Getting a certificate is not an easy thing for some of the candidates. InsNV_Health02 test dumps not only contain the quality, but also contain certain quality for your exam. Through using the InsNV_Health02 test dumps of us, you can pass the exam. In addition, InsNV_Health02 Test Dumps of us have the most of the knowledge points, and you can improve your ability in the process of learning. If you have any other questions about the InsNV_Health02 study materials, just contact us.
| Section | Objectives |
|---|---|
| Health Insurance Policy Provisions | - Claims and Benefits
|
| Insurance Basics | - Insurance Contracts
|
| Producer Duties and Ethics | - Ethical Responsibilities
|
| Accident and Health Insurance Fundamentals | - Types of Health Insurance Policies
|
| General Insurance Regulation | - Nevada Insurance Department and Regulatory Authority
|
| Government Health Insurance Programs | - Medicaid and Other Programs
|
>> Exam Questions InsNV_Health02 Vce <<
InsNV_Health02 test guide is an examination material written by many industry experts based on the examination outlines of the calendar year and industry development trends. Its main purpose is to help students who want to obtain the certification of InsNV_Health02 to successfully pass the exam. Compared with other materials available on the market, the main feature of InsNV_Health02 exam materials doesn’t like other materials simply list knowledge points. It allows students to find time-saving and efficient learning methods while memorizing knowledge points. With InsNV_Health02 study braindumps, learning from day and night will never happen. You can learn more with less time. You will become a master of learning in the eyes of others. With InsNV_Health02 study braindumps, successfully passing the exam will no longer be a dream.
NEW QUESTION # 51
Which of the following persons is NOT required to be licensed by the Nevada Insurance Commissioner?
Answer: D
Explanation:
A salaried insurance company employee performing only clerical and administrative work is not required to hold an insurance producer license. The exemption applies when the employee does not sell, solicit, or negotiate insurance and is not compensated by commission based on insurance transactions.
Licensing is required for persons whose activities bring them into the regulated functions of insurance production, brokering, adjusting, or other licensed insurance activity. A person who procures insurance for an insured is acting in a producer or broker capacity and requires appropriate authority. An individual involved in investigating and settling claims may require an adjuster license depending on the duties performed.
Likewise, an agency clerk who receives commissions related to processed applications is no longer functioning solely as a clerical employee; commission-based activity indicates involvement in the insurance transaction.
The distinction is based on the actual work performed, not merely the person's job title. A company may call someone an assistant, representative, clerk, or customer-service employee, but the individual must be licensed if the person sells, solicits, negotiates, or otherwise performs regulated insurance functions.
Study Guide references/topics: producer licensing; licensing exemptions; clerical employees; sales, solicitation, and negotiation; NRS 683A.117 .
NEW QUESTION # 52
Which of the following statements is CORRECT about the Medicaid program?
Answer: A
Explanation:
Medicaid is a means-tested public medical assistance program for eligible low-income individuals and families. Eligibility may include persons who are blind, disabled, aged, pregnant, children, or otherwise within an eligible category under federal and state rules. Therefore, choice A is correct. There is no universal minimum age of 55 for Medicaid eligibility; eligibility is based principally on financial and categorical requirements. Medicaid is also not simply a program supplemented by Medicare at age 62. Medicare eligibility is generally associated with age 65 or qualifying disability or disease status, while Medicaid may assist certain eligible persons with limited income and resources, including some Medicare beneficiaries.
Medicaid is jointly financed by federal and state governments but is administered by the states within federal standards. In Nevada, the state administers the program through its designated health and human-services structure. Examination questions commonly test the distinction between Medicare as social insurance and Medicaid as needs-based medical assistance. Study Guide References/Topics: Social Insurance Programs; Medicaid; Federal-State Health Programs.
NEW QUESTION # 53
Which of the following information is included in the Consideration clause in an Accident and Health policy?
Answer: C
NEW QUESTION # 54
The commission for the placement of nonadmitted insurance is paid by the insurer to the:
Answer: A
Explanation:
The commission for the placement of nonadmitted insurance is paid to the surplus lines broker. A surplus lines broker is specially licensed to place eligible insurance with a nonadmitted insurer when coverage cannot be procured from authorized insurers under the conditions required by Nevada's Nonadmitted Insurance Law.
A nonadmitted insurer is not licensed or authorized to transact insurance generally in Nevada, but it may provide qualifying surplus-lines coverage through a properly licensed surplus lines broker. The broker performs the regulated placement function, documents the effort to obtain coverage from the admitted market when required, handles applicable filings, and ensures that statutory taxes and disclosures are addressed.
The policyholder purchases the insurance and pays the premium; the policyholder is not paid the placement commission. The Division of Insurance regulates the transaction and may receive taxes, fees, and reports as provided by law, but it is not the recipient of the insurer's commission. A third-party claimant is someone asserting a claim against an insured and has no role in the placement commission.
Study Guide references/topics: nonadmitted insurance; surplus lines; broker licensing; commissions; Nevada Nonadmitted Insurance Law .
NEW QUESTION # 55
When must insurable interest generally exist in a life insurance transaction?
Answer: A
Explanation:
Insurable interest must generally exist when a life insurance policy is issued. It is the lawful financial or personal interest that prevents life insurance from becoming a wagering arrangement. A person has an unlimited insurable interest in that person's own life and may name any lawful beneficiary. Insurable interest also commonly exists among close family members because of love and affection, and in certain business relationships where one person or entity would suffer a financial loss from another person's death.
Once a policy is validly issued with insurable interest, the interest does not generally need to continue until the insured's death. For example, a business may purchase life insurance on a key employee when a valid economic relationship exists. If the relationship later changes, the policy's continued validity is not automatically destroyed solely because the original financial relationship ended. However, ownership transfers, stranger-originated life insurance arrangements, and transactions designed to evade insurable- interest requirements raise significant legal and ethical concerns.
Insurable interest differs from beneficiary status. A beneficiary need not always have an insurable interest if the policyowner is insuring the policyowner's own life. The critical point is that the policy must be procured lawfully at inception.
References/topics from the Study Guide: Insurable Interest; Policy Ownership; Beneficiary Designations; Business Life Insurance; Contract Law.
NEW QUESTION # 56
......
Preparing for the InsNV_Health02 exam can be a daunting task, but with real InsNV_Health02 exam questions, it can be a lot easier. The importance of actual NV Accident and Health (InsNV_Health02) questions cannot be overemphasized. InsNV_Health02 Real Questions are crucial for passing the InsNV_Health02 exam. When candidates have access to the updated Insurance Licensing InsNV_Health02 practice test questions, they are better prepared to succeed.
Reliable InsNV_Health02 Test Guide: https://www.testpdf.com/InsNV_Health02-exam-braindumps.html