1. Exam Prep
  2. Nevada
  3. Life, Accident & Health
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Nevada Life, Accident & Health exam — 28 practice questions.

Subtopics: Coercion, Boycott, Unfair discrimination, Commission sharing, Controlled business, Unlicensed activity, Annuity suitability, Buyer's guide, Reserves, Examination of insurers, Reporting actions, Appointment termination, Privacy notice, Fiduciary remittance, Hearings, Penalties, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, Rebating, CAN-SPAM Act, Advertising

Read the Insurance Regulation study guide

Sample questions & answers

1. A Nevada producer who pressures a borrower to buy insurance from a particular agency as a condition of approving a loan commits the unfair practice of:

Coercion

Coercion is using physical or economic pressure, such as tying a loan to a particular insurance purchase, to force an insurance transaction.

2. An agreement among insurers to refuse to deal with a particular producer or competitor is the prohibited practice of:

Boycott

Boycott, coercion, and intimidation that restrain or monopolize the business of insurance are prohibited unfair trade practices.

3. Charging two individuals of the same class and risk different life insurance rates without justification is:

Unfair discrimination

Unfair discrimination is treating insureds of the same class and risk differently in rates or terms without a sound actuarial basis.

4. A Nevada producer may share or pay a commission for selling insurance only with a person who is:

Properly licensed for that line of authority

Commissions for selling insurance may be paid or shared only with persons properly licensed for that line of authority.

All Life, Accident & Health topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.