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  2. Nevada
  3. Personal Lines
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Nevada Personal Lines exam — 24 practice questions.

Subtopics: Line of authority, Minimum auto limits, Comparative negligence, Financial responsibility, UM coverage offer, Cancellation notice, Nonrenewal notice, Compulsory insurance, Uninsured penalties, Insurance verification, Guaranty association, Residual market, Unfair claims practices, Binder, Rate standard, Fraud, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act

Read the Insurance Regulation study guide

Sample questions & answers

1. To sell personal auto and homeowners insurance in Nevada, a producer must hold a license with which line of authority?

Property and casualty

Selling personal auto and homeowners coverage requires the property and casualty line of authority.

2. Nevada's compulsory automobile liability insurance is commonly stated with minimum limits of (verify current figures):

25/50/20

Nevada's minimum auto liability limits are commonly cited as 25/50/20, but the current statutory figures should be verified.

3. Nevada allocates fault in accident claims under a modified comparative negligence rule that bars a claimant's recovery once that claimant's fault reaches:

51 percent or more

Nevada follows modified comparative negligence with a 51 percent bar, so a claimant who is 51 percent or more at fault generally recovers nothing.

4. A Nevada driver required to demonstrate that they carry the mandated liability insurance may be asked to file a:

Proof of financial responsibility such as an SR-22

An SR-22 is a proof of financial responsibility filing certifying that a driver maintains the required liability insurance.

All Personal Lines 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.