Nevada Life and Health Insurance Guaranty Association covers policies described with a particular word that signals the kind of business protected. That word marks what is covered and, in doing so, excludes another kind of insurance business from protection. Which business does that word exclude?
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