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Life and Health Insurance Producer Exam

Conduct (NV): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Nevada

For life, annuity or health insurance, what aggregate value of gifts, meals or event tickets may be given per policyholder or prospective policyholder in a calendar year without being an illegal rebate?

  1. Up to $750 per policy
  2. Up to $100
  3. Up to $20 per person
  4. Up to $300
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B. Up to $100 — NRS 686A.110(2).

Question 2 · Nevada

Under the Nevada regulation on senior designations, which use of a certification is an unfair or deceptive practice?

  1. Using a designation earned from an ANSI-accredited organization
  2. Using a designation the producer conferred on themselves
  3. Listing a job title that shows seniority within a licensed firm
  4. Using an earned CLU designation
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B. Using a designation the producer conferred on themselves — NAC 686A.503(1)(d), (2), (4).

Question 3 · Nevada

An agent gives a prohibited rebate on a life policy. Besides being a misdemeanor, what is the effect on the agent's commission?

  1. The agent keeps it, but must pay an equal amount to the State General Fund
  2. The commission is reduced by half and the rest is paid to the insured
  3. There is no effect on the commission if the rebate was under $1,000
  4. The agent is not entitled to it, and the insurer may recover any commission paid
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D. The agent is not entitled to it, and the insurer may recover any commission paid — NRS 686A.140(1)-(2).

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