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Nebraska Life Insurance — Requirements & Free Practice

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nonresident insurance producer license

Nonresident business entity producer authority for life insurance under reciprocal home-state licensure.

Licensing authority: Nebraska Department of Insurance · Application information

Initial business entity licensure
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Home license
Hold the resident business-entity license in good standing in the home state and satisfy reciprocity under § 44-4055.

Official no-examination sources

Effective from 2026-09-22.

Business entity late renewal within 30 days
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Home license
Hold the resident business-entity license in good standing in the home state and satisfy reciprocity under § 44-4055.
Timing
Renew within 30 days after expiration and pay the additional late-renewal fee; renewal is deemed timely.

Official no-examination sources

Effective from 2026-09-22.

Business entity reinstatement
No examination is required for this applicant pathway.
Application
Apply through NIPR or contact the Department if online application fails; pay the required fee.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Home license
Hold the resident business-entity license in good standing in the home state and satisfy reciprocity under § 44-4055.

Official no-examination sources

Effective from 2026-09-22.

Business entity renewal
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Home license
Hold the resident business-entity license in good standing in the home state and satisfy reciprocity under § 44-4055.
Timing
Renew in the 90 days before April 30 of each even-numbered year. The July 2023 Department FAQ instead says annually; § 44-4054(3), amended in 2023, controls.

Official no-examination sources

Effective from 2026-09-22.

insurance producer license

Business entity producer authority for life insurance, with a designated responsible licensed producer.

Licensing authority: Nebraska Department of Insurance · Application information

Initial business entity licensure
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.

Official no-examination sources

Effective from 2026-09-22.

Business entity late renewal within 30 days
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Timing
Renew within 30 days after expiration and pay the additional late-renewal fee; renewal is deemed timely.

Official no-examination sources

Effective from 2026-09-22.

Business entity reinstatement
No examination is required for this applicant pathway.
Application
Apply through NIPR or contact the Department if online application fails; pay the required fee.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.

Official no-examination sources

Effective from 2026-09-22.

Business entity renewal
No examination is required for this applicant pathway.
Application
Submit the uniform business entity application and pay applicable fees.
Business entity
Act as an insurance producer business entity in the Life line.
Designated producer
Designate a licensed producer responsible for compliance with Nebraska insurance laws, rules and regulations; the entity itself takes no examination.
Timing
Renew in the 90 days before April 30 of each even-numbered year. The July 2023 Department FAQ instead says annually; § 44-4054(3), amended in 2023, controls.

Official no-examination sources

Effective from 2026-09-22.

Temporary Apprentice Insurance Producer License

Temporary apprentice insurance producer license requiring a sponsor licensed for at least one year. No written examination is required to obtain the temporary license, and applicants must intend to seek full resident producer licensure.

Licensing authority: Nebraska Department of Insurance · Application information

Sponsored resident apprentice temporary licensure
No examination is required for this applicant pathway.
Application
Submit a properly executed uniform application, the nonrefundable filing fee and sponsoring producer acknowledgement.
Appointment
An insurer appointment under § 44-4061 is required before acting as its agent.
Capacity
A sponsor may supervise no more than ten apprentices in a calendar year and five simultaneously.
Duration
120 days after issuance; may be obtained only once and is not renewable.
Exam exemption
No written examination to obtain this temporary license; intention to obtain full licensure is an applicant condition.
Future examination
A sponsor supervising more than five apprentices per year must ensure at least 25 percent take the required full-licensure examination, or document the rate and good-faith efforts; this sponsor obligation is not an examination required to issue the apprentice license.
Lost sponsorship
Obtain a new sponsor and notify NDOI within ten days after loss of sponsorship; no selling, soliciting or negotiating in the interim.
Residence
Resident individual, at least 18, intending to seek full resident producer licensure in the Life line.
Restrictions
No prohibited commissions on self, related, employer or employee sales; no covered life or annuity replacement transactions or compensation from them.
Sponsor
Nebraska sponsor licensed in good standing for at least the immediately preceding year; sponsor assumes responsibility and training supervision and must hold the same lines sought by the apprentice.

Official no-examination sources

Effective from 2026-09-22.

Nonresident Insurance Producer License — Life

Individual nonresident producer authority for the Life line based on reciprocal home-state licensure.

Licensing authority: Nebraska Department of Insurance · Application information

Add Life to an existing reciprocal nonresident license
No examination is required for this applicant pathway.
Application
Add the line through NIPR or the Department Change Request Form.
Home license
Hold the requested Life line in good standing as a resident in the home state.
Reciprocity
The home state awards nonresident licensure to Nebraska residents on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal nonresident licensure
No examination is required for this applicant pathway.
Application
Submit the home-state application or uniform application, request Nebraska licensure and pay the applicable fee.
Exam exemption
§ 44-4063(1) waives requirements other than § 44-4055 for reciprocal, valid home-state license holders.
Home license
Currently hold a resident Life producer license in good standing in the home state.
Reciprocity
The home state awards nonresident producer licenses to Nebraska residents on the same basis.

Official no-examination sources

Effective from 2026-09-22.

Late renewal within 30 days of expiration
No examination is required for this applicant pathway.
Current license
Hold the Life producer license being renewed.
Fees
Pay the renewal fee.
Home license
Maintain resident Life licensure in good standing and reciprocal status; reciprocal home-state continuing education satisfies Nebraska requirements under § 44-4063(2).
Late fee
Pay the additional late renewal fee.
Timing
Renew within 30 days after expiration; deemed renewed before expiration.

Official no-examination sources

Effective from 2026-09-22.

Reciprocal nonresident reinstatement
No examination is required for this applicant pathway.
Application
Apply online through NIPR or contact the Department if electronic application fails.
Home license
Maintain a valid resident Life license in good standing and reciprocal eligibility; pay required reinstatement and licensing fees.

Official no-examination sources

Effective from 2026-09-22.

Renewal
No examination is required for this applicant pathway.
Current license
Hold the Life producer license being renewed.
Fees
Pay the renewal fee.
Home license
Maintain resident Life licensure in good standing and reciprocal status; reciprocal home-state continuing education satisfies Nebraska requirements under § 44-4063(2).
Timing
Renew within 90 days before expiration; individual licenses expire at the end of the birth month in the first year after issuance in which age is divisible by two.

Official no-examination sources

Effective from 2026-09-22.

Resident Insurance Producer License — Life

Individual resident producer authority for life insurance, endowments and annuities under § 44-4054(1)(a).

Licensing authority: Nebraska Department of Insurance · Application information

Add the Life line to an existing resident producer license
Annuity training
To solicit annuity products, complete the one-time four-credit annuity course including Nebraska Protection in Annuity Transactions Act training (Department Education for Licensees).
Application
Submit the uniform individual application with true, correct and complete statements and pay the applicable fees.
Appointment
An appointment by the insurer is required before acting as its agent; this does not replace the producer license.
Character
No act constituting grounds for denial, suspension or revocation under § 44-4059; the bulletin also requires competence, trustworthiness, financial responsibility and a good personal and business reputation.
Existing license
Hold a Nebraska resident producer license; add Life after passing the appropriate exam using NIPR or the Change Request Form.
Minimum age
At least 18 years old (§ 44-4053(1)(a)).
Residence
Maintain principal residence in Nebraska.
Score window
The Candidate Information Bulletin requires all application materials and fees within one year of passing.
Work authorization
If not a U.S. citizen, provide proof of eligibility to work in the U.S. at the initial application (Department FAQ question 24).
Renewal or reinstatement with military or other hardship relief
Application
Seek the Director’s case-by-case waiver; underlying renewal or reinstatement obligations apply to the extent not waived.
Discretion
The Director may waive renewal procedures, any examination requirement and any fine, fee or sanction. If an examination otherwise applies, the Life examination alternatives remain listed; the applicant may receive a waiver.
Hardship
Unable to comply with renewal due to military service or other extenuating circumstance, including long-term medical disability.
Initial resident licensure by examination
Annuity training
To solicit annuity products, complete the one-time four-credit annuity course including Nebraska Protection in Annuity Transactions Act training (Department Education for Licensees).
Application
Submit the uniform individual application with true, correct and complete statements and pay the applicable fees.
Appointment
An appointment by the insurer is required before acting as its agent; this does not replace the producer license.
Character
No act constituting grounds for denial, suspension or revocation under § 44-4059; the bulletin also requires competence, trustworthiness, financial responsibility and a good personal and business reputation.
Minimum age
At least 18 years old (§ 44-4053(1)(a)).
Residence
Maintain principal residence in Nebraska.
Score window
The Candidate Information Bulletin requires all application materials and fees within one year of passing.
Work authorization
If not a U.S. citizen, provide proof of eligibility to work in the U.S. at the initial application (Department FAQ question 24).
Late renewal within 30 days of expiration
No examination is required for this applicant pathway.
Continuing education
Complete 21 hours plus 3 hours of ethics in each two-year period; first renewal and statutory exemptions apply.
Current license
Hold the Life producer license being renewed.
Fees
Pay the renewal fee.
Late fee
Pay the additional late renewal fee.
Timing
Renew within 30 days after expiration; deemed renewed before expiration.

Official no-examination sources

Effective from 2026-09-22.

Resident issuance based on previous same line licensure
No examination is required for this applicant pathway.
Application
Submit the uniform resident application and fees; statutory eligibility and character requirements still apply.
Eligibility
Currently licensed there, or apply within 90 days after cancellation with official certification or NAIC database evidence of good standing at cancellation.
Exam exemption
§ 44-4056(1) expressly removes any examination requirement for qualifying applicants.
Prior license
Previously licensed for the same Life line in another state.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement after more than one year of inactivity
Annuity training
To solicit annuity products, complete the one-time four-credit annuity course including Nebraska Protection in Annuity Transactions Act training (Department Education for Licensees).
Application
Submit the uniform individual application with true, correct and complete statements and pay the applicable fees.
Appointment
An appointment by the insurer is required before acting as its agent; this does not replace the producer license.
Character
No act constituting grounds for denial, suspension or revocation under § 44-4059; the bulletin also requires competence, trustworthiness, financial responsibility and a good personal and business reputation.
Lapse
License inactive or expired for more than one year; complete the appropriate examination and submit a new application.
Minimum age
At least 18 years old (§ 44-4053(1)(a)).
Residence
Maintain principal residence in Nebraska.
Score window
The Candidate Information Bulletin requires all application materials and fees within one year of passing.
Work authorization
If not a U.S. citizen, provide proof of eligibility to work in the U.S. at the initial application (Department FAQ question 24).
Reinstatement within twelve months
No examination is required for this applicant pathway.
Continuing education
Satisfy outstanding education; the insurance exam cannot replace outstanding CE.
Exam exemption
Written examination not required under § 44-4054(5).
Fees
Pay the reinstatement fee and applicable renewal fee.
Lapse
Reinstate the same license within 12 months from the renewal-fee due date.

Official no-examination sources

Effective from 2026-09-22.

Renewal
No examination is required for this applicant pathway.
Continuing education
Complete 21 hours plus 3 hours of ethics in each two-year period; first renewal and statutory exemptions apply.
Current license
Hold the Life producer license being renewed.
Fees
Pay the renewal fee.
Timing
Renew within 90 days before expiration; individual licenses expire at the end of the birth month in the first year after issuance in which age is divisible by two.

Official no-examination sources

Effective from 2026-09-22.

Transfer residence to Nebraska with the same previously held line
No examination is required for this applicant pathway.
Exam exemption
No examination for a previously held line under § 44-4056(2), except if the Director determines otherwise by rule or regulation.
Prior license
Licensed for Life in the prior state; apply within 90 days of establishing Nebraska legal residence.
Status change
First change previous resident-license status, then contact the Nebraska Department of Insurance to confirm the process.

Official no-examination sources

Effective from 2026-09-22.

temporary insurance producer license

Temporary life producer authority for servicing an existing business under § 44-4058.

Licensing authority: Nebraska Department of Insurance · Application information

Temporary authority after death or disability of a designated producer
No examination is required for this applicant pathway.
Duration
At most 180 days; the Director may limit authority or revoke for protection of insureds or the public.
Eligibility
Member or employee of a licensed producer business entity after death or disability of its designated individual.
Exam exemption
Temporary issuance under § 44-4058(1) does not require an examination.
Sponsor
The Director may require a suitable licensed producer or insurer sponsor assuming responsibility for the licensee’s acts.
Termination
Cannot continue after the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Temporary authority for an active service military designee
No examination is required for this applicant pathway.
Duration
At most 180 days; the Director may limit authority or revoke for protection of insureds or the public.
Eligibility
Designee of a licensed producer entering active U.S. armed-forces service.
Exam exemption
Temporary issuance under § 44-4058(1) does not require an examination.
Sponsor
The Director may require a suitable licensed producer or insurer sponsor assuming responsibility for the licensee’s acts.
Termination
Cannot continue after the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Temporary authority in another public interest circumstance
No examination is required for this applicant pathway.
Duration
At most 180 days; the Director may limit authority or revoke for protection of insureds or the public.
Eligibility
Director determines the public interest is best served by temporary licensure for servicing an insurance business.
Exam exemption
Temporary issuance under § 44-4058(1) does not require an examination.
Sponsor
The Director may require a suitable licensed producer or insurer sponsor assuming responsibility for the licensee’s acts.
Termination
Cannot continue after the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Temporary authority after death or disability of an individual producer
No examination is required for this applicant pathway.
Duration
At most 180 days; the Director may limit authority or revoke for protection of insureds or the public.
Eligibility
Surviving spouse or court-appointed personal representative of a licensed producer who dies or becomes mentally or physically disabled; service the business pending sale, recovery, return or personnel training and licensure.
Exam exemption
Temporary issuance under § 44-4058(1) does not require an examination.
Sponsor
The Director may require a suitable licensed producer or insurer sponsor assuming responsibility for the licensee’s acts.
Termination
Cannot continue after the owner or personal representative disposes of the business.

Official no-examination sources

Effective from 2026-09-22.

Nebraska Producer's Examination for Life Insurance Series 13-01

Provider
PSI Services LLC
Format
Computer examination
Exam questions
100 scored questions plus 5 unscored items
Time limit
2 hours
Passing score
70%
Examination outline
  • 1.0 Insurance Regulation (15%)
    • 1.1 General
    • State specific licensing requirements
    • License issuance (44-4052, 44-4053)
    • License issuance (44-4052, 44-4053) > Application
    • License maintenance
    • License maintenance > Change of name/phone number/address/email address (44-4054(8))
    • License maintenance > Assumed business name (44-4057)
    • License maintenance > Reporting of actions (44-4065)
    • License maintenance > Continuing education including exemptions (44-3901 to 44-3908)
    • License maintenance > Penalties
    • License maintenance > Appointment and termination process
    • License duration
    • License duration > Renewal/nonrenewal (44-4054)
    • License duration > Reinstatement
    • License duration > Continuation
    • License duration > Termination (44-4062)
    • License duration > Surrender
    • License duration > Lapse
    • License duration > Inactivity due to military service
    • License duration > Inactivity due to extenuating circumstances
    • Disciplinary actions related to the license
    • Disciplinary actions related to the license > Denial
    • Disciplinary actions related to the license > Suspension (44-2633, 44-4059)
    • Disciplinary actions related to the license > Surrender
    • Disciplinary actions related to the license > Revocation or refusal to issue or renew (44-2633, 44-4059)
    • Penalties
    • Penalties > Civil
    • Penalties > Criminal (28-631)
    • Penalties > Hearings (44-4059(2))
    • Penalties > Fines (44-2634, 44-4059(4))
    • Penalties > Cease and desist order (44-1529, 44-1542)
    • 1.2 Licensing Types, Purposes, and Processes
    • License types (44-4054)
    • License types (44-4054) > Producer (44-4049, 44-4054)
    • License types (44-4054) > Consultant (44-2606 to 44-2635)
    • License types (44-4054) > Agency
    • License types (44-4054) > Resident (44-2625, 44-4055, 44-4063)
    • License types (44-4054) > Nonresident (44-2625, 4055, 44-4063)
    • License types (44-4054) > Temporary (44-4058)
    • Licensing requirements
    • Licensing requirements > Eligibility and qualification
    • Licensing requirements > Licensing exemptions (44-4051)
    • 1.3 State Regulation
    • Acts constituting insurance transaction
    • Acts constituting insurance transaction > Negotiate
    • Acts constituting insurance transaction > Sell
    • Acts constituting insurance transaction > Solicit
    • Director's general duties and powers (44-101.01, 44-2635)
    • Producer regulatory requirements
    • Producer regulatory requirements > Policy signatures
    • Producer regulatory requirements > Application signatures
    • Producer regulatory requirements > Premium payment
    • Producer regulatory requirements > Producer representation
    • Producer regulatory requirements > Commissions/compensation and fees (44-4060)
    • Producer regulatory requirements > Controlled business (44-361.01, 44-361.02)
    • Producer regulatory requirements > Appointment (44-4061)
    • Producer regulatory requirements > Fiduciary responsibility
    • Producer regulatory requirements > Impersonation
    • Producer regulatory requirements > Records maintenance (44-5905)
    • Producer regulatory requirements > Claims reporting
    • Company regulatory requirements
    • Company regulatory requirements > Solvency
    • Company regulatory requirements > Financial requirements
    • Company regulatory requirements > Certificate of authority (44-303)
    • Company regulatory requirements > State of domicile
    • Company regulatory requirements > Records maintenance
    • Company regulatory requirements > Policy forms/rates/exceptions
    • Company regulatory requirements > Appointment/termination
    • Company regulatory requirements > Capital and surplus requirements (44-214, 44-305)
    • Company regulatory requirements > Unfair trade practices complaint register (44-1525(9))
    • Difference between admitted, non-admitted, foreign, and domestic insurers
    • Unfair trade practices
    • Unfair trade practices > Unfair discrimination (44-1525(7))
    • Unfair trade practices > Misrepresentation (44-1525(1))
    • Unfair trade practices > False or deceptive advertising (44-1525(2))
    • Unfair trade practices > Claims settlement
    • Unfair trade practices > Boycott (44-1525(4))
    • Unfair trade practices > Coercion (44-1525(4))
    • Unfair trade practices > Intimidation (44-1525(4))
    • Unfair trade practices > Defamation (44-1525(3))
    • Unfair trade practices > False financial statements
    • Unfair trade practices > Fraud
    • Unfair trade practices > Illegal inducements including rebating and twisting (44-361, 44-1525(8))
    • Unfair trade practices > Misappropriation of funds
    • Unfair trade practices > Testimonials
    • Unfair trade practices > Comparisons
    • Unfair trade practices > Nondisclosure of fees or charges (44-354)
    • Other prohibited practices
    • Other prohibited practices > Commingling of funds
    • Other prohibited practices > Non-transparency
    • Other prohibited practices > STOLI/IOLI
    • Other prohibited practices > Prohibited fees/premiums/extra charges
    • Other prohibited practices > Larceny
    • Other prohibited practices > Acting without a license
    • Unfair claims settlement practices (44-1539, 44-1540)
    • Nonpublic personal information and privacy protection
    • Policy replacement
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Advertising (210 Nebraska Administrative Code Ch. 50)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Provisions/rules
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Policy summary
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Buyer's Guide (210 Nebraska Administrative Code Ch. 33, § 005, NAIC Current Model Buyer's Guide)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Illustrations (210 Nebraska Administrative Code Ch. 72)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Suitability
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Backdating
    • Selection criteria and unfair discrimination (44- 1525(7)(a))
    • Insurance Fraud Act (44-6601 to 44-6608)
    • Privacy of Insurance Consumer Information Act (44-901 to 44-925) Neb. Rev. Stat. §44-902(1)(a)
    • 1.4 Federal Regulation
    • Federal Law (18 U.S. Code § 1033)
    • Fair Credit Reporting Act (15 USC 1681–1681d)
    • Fraud and false statements including 1033 and 1034 waiver
    • "Prohibited Persons" Waiver (Consent to Work) (18 U.S. Code § 1033-1034)
    • Other federal regulations
    • Other federal regulations > Do Not Call List (Telephone Consumer Protection Act)
    • Other federal regulations > Can-Spam Act
    • Other federal regulations > Sarbanes-Oxley Act
    • Other federal regulations > Consumer Data Privacy and Security Act
    • Other federal regulations > Gramm-Leach-Bliley Act
  • 2.0 General Insurance (13%)
    • 2.1 Risk management key terms
    • Risk
    • Exposure
    • Hazard
    • Peril
    • Loss
    • Insurance
    • 2.2 Methods of handling risk
    • Avoidance
    • Retention
    • Sharing
    • Reduction
    • Transfer
    • 2.3 Other risk concepts
    • Elements of insurable risks
    • Adverse selection
    • Law of large numbers
    • Reinsurance
    • 2.4 Types of insurers
    • Stock
    • Mutual
    • Fraternal benefit society
    • 2.5 Financial rating services
    • A.M. Best
    • Standard and Poor's
    • Moody's
    • 2.6 Distribution systems
    • Independent
    • Direct
    • Exclusive/captive agent
    • Exchanges
    • 2.7 Law of agency
    • Insurer as principal
    • Producer/agent/broker-insurer relationships
    • 2.8 Authority and powers of producers/agents/brokers
    • Express
    • Implied
    • Apparent
    • 2.9 Elements of a legal contract
    • Offer and acceptance
    • Consideration
    • Competent parties
    • Legal purpose
    • 2.10 Legal interpretations affecting contracts
    • Reasonable expectations
    • Indemnity
    • Utmost good faith
    • Concealment
    • Representations
    • Misrepresentations
    • Warranties
    • Fraud
  • 3.0 Life Insurance Basics (17%)
    • 3.1 Producer Authority and Powers
    • Insurable interest
    • Personal uses of life insurance
    • Personal uses of life insurance > Survivor protection
    • Personal uses of life insurance > Estate creation/conservation
    • Personal uses of life insurance > Cash accumulation
    • Personal uses of life insurance > Security
    • Personal uses of life insurance > Exemption from creditor claims/probate
    • Needs approach to determining amount of personal life insurance
    • Needs approach to determining amount of personal life insurance > Types of information gathered
    • Needs approach to determining amount of personal life insurance > Determining lump-sum needs
    • Needs approach to determining amount of personal life insurance > Planning for income needs
    • Business uses of life insurance
    • Business uses of life insurance > Key person
    • Business uses of life insurance > Buy-sell
    • Factors in premium determination
    • Factors in premium determination > Mortality
    • Factors in premium determination > Interest
    • Factors in premium determination > Expense
    • Field underwriting
    • Field underwriting > Application procedures
    • Field underwriting > Required signatures
    • Field underwriting > Notice of information practices and premium collection
    • Field underwriting > Conditional receipt
    • Policy delivery
    • Policy delivery > Policy review
    • Policy delivery > Effective date of coverage
    • Policy delivery > Premium collection
    • Policy delivery > Statement of Good Health
    • Policy delivery > Delivery/electronic delivery requirements
    • Information sources and regulation
    • Information sources and regulation > Application
    • Information sources and regulation > Producer report
    • Information sources and regulation > Attending physician statement
    • Information sources and regulation > Investigative consumer report
    • Information sources and regulation > Medical Information Bureau (MIB)
    • Information sources and regulation > Medical examination and lab tests including HIV (RL 71-531)
    • Information sources and regulation > Financial information
    • Risk classifications
    • Risk classifications > Preferred
    • Risk classifications > Standard
    • Risk classifications > Substandard/rated
    • Risk classifications > Declined
  • 4.0 Life Insurance Policies (18%)
    • 4.1 Characteristics of Level Term
    • Renewability
    • Level premium
    • Convertibility
    • Term-to-65
    • 4.2 Decreasing Term
    • Credit/mortgage protection
    • 4.3 Whole Life
    • Ordinary
    • Limited pay
    • Single premium
    • 4.4 Characteristics of Whole Life
    • Cash value
    • Maturity
    • Guarantees
    • 4.5 Universal and Indexed Life
    • 4.6 Variable products
    • Regulation of variable products
    • Qualifications of producers for the sale of variable products
    • General account versus separate account
    • 4.7 Specialized policies
    • Joint life/first-to-die
    • Survivorship life/second-to-die
    • 4.8 Characteristics of Group Life
    • Individual certificates
    • Eligibility
    • Plan sponsors
    • Underwriting requirements
    • Required provisions (44-1607)
    • Assignability (44-1619)
    • Conversion (44-1607(8– 10), 44-1613, 44-1614)
    • Standard provisions
  • 5.0 Life Insurance Policy Provisions, Options and Riders (18%)
    • 5.1 Required Provisions (44-502)
    • Ownership
    • Assignment
    • Entire contract (44-502(3))
    • Right to examine (free look) (44-502.05)
    • Payment of premiums (44-502(1))
    • Grace period (44-502(2))
    • Reinstatement (44-502(11))
    • Incontestability (44-502(5))
    • Misstatement of age or sex (44-502(6))
    • Exclusions (44-502(5))
    • Statements of the insured (44- 502(4))
    • Payment of claims (44- 502(12))
    • Interest on proceeds (44-3, 44-143)
    • Prohibited provisions including backdating (44-503)
    • Suicide
    • Consideration
    • Insuring clause
    • 5.2 Beneficiaries
    • Designation options
    • Designation options > Individuals
    • Designation options > Classes
    • Designation options > Estates
    • Designation options > Minors
    • Designation options > Trusts
    • Succession
    • Succession > Primary
    • Succession > Contingent
    • Revocable versus irrevocable
    • Common Disaster Clause
    • 5.3 Settlement Options
    • Types of settlement options
    • Types of settlement options > Cash payment
    • Types of settlement options > Interest only
    • Types of settlement options > Fixed-period installments
    • Types of settlement options > Fixed-amount installments
    • Types of settlement options > Life income
    • Types of settlement options > Single life
    • Types of settlement options > Joint and survivor
    • Retained asset account
    • Spendthrift clause
    • 5.4 Nonforfeiture Options
    • Types of nonforfeiture options
    • Types of nonforfeiture options > Cash surrender value
    • Types of nonforfeiture options > Extended term
    • Types of nonforfeiture options > Reduced paid-up insurance
    • 5.5 Policy Loan and Withdrawal Options
    • Types of loans and withdrawals
    • Types of loans and withdrawals > Policy loans
    • Types of loans and withdrawals > Automatic premium loans
    • Types of loans and withdrawals > Withdrawals or partial surrenders
    • 5.6 Dividend Options
    • Dividend options
    • Dividend options > Cash
    • Dividend options > Reduction of premium/loan
    • Dividend options > Accumulation at interest
    • Dividend options > One-year term
    • Dividend options > Paid-up additions
    • Dividend options > Paid-up insurance
    • 5.7 Policy Riders
    • Disability riders
    • Disability riders > Waiver of premium
    • Disability riders > Waiver of cost of insurance (Universal Life)
    • Disability riders > Disability income benefit
    • Disability riders > Guaranteed insurability
    • Accelerated (living) and long-term care benefits/riders
    • Accelerated (living) and long-term care benefits/riders > Conditions for payment
    • Accelerated (living) and long-term care benefits/riders > Effect on death benefit
    • Accelerated (living) and long-term care benefits/riders > Qualifying events
    • Accelerated (living) and long-term care benefits/riders > Disclosure
    • Accelerated (living) and long-term care benefits/riders > Exclusions and restrictions
    • Additional insureds
    • Additional insureds > Spouse/other-insured term
    • Additional insureds > Children's term
    • Additional insureds > Family term
    • Riders affecting death benefit
    • Riders affecting death benefit > Accidental death and dismemberment
    • Riders affecting death benefit > Cost of living
    • Riders affecting death benefit > Return of premium
  • 6.0 Annuities (11%)
    • 6.1 Annuity Basics
    • Annuity concepts and uses
    • Annuity concepts and uses > Accumulation/annuity periods
    • Annuity concepts and uses > Owner
    • Annuity concepts and uses > Annuitant
    • Annuity concepts and uses > Beneficiary
    • Annuity concepts and uses > Death of owner
    • Annuity concepts and uses > Nebraska Protection in Annuity Transactions Act (44-8101 to 44-8109)
    • Types of annuities
    • Types of annuities > Single premium
    • Types of annuities > Fixed premium
    • Types of annuities > Flexible premium
    • Types of annuities > Immediate
    • Types of annuities > Deferred
    • Features/aspects of annuities
    • Features/aspects of annuities > Nonforfeiture
    • Features/aspects of annuities > Surrender charges
    • Fixed versus variable annuities (44-2212, 44-216; 210 Administrative Code Ch. 15, § 006, § 011)
    • Fixed versus variable annuities (44-2212, 44-216; 210 Administrative Code Ch. 15, § 006, § 011) > Interest rate guarantees
    • Fixed versus variable annuities (44-2212, 44-216; 210 Administrative Code Ch. 15, § 006, § 011) > Separate account
    • Fixed versus variable annuities (44-2212, 44-216; 210 Administrative Code Ch. 15, § 006, § 011) > General account
    • 6.2 Payout Options
    • Life contingency benefit options
    • Life contingency benefit options > Pure life
    • Life contingency benefit options > Life with guaranteed minimum
    • Life contingency benefit options > Single life
    • Life contingency benefit options > Multiple life
    • Annuity certain payment options
    • Annuity certain payment options > Installments for a fixed period/amount
  • 7.0 Federal Taxation of Life Insurance and Annuities (8%)
    • 7.1 General
    • Taxation of amounts available to policyowner
    • Taxation of amounts available to policyowner > Cash value increases
    • Taxation of amounts available to policyowner > Dividends
    • Taxation of amounts available to policyowner > Loans
    • Taxation of amounts available to policyowner > Surrenders
    • Taxation of amounts available to policyowner > Accelerated benefits
    • Taxation of amounts available to policyowner > Death benefit
    • Taxation of amounts received by the beneficiary
    • Taxation of amounts received by the beneficiary > General rules and exceptions
    • Taxation of amounts received by the beneficiary > Settlement options
    • Taxation of amounts received by the beneficiary > Tax implications of estate as beneficiary
    • Section 1035 exchanges
    • Qualified versus nonqualified annuities
    • Qualified versus nonqualified annuities > General requirements
    • Qualified versus nonqualified annuities > Taxation of distributions/withdrawals/contributions
    • Qualified versus nonqualified annuities > Premature distributions
    • Qualified versus nonqualified annuities > During accumulation phase
    • Qualified versus nonqualified annuities > Annuity phase, exclusion ratio
    • Modified endowment contracts (MECs)
    • Modified endowment contracts (MECs) > Modified endowment versus life insurance
    • Modified endowment contracts (MECs) > Seven-pay test
    • Modified endowment contracts (MECs) > Distributions
Examination sources

Nebraska Producer's Examination for Life, Accident and Health or Sickness Insurance Series 13-03

Provider
PSI Services LLC
Format
Computer examination
Exam questions
150 scored questions plus 5 unscored items
Time limit
2.5 hours
Passing score
70%
Examination outline
  • 1.0 Insurance Regulation (15%)
    • 1.1 General
    • State specific licensing requirements
    • License issuance (44-4052, 44-4053)
    • License issuance (44-4052, 44-4053) > Application
    • License maintenance
    • License maintenance > Change of name/phone number/address/email address (44-4054(8))
    • License maintenance > Assumed business name (44-4057)
    • License maintenance > Reporting of actions (44-4065)
    • License maintenance > Continuing education including exemptions (44-3901 to 44-3908)
    • License maintenance > Penalties
    • License maintenance > Appointment and termination process
    • License duration
    • License duration > Renewal/nonrenewal (44-4054)
    • License duration > Reinstatement
    • License duration > Continuation
    • License duration > Termination (44-4062)
    • License duration > Surrender
    • License duration > Lapse
    • License duration > Inactivity due to military service
    • License duration > Inactivity due to extenuating circumstances
    • Disciplinary actions related to the license
    • Disciplinary actions related to the license > Denial
    • Disciplinary actions related to the license > Suspension (44-2633, 44-4059)
    • Disciplinary actions related to the license > Surrender
    • Disciplinary actions related to the license > Revocation or refusal to issue or renew (44-2633, 44-4059)
    • Penalties
    • Penalties > Civil
    • Penalties > Criminal (28-631)
    • Penalties > Hearings (44-4059(2))
    • Penalties > Fines (44-2634, 44-4059(4))
    • Penalties > Cease and desist order (44-1529, 44-1542)
    • 1.2 Licensing Types, Purposes, and Processes
    • License types (44-4054)
    • License types (44-4054) > Producer (44-4049, 44-4054)
    • License types (44-4054) > Consultant (44-2606 to 44-2635)
    • License types (44-4054) > Agency
    • License types (44-4054) > Resident (44-2625, 44-4055, 44-4063)
    • License types (44-4054) > Nonresident (44-2625, 44-4055, 44-4063)
    • License types (44-4054) > Temporary (44-4058)
    • Licensing requirements
    • Licensing requirements > Eligibility and qualification
    • Licensing requirements > Licensing exemptions (44-4051)
    • 1.3 State Regulation
    • Acts constituting insurance transaction
    • Acts constituting insurance transaction > Negotiate
    • Acts constituting insurance transaction > Sell
    • Acts constituting insurance transaction > Solicit
    • Director's general duties and powers (44-101.01, 44-2635)
    • Producer regulatory requirements
    • Producer regulatory requirements > Policy signatures
    • Producer regulatory requirements > Application signatures
    • Producer regulatory requirements > Premium payment
    • Producer regulatory requirements > Producer representation
    • Producer regulatory requirements > Commissions/compensation and fees (44-4060)
    • Producer regulatory requirements > Controlled business (44-361.01, 44-361.02)
    • Producer regulatory requirements > Appointment (44-4061)
    • Producer regulatory requirements > Fiduciary responsibility
    • Producer regulatory requirements > Impersonation
    • Producer regulatory requirements > Records maintenance (44-5905)
    • Producer regulatory requirements > Claims reporting
    • Company regulatory requirements
    • Company regulatory requirements > Solvency
    • Company regulatory requirements > Financial requirements
    • Company regulatory requirements > Certificate of authority (44-303)
    • Company regulatory requirements > State of domicile
    • Company regulatory requirements > Records maintenance
    • Company regulatory requirements > Policy forms/rates/exceptions
    • Company regulatory requirements > Appointment/termination
    • Company regulatory requirements > Capital and surplus requirements (44-214, 44-305)
    • Company regulatory requirements > Unfair trade practices complaint register (44-1525(9))
    • Difference between admitted, non-admitted, foreign, and domestic insurers
    • Unfair trade practices
    • Unfair trade practices > Unfair discrimination (44-1525(7))
    • Unfair trade practices > Misrepresentation (44-1525(1))
    • Unfair trade practices > False or deceptive advertising (44-1525(2))
    • Unfair trade practices > Claims settlement
    • Unfair trade practices > Boycott (44-1525(4))
    • Unfair trade practices > Coercion (44-1525(4))
    • Unfair trade practices > Intimidation (44-1525(4))
    • Unfair trade practices > Defamation (44-1525(3))
    • Unfair trade practices > False financial statements
    • Unfair trade practices > Fraud
    • Unfair trade practices > Illegal inducements including rebating and twisting (44-361, 44-1525(8))
    • Unfair trade practices > Misappropriation of funds
    • Unfair trade practices > Testimonials
    • Unfair trade practices > Comparisons
    • Unfair trade practices > Nondisclosure of fees or charges (44-354)
    • Other prohibited practices
    • Other prohibited practices > Commingling of funds
    • Other prohibited practices > Non-transparency
    • Other prohibited practices > STOLI/IOLI
    • Other prohibited practices > Prohibited fees/premiums/extra charges
    • Other prohibited practices > Larceny
    • Other prohibited practices > Acting without a license
    • Unfair claims settlement practices (44-1539, 44-1540)
    • Nonpublic personal information and privacy protection
    • Policy replacement (210 Nebraska Administrative Code Ch. 19)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Advertising (210 Nebraska Administrative Code Ch. 50)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Provisions/rules
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Policy summary
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Buyer's Guide (210 Nebraska Administrative Code Ch. 33 § 005, NAIC Current Model Buyer's Guide)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Illustrations (210 Nebraska Administrative Code Ch. 72)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Suitability (44-8101 to 44-8109)
    • Solicitation and sales (210 Nebraska Administrative Code Ch. 33) > Backdating
    • Selection criteria and unfair discrimination (44-1525(7)(a))
    • Insurance Fraud Act (44-6601 to 44-6608)
    • Privacy of Insurance Consumer Information Act (44-901 to 44-925) Neb. Rev. Stat. §44-902(1)(a)
    • 1.4 Federal Regulation
    • Federal Law (18 U.S. Code § 1033)
    • Fair Credit Reporting Act (15 USC 1681–1681d)
    • Fraud and false statements including 1033 and 1034 waiver
    • "Prohibited Persons" Waiver (Consent to Work) (18 U.S. Code § 1033-1034)
    • Other federal regulations
    • Other federal regulations > Do Not Call List (Telephone Consumer Protection Act)
    • Other federal regulations > Can-Spam Act
    • Other federal regulations > Sarbanes-Oxley Act
    • Other federal regulations > Consumer Data Privacy and Security Act
    • Other federal regulations > Gramm-Leach-Bliley Act
  • 2.0 General Insurance (10%)
    • 2.1 Risk management key terms
    • Risk
    • Exposure
    • Hazard
    • Peril
    • Loss
    • Insurance
    • 2.2 Methods of handling risk
    • Avoidance
    • Retention
    • Sharing
    • Reduction
    • Transfer
    • 2.3 Other risk concepts
    • Elements of insurable risks
    • Adverse selection
    • Law of large numbers
    • Reinsurance
    • 2.4 Types of insurers
    • Stock
    • Mutual
    • Fraternal benefit society
    • 2.5 Financial rating services
    • A.M. Best
    • Standard and Poor's
    • Moody's
    • 2.6 Distribution systems
    • Independent
    • Direct
    • Exclusive/captive agent
    • Exchanges
    • 2.7 Law of agency
    • Insurer as principal
    • Producer/agent/broker-insurer relationships
    • 2.8 Authority and powers of producers/agents/brokers
    • Express
    • Implied
    • Apparent
    • 2.9 Elements of a legal contract
    • Offer and acceptance
    • Consideration
    • Competent parties
    • Legal purpose
    • 2.10 Legal interpretations affecting contracts
    • Reasonable expectations
    • Indemnity
    • Utmost good faith
    • Concealment
    • Representations
    • Misrepresentations
    • Warranties
    • Fraud
  • 3.0 Life Insurance Basics (8%)
    • 3.1 Producer Authority and Powers
    • Insurable interest (44-704)
    • Personal uses of life insurance
    • Personal uses of life insurance > Survivor protection
    • Personal uses of life insurance > Estate creation/conservation
    • Personal uses of life insurance > Cash accumulation
    • Personal uses of life insurance > Security
    • Personal uses of life insurance > Exemption from creditor claims/probate
    • Needs approach to determining amount of personal life insurance
    • Needs approach to determining amount of personal life insurance > Types of information gathered
    • Needs approach to determining amount of personal life insurance > Determining lump-sum needs
    • Needs approach to determining amount of personal life insurance > Planning for income needs
    • Business uses of life insurance
    • Business uses of life insurance > Key person
    • Business uses of life insurance > Buy-sell
    • Factors in premium determination
    • Factors in premium determination > Mortality
    • Factors in premium determination > Interest
    • Factors in premium determination > Expense
    • Field underwriting
    • Field underwriting > Application procedures
    • Field underwriting > Required signatures
    • Field underwriting > Notice of information practices and premium collection
    • Field underwriting > Conditional receipt
    • Policy delivery
    • Policy delivery > Policy review
    • Policy delivery > Effective date of coverage
    • Policy delivery > Premium collection
    • Policy delivery > Statement of Good Health
    • Policy delivery > Delivery/electronic delivery requirements
    • Information sources and regulation
    • Information sources and regulation > Application
    • Information sources and regulation > Producer report
    • Information sources and regulation > Attending physician statement
    • Information sources and regulation > Investigative consumer report
    • Information sources and regulation > Medical Information Bureau (MIB)
    • Information sources and regulation > Medical examination and lab tests including HIV (RL 71-531)
    • Information sources and regulation > Financial information
    • Risk classifications
    • Risk classifications > Preferred
    • Risk classifications > Standard
    • Risk classifications > Substandard/rated
    • Risk classifications > Declined
  • 4.0 Life Insurance Policies (9%)
    • 4.1 Characteristics of Level Term
    • Renewability
    • Level premium
    • Convertibility
    • Term-to-65
    • 4.2 Decreasing Term
    • Credit/mortgage protection
    • 4.3 Whole Life
    • Ordinary
    • Limited pay
    • Single premium
    • 4.4 Characteristics of Whole Life
    • Cash value
    • Maturity
    • Guarantees
    • 4.5 Universal and Indexed Life
    • 4.6 Variable products
    • Regulation of variable products (44-2212, 44-2216; 210 Nebraska Administrative Code Ch. 15 § 006, § 011)
    • Qualifications of producers for the sale of variable products
    • General account versus separate account
    • 4.7 Specialized policies
    • Joint life/first-to-die
    • Survivorship life/second-to-die
    • 4.8 Characteristics of Group Life
    • Individual certificates
    • Eligibility
    • Plan sponsors
    • Underwriting requirements
    • Conversion (44- 1607(8–10), 44-1613, 44-1614)
    • Standard provisions
  • 5.0 Life Insurance Policy Provisions, Options and Riders (9%)
    • 5.1 Required Provisions (44-502)
    • Ownership
    • Assignment
    • Entire contract (44-502(3))
    • Right to examine (free look) (44- 502.05)
    • Payment of premiums (44-502(1))
    • Grace period (44-502(2))
    • Reinstatement (44-502(11))
    • Incontestability (44-502(5))
    • Misstatement of age or sex (44-502(6))
    • Exclusions (44-502(5))
    • Suicide
    • Consideration
    • Insuring clause
    • 5.2 Beneficiaries
    • Designation options
    • Designation options > Individuals
    • Designation options > Classes
    • Designation options > Estates
    • Designation options > Minors
    • Designation options > Trusts
    • Succession
    • Succession > Primary
    • Succession > Contingent
    • Revocable versus irrevocable
    • Common Disaster Clause
    • 5.3 Settlement Options
    • Types of settlement options
    • Types of settlement options > Cash payment
    • Types of settlement options > Interest only
    • Types of settlement options > Fixed-period installments
    • Types of settlement options > Fixed-amount installments
    • Types of settlement options > Life income
    • Types of settlement options > Single life
    • Types of settlement options > Joint and survivor
    • Retained asset account
    • Spendthrift clause
    • 5.4 Nonforfeiture Options
    • Types of nonforfeiture options
    • Types of nonforfeiture options > Cash surrender value
    • Types of nonforfeiture options > Extended term
    • Types of nonforfeiture options > Reduced paid-up insurance
    • 5.5 Policy Loan and Withdrawal Options
    • Types of loans and withdrawals
    • Types of loans and withdrawals > Policy loans
    • Types of loans and withdrawals > Automatic premium loans
    • Types of loans and withdrawals > Withdrawals or partial surrenders
    • 5.6 Dividend Options
    • Dividend options
    • Dividend options > Cash
    • Dividend options > Reduction of premium/loan
    • Dividend options > Accumulation at interest
    • Dividend options > One-year term
    • Dividend options > Paid-up additions
    • Dividend options > Paid-up insurance
    • 5.7 Policy Riders
    • Disability riders
    • Disability riders > Waiver of premium
    • Disability riders > Waiver of cost of insurance (Universal Life)
    • Disability riders > Disability income benefit
    • Disability riders > Guaranteed insurability
    • Accelerated (living) and long-term care benefits/riders
    • Accelerated (living) and long-term care benefits/riders > Conditions for payment
    • Accelerated (living) and long-term care benefits/riders > Effect on death benefit
    • Accelerated (living) and long-term care benefits/riders > Qualifying events
    • Accelerated (living) and long-term care benefits/riders > Disclosure
    • Accelerated (living) and long-term care benefits/riders > Exclusions and restrictions
    • Additional insureds
    • Additional insureds > Spouse/other-insured term
    • Additional insureds > Children's term
    • Additional insureds > Family term
    • Riders affecting death benefit
    • Riders affecting death benefit > Accidental death and dismemberment
    • Riders affecting death benefit > Cost of living
    • Riders affecting death benefit > Return of premium
  • 6.0 Annuities (6%)
    • 6.1 Annuity Basics
    • Annuity concepts and uses
    • Annuity concepts and uses > Accumulation/annuity periods
    • Annuity concepts and uses > Owner
    • Annuity concepts and uses > Annuitant
    • Annuity concepts and uses > Beneficiary
    • Annuity concepts and uses > Death of owner
    • Types of annuities
    • Types of annuities > Single premium
    • Types of annuities > Fixed premium
    • Types of annuities > Flexible premium
    • Types of annuities > Immediate
    • Types of annuities > Deferred
    • Features/aspects of annuities
    • Features/aspects of annuities > Nonforfeiture
    • Features/aspects of annuities > Surrender charges
    • Fixed versus variable annuities
    • Fixed versus variable annuities > Interest rate guarantees
    • Fixed versus variable annuities > Separate account
    • Fixed versus variable annuities > General account
    • 6.2 Payout Options
    • Life contingency benefit options
    • Life contingency benefit options > Pure life
    • Life contingency benefit options > Life with guaranteed minimum
    • Life contingency benefit options > Single life
    • Life contingency benefit options > Multiple life
    • Annuity certain payment options
    • Annuity certain payment options > Installments for a fixed period/amount
  • 7.0 Federal Taxation of Life Insurance and Annuities (4%)
    • 7.1 General
    • Taxation of amounts available to policyowner
    • Taxation of amounts available to policyowner > Cash value increases
    • Taxation of amounts available to policyowner > Dividends
    • Taxation of amounts available to policyowner > Loans
    • Taxation of amounts available to policyowner > Surrenders
    • Taxation of amounts available to policyowner > Accelerated benefits
    • Taxation of amounts available to policyowner > Death benefit
    • Taxation of amounts received by the beneficiary
    • Taxation of amounts received by the beneficiary > General rules and exceptions
    • Taxation of amounts received by the beneficiary > Settlement options
    • Taxation of amounts received by the beneficiary > Tax implications of estate as beneficiary
    • Section 1035 exchanges
    • Qualified versus nonqualified annuities
    • Qualified versus nonqualified annuities > General requirements
    • Qualified versus nonqualified annuities > Taxation of distributions/withdrawals/contributions
    • Qualified versus nonqualified annuities > Premature distributions
    • Qualified versus nonqualified annuities > During accumulation phase
    • Qualified versus nonqualified annuities > Annuity phase, exclusion ratio
    • Modified endowment contracts (MECs)
    • Modified endowment contracts (MECs) > Modified endowment versus life insurance
    • Modified endowment contracts (MECs) > Seven-pay test
    • Modified endowment contracts (MECs) > Distributions
  • 8.0 Customer Relations and Privacy (1%)
    • 8.1 Networking and Client Support
    • Product suitability
    • 8.2 Recording, Reporting, and Securing Client Information
    • HIPAA privacy and security (EDI) rules
    • Records maintenance and security
    • Required disclosures
    • Required disclosures > Buyer's/shopper's guide
    • Required disclosures > HIV consent
  • 9.0 Sickness and Accident Risk and Underwriting (8%)
    • 9.1 Risk Management
    • Risk management key terms
    • Risk management key terms > Risk
    • Risk management key terms > Exposure
    • Risk management key terms > Hazard
    • Risk management key terms > Peril
    • Risk management key terms > Loss
    • Methods of handling risk
    • Methods of handling risk > Avoidance
    • Methods of handling risk > Retention
    • Methods of handling risk > Sharing
    • Methods of handling risk > Reduction
    • Methods of handling risk > Transfer
    • Other concepts affecting risk
    • Other concepts affecting risk > Elements of insurable risks
    • Other concepts affecting risk > Adverse selection
    • Other concepts affecting risk > Law of large numbers
    • Other concepts affecting risk > Reinsurance
    • Other concepts affecting risk > Indemnity
    • Elements of insurable risk
    • Elements of insurable risk > Due to chance
    • Elements of insurable risk > Definite and measurable
    • Elements of insurable risk > Statistically predictable
    • Elements of insurable risk > Not catastrophic
    • Elements of insurable risk > Randomly selected
    • 9.2 Underwriting
    • Risk classifications
    • Risk classifications > Preferred
    • Risk classifications > Standard
    • Risk classifications > Substandard
    • Allowable sources of underwriting information
    • Allowable sources of underwriting information > Application
    • Allowable sources of underwriting information > Producer report
    • Allowable sources of underwriting information > Attending physicians’ statement
    • Allowable sources of underwriting information > Investigative consumer report
    • Allowable sources of underwriting information > Medical information bureau (MIB)
    • Allowable sources of underwriting information > Medical examinations and lab tests including HIV consent (RL 71-531)
    • Purpose and process of underwriting
    • Unfair discrimination (44-749)
    • Unfair discrimination (44-749) > Blindness
    • Unfair discrimination (44-749) > Genetic characteristics
    • Field underwriting
    • Field underwriting > Application process
    • Common errors or omissions related to underwriting
    • Common errors or omissions related to underwriting > Failing to give required disclosures
    • Common errors or omissions related to underwriting > Misrepresenting client information
    • 9.3 Replacement
    • Limitations and exclusions
    • Limitations and exclusions > Pre-existing conditions
    • Limitations and exclusions > Waiting periods
    • Replacement requirements
    • Replacement requirements > Notifications
    • Replacement requirements > Proof/certificate of creditable coverage
    • Replacement requirements > Suitability
    • 9.4 Policy Delivery Requirements
    • Statement of good health
    • Policy review
  • 10.0 Individual Accident and Sickness Insurance Policy General Provisions and Clauses (6%)
    • 10.1 Risk Management
    • Individual optional provisions (44-710.04)
    • Individual optional provisions (44-710.04) > Change of occupation (44-710.04(1))
    • Individual optional provisions (44-710.04) > Age/gender misstatement (44-710.04(2))
    • Individual optional provisions (44-710.04) > Insurance with other insurers (44-710.04(4))
    • Individual optional provisions (44-710.04) > Other insurance in this insurer (44-710.04(3))
    • Individual optional provisions (44-710.04) > Unpaid premiums (44-710.04(7))
    • Individual optional provisions (44-710.04) > Cancellation (44-710.04(8))
    • Individual optional provisions (44-710.04) > Conformity with state statutes (44-710.04(9))
    • Individual optional provisions (44-710.04) > Illegal occupation (44-710.04(10))
    • Individual optional provisions (44-710.04) > Intoxicants and narcotics (44-710.04(11))
    • Individual policy mandatory provisions (44-710.03)
    • Individual policy mandatory provisions (44-710.03) > Time limit on certain defenses (44-710.03(2))
    • Individual policy mandatory provisions (44-710.03) > Physical exam and autopsy (44-710.03(10))
    • Individual policy mandatory provisions (44-710.03) > Legal actions (44-710.03(11))
    • Individual policy mandatory provisions (44-710.03) > Change of beneficiary (44-710.03(12))
    • Individual policy mandatory provisions (44-710.03) > Entire contract (44-710.03(1), 44-710.12)
    • Individual policy mandatory provisions (44-710.03) > Grace period (44-710.03(3))
    • Individual policy mandatory provisions (44-710.03) > Reinstatement (44-710.03(4))
    • Individual policy mandatory provisions (44-710.03) > Claims forms (44-710.03(5–9))
    • Individual policy mandatory provisions (44-710.03) > Notice of claims (44-710.03(5–9))
    • Individual policy mandatory provisions (44-710.03) > Proof of loss
    • Individual policy mandatory provisions (44-710.03) > Time of payment of claims (44-710.03(5–9))
    • Individual policy mandatory provisions (44-710.03) > Payment of claims (44-710.03(5–9))
    • Other provisions
    • Other provisions > Free look period (44-710.18)
    • Other provisions > Insuring clause
    • Other provisions > Consideration clause
    • Other provisions > Coordination of benefits
    • Other provisions > Renewability clause
    • Renewability clauses (44-787)
    • Renewability clauses (44-787) > Noncancelable
    • Renewability clauses (44-787) > Guaranteed renewable
    • Renewability clauses (44-787) > Conditionally renewable at option of insurer
    • Renewability clauses (44-787) > Nonrenewable including cancelable and short-term health
    • Policy exclusions
    • Policy exclusions > Intentionally inflicted
    • Policy exclusions > War
    • Policy exclusions > Elective procedures
    • Policy exclusions > Workers' compensation
  • 11.0 Disability (3%)
    • 11.1 General
    • Total disability plans
    • Total disability plans > Indemnity policy versus loss of income
    • Social Security disability programs
    • Social Security disability programs > Coordination of benefits
    • Eligibility requirements
    • Characteristics of disability income insurance
    • Characteristics of disability income insurance > Occupational versus non occupational
    • Characteristics of disability income insurance > Definition of disability
    • Elimination period, waiting period, probationary period, and benefit period
    • 11.2 Types and Classes
    • Short-term versus long-term group disability income insurance
    • Business disability insurance
    • Business disability insurance > Key person
    • Business disability insurance > Buy-sell policy
    • Individual versus group policies
    • Total, partial, presumptive, and residual disability
    • Qualification for individual disability income insurance benefits
    • Qualification for individual disability income insurance benefits > Own occupation and any occupation
    • Effect of preexisting conditions on disability eligibility
  • 12.0 Medical Plans (6%)
    • 12.1 General
    • Difference between insureds and subscribers/participants
    • Methods by which insurers control health care costs
    • Methods by which insurers control health care costs > Coinsurance
    • Methods by which insurers control health care costs > Copayments
    • Methods by which insurers control health care costs > Deductibles
    • Characteristics of HMOs, PPOs, EPOs, and POS
    • Characteristics of HMOs, PPOs, EPOs, and POS > Provider network
    • Characteristics of HMOs, PPOs, EPOs, and POS > Out of network
    • Characteristics of HMOs, PPOs, EPOs, and POS > Primary care
    • Characteristics of HMOs, PPOs, EPOs, and POS > Specialist
    • Characteristics of HMOs, PPOs, EPOs, and POS > Utilization review
    • Characteristics of HMOs, PPOs, EPOs, and POS > Prepaid
    • Characteristics of HMOs, PPOs, EPOs, and POS > Fee for service
    • Characteristics of HMOs, PPOs, EPOs, and POS > Expense based
    • Methods of cost containment
    • Methods of cost containment > Utilization review (44-5416 to 44-5431)
    • Methods of cost containment > Preventive care
    • Methods of cost containment > Second opinion
    • Methods of cost containment > Hospital outpatient benefits
    • Methods of cost containment > Urgent care centers
    • Characteristics of major medical plans
    • Characteristics of excepted benefit plans
    • Marketplace to customize suitable insurance plans for businesses and individuals
    • Types of excepted (limited) benefit plans
    • Types of excepted (limited) benefit plans > Accident only
    • Types of excepted (limited) benefit plans > Accidental death and dismemberment
    • Types of excepted (limited) benefit plans > Critical illness
    • Types of excepted (limited) benefit plans > Hospital indemnity
    • Types of excepted (limited) benefit plans > Vision and hearing
    • Characteristics of Flexible savings accounts (FSAs), Health savings accounts (HSAs),
    • Health reimbursement accounts (HRAs), High Deductible Health Plans (HDHPs)
    • 12.2 Affordable Care Act (ACA)
    • Eligibility requirements
    • Patient protections
    • Patient protections > No lifetime limits/annual limits
    • Patient protections > Guaranteed issue
    • Patient protections > Pre-existing conditions
    • Patient protections > Preventive care without cost sharing
    • Patient protections > Dependent age
    • Patient protections > Appeal rights
    • Patient protections > Maternity coverage
    • Patient protections > Newborn coverage
    • Patient protections > No rescission
    • Patient protections > Emergency care
    • Enrollment periods
    • Definition of qualified health plan
    • Ten Essential Benefits
    • Ten Essential Benefits > 1. Ambulatory patient services
    • Ten Essential Benefits > 2. Emergency Services
    • Ten Essential Benefits > 3. Hospitalization
    • Ten Essential Benefits > 4. Pregnancy, maternity, and newborn care (both before and after birth)
    • Ten Essential Benefits > 5. Mental health and substance use disorder services, including behavioral health treatment (this includes counseling and psychotherapy)
    • Ten Essential Benefits > 6. Prescription drugs
    • Ten Essential Benefits > 7. Rehabilitative and habilitative services and devices (services and devices to help people with injuries, disabilities, or chronic conditions gain or recover mental and physical skills)
    • Ten Essential Benefits > 8. Lab results
    • Ten Essential Benefits > 9. Preventive and wellness services and chronic disease management
    • Ten Essential Benefits > 10. Pediatric services, including oral and vision care
    • Rate setting factors
    • Rate setting factors > Geographic rating area
    • Rate setting factors > Family composition
    • Rate setting factors > Age
    • Rate setting factors > Tobacco use
    • Non-discrimination
    • Types of ACA plans
    • Types of ACA plans > Metal levels
    • Types of ACA plans > Catastrophic
    • Premium tax credits and subsidies
    • Federal versus state exchange/marketplace
    • Requirements for continuation of individual coverage, special enrollment period, and loss of minimum essential coverage
    • Events that lead to termination of coverage
    • 12.3 Mental Health Parity and Addiction Equity Act (MHPAEA)
    • Purpose of Mental Health Parity and Addiction Equity Act
  • 13.0 Group Plans (6%)
    • 13.1 General
    • Blanket policy
    • No loss/no gain statutes
    • Group underwriting (44-760)
    • General characteristics of group plans
    • General characteristics of group plans > Group contract, certificate of coverage
    • General characteristics of group plans > Experience versus community rating
    • General characteristics of group plans > Conversion (44-1613; 44-32, 44-130)
    • General characteristics of group plans > Contributory versus non-contributory
    • Types of eligible groups
    • Types of eligible groups > Individual employer groups
    • Types of eligible groups > Multiple-Employer Trusts/Welfare Arrangements
    • Types of eligible groups > Associations
    • Coverage eligibility
    • Coverage eligibility > Open enrollment
    • Coverage eligibility > Waiting periods
    • Coverage eligibility > Part-time employees
    • Coverage eligibility > Dependent/spousal coverage
    • Coverage eligibility > Disabled children
    • Small group and large group eligibility and renewability (44-5259, 44-5253)
    • Types of funding and administration
    • Types of funding and administration > Self-funded versus insured
    • Federal regulations of employer group insurance plans
    • Federal regulations of employer group insurance plans > Applicability
    • Federal regulations of employer group insurance plans > Fiduciary responsibilities
    • Federal regulations of employer group insurance plans > Effects on contributions
    • Federal regulations of employer group insurance plans > Reporting and disclosure requirements
    • Federal regulations of employer group insurance plans > ERISA
    • Eligibility and the benefits of continuation under COBRA (44-1640 to 44-1645)
    • Events that lead to termination of coverage
  • 14.0 Dental Insurance (2%)
    • 14.1 General
    • Indemnity plans, PPO/HMO dental plans, prepaid dental plans
    • Stand-alone dental plan (SADPs)
    • Types of dental treatment/service categories
    • Types of dental treatment/service categories > Endodontics
    • Types of dental treatment/service categories > Orthodontics
    • Types of dental treatment/service categories > Periodontics
    • Types of dental treatment/service categories > Prosthodontics
    • Types of dental treatment/service categories > Restorative care
    • Types of dental treatment/service categories > Oral surgery
    • Types of dental treatment/service categories > Diagnostic and preventive
    • Types of dental treatment/service categories > Basic and major
    • The role of the federal health insurance marketplace in dental insurance
    • Cost sharing
    • Cost sharing > Deductibles
    • Cost sharing > Coinsurance
    • Cost sharing > Copay
    • 14.2 Group Plans
    • Characteristics of employer group dental insurance
    • Minimizing adverse selection
    • Integrated deductibles
  • 15.0 Insurance for Senior Citizens and Individuals with Special Needs (5%)
    • 15.1 Long-Term Care
    • Continuing Education Requirements - Guidance Document F3
    • Coverage eligibility
    • Coverage eligibility > Underwriting
    • Coverage eligibility > Preexisting conditions
    • Coverage eligibility > Exclusions (210 Nebraska Administrative Code Ch. 46 § 006(006.02))
    • Coverage eligibility > Free look (44-3608; 210 Nebraska Administrative Code Ch. 36 § 017(017.01E))
    • Coverage eligibility > Guaranteed renewability
    • Elimination and benefit periods
    • Policy options
    • Policy options > Inflation protection
    • Policy options > Guarantee of insurability
    • Policy options > Return of premium
    • Policy options > Nonforfeiture options
    • Policy options > Waiver of premium
    • Benefit triggers
    • Benefit triggers > Activities of daily living
    • Benefit triggers > Cognitive impairment
    • Coverages
    • Coverages > Home healthcare (210 Nebraska Administrative Code Ch. 46 § 005(005.10), § 010)
    • Coverages > Hospice
    • Coverages > Assisted living (210 Nebraska Administrative Code Ch. 46 § 005(005.21))
    • Coverages > Adult daycare (210 Nebraska Administrative Code Ch. 46 § 005(005.02))
    • Coverages > Respite care
    • Purpose and levels of care
    • Purpose and levels of care > Skilled
    • Purpose and levels of care > Intermediate
    • Purpose and levels of care > Custodial
    • Cancellations or unintentional lapses
    • Required disclosures
    • Required disclosures > Outline of coverage (44-3607; 210 Nebraska Administrative Code Ch. 36 § 017(017.03))
    • Required disclosures > Shopper’s guide (210 Nebraska Administrative Code Ch. 46 § 027)
    • Trusted contacts (secondary addressee)
    • Potential future rate increases and cost of living adjustments
    • 15.2 Medicaid
    • Medicaid benefits
    • Medicaid eligibility requirements
    • The effects of the expansion of Medicaid benefits on long-term care and prescription drugs
    • 15.3 Medicare
    • Medicare eligibility requirements
    • Role of primary and secondary insurance
    • Effects of employer group health plans on employees with disabilities and employees over 65
    • Effects of employer group health plans on employees with disabilities and employees > Part A: Hospital Insurance eligibility, enrollment, coverage, and exclusions
    • Effects of employer group health plans on employees with disabilities and employees > Part B: Medical Insurance eligibility, enrollment, coverage, and exclusions
    • Effects of employer group health plans on employees with disabilities and employees > Part C: Medicare Advantage Plans eligibility, enrollment, coverage, and exclusions
    • Effects of employer group health plans on employees with disabilities and employees > Part D: Prescription Drug Plans eligibility, enrollment, coverage, and exclusions
    • 15.4 Medicare Supplements
    • Eligibility and enrollment (210 Nebraska Administrative Code Ch. 36 § 011)
    • The purpose of Medicare Supplement Insurance (210 Nebraska Administrative Code Ch. 36 § 001)
    • Standardized Medicare supplement plans and core benefits (210 Nebraska Administrative Code Ch. 36 § 009)
    • Policy requirements
    • Policy requirements > Free-look (44-3608; 210 Nebraska Administrative Code Ch. 36 § 017(017.01E))
    • Policy requirements > Pre-existing conditions (44-4513(2, 3))
    • Medicare Supplement Replacement
    • Medicare Supplement Replacement > Re-entry following Medicare Advantage
    • Medicare Supplement Replacement > Pre-existing conditions
    • Medicare Supplement Replacement > Waiting periods
  • 16.0 Federal Tax Considerations for Sickness and Accident Insurance (2%)
    • 16.1 Premiums and Benefits
    • Tax treatment of premiums and benefits for sole proprietors, partners, and limited liability corporations
    • Tax treatment of premiums and benefits for employer group insurance
    • Tax treatment of premiums and benefits for employer group insurance > Medical
    • Tax treatment of premiums and benefits for employer group insurance > Disability income
    • Tax treatment of premiums and benefits for individual coverages
    • Tax treatment of premiums and benefits for individual coverages > LTC
    • Tax treatment of premiums and benefits for individual coverages > Medical expense
    • Tax treatment of premiums and benefits for individual coverages > Health insurance
    • Tax consideration for Flexible spending accounts (FSAs), Health savings accounts (HSAs), and Health reimbursement accounts (HRAs)
    • 16.3 Disability
    • Tax considerations for disability insurance for personally-owned and employer/group health insurance
    • Tax considerations for Social Security Disability and Workers Compensation
    • Tax considerations for business disability insurance
    • Tax considerations for business disability insurance > Key person
    • Tax considerations for business disability insurance > Buy-sell policy
Examination sources