AD Banker Life / Health Nebraska State Laws
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What is the maximum number of Medicare Supplement policies or certificates an individual can
own at any one time? - ✔✔1
Replacement means any transaction in which new life insurance or an annuity is to be
purchased and it is known or should be known to the producer that the existing contract(s) will
be pledged as collateral or subjected to borrowing whether in a single loan or under a schedule
of borrowing over a period of time for amounts in the aggregate exceeding % of the loan
value set forth in the policy. - ✔✔25
The Nebraska Protection in Annuity Transactions Act applies to producers or insurers when
recommending a consumer: - ✔✔Buy or exchange an annuity
The free-look period on individual life insurance policies is how many days in the case of a
replacement transaction? - ✔✔20
The free look period for a Medicare Supplement policy is how many days? - ✔✔30
A group that has less than how many employees covered under a group accident health
(sickness) policy is not covered by COBRA? - ✔✔20
Health benefit plans covering small employers preexisting condition refers to the "x"-month
period prior to the enrollment date. - ✔✔6
