October 18, 2022

Nevada Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding Nevada Insurance License Exam document

    Passing your Nevada insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Nevada.

    In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Nevada insurance licensing exam, and on what to do after you pass.

     

    Nevada Insurance Exam Basics

    General Information

    The state of Nevada uses Pearson VUE to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the Pearson VUE website. Your test can be carried out online or in person.

    Each major insurance line examination is made up of multiple-choice questions and includes both general and state-specific material.

    The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Nevada insurance regulations and laws that you will need to know in order to operate as an insurance agent.

    Note: You are only allowed two online attempts per examAll other exam attempts (limitless) will have to be taken in person at a Pearson VUE testing center.

    Score Explanation

    A process known as scaling accounts for differences in exam variations.

    Each exam has multiple versions (known as forms). Since there are different questions in each form, the difficulty of each exam can vary.

    Each candidate’s raw score is combined with their form’s difficulty in order to provide a scaled score. It’s the scaled score that then determines whether a candidate passes or fails an exam.

    Example:

    Imagine that you have two forms of a Life and Health exam.

    On Form X, the Nevada Department of Insurance determines that correctly answering 30 questions demonstrates that you have the minimum knowledge necessary to pass your exam and become a licensed agent.

    On Form Y, however, the same level of understanding is demonstrated by answering 25 questions correctly. In this scenario, you would need 30 correct answers to pass on Form X, whereas you would need 25 correct answers to pass on Form Y.

    When candidates complete the exam they will receive a “pass” or “fail” score.

    Candidates that fail the exam will also receive a score report with a numerical score, as well as diagnostic information that can help them identify their strengths and weaknesses.

    Note: A scaled score of 80 or above is needed in order to pass an insurance license exam in Nevada.

     

    Cost

    Your Nevada insurance license exam cost will depend on the type and number of examinations that you take:

    Examination

    Cost 

    Time Allowed

    Life and Health Combined

    $49

    215 Minutes

    Property and Casualty Combined

    $49

    215 Minutes

    Life

    $39

    120 Minutes

    Accident and Health

    $39

    135 Minutes

    Property

    $39

    120 Minutes

    Casualty

    $39

    135 Minutes

    Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

    Recommended Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This is not a requirement in the state of Nevada, but it can go a long way in helping you get accustomed to the information that you will be expected to know.
    4.7 out of 5 starsKaplan Education Company

     

    Nevada Life and Health Insurance Exam

    Below you can find the content outline offered by Pearson VUE.

    We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later.

    Life General Knowledge Content Outline

    50 scorable questions, plus 5 pretest questions.

    I. Types of Policies

    A. Traditional whole life products
    B. Interest/market-sensitive/adjustable life products
    C. Term life
    D. Annuities
    E. Combination plans and variations

     

    II. Policy Riders, Provisions, Options, and Exclusions

    A. Policy riders
    B. Policy provisions and options
    C. Policy exclusions

     

    III. Completing the Application, Underwriting, and Delivering the Policies

    A. Completing the application
    B. Underwriting
    C. Delivering the policy
    D. Contract law

     

    IV. Retirement, and Other Insurance Concepts

    A. Third-party ownership
    B. Life settlements
    C. Group life insurance
    D. Retirement plans
    E. Life insurance needs analysis/suitability
    F. Social Security benefits
    G. Tax treatment of insurance premiums, proceeds, and dividends

     

    Life Nevada Specific Content Outline

    30 scorable questions, plus 5 pretest questions.

    I. Nevada Statutes and Regulations Common to Life, Health, Property, and Casualty Insurance

    A. Insurance Commissioner
    B. Definitions
    C. Licensing
    D. Marketing practices
    E. Nevada Life & Health Insurance Guaranty Association

     

    II. Nevada Statutes and Codes Common to Life and Health Insurance Only

    A. Credit life and health insurance
    B. Group life and health insurance
    C. Advertising

     

    III. Nevada Statutes and Codes Pertinent to Life Insurance Only

    A. Marketing methods and practices
    B. Ten-day free look
    C. Viaticals

     

    Accident & Health General Knowledge Content Outline

    50 scorable questions, plus 5 pretest questions.

    I. Types of Polices

    A. Disability income
    B. Accidental death and dismemberment
    C. Medical expense insurance
    D. Medicare supplement policies
    E. Group insurance
    F. Individual/Group Long Term Care (LTC)
    G. Other policies

     

    II. Policy Provisions, Clauses, and Riders

    A. Mandatory and optional provisions
    B. Other provisions and clauses
    C. Riders
    D. Rights of renewability

     

    III. Social Insurance

    A. Medicare (Parts A, B, C, D)
    B. Medicaid
    C. Social Security benefits

     

    IV. Other Insurance Concepts

    A. Total, partial, recurrent, and residual disability
    B. Owner’s rights
    C. Dependent children benefits
    D. Primary and contingent beneficiaries
    E. Modes of premium payments
    F. Nonduplication and coordination of benefits
    G. Occupational vs. non-occupational
    H. Tax treatment of premiums and proceeds of insurance contracts
    I. Managed care
    J. Workers Compensation
    K. Subrogation
    L. Cost Containment

     

    V. Field Underwriting Procedures

    A. Completing the application
    B. Explaining sources of insurability and HIPAA privacy info
    C. Initial premium payment and receipt
    D. Submitting application to company for underwriting
    E. Policy delivery
    F. Explaining policy to clients
    G. Replacement
    H. Contract law

     

    Nevada Specific Accident & Health Content Outline

    38 scorable questions, plus 5 pretest questions. 

    I. Nevada Statutes and Codes Common to Life, Health, Property, and Casualty Insurance

    A. Insurance Commissioner
    B. Definitions
    C. Licensing
    D. Marketing practices
    E. Nevada Life & Health Insurance Guaranty Association

     

    II. Nevada Statutes and Codes Common to Life and Health Insurance Only

    A. Credit life and health insurance
    B. Group life and health insurance
    C. Advertising

     

    III. Nevada Statutes and Codes Pertinent to Health Insurance Only

    A. Mandatory policy clauses and provisions
    B. Availability of coverage for mental health and treatment of alcohol abuse/drug abuse
    C. Coverage for reconstructive surgery
    D. Hospice care
    E. Medicare
    F. Long Term Care

    We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

     

    Nevada Property and Casualty License Exam

    Below you can find the content outline offered by Pearson VUE.

    You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later.

    Property General Knowledge Content Outline

    50 scorable answers plus 5 pretest questions.

    I. Types of Policies

    A. Homeowners
    B. Dwelling policies
    C. Commercial lines
    D. Inland marine
    E. National Flood Insurance Program
    F. Others

     

    II. Insurance Terms and Related Concepts

    A. Insurance
    B. Insurable interest
    C. Risk
    D. Hazard
    E. Peril
    F. Loss
    G. Loss Valuation
    H. Proximate cause
    I. Deductible
    J. Indemnity
    K. Limits of liability
    L. Coinsurance/Insurance to value
    M. Occurrence
    N. Cancellation
    O. Nonrenewal
    P. Vacancy and Inoccupancy
    Q. Liability
    R. Negligence
    S. Binder
    T. Endorsements
    U. Blanket vs. Specific

     

    III. Policy Provisions and Contract Law

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions
    E. Definition of the insured
    F. Duties of the insured
    G. Obligations of the insurance company
    H. Mortgagee rights
    I. Proof of loss
    J. Notice of claim
    K. Appraisal
    L. Other Insurance Provision
    M. Subrogation
    N. Elements of a contract
    O. Warranties, representations, and concealment
    P. Sources of underwriting information
    Q. Fair Credit Reporting Act
    R. Privacy Protection (Gramm Leach Bliley)
    S. Policy Application
    T. Terrorism Risk Insurance Act (TRIA)
    U. Territory

     

    Nevada Specific Property Content Outline

    32 scorable answers plus 5 pretest questions.

    I. Nevada Statutes and Codes Common to Life, Health, Property, and Casualty Insurance

    A. Insurance Commissioner
    B. Definitions
    C. Licensing
    D. Marketing practices
    E. Nevada Insurance Guaranty Association (NIGA)

     

    II. Nevada Statutes and Codes Common to Property & Casualty Insurance

    A. Cancellation and nonrenewal of policies
    B. General rate standard and regulation
    C. Countersigning of policies
    D. Surplus lines
    E. Payment of motor vehicle physical damage claims
    F. Binders
    G. Motor vehicle physical damage appraiser

     

    III. Nevada Statutes and Codes Pertinent to Property Insurance Only

    A. Inland Marine and Transportation
    B. Property insurance defined
    C. Property insurance contracts

     

    Casualty General Knowledge Content Outline

    50 scorable questions, plus 5 pretest questions.

    I. Types of Policies, Bonds, and Related Terms

    A. Commercial general liability
    B. Automobile: personal auto and business auto
    C. Workers Compensation Insurance, Employers Liability Insurance and Related Issues
    D. Crime
    E. Bonds
    F. Professional liability
    G. Umbrella/Excess Liability
    H. Businessowners Policy (BOP)

     

    II. Insurance Terms and Related Concepts

    A. Risk
    B. Hazards
    C. Indemnity
    D. Insurable interest
    E. Loss valuation
    F. Negligence
    G. Liability
    H. Occurrence
    I. Binders
    J. Warranties
    K. Representations
    L. Concealment
    M. Deposit Premium/Audit
    N. Certificate of Insurance
    O. Law of Large Numbers
    P. Pure vs. Speculative Risk
    Q. Endorsements
    R. Damages
    S. Compliance with provisions of Fair Credit Reporting Act

     

    III. Policy Provisions

    A. Declarations
    B. Insuring agreement
    C. Conditions
    D. Exclusions and Limitations
    E. Definition of the insured
    F. Duties of the insured after a loss
    G. Cancellation and nonrenewal provisions
    H. Supplementary payments
    I. Proof of loss
    J. Notice of claim
    K. Arbitration
    L. Subrogation
    M. Loss settlement provisions including consent to settle a loss
    N. Terrorism Risk Insurance Act (TRIA)

     

    Nevada Specific Casualty Content Outline

    39 scorable questions, plus 10 pretest questions. 

    I. Nevada Statutes and Codes Common to Life, Health, Property, and Casualty Insurance

    A. Insurance Commissioner
    B. Definitions
    C. Licensing
    D. Marketing practices
    E. Nevada Insurance Guaranty Association (NIGA)

     

    II. Nevada Statutes and Codes Common to Property and Casualty Insurance

    A. Cancellation and nonrenewal of policies
    B. General rate standard and regulation
    C. Countersigning of policies
    D. Surplus lines
    E. Payment of motor vehicle physical damage claims
    F. Binders
    G. Motor vehicle physical damage appraiser

     

    III. Nevada Statutes and Codes Pertinent to Casualty Insurance Only

    A. Automobile insurance
    B. Casualty contracts
    C. Workers compensation

    We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

     

    How to Pass the Nevada Insurance Exam

    Passing your Nevada insurance exam ultimately comes down to your mindset and degree of preparation.

    We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

    Get a Pre-License Course

    Even though this is not a requirement in the state of Nevada, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

    We recommend Kaplan’s course because it offers a variety of helpful features, including:

    • Online exam simulations
    • Live online training
    • Printable study guides
    • End of chapter reviews

    For more information, we recommend reading our Kaplan Insurance Course Review.

     

    Make Enough Time to Study

    Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

    Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

    We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

     

    Control Test Anxiety

    Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

    • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
    • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
    • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
    • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

    For a more in-depth overview of how you can prepare for your Nevada insurance exam, we recommend reading our How to Pass the Insurance Exam article.

     

    Getting Your Nevada Insurance License

    Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

    You can apply for your license up to 12 months after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application, you are totally free to do that.

    After you have passed your insurance licensing exam, you will need to:

    • File your licensing application
    • Complete a fingerprint and background check within 90 day of filing
    • Wait for your application to be reviewed

    Have a look at our How to Become an Insurance Agent in Nevada review for more information on all the steps that you will need to take after passing your insurance exam.




    Nevada Insurance Exams FAQ

    How often do I have to renew my Nevada insurance license?

    Nevada requires insurance agents and brokers to renew their licenses every three years. Renewal is due on the first of the month following your birth month.

    Example: John Doe was born April 12, and first became a licensed agent in 2020. His renewal would be due May 1, 2023.

    For more information, see our guide on How to Renew Your Insurance License in Nevada.

     

    How long is the Nevada insurance exam?

    Most of the Nevada insurance exams last between 120 minutes and 215 minutes.

    The combined Property & Casualty and Life & Health exams both last 215 minutes. The Accident & Health, Casualty, and Personal Lines exams last 135 minutes.

    The Life and Property exams are shorter, and last 120 minutes each.

     

    How many times can you take the Nevada insurance exam?

    You can retake the Nevada insurance exam as many times as needed. Keep in mind that there is a 24-hour waiting period between taking the exam and when you can register for a retake.

     

    How many questions are on the Nevada insurance exam?

    This will depend on the insurance exam in question.

    The combined Life and Health exam consists of 144 questions. The combined Property and Casualty combination exam has 141 questions.

    Shorter exams include the Personal Lines exam (100 questions) and the Exchange Enrollment Facilitator exam (50 questions).

    Nevada Department of Insurance Contact Information

    Mailing Address:

    Nevada Division of Insurance
    1818 East College Parkway Suite 103
    Carson City, Nevada 89706

    Phone: (775) 687-0700

    Fax: (775) 687-0797

    Email: tlyons@doi.nv.gov

    Website: http://doi.nv.gov/

    License Search: Nevada Insurance License Search and Lookup




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