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Free Life Accident and Health Insurance Basics Practice Questions

Nevada Life, Accident & Health exam — 64 practice questions.

Subtopics: Mortality table, Conditional receipt, Medical Information Bureau, Attending physician statement, Needs approach, Key person insurance, Buy-sell agreement, Accident definition, Backdating, Insurable interest, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. Life insurers use a mortality table primarily to estimate:

The probability of death by age, used in pricing

A mortality table shows the probability of death at each age and is a key factor in pricing life insurance.

2. When an applicant pays the initial premium with a life application and receives a conditional receipt, coverage generally becomes effective:

As of the receipt or exam date, provided the applicant proves insurable

A conditional receipt can make coverage effective as of the application or exam date, if the applicant is found insurable as applied for.

3. An organization that shares coded underwriting information among member life and health insurers to help detect fraud and omissions is the:

Medical Information Bureau

The Medical Information Bureau maintains coded member-reported information used to help underwriters detect omissions or fraud.

4. When an applicant's medical history needs clarification, an insurer commonly requests a report directly from the applicant's doctor called a(n):

Attending physician statement

An attending physician statement is obtained from the applicant's own physician to clarify medical history during underwriting.

All Life, Accident & Health topics

Practice: Life Accident and Health Insurance Basics

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.