Nebraska Department of Insurance Licensing Division at (402) 471-4913 Or at [email protected]

INTRODUCTION

NEBRASKA Department of Insurance

Licensing Information Handbook Effective as of October 1, 2019

Published by Prometric Providing License Examinations for the State of Nebraska

REVISED 01222020

Contents

Introduction 3 Series 13-01 ...... 22 A Message from the Department ...... 3 Nebraska Producer's Examination for Accident and Health or Sickness Insurance ...... 24 Overview of Licensing Process ...... 3 Series 13-02 ...... 24 Nebraska License Requirements 5 Nebraska Producer's Examination for Life and Types of Licenses ...... 6 Annuities, Accident and Health or Sickness Insurance ...... 28 Requirements Based on Residence ...... 6 Series 13-03 ...... 28 Resident Licensing Requirements ...... 6 Nebraska Producer's Examination for Property Nonresident Licensing Requirements ...... 6 and Casualty Insurance ...... 32 New Resident Licensing Requirements ...... 7 Series 13-04 ...... 32 Scheduling Your Exam 8 Nebraska Consultant's Examination for Life and Annuities, Accident and Health or Sickness Registering and Scheduling Information ...... 8 Insurance ...... 36 Online ...... 8 Series 13-07 ...... 36 By Fax or Mail ...... 8 Nebraska Consultant's Examination for Property By Phone ...... 9 and Casualty Insurance ...... 43 Reschedule and Cancellation ...... 9 Series 13-08 ...... 43 Test Centers ...... 9 Nebraska Producer's Examination for Crop Nebraska ...... 9 Insurance ...... 46 Test Centers ...... 9 Series 13-09 ...... 46 Holidays ...... 9 Nebraska Public Adjuster Examination Series Emergency Closings ...... 9 13-10 ...... 47 Testing Accommodations ...... 11 Nebraska Producer's Examination for Motor Club ...... 49 Preparing for Your Exam 12 Series 13-13 ...... 49 Study Materials ...... 12 Nebraska Producer's Examination for ...... 49 Content Outlines Overview ...... 12 Title Insurance...... 49 Practice Exams ...... 13 Series 13-16 ...... 49 Nebraska Producer's Examination for Personal Taking Your Exam 14 Lines Insurance ...... 51 Testing Process ...... 14 Series 13-21 ...... 51 Test Center Regulations ...... 14 Nebraska Producer's Examination for Property Question Types ...... 16 Insurance ...... 52 Experimental Questions ...... 16 Series 13-22 ...... 52 Exam Results ...... 16 Nebraska Producer's Examination for Casualty Appeals Process ...... 17 Insurance ...... 55 Series 13-23 ...... 55 Applying for Your License 18 Nebraska Producer's Examination for Funeral Applying for Your License ...... 18 Insurance ...... 57 Duration of License ...... 18 Series 13-24 ...... 57 Agency Licensing ...... 18 Nebraska Viatical Life Settlement Examination Obtaining an Appointment ...... 19 ...... 58 Continuing Education ...... 19 Series 13-26 ...... 58 Request for Changes ...... 21 Exam Registration Form 60 Exam Content Outlines 22 Credit Card Payment Form 61 Nebraska Producer's Examination for Life and Annuities Insurance ...... 22

NEBRASKA DEPARTMENT OF INSURANCE Introduction

A Message This handbook provides you with information about the process for becoming from the licensed as an insurance producer, consultant, or public adjuster by the Nebraska Department of Insurance (referred to as “the Department” in this bulletin). It also Department contains information that is useful after you become licensed. We suggest you keep it for future reference.

Once the Department is satisfied that you have met all requirements for a license, the appropriate license will be issued. We remind you that by law you are required to continue your insurance education after becoming licensed. An insurance license can open up the world of insurance for you—a world filled with satisfying and rewarding opportunities. Remember, however, that a license is a privilege, not a right or a gift. You must commit yourself from the beginning to comply with the laws and regulations set forth to regulate the insurance industry.

Overview of This handbook provides information about the examination and licensing process for Licensing obtaining a resident insurance license. You should read this Licensing Handbook including the examination content outlines prior to taking an exam. If interested in Process applying for a nonresident license, you can apply online via NIPR at www.nipr.com or an NIPR authorized business partner. Follow these main steps if you are interested in obtaining an insurance license. Licensing Process  Follow these main steps if you are interested in obtaining an insurance license.

1 Review this bulletin thoroughly to determine exams needed, if any, and other license requirements.

2 Contact Prometric to register and pay for your exam and to schedule an appointment to take it. The easiest way to register is online at www.prometric.com/nebraska/insurance.

3 Prepare for your exam, using this bulletin and other materials. The content outlines in this guide are the basis for the exams.

4 Take the scheduled exam, bringing your required identification to the test center. You will receive your results immediately after the exam. If you pass, go on to step 5. If you do not pass, repeat steps 2 through 4.

5 Apply for the license via NIPR at www.nipr.com or complete and send the license application form, any other required information, plus the correct fees to the Nebraska Department of Insurance. Forms can be found at https://doi.nebraska.gov/producers/license.

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To get answers not provided in this bulletin  Visit our Website: www.prometric.com/nebraska/insurance

LICENSING INFORMATION Nebraska Department of Insurance P. O. Box 82089 Lincoln, NE 68501-2089 Tel. (402) 471-4913 Website: www.doi.nebraska.gov

QUESTIONS ABOUT EXAMINATION Prometric Website: www.prometric.com/nebraska/insurance

Tel: (800) 853-4753 Fax: (800) 347-9242 TDD User: (800) 790-3926

4 NEBRASKA DEPARTMENT OF INSURANCE Nebraska License Requirements

This section describes: • The types of licenses offered and their requirements. • Licensing requirements based on residence. The State of Nebraska issues several types of insurance licenses in accordance with Nebraska statutes and regulations. Each license granted by the Department is valid only for the line of authority named on the license.

The Department grants the following types of licenses: • A producer is an individual who is required to be licensed under the laws of this state to sell, solicit, or negotiate insurance. • A consultant is any individual who, for a fee, engages in the business of offering to the public any advice, counsel, opinion or service with respect to insurable risks, or concerning the benefits, coverages or provisions under any policy of insurance that could be issued in this state; or involving the advantages or disadvantages of any such policy of insurance, or any formal plan of managing pure risk. • An agency is a partnership, unincorporated association or corporation transacting or doing business with the public or insurance companies as an insurance producer. • A public adjuster is an individual who, for compensation, does any of the following: (a) acts for or aids an insured in negotiating for or effecting the settlement of a first-party claim for loss or damage to real or personal property of the insured; (b) Advertises for employment as a public adjuster of first-party claims or otherwise solicits business or represents to the public that the person is a public adjuster of first-party claims for loss or damage to real or personal property of an insured; or (c) Directly or indirectly solicits the business of investigating or adjusting losses or of advising an insured about first-party claims for loss or damage to real or personal property of the insured. • A public adjuster agency is a corporation, association, partnership, limited liability company, limited liability partnership, or any other legal entity acting as a public adjuster in the state.

Prior to obtaining an agent, consultant, or public adjuster license (except those applying for Limited Line Credit, Variable Contracts, Insurance or Surplus Lines), you must pass an examination by the Department. The following table lists licenses and the exam (if any) that must be passed for each license line.

Important Passing an exam does not guarantee that you will be issued a license. Issuance of a license depends on review and approval of all license ✓ application materials.

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License Type Insurance License Name Exam Series Types of Producer Casualty 13-23 Licenses Producer Property 13-22 Producer Property and Casualty 13-04 Producer Personal Lines 13-21 Producer Life and Annuities 13-01 or 13-03 Producer Sickness, Accident and Health 13-02 or 13-03 Producer Title 13-16 Producer Crop/Hail 13-09 Producer Motor Club* 13-13 Producer Prepaid Legal No exam required Producer Credit No exam required Producer Variable Contracts** No exam required Producer Surplus Lines Licensee*** No exam required Consultant Life and Annuities, Accident and Health or Sickness 13-07 Consultant Property and Casualty 13-08 Producer Funeral 13-24 Producer Viatical Settlements 13-25 Public Adjuster Public Adjuster 13-10 *No exam is required if the applicant has completed an authorized Motor Club Training Course. **Variable Contract applicants must hold a Life Insurance and Annuities License, or apply concurrently for these licenses, and submit a copy of the NASD Series 6 and 63, or 7 and 66 passing examination scores. ***Surplus Lines Licensee applicants must hold a resident Producer License.

This section describes licensing requirements for applicants who currently live in Requirements Nebraska, for nonresidents, and for those who are moving to Nebraska. Based on Resident Licensing Requirements Residence Nebraska residents desiring any type of insurance license must: • Be at least 18 years old; • Be competent, trustworthy, financially responsible and have a good personal and business reputation; • Maintain a principal place of residence in Nebraska; and Successfully complete a written examination to determine competence to act as a licensed agent in those lines of insurance for which such applicant desires to become licensed. Nonresident Licensing Requirements If you are not a Nebraska resident and wish to apply for a Nebraska Nonresident License, you may apply as a nonresident online at www.nipr.com or download an NAIC Uniform Application from the Department’s website at www.doi.nebraska.gov. Otherwise, you may contact the Department to determine the appropriate procedures, fees and requirements.

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New Resident Licensing Requirements If you are a nonresident and wish to change your resident license to Nebraska, you must first change the status of your previous resident license. After you receive notification that the former state has changed your status, you must submit the Nebraska Resident Producer License application (found online at www.doi.nebraska.gov) and the appropriate application fee to the Department. Generally, a Letter of Clearance is not required. You have 90 days to apply for a resident Nebraska license without having to take the exam.

Important If you were previously licensed, but your license has been in an inactive status for more than 12 months, you must pass the appropriate exams to ✓ become actively licensed as a resident again.

7 NEBRASKA DEPARTMENT OF INSURANCE Scheduling Your Exam

Registering Prometric provides computerized testing through its multistate testing network. You and may take the exam at any Prometric test center in the United States. Follow the instructions here to register and schedule an appointment. Scheduling Testing Accommodations. If you require an Americans with Disabilities Act (ADA) Information accommodation(s) or English as Second Language (ESL) additional time, see the “Testing Accommodations” section below.

*Effective January 27, 2020 Nebraska Insurance has migrated to a new Registration and Scheduling page within Prometric’s Candidate Management System.

Online  Register and schedule online—it saves time and it’s easy!

You can easily register and schedule your exam online at any time using our Internet Registration Service by going to:

1 http://www.prometric.com/nebraska/insurance. 2 Click on Create or Login to Your Account to register. a. You will be able to schedule any Nebraska Insurance examination that you are eligible to test on (all eligible exams will be listed). 3 Click on Schedule Your Test and follow the prompts. a. You will need to create or login to your account and schedule any Nebraska Insurance examination that you are eligible to test on.

By Fax or Mail You may fax the completed Exam Registration Form found at the end of this handbook to Prometric to. You must also include the completed Credit Card Payment Form (Visa, MasterCard or American Express). The cardholder’s signature must be on the Form.

You may mail the completed Exam Registration Form and the appropriate exam fee to the address on the form. When registering by mail, you may pay the exam fee by Visa, MasterCard or American Express. Personal checks and cash are not accepted.

If paying by credit card, you must also include the completed Credit Card Payment Form (Visa, MasterCard or American Express). The cardholder’s signature must be on the form including a Visa, MasterCard or American number.

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By Phone If you are unable to schedule online, you may schedule the examination by calling (800) 853-4753 between 8 a.m. and 9 p.m. (Eastern Time), Monday through Friday, and between 10 a.m. and 3 p.m. (Eastern Time), Saturday and Sunday. Please have your exam information and credit card information for payment available. Reschedule and Cancellation To reschedule or cancel your existing exam appointment, you must contact Prometric 24 hours prior to the exam appointment date in order to avoid forfeiting your exam fee. If you need to reschedule, cancel or confirm your appointment, please go to http://www.prometric.com/nebraska/insurance .

After you cancel your exam, you must initiate a refund by going to https://fs6.formsite.com/Prometric/form33/index.html and completing the refund form.

Prometric will review refund requests and email decisions to you within 7-10 business days of receipt unless further research and/or documentation are required. Prometric reserves the right to request documentation to support any illness or emergency claim. Refund requests made via phone will not be accepted.

If you change or cancel your appointment without proper notice, you will forfeit your examination fee(s). If absent or late for your appointment

If you miss your appointment, or arrive late and are not allowed to test, you will forfeit your exam fee(s).

Test Centers You may take the exam at any Prometric test center in the United States. Test center locations are subject to change. Be sure to verify the address of and directions of the test center before you leave for the exam. Nebraska Test centers that might be most convenient in Nebraska include: Test Centers Test Sites Omaha, NE Scottsbluff, NE Lincoln, NE 11225 Davenport Street 2620 College Park 5715 South 34th Street Suite 106 Room 117 Suite 300 Omaha, NE 68154 Scottsbluff, NE 69361 Co-located with Sylvan Lincoln, NE 68516

Kearney, NE Hays, KS Sioux City, IA 1615 West 24th Street 701 Park Street 4647 Stone Ave C-106 Picken Hall Room 117A Western Iowa Comm. Kearney, NE 68849 Hays, KS 67601 College Sioux City, IA 51106

Holidays Testing generally does not occur on federal holidays. Additional state holidays may be observed in the state where your schedule the exam appointment. Emergency Closings Severe weather or an emergency could require canceling scheduled exams. If this occurs, Prometric will attempt to contact you by phone; however, you may check for

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testing site closures by checking our website at https://www.prometric.com/en-us/pages/siteclosure.aspx or calling Prometric at (866) 370-3411. If the site is closed, the exam will be rescheduled without a rescheduling fee.

If a test center is open for testing and you choose not to appear for the appointment, you will forfeit the exam fees and must reschedule and pay another exam fee.

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Testing ADA Accommodation. Reasonable testing accommodations are provided to allow Accommodations candidates with documented disabilities recognized under the ADA an opportunity to demonstrate their skills and knowledge. Prometric makes every effort to provide reasonable testing accommodations that enable all test takers to take examinations.

If you require testing accommodations under the Americans with Disabilities Act (ADA), please complete and submit a Testing Accommodation Request Form online at https://www.prometric.com/en-us/for-test-takers/prepare-for-test- day/pages/arrange-testing-accommodations.aspx, or contact Prometric at (888) 226-9406 to obtain an Accommodation Request Form. Professional documentation of the disability must be submitted with the Accommodation Request Form to aid Prometric in determining the appropriate testing accommodations. Thirty days’ advance notice is required for all testing arrangements. There is no additional charge for these accommodations.

ESL Accommodation. All examinations are given in English. If English is not your primary language, you may qualify for additional time for the test by requesting an ESL Authorization from Prometric. To request an ESL authorization, please submit : • A personal letter requesting the authorization; and • A letter from the English instructor or sponsoring company (on company letterhead), certifying that English is not your primary language.

Please fax documents to 800.347.9242 and allow three (3) days for processing. If your request is approved, Prometric may extend the time limit on your examination to time-and-one-half or 150% of the normal time limit. Prometric will inform you by mail whether your request for accommodation is approved. You should not schedule your exam until you have received the confirmation email. Exams scheduled before the ESL request has been approved will not include extra time.

11 NEBRASKA DEPARTMENT OF INSURANCE Preparing for Your Exam

• Being well prepared can help you pass the exam and save time and possibly money spent retaking it. This section offers: • Information about study materials. • An overview of the exam content outlines. • An explanation of how to take a practice exam. Study Materials Not all questions on the exams will necessarily be covered in your study materials. The content outlines are updated periodically, and outdated study materials may not be consistent with them. Where such discrepancies exist, the outlines take precedence. Make sure your study materials cover the topics in the outlines.

You are free to use materials of your own choosing to prepare for the license exam. Manuals have been prepared by different publishers to assist candidates specifically in preparing for license exams. Because of the number and the diversity of approach of these publications, neither the Department nor Prometric reviews or approves study materials. Nebraska Statutes. The exams contain sections on Nebraska statutes. In addition to your study material, you may want to consult a standard statute reference, generally available at any public or law library.

Content The license examination for each type of license consists of questions that test knowledge of topical areas listed in the content outline for that exam. An overview Outlines of each examination content outline appears in this bulletin, beginning on page 22. Overview You can view a complete outline specific to your examination online at https://www.prometric.com/en-us/clients/insurance/Pages/ne-content- outlines.aspx.

Note Do not sit for your exam until you are familiar with all subject areas in the applicable content outline.

Licenses for the major lines such as: Life Insurance and Annuities; Accident and Health or Sickness; or Property and Casualty are attained by passing a comprehensive exam.

Each exam will cover the Nebraska statutes and general principles sections, as well as the specific content for each line. Be sure to review the appropriate exam content outline to determine what topics are covered in the comprehensive exams.

Important The result of the combination Life and Annuities; Accident and Health or Sickness exam is reflected in one score. You must pass the complete ✓ exam to qualify for a license.

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Practice Exams To take a practice exam, select or copy link below to your browser: https://www.prometric.com/en-us/clients/insurance/Pages/practice- exam.aspx.

While practice exams contain general, nonstate-specific insurance questions, they are created in the same format and use the same question types as the actual licensure exams. Practice exams will also help you become familiar with the computer-based testing process. During the practice exam, you will get immediate feedback to correct and incorrect responses as well as overall feedback at the end of the session just as you would during the actual exam. Practice exams are available for: • (LIPA) Life Insurance Producer/Agent Practice Exam in English only • (HIPA) Health Insurance Producer/Agent Practice Exam in English only • (PIPA) Property & Casualty Insurance Producer Practice Exam in English only

There is no cost to take Prometric Practice Exams!

13 NEBRASKA DEPARTMENT OF INSURANCE Taking Your Exam

Knowing what to expect when taking the exam may help you prepare for it. This section contains: • An overview of the testing process. • Regulations that will be enforced at the testing center. • Information about the types of questions on the exam. • A guide to understanding the exam results. • Information about appeals.

Testing The exam will be administered by computer but you do not need any computer Process experience or typing skill to take the exam. Arrival. You should arrive at least 30 minutes before your scheduled exam appointment. This allows time for you to sign in, have your photo taken, and for staff to verify your identification. Identification required. You must present a valid form of identification before you can test. The identification document must: • Be government-issued (e.g., driver’s license, state-issued identification card, passport or military identification card). • Contain both a current photo and your signature (if not you must present two identification cards: one with your photo and one with your signature). Have a name that exactly matches the name used to register for the exam (including designations such as “Jr.” and “III”).

Important Failure to provide appropriate identification at the time of the exam is considered a missed appointment. As a result, you will be required to pay ✓ another full examination fee before making another appointment. If you cannot provide the identification listed above, contact Prometric before scheduling the appointment to arrange an alternative way to meet this requirement.

Test Center Copyrighted questions. All test questions are the property of Prometric and are Regulations protected by copyright. Federal law provides severe civil and criminal penalties for the unauthorized reproduction, distribution, or exhibition of copyrighted materials.

To ensure that all candidates are tested under similar conditions, the following regulations and procedures will be enforced at each test center. Failure to follow any of these security procedures may result in your being disqualified from taking an examination.

1 While in the test center, you will be continuously monitored by video. During your examination, you will also be monitored by physical walk-throughs and through an observation window. All testing sessions are video and audio recorded. 2 You must present valid (unexpired) and acceptable ID(s) in order to take your test. (See “Identification required” in the previous section).

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3 You will be scanned with a metal detector wand prior to every entry into the test room. If you refuse, you cannot test. 4 You will be required to raise your pants legs above your ankles, empty and turn all pockets inside-out and raise shirt sleeves above your wrists prior to every entry into the test room. 5 If you are wearing eyeglasses, you will be required to remove them for visual inspection to ensure they don’t contain a recording device. Large jewelry items must be stored in your locker due to concerns over concealed recording devices. 6 You must sign the test center roster each time you leave the test room. You must also sign back in and show your ID to the Test Center Administrator (TCA) in order to re-enter the test room. 7 You are prohibited from communicating, publishing, reproducing, or transmitting any part of your test, in any form or by any means, verbal or written, for any purpose. 8 You must not talk to other candidates or refer to their screens, testing materials, or written notes in the test room. 9 You must not use written notes, published materials, or other testing aids. 10 You are allowed to bring soft ear plugs or center-supplied tissues into the test room. 11 Any clothing or jewelry items allowed to be worn in the test room must remain on your person at all times. Removed clothing or jewelry items must be stored in your locker. 12 You must not bring any personal/unauthorized items into the testing room. Such items include but are not limited to outerwear, hats, food, drinks, purses, briefcases, notebooks, pagers, watches, cellular telephones, recording devices, and photographic equipment. Weapons are not allowed at any Prometric test center. You will be asked to empty and turn your pockets inside out prior to every entry into the test room to confirm that you have no prohibited items. 13 You must return all materials issued to you by the test center administrator (“TCA”) at the end of your test. 14 You are not allowed to use any electronic device or phone during breaks. 15 If you have a medical condition that may require you to access food or medicine during your exam session, you must store those items separately from other items you place in the test center locker. You must inform the TCA before you retrieve the food or medicine, and the TCA will observe you obtaining the item from the locker. You are not allowed to access any item other than food or medicine needed for a medical reason. 16 You must conduct yourself in a civil manner at all times when on the premises of the test center. Exhibiting abusive behavior towards the TCA or any other staff member of the test center may result in examination disqualification and criminal prosecution. Failure to follow any of these security procedures may result in the disqualification of the examination. Prometric reserves the right to audio and videotape any examination session.

For more information on Prometric test center regulations, please visit: www.prometric.com/en-us/for-test-takers/prepare-for-test- day/documents/TestCenterRegulations.pdf

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Please note: Test center administrators are not allowed to answer any questions pertaining to the exam content. If you do not understand a question on the examination, you should answer the question to the best of your ability.

The examination contains four-option multiple choice questions. These questions are Question Types designed to be as clear and concise as possible while testing knowledge and comprehension of insurance concepts as well as the application of the insurance concepts. The design of the exam ensures that those who possess the required knowledge of the specific insurance line of authority being tested should perform well on the examination for which they prepared. Question Formats. Three different multiple-choice formats are used. Each format is shown in the following examples. An asterisk (*) indicates the correct answer in each sample question.

Format 1—Direct Which one of the following is a type of health insurance policy designed to replace question the wages of an insured that is unable to work due to an accident or sickness? * 1. Disability Income Insurance Policy 2. Employer-Sponsored Group Major Medical Policy 3. Hospital Expense Insurance Policy 4. Special Risk Policy

Format 2— Benefits under workers’ compensation insurance are payable: Incomplete 1. For bodily injury that is accidental or intentional sentence * 2. Regardless of the liability of the employer 3. Unless safety rules are violated 4. Up to a maximum of 30 percent of weekly wages

Format 3—All of A life insurance policy may include provisions that do all of the following EXCEPT: the following 1. Restrict coverage if death is caused by suicide except 2. Require evidence of insurability to reinstate coverage * 3. Extend the contestable period beyond two years 4. Adjust proceeds if the insured’s age is misstated on the application

The examination may include some experimental questions that will not be scored. If Experimental present, they are distributed throughout the examination and will not be identified as such. These are used to gather statistical information on the questions before Questions they are added to the examination as scored items. These experimental questions will not be counted for or against you in the final examination score.

You will be helping us help future test takers by completing 5 experimental test questions in your exam. We plan to use the experimental questions on future exams based on your performance.

The questions will:

• be randomly distributed within your test

• will not be counted in your final score

• time spent on the question will not be deducted from your test time

At the end of the exam, the score will be shown on the screen and you will receive a Exam Results printed score report. The report indicates the overall score and grade, including the numerical percentage of questions answered correctly and whether you passed or failed.

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The report also displays the correct percentage in each major section of the exam, as defined by the exam content outline. These section scores are shown to guide you, or your employer and/or trainer, about areas requiring additional preparation for retesting if you do not pass the exam. Even after you pass, you may want to focus on these areas as you begin to provide insurance products and services to the public. Sample Score Report Score Report for Sample, Sarah A.

Nebraska Producer Life Examination Number of Number Percent Questions Correct Correct Life Total Test Score 100 80 80% Insurance Regulation 11 8 73% General Insurance 10 8 80% Life Insurance Basics 18 14 78% Life Insurance Policies 21 17 81% Life Insurance Provisions, Options and Riders 15 13 87% Annuities 13 10 77% Tax Considerations 7 6 86% Qualified Plans 5 4 80% Score: 80% Grade: Pass (A total score of 70 percent is required to pass)

Note that the section percentages will not average out to the total percentage score. That is because individual exam outline sections are allocated different numbers of questions on the exam. The total percentage score is computed by dividing the number of questions you answered correctly by the total number of questions in the exam. Adding the section percentages and dividing by the total number of sections do not compute the total score.

Prometric electronically notifies DOI of exam results within 48 hours of passing the exam. Note that exam scores are confidential and will be revealed only to you and DOI. Duplicate score report. You may call or write to Prometric to request a duplicate of your score report for a period of one year after an exam. There is no fee for this service.

Appeals Prometric’s goal is to provide a quality examination and a pleasant testing Process experience for every candidate. If you would like to submit an appeal concerning examination content, registration, scheduling or test administration (testing site procedures, equipment, personnel, etc.), please submit an appeal by visiting www.prometric.com/contactus and clicking on “Request an Appeal”.

Once submitted you will receive an email response within 20 days indicating whether your appeal has been approved.

17 NEBRASKA DEPARTMENT OF INSURANCE Applying for Your License

This section offers information about: • Applying for your license. • Obtaining an appointment. • Continuing education requirements. • Request for information changes. Applying for After successfully completing the appropriate qualifying exam, you must apply for Your License your license. You must apply and be issued a Nebraska insurance license in order to sell, solicit, negotiate, or adjust insurance in the state of Nebraska. Please allow 2-3 days for the exam results to be transmitted to the Nebraska Department of Insurance before applying on-line at www.nipr.com or you can download the application at www.doi.nebraska.gov/producers/license.

If you have any questions regarding the license application process, please contact the Nebraska Department of Insurance Licensing Division at (402) 471-4913 or at [email protected]

Important Passing an exam does not guarantee that you will be issued a license. You must submit all application materials and fees to the Department ✓ within one year of passing your exam. Issuance of a license depends on review and approval of all license application materials.

Duration of License Initial individual licenses are issued to expire the last day of the month in the licensee’s birth month in the first year after issuance in which the licensee’s age is divisible by two. Therefore, individuals born in even-numbered years renew their license in their birth month in the even-numbered years, and individuals born in odd-numbered years renew their license in their birth month in the odd- numbered years. The first renewal of any license will be based on the above information and is not pro-rated based on the issue date of the license. Agency Licensing Any partnership, unincorporated association, or corporation transacting or doing business with the public or insurance companies as an insurance producer or public adjuster is required to obtain an insurance agency license. The business entity must designate a licensed producer who will be responsible for the business entity’s compliance with the insurance laws, rules and regulations of the state. No agency shall pay any commission to anyone other than a licensed producer and no licensed producer shall assign any commissions to any unlicensed agency.

A sole proprietorship is not required to obtain an insurance agency license unless it falls within the agency definition or holds itself, herself or himself out to be an insurance agency.

To obtain an insurance agency license, complete and submit the NAIC Uniform Application for Business Entity Insurance License/Registration, together with the appropriate license fee, to the Department. To obtain a public adjuster agency license, complete and submit the NAIC Uniform Application for Business Entity

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Adjuster License/Registration, together with the appropriate license fee, to the Department. Agency licenses can be applied for on-line at www.nipr.com or you can download the application at www.doi.nebraska.gov/producers/license.

Obtaining an An individual shall not act as an agent unless that person is duly licensed in Appointment Nebraska. An agent must not make application for, solicit applications for or procure any policies for any kind of insurance for which that agent is not licensed and appointed by an insurance company.

Only licensed producers may be appointed; insurance agencies may not be appointed. To appoint a producer, the appointing company must process online at www.nipr.com The company will be billed for the fees.

The insurer shall file the appointment within 15 days from the date the agency contract is executed or the first insurance application is submitted. The individual must already hold a valid agent’s license in the line or lines for which the insurer is requesting an appointment.

Continuing All Nebraska resident producers, consultants, and adjusters must meet continuing Education education requirements. Courses must relate to the kinds of insurance that the individual is licensed to solicit and be completed every two years, beginning from the birthday when your age is divisible by two and due two years from that date.

New licensees may begin earning credit hours upon issuance of the license. Failing to comply with two-year continuing education criteria will result in license nonrenewal or non-issuance. Licensees are exempt from continuing education for the first renewal.

Continuing education hours are needed for the following license lines:

Line of Insurance Minimum Hours Every Two Years Property and Casualty 21 hours plus 3 hours of ethics Property 21 hours plus 3 hours of ethics Casualty 21 hours plus 3 hours of ethics Personal Lines 21 hours plus 3 hours of ethics Life and Annuities 21 hours plus 3 hours of ethics Variable Contracts 21 hours plus 3 hours of ethics Accident and Health or Sickness 21 hours plus 3 hours of ethics Title 6 hours plus 3 hours of ethics Crop only 3 hours plus 3 hours of ethics Funeral 6 hours plus 3 hours of ethics Funeral – Director 3 hours plus 3 hours of ethics Viatical 12 hours plus 3 hours of ethics Public Adjuster 21 hours plus 3 hours of ethics

Ethics Course Requirements. In each two-year period, licensees are required to complete three hours of approved continuing education activities on the topic of

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insurance-industry ethics. No licensee will be required to complete more than 24 cumulative hours in any two-year period. Previously Licensed Applicants. If the license has been in an inactive status for fewer than 12 months, the applicant must satisfy the education requirements outstanding and may not take the insurance exam in lieu of the education requirements.

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Request for Every person licensed under the Insurance Producers Licensing Act and the Public Changes Adjusters Licensing Act must notify the Department within 30 days of any change in that person’s residential or business address. Any person failing to provide such notification is subject to a fine or suspension.

Business and home addresses may be changed 1) online at www.nipr.com; or 2) by submitting Form #DOI-9110 (Request Form for Producers and Consultants found at www.doi.nebraska.gov), to the Department.

Form DOI-9110 must also be completed and submitted in order to change a name; correct a Social Security number; add or delete lines of license authority; or obtain a Letter of Clearance, a duplicate license or certification.

21 NEBRASKA DEPARTMENT OF INSURANCE Exam Content Outlines

The following outlines give an overview of the content of each For example, 10 percent means that 10 questions will be of the Nebraska insurance examinations. Each examination will drawn on a 100-question exam and 15 will be drawn on a include questions on the subjects contained in the outline. 150-question exam. The percentages indicate the relative weight assigned to each An outline that includes more descriptive subsections for section of the examination. your exam is available online at https://www.prometric.com/en- us/clients/insurance/Pages/ne-content-outlines.aspx.

Nebraska Producer's Examination for Certificate of authority (44- Sharing Life and Annuities Insurance 303) Reduction Capital and surplus Transfer Series 13-01 requirements (44-214, Elements of insurable risks 305) Adverse selection 100 questions - 2-hour time limit Unfair claims settlement Law of large numbers Effective Date: January 27, 2020 practices (44-1539, 1540) Reinsurance Examination of books and 2.2 Insurers

records (44-1527, 5904) Types of insurers 1.0 Insurance Regulation 15% (15 Appointment (44-4061) Stock companies Items) Termination of appointment Mutual companies (44-4062) Fraternal benefit societies 1.1 Licensing Unfair trade practices Reciprocals Process (44-4052, 4053) complaint register (44- Lloyd's associations Types of licensees 1525(9); Reg Ch 21) Risk retention groups (44-4054) Producer regulation Surplus lines Producers Sharing commissions (44- Private versus government (44-4049, 4060) insurers 4054) Controlled business (44- Admitted versus nonadmitted Consultants (44-2606– 361.01, .02) insurers 2635) Prohibited fees or charges Domestic, foreign and alien Resident versus nonresident (44-354) insurers (44-2625, 4055, Records retention (44-5905) Financial status (independent 4063) Unfair trade practices rating services) Temporary Misrepresentation (44- Marketing (distribution) systems (44-4058) 1525(1)) 2.3 Producers and general rules of Maintenance and False advertising (44- agency duration 1525(2)) Insurer as principal Defamation of insurer (44- Producer/insurer relationship Renewal (44-4054) 1525(3)) Authority and powers of licensees Name or address Boycott, coercion or Express change (44- intimidation (44-1525(4)) Implied 4054(8)) Reporting Unfair discrimination (44- Apparent of actions (44- 1525(7)) Responsibilities to the 4065) Assumed Rebating (44-361, 1525(8)) applicant/insured names (44-4057) Insurance Fraud Act (44-6601– 2.4 Contracts Continuing education 6608) Elements of a legal contract requirements including ethics Privacy of Insurance Consumer Offer and acceptance education (44-3901–3908) Information Act (44-901–925) Consideration Disciplinary actions 1.3 Federal regulation Competent parties Right to hearing (44- Fair Credit Reporting Act (15 USC Legal purpose 4059(2)) 1681–1681d) Distinct characteristics of an Suspension, revocation Fraud and false statements insurance contract or refusal to issue or Contract of adhesion renew (44-2633, 2.0 General Insurance 10% (10 Items) Aleatory contract 4059) 2.1 Concepts Personal contract Fines (44-2634, 4059(4)) Risk management key terms Unilateral contract Cease and desist order (44- Risk Conditional contract 1529, 1542) Exposure Legal interpretations affecting 1.2 State regulation Hazard contracts Director's general duties and Peril Ambiguities in a contract of powers (44-101.01, 2635) Loss adhesion Company regulation Methods of handling risk Reasonable expectations Avoidance Indemnity Retention Utmost good faith

22 NEBRASKA DEPARTMENT OF INSURANCE

Representations/misrepresen Effective date of coverage Statements of the insured (44- tations Premium collection 502(4)) Warranties Statement of good health Payment of claims (44-502(12)) Concealment 3.8 Individual underwriting by the Interest on proceeds (44-3,143) Fraud insurer Prohibited provisions including Waiver and estoppel Information sources and backdating (44-503) regulation 5.2 Ownership and beneficiaries 3.0 Life Insurance Basics 18% (18 Application Ownership Items) Producer report Assignment 3.1 Insurable interest (44-704) Attending physician Beneficiary designation options 3.2 Personal uses of life insurance statement Individuals Survivor protection Investigative consumer Classes Estate creation (inspection) report Estates Cash accumulation Medical Information Bureau Minors Liquidity (MIB) Trusts Estate conservation Medical examinations and lab Succession 3.3 Determining amount of tests including HIV (RL 71- Revocable versus irrevocable personal life insurance 531) Common disaster clause Human life value approach Selection criteria and unfair Spendthrift clause Needs approach discrimination (44-1525(7)(a)) 5.3 Settlement options Types of information Classification of risks Cash payment gathered Preferred Interest only Determining lump-sum needs Standard Fixed-period installments Planning for income needs Substandard Fixed-amount installments 3.4 Business uses of life insurance Life income Buy-sell funding 4.0 Life Insurance Policies 18% (18 Single life Key person Items) Joint and survivor Executive bonuses 4.1 Term life insurance 5.4 Nonforfeiture options 3.5 Classes of life insurance Level term Cash surrender value policies Annual renewable term Extended term Group versus individual Level premium term Reduced paid-up insurance Permanent versus term Decreasing term 5.5 Policy loan and withdrawal Participating versus 4.2 Whole life insurance options nonparticipating Continuous premium (straight Cash loans Fixed versus variable life life) Automatic premium loans insurance and annuities Limited payment Withdrawals or partial surrenders Regulation of variable Single premium 5.6 Dividend options products (SEC, FINRA and 4.3 Flexible premium policies Cash payment Nebraska) (44-2212, Adjustable life Reduction of premium payments 2216; Reg Ch 15 Sec 006, Universal life — Indexed Universal Accumulation at interest 011) Life One-year term option 3.6 Premiums Variable Insurance Paid-up additions Factors in premium determination Variable Universal 5.7 Disability riders Mortality 4.4 Specialized policies Waiver of premium Interest Joint life (first-to-die) Waiver of cost of insurance Expense Survivorship life (second-to-die) Disability income benefit Premium payment mode Juvenile life Payor benefit life/disability 3.7 Producer responsibilities 4.5 Group life insurance (juvenile insurance) Solicitation and sales Characteristics of group plans 5.8 Accelerated (living) benefit presentations (Reg Ch 33) Types of plan sponsors provision/rider Advertising (Reg Ch 50) Group underwriting requirements Conditions for payment Life and Health Insurance Required provisions (44-1607) Effect on death benefit Guaranty Association (44- Assignability (44-1619) 5.9 Riders covering additional 2719.01) Conversion to individual policy insureds Buyer's Guide and Policy (44-1607(8–10), 1613, 1614) Spouse/other-insured term rider Summary (Reg Ch 33 Sec Children's term rider 005, NAIC Current Model 5.0 Life Insurance Policy Provisions, 5.10 Riders affecting the death Buyer's Guide) Options and Riders 20% (20 benefit amount Illustrations (Reg Ch 72) Items) Accidental death Replacement (Reg Ch 19) 5.1 Required provisions (44-502) Guaranteed insurability Use and disclosure of Entire contract (44-502(3)) Cost of living insurance information Right to examine (free look) (44- Return of premium Annuity suitability (44-8101– 502.05) No lapse guarantee 8109) Payment of premiums (44- 6.0 Annuities 10% (10 Items) Field underwriting 502(1)) Notice of information Grace period (44-502(2)) 6.1 Annuity principles and practices Reinstatement (44-502(11)) concepts Application procedures Incontestability (44-502(5)) Accumulation period versus Delivery Misstatement of age (44-502(6)) annuity period Policy review Exclusions (44-502(5)) Owner, annuitant and beneficiary 23

NEBRASKA DEPARTMENT OF INSURANCE

Insurance aspects of annuities Corporate-owned Reporting of actions (44- Nebraska Protection in Annuity 7.4 Taxation of individual 4065) Transactions Act (44-8101– retirement annuities (IRAs) Assumed names (44-4057) 8109) Traditional IRAs Continuing education 6.2 Immediate versus deferred Contributions and deductible requirements including ethics annuities amounts education (44-3901–3908) Single premium immediate Premature distributions Disciplinary actions annuities (SPIAs) including taxation issues Right to hearing (44- Deferred annuities Annuity phase benefit 4059(2)) Premium payment options payments Suspension, revocation or Nonforfeiture Values included in the refusal to issue or renew Surrender charges annuitant's estate (44-2633, 4059) Death benefits Amounts received by Fines (44-2634, 4059(4)) 6.3 Annuity (benefit) payment beneficiary Cease and desist order (44- options Roth IRAs 1529, 1542) Life contingency options Contributions and limits 1.2 State regulation Pure life versus life with Distributions Director's general duties and guaranteed minimum 7.5 Rollovers and transfers (IRAs powers (44-101.01, 2635) Single life versus multiple life and qualified plans) Company regulation Annuities certain (types) 7.6 Section 1035 exchanges — Certificate of authority (44- 6.4 Annuity products disclosure pros and cons 303) Fixed annuities 7.7 Taxation of corporate owned Capital and surplus General account assets life insurance requirements (44-214, Interest rate guarantees 305) (minimum versus current) 8.0 Qualified Plans 4% (4 Items) Unfair claims settlement Level benefit payment 8.1 General requirements practices (44-1539, 1540) amount 8.2 Federal tax considerations Examination of books and Equity indexed annuities Tax advantages for employers records (44-1527, 5904) Market value adjusted annuities and employees Appointment (44-4061) Variable annuities Taxation of distributions (age- Termination of appointment 6.5 Uses of annuities related) (44-4062) Lump-sum settlements 8.3 Plan types, characteristics and Unfair trade practices Qualified retirement plans purchasers complaint register (44- Group versus individual Simplified employee pensions 1525(9); Reg Ch 21) annuities (SEPs) Producer regulation Personal uses Self-employed plans (HR 10 or Sharing commissions (44- Individual retirement Keogh plans) 4060) annuities (IRAs) Profit-sharing and 401(k) plans Controlled business (44- Tax-deferred growth SIMPLE plans 361.01, .02) Retirement income Pension plans Prohibited fees or charges Education funds 403(b) tax-sheltered annuities (44-354) (TSAs) Records retention (44-5905) 7.0 Federal Tax Considerations for Life Safe Harbor 401(k) Unfair trade practices Insurance and Annuities 5% (5 Single (k) Misrepresentation (44- Items) 1525(1)) 7.1 Taxation of personal life False advertising (44- insurance 1525(2)) Amounts available to policyowner Nebraska Producer's Examination for Defamation of insurer (44- Cash value increases Accident and Health or Sickness 1525(3)) Dividends Insurance Boycott, coercion or intimidation (44-1525(4)) Policy loans Series 13-02 Surrenders Unfair discrimination (44- Amounts received by beneficiary 100 questions - 2-hour time limit 1525(7)) Rebating (44-361, 1525(8)) General rule and exceptions Effective Date: January 27, 2020 Settlement options Insurance Fraud Act (44-6601– Values included in insured's estate 6608) 7.2 Modified endowment contracts Privacy of Insurance Consumer (MECs) 1.0 Insurance Regulation 10% Information Act (44-901–925) Modified endowment versus life 1.1 Licensing 1.3 Federal regulation insurance Process (44-4052, 4053) Fair Credit Reporting Act (15 USC Seven-pay test Types of licensees (44-4054) 1681–1681d) Distributions Producers (44-4049, 4054) Fraud and false statements 7.3 Taxation of non-qualified Consultants (44-2606–2635) annuities Resident versus nonresident 2.0 General Insurance 10% Individually-owned (44-2625, 4055, 4063) 2.1 Concepts Accumulation phase (tax Temporary (44-4058) Risk management key terms issues related to Maintenance and duration Risk withdrawals) Renewal (44-4054) Exposure Annuity phase and the Name or address change Hazard exclusion ratio (44-4054(8)) Peril Distributions at death Loss

NEBRASKA DEPARTMENT OF INSURANCE

Methods of handling risk 3.2 Principal types of losses and Producer liability for errors and Avoidance benefits omissions Retention Loss of income from disability Sharing Medical expense 4.0 Individual Sickness and Accident Reduction Dental expense Insurance Policy General Transfer Long-term care expense Provisions 10% Elements of insurable risks 3.3 Classes of health insurance 4.1 Uniform required provisions Adverse selection policies (44-710.03) Law of large numbers Individual versus group Entire contract: changes (44- Reinsurance Private versus government 710.03(1), .12) 2.2 Insurers Limited versus comprehensive Time limit on certain defenses Types of insurers 3.4 Limited policies (44-710.03(2)) Stock companies Limited perils and amounts Grace period (44-710.03(3)) Mutual companies Required notice to insured Reinstatement (44-710.03(4)) Fraternal benefit societies Types of limited policies Claim procedures (44-710.03(5– Reciprocals Accident-only 9)) Lloyd's associations Specified (dread) disease Physical examinations and Risk retention groups Hospital indemnity (income) autopsy (44-710.03(10)) Surplus lines Credit disability Legal actions (44-710.03(11)) Private versus government Blanket insurance (teams, Change of beneficiary (44- insurers passengers, other) 710.03(12)) Admitted versus nonadmitted Prescription drugs 4.2 Uniform optional provisions insurers Vision care (44-710.04) Domestic, foreign and alien 3.5 Common exclusions from Change of occupation (44- insurers coverage 710.04(1)) Financial status (independent 3.6 Producer responsibilities in Misstatement of age (44- rating services) individual health insurance 710.04(2)) Marketing (distribution) systems Marketing requirements Other insurance in this insurer 2.3 Producers and general rules of Advertising (Reg Ch 14 Sec (44-710.04(3)) agency 001–020) Insurance with other insurers Insurer as principal Life and Health Insurance Expense-incurred basis (44- Producer/insurer relationship Guaranty Association (44- 710.04(4)) Authority and powers of licensees 2719.01) Other benefits (44- Express Sales presentations 710.04(5)) Implied Field underwriting Unpaid premium (44-710.04(7)) Apparent Nature and purpose Cancellation (44-710.04(8)) Responsibilities to the Disclosure of information Conformity with state statutes applicant/insured about individuals (44-710.04(9)) 2.4 Contracts Application procedures Illegal occupation (44- Elements of a legal contract Requirements at delivery of 710.04(10)) Offer and acceptance policy Intoxicants and narcotics (44- Consideration Common situations for 710.04(11)) Competent parties errors/omissions 4.3 Other general provisions Legal purpose 3.7 Individual underwriting by the Right to examine (free look) (44- Distinct characteristics of an insurer 710.18) insurance contract Underwriting criteria Insuring clause Contract of adhesion Sources of underwriting Consideration clause Aleatory contract information Renewability clause (44-787) Personal contract Application procedures Noncancelable Unilateral contract Producer report Guaranteed renewable Conditional contract Attending physician Conditionally renewable Legal interpretations affecting statement Renewable at option of contracts Investigative consumer insurer Ambiguities in a contract of (inspection) report Nonrenewable (cancelable, adhesion Medical Information Bureau term) Reasonable expectations (MIB) Indemnity Medical examinations and lab 5.0 Disability Income and Related Utmost good faith tests including HIV (RL 71- Insurance 10% Representations/misrepresen 531) 5.1 Qualifying for disability tations Unfair discrimination (44-749) benefits Warranties Classification of risks Inability to perform duties Concealment Preferred Own occupation Fraud Standard Any occupation Waiver and estoppel Substandard Pure loss of income (income 3.8 Considerations in replacing replacement contracts) 3.0 Sickness and Accident Insurance health insurance Presumptive disability Basics 12% Pre-existing conditions Requirement to be under 3.1 Definitions of perils Benefits, limitations and physician care Accidental injury exclusions 5.2 Individual disability income Sickness Underwriting requirements insurance 25

NEBRASKA DEPARTMENT OF INSURANCE

Basic total disability plan Major medical insurance 7.0 Group Sickness and Accident Income benefits (monthly (indemnity plans) Insurance 11% indemnity) Characteristics 7.1 Characteristics of group Elimination and benefit Common limitations insurance periods Exclusions from coverage Group contract Waiver of premium feature Provisions affecting cost to Certificate of coverage (44- Coordination with social insurance insured 761(2)) and workers compensation Health maintenance organizations Experience rating versus benefits (HMOs) community rating Additional monthly benefit General characteristics 7.2 Types of eligible groups (AMB) Preventive care services Employment-related groups Social insurance supplement Primary care physician versus Individual employer groups (SIS) referral (specialty) Multiple-Employer Trusts Occupational versus physician (METs) or Welfare nonoccupational coverage Emergency care Arrangements (MEWAs) At-work benefits Hospital services Associations (alumni, Partial disability benefit Other basic services professional, other) Residual disability benefit Preferred provider organizations Customer groups (depositors, Other provisions affecting income (PPOs) creditor-debtor, other) benefits General characteristics 7.3 Marketing considerations Cost of living adjustment Open panel or closed panel Advertising (COLA) rider Types of parties to the Regulatory jurisdiction/place of Future increase option (FIO) provider contract delivery rider Point-of-service (POS) plans 7.4 Employer group health Relation of earnings to Nature and purpose insurance insurance (44-710.04(6)) Out-of-network provider Nebraska underwriting Other cash benefits access (open-ended HMO) requirements (44-760) Accidental death and PCP referral (gatekeeper Insurer underwriting criteria dismemberment PPO) Characteristics of group Rehabilitation benefit Indemnity plan features Plan design factors Medical reimbursement 6.3 Cost containment in health Persistency factors benefit (nondisabling care delivery Administrative capability injury) Cost-saving services Eligibility for insurance Refund provisions Preventive care Annual open enrollment Return of premium Hospital outpatient benefits Employee eligibility Cash surrender value Alternatives to hospital Dependent eligibility Exclusions services Coordination of benefits provision 5.3 Unique aspects of individual Utilization management (44- Change of insurance companies or disability underwriting 5416–5431) loss of coverage Occupational considerations Prospective review Coinsurance and deductible Benefit limits Concurrent review carryover Policy issuance alternatives 6.4 Nebraska requirements No-loss no-gain 5.4 Group disability income (individual and group) Events that terminate insurance Eligibility requirements coverage Group versus individual plans Newborn child coverage (44- Extension of benefits Short-term disability (STD) 710.19) Continuation of coverage Long-term disability (LTD) Dependent coverage (44- under COBRA and Nebraska 5.5 Business disability insurance 710.01) specific rules (44-1640– Key person disability income Full-time students (44- 1645) Disability buy-sell policy 710.01) Conversion privilege (44- 5.6 Social Security disability Benefit offers 1613; 44-32,130) Qualification for disability benefits Treatment for alcoholism 7.5 Small employer group medical Definition of disability (44-769–781) plans Waiting period Treatment of bones or joints Definition of small employer (44- Disability income benefits of the face, neck or head 5253) (44-789) Renewability of coverage (44- 6.0 Medical Plans 13% 6.5 HIPAA (Health Insurance 5259) Portability and Accountability 6.1 Medical plan concepts Benefit plans offered — basic and Act) requirements Fee-for-service basis versus standard (44-5260) Eligibility prepaid basis Marketing (44-5266) Guaranteed issue Specified coverages versus Prohibited practices (44-5266) comprehensive care Pre-existing conditions Benefit schedule versus Creditable coverage 8.0 Dental Insurance 2% usual/reasonable/customary Renewability 8.1 Types of dental treatment charges 6.6 Health savings accounts Diagnostic and preventive Any provider versus limited choice (HSAs) Restorative of providers Definition Oral surgery Insureds versus Eligibility Endodontics subscribers/participants Contribution limits Periodontics 6.2 Types of providers and plans Prosthodontics Orthodontics 26

NEBRASKA DEPARTMENT OF INSURANCE

8.2 Indemnity plans Right to return (free look) Incontestability (44- Choice of providers (44-3608; Reg Ch 36 Sec 4517.01) Scheduled versus nonscheduled 017(017.01E)) Replacement (Reg Ch 46 Sec (comprehensive) plans Unfair trade practices (44- 006(006.05), 012, 022) Benefit categories 3610) Benefit standards (44-4509) Diagnostic/preventive Replacement (Reg Ch 36 Sec Nonforfeiture (44-4517.02; services 018, 023) Reg Ch 46 Sec 023) Basic services Minimum benefit standards Benefit triggers (Reg Ch 46 Major services (Reg Ch 36 Sec 008) Sec 024, 025) Deductibles and coinsurance Required disclosure Inflation protection (Reg Ch Combination plans provisions (Reg Ch 36 Sec 46 Sec 011) Exclusions 017) Prohibited policy provisions Limitations Permitted compensation (44-4513) Predetermination of benefits (Reg Ch 36 Sec 016) Renewal considerations (Reg 8.3 Employer group dental Notice of change (Reg Ch 36 Ch 46 Sec 006(006.01)) expense Sec 017(017.02)) Continuation of benefits (Reg Integrated deductibles versus Medicare Select (Reg Ch 36 Sec Ch 46 Sec 006(006.04)) stand-alone plans 010) Required disclosure Minimizing adverse selection 9.3 Other options for individuals provisions (Reg Ch 46 Sec with Medicare 008) 9.0 Insurance for Senior Citizens and Employer group health plans Pre-existing conditions (44- Special Needs Individuals 15% Disabled employees 4513(2, 3)) 9.1 Medicare Employees with kidney failure 9.5 Nebraska Comprehensive Nature, financing and Individuals age 65 and older Health Insurance Pool administration Medicaid Eligibility (44-4221) Part A — Hospital Insurance Eligibility Coverages and limits (44-4226; Individual eligibility Benefits Reg Ch 44 Sec 006, 007, 009, requirements 9.4 Long-term care (LTC) 010) Enrollment insurance Exclusions (44-4228(1)) Coverages and cost-sharing LTC, Medicare and Medicaid Deductibles and coinsurance (44- amounts compared 4226(3); Reg Ch 44 Sec 004, Part B — Medical Insurance Eligibility for benefits 008) Individual eligibility Levels of care requirements Skilled care Enrollment Intermediate care 10.0 Federal Tax Considerations for Coverages and cost-sharing Custodial care Sickness and Accident Insurance amounts Home health care (Reg Ch 7% Exclusions 46 Sec 005(005.10), 010) Claims terminology and other Adult day care (Reg Ch 46 10.1 Personally-owned health key terms Sec 005(005.02)) insurance Part C — Medicare Advantage Respite care Disability income insurance Part D — Prescription Drug Assisted living (Reg Ch 46 Medical expense insurance Insurance Sec 005(005.21)) Long-term care insurance 9.2 Medicare supplements Benefit periods 10.2 Employer group health Purpose (Reg Ch 36 Sec 001) Benefit amounts insurance Open enrollment (Reg Ch 36 Sec Optional benefits Disability income (STD, LTD) 011) Guarantee of insurability Medical and dental expense Standardized Medicare Return of premium Long-term care insurance supplement plans (Reg Ch 36 Qualified LTC plans Accidental death and Sec 009) Exclusions (Reg Ch 46 Sec dismemberment Core benefits 006(006.02)) 10.3 Medical expense coverage Additional benefits LTC Partnerships for sole proprietors and Nebraska regulations and required Underwriting considerations partners provisions Nebraska regulations and required 10.4 Business disability insurance Standards for marketing provisions Key person disability income (Reg Ch 36 Sec 020) Standards for marketing Buy-sell policy Advertising (44-3608.01; (Reg Ch 46 Sec 020) 10.5 Health savings accounts Reg Ch 36 Sec 019) Advertising (Reg Ch 46 Sec (HSAs) Appropriateness of 019) recommended purchase Shopper's guide (Reg Ch 46 and excessive insurance Sec 027) (Reg Ch 36 Sec 021) Outline of coverage (44- Buyer's guide (Reg Ch 36 4516; Reg Ch 46 Sec 026) Sec 017(017.01F)) Suitability (Reg Ch 46 Sec Outline of coverage (44- 021) 3607; Reg Ch 36 Sec Right to return (free look) 017(017.03)) (44-4515) Guaranteed issue for eligible Unintentional lapse (Reg Ch persons (Reg Ch 36 Sec 46 Sec 007) 012) 27

NEBRASKA DEPARTMENT OF INSURANCE

Nebraska Producer's Examination for Defamation of insurer (44- Aleatory contract Life and Annuities, Accident and Health 1525(3)) Personal contract or Sickness Insurance Boycott, coercion or Unilateral contract intimidation (44-1525(4)) Conditional contract Series 13-03 Unfair discrimination (44- Legal interpretations affecting 1525(7)) contracts 150 questions – 2.5-hour time limit Rebating (44-361, 1525(8)) Ambiguities in a contract of Effective Date: January 27, 2020 Insurance Fraud Act (44-6601– adhesion 6608) Reasonable expectations

Privacy of Insurance Consumer Indemnity 1.0 Insurance Regulation 9% (14 Information Act (44-901–925) Utmost good faith Items) 1.3 Federal regulation Representations/misrepresen Fair Credit Reporting Act (15 USC tations 1.1 Licensing 1681–1681d) Warranties Process (44-4052, 4053) Fraud and false statements Concealment Types of licensees (44-4054) Fraud Producers (44-4049, 4054) 2.0 General Insurance 6% (9 Items) Waiver and estoppel Consultants (44-2606–2635) 2.1 Concepts Resident versus nonresident Risk management key terms 3.0 Life Insurance Basics 10% (15 (44-2625, 4055, 4063) Risk Items) Temporary (44-4058) Exposure 3.1 Insurable interest (44-704) Maintenance and duration Hazard 3.2 Personal uses of life insurance Renewal (44-4054) Peril Survivor protection Name or address change Loss Estate creation (44-4054(8)) Methods of handling risk Cash accumulation Reporting of actions (44- Avoidance Liquidity 4065) Retention Estate conservation Assumed names (44-4057) Sharing 3.3 Determining amount of Continuing education Reduction personal life insurance requirements including ethics Transfer Human life value approach education (44-3901–3908) Elements of insurable risks Needs approach Disciplinary actions Adverse selection Types of information Right to hearing (44- Law of large numbers gathered 4059(2)) Reinsurance Determining lump-sum needs Suspension, revocation or 2.2 Insurers Planning for income needs refusal to issue or renew Types of insurers 3.4 Business uses of life insurance (44-2633, 4059) Stock companies Buy-sell funding Fines (44-2634, 4059(4)) Mutual companies Key person Cease and desist order (44- Fraternal benefit societies Executive bonuses 1529, 1542) Reciprocals 3.5 Classes of life insurance 1.2 State regulation Lloyd's associations policies Director's general duties and Risk retention groups Group versus individual powers (44-101.01, 2635) Surplus lines Permanent versus term Company regulation Private versus government Participating versus Certificate of authority (44- insurers nonparticipating 303) Admitted versus nonadmitted Fixed versus variable life Capital and surplus insurers insurance and annuities requirements (44-214, Domestic, foreign and alien Regulation of variable 305) insurers products (SEC, FINRA and Unfair claims settlement Financial status (independent Nebraska) (44-2212, practices (44-1539, 1540) rating services) 2216; Reg Ch 15 Sec 006, Examination of books and Marketing (distribution) systems 011) records (44-1527, 5904) 2.3 Producers and general rules of 3.6 Premiums Appointment (44-4061) agency Factors in premium determination Termination of appointment Insurer as principal Mortality (44-4062) Producer/insurer relationship Interest Unfair trade practices Authority and powers of licensees Expense complaint register (44- Express Premium payment mode 1525(9); Reg Ch 21) Implied 3.7 Producer responsibilities Producer regulation Apparent Solicitation and sales Sharing commissions (44- Responsibilities to the presentations (Reg Ch 33) 4060) applicant/insured Advertising (Reg Ch 50) Controlled business (44- 2.4 Contracts Life and Health Insurance 361.01, .02) Elements of a legal contract Guaranty Association (44- Prohibited fees or charges Offer and acceptance 2719.01) (44-354) Consideration Buyer's Guide and Policy Records retention (44-5905) Competent parties Summary (Reg Ch 33 Sec Unfair trade practices Legal purpose 005, NAIC Current Model Misrepresentation (44- Distinct characteristics of an Buyer's Guide) 1525(1)) insurance contract Illustrations (Reg Ch 72) False advertising (44- Contract of adhesion Replacement (Reg Ch 19) 1525(2)) 28

NEBRASKA DEPARTMENT OF INSURANCE

Use and disclosure of Entire contract (44-502(3)) Cost of living insurance information Right to examine (free look) (44- Return of premium Annuity suitability (44-8101– 502.05) No lapse guarantee 8109) Payment of premiums (44- Field underwriting 502(1)) 6.0 Annuities 5% (7 Items) Notice of information Grace period (44-502(2)) 6.1 Annuity principles and practices Reinstatement (44-502(11)) concepts Application procedures Incontestability (44-502(5)) Accumulation period versus Delivery Misstatement of age (44-502(6)) annuity period Policy review Exclusions (44-502(5)) Owner, annuitant and beneficiary Effective date of coverage Statements of the insured (44- Insurance aspects of annuities Premium collection 502(4)) Nebraska Protection in Annuity Statement of good health Payment of claims (44-502(12)) Transactions Act (44-8101– 3.8 Individual underwriting by the Interest on proceeds (44-3, 143) 8109) insurer Prohibited provisions including 6.2 Immediate versus deferred Information sources and backdating (44-503) annuities regulation 5.2 Ownership and beneficiaries Single premium immediate Application Ownership annuities (SPIAs) Producer report Assignment Deferred annuities Attending physician Beneficiary designation options Premium payment options statement Individuals Nonforfeiture Investigative consumer Classes Surrender charges (inspection) report Estates Death benefits Medical Information Bureau Minors 6.3 Annuity (benefit) payment (MIB) Trusts options Medical examinations and lab Succession Life contingency options tests including HIV (RL 71- Revocable versus irrevocable Pure life versus life with 531) Common disaster clause guaranteed minimum Selection criteria and unfair Spendthrift clause Single life versus multiple life discrimination (44-1525(7)(a)) 5.3 Settlement options Annuities certain (types) Classification of risks Cash payment 6.4 Annuity products Preferred Interest only Fixed annuities Standard Fixed-period installments General account assets Substandard Fixed-amount installments Interest rate guarantees Life income (minimum versus current) 4.0 Life Insurance Policies 10% (15 Single life Level benefit payment Items) Joint and survivor amount 4.1 Term life insurance 5.4 Nonforfeiture options Equity indexed annuities Level term Cash surrender value Market value adjusted annuities Annual renewable term Extended term Variable annuities Level premium term Reduced paid-up insurance 6.5 Uses of annuities Decreasing term 5.5 Policy loan and withdrawal Lump-sum settlements 4.2 Whole life insurance options Qualified retirement plans Continuous premium (straight Cash loans Group versus individual life) Automatic premium loans annuities Limited payment Withdrawals or partial surrenders Personal uses Single premium 5.6 Dividend options Individual retirement 4.3 Flexible premium policies Cash payment annuities (IRAs) Adjustable life Reduction of premium payments Tax-deferred growth Universal life — Indexed Universal Accumulation at interest Retirement income Life One-year term option Education funds Variable Insurance Paid-up additions Variable Universal 5.7 Disability riders 4.4 Specialized policies Waiver of premium Joint life (first-to-die) Waiver of cost of insurance Survivorship life (second-to-die) Disability income benefit Juvenile life Payor benefit life/disability 7.0 Federal Tax Considerations for Life 4.5 Group life insurance (juvenile insurance) Insurance and Annuities 2% (2 Characteristics of group plans 5.8 Accelerated (living) benefit Items) Types of plan sponsors provision/rider 7.1 Taxation of personal life Group underwriting requirements Conditions for payment insurance Required provisions (44-1607) Effect on death benefit Amounts available to policyowner Assignability (44-1619) 5.9 Riders covering additional Cash value increases Conversion to individual policy insureds Dividends (44-1607(8–10), 1613, 1614) Spouse/other-insured term rider Policy loans Children's term rider Surrenders 5.0 Life Insurance Policy Provisions, 5.10 Riders affecting the death Amounts received by beneficiary Options and Riders 11% (17 benefit amount General rule and exceptions Items) Accidental death Settlement options 5.1 Required provisions (44-502) Guaranteed insurability Values included in insured's estate 29

NEBRASKA DEPARTMENT OF INSURANCE

7.2 Modified endowment contracts 9.3 Classes of health insurance 10.1 Uniform required provisions (MECs) policies (44-710.03) Modified endowment versus life Individual versus group Entire contract: changes (44- insurance Private versus government 710.03(1), .12) Seven-pay test Limited versus comprehensive Time limit on certain defenses Distributions 9.4 Limited policies (44-710.03(2)) 7.3 Taxation of non-qualified Limited perils and amounts Grace period (44-710.03(3)) annuities Required notice to insured Reinstatement (44-710.03(4)) Individually-owned Types of limited policies Claim procedures (44-710.03(5– Accumulation phase (tax Accident-only 9)) issues related to Specified (dread) disease Physical examinations and withdrawals) Hospital indemnity (income) autopsy (44-710.03(10)) Annuity phase and the Credit disability Legal actions (44-710.03(11)) exclusion ratio Blanket insurance (teams, Change of beneficiary (44- Distributions at death passengers, other) 710.03(12)) Corporate-owned Prescription drugs 10.2 Uniform optional provisions 7.4 Taxation of individual Vision care (44-710.04) retirement annuities (IRAs) 9.5 Common exclusions from Change of occupation (44- Traditional IRAs coverage 710.04(1)) Contributions and deductible 9.6 Producer responsibilities in Misstatement of age (44- amounts individual health insurance 710.04(2)) Premature distributions Marketing requirements Other insurance in this insurer including taxation issues Advertising (Reg Ch 14 Sec (44-710.04(3)) Annuity phase benefit 001–020) Insurance with other insurers payments Life and Health Insurance Expense-incurred basis (44- Values included in the Guaranty Association (44- 710.04(4)) annuitant's estate 2719.01) Other benefits (44- Amounts received by Sales presentations 710.04(5)) beneficiary Field underwriting Unpaid premium (44-710.04(7)) Roth IRAs Nature and purpose Cancellation (44-710.04(8)) Contributions and limits Disclosure of information Conformity with state statutes Distributions about individuals (44-710.04(9)) 7.5 Rollovers and transfers (IRAs Application procedures Illegal occupation (44- and qualified plans) Requirements at delivery of 710.04(10)) 7.6 Section 1035 exchanges – policy Intoxicants and narcotics (44- disclosure pros and cons Common situations for 710.04(11)) 7.7 Taxation of corporate owned errors/omissions 10.3 Other general provisions life insurance 9.7 Individual underwriting by the Right to examine (free look) (44- insurer 710.18) 8.0 Qualified Plans 2% (3 Items) Underwriting criteria Insuring clause 8.1 General requirements Sources of underwriting Consideration clause 8.2 Federal tax considerations information Renewability clause (44-787) Tax advantages for employers Application procedures Noncancelable and employees Producer report Guaranteed renewable Taxation of distributions (age- Attending physician Conditionally renewable related) statement Renewable at option of 8.3 Plan types, characteristics and Investigative consumer insurer purchasers (inspection) report Nonrenewable (cancelable, Simplified employee pensions Medical Information Bureau term) (SEPs) (MIB) Self-employed plans (HR 10 or Medical examinations and lab 11.0 Disability Income and Related Keogh plans) tests including HIV (RL 71- Insurance 6% (9 Items) Profit-sharing and 401(k) plans 531) SIMPLE plans Unfair discrimination (44-749) Pension plans Classification of risks 11.1 Qualifying for disability 403(b) tax-sheltered annuities Preferred benefits (TSAs) Standard Inability to perform duties Safe Harbor 401(k) Substandard Own occupation Single (k) 9.8 Considerations in replacing Any occupation health insurance Pure loss of income (income 9.0 Sickness and Accident Insurance Pre-existing conditions replacement contracts) Basics 7% (10 Items) Benefits, limitations and Presumptive disability 9.1 Definitions of perils exclusions Requirement to be under Accidental injury Underwriting requirements physician care Sickness Producer liability for errors and 11.2 Individual disability income 9.2 Principal types of losses and omissions insurance benefits Basic total disability plan 10.0 Individual Sickness and Accident Loss of income from disability Income benefits (monthly Insurance Policy General Medical expense indemnity) Provisions 6% (9 Items) Dental expense Elimination and benefit Long-term care expense periods 30

NEBRASKA DEPARTMENT OF INSURANCE

Waiver of premium feature Major medical insurance 13.0 Group Sickness and Accident Coordination with social insurance (indemnity plans) Insurance 6% (9 Items) and workers compensation Characteristics 13.1 Characteristics of group benefits Common limitations insurance Additional monthly benefit Exclusions from coverage Group contract (AMB) Provisions affecting cost to Certificate of coverage (44- Social insurance supplement insured 761(2)) (SIS) Health maintenance organizations Experience rating versus Occupational versus (HMOs) community rating nonoccupational coverage General characteristics 13.2 Types of eligible groups At-work benefits Preventive care services Employment-related groups Partial disability benefit Primary care physician versus Individual employer groups Residual disability benefit referral (specialty) Multiple-Employer Trusts Other provisions affecting income physician (METs) or Welfare benefits Emergency care Arrangements (MEWAs) Cost of living adjustment Hospital services Associations (alumni, (COLA) rider Other basic services professional, other) Future increase option (FIO) Preferred provider organizations Customer groups (depositors, rider (PPOs) creditor-debtor, other) Relation of earnings to General characteristics 13.3 Marketing considerations insurance (44-710.04(6)) Open panel or closed panel Advertising Other cash benefits Types of parties to the Regulatory jurisdiction/place of Accidental death and provider contract delivery dismemberment Point-of-service (POS) plans 13.4 Employer group health Rehabilitation benefit Nature and purpose insurance Medical reimbursement Out-of-network provider Nebraska underwriting benefit (nondisabling access (open-ended HMO) requirements (44-760) injury) PCP referral (gatekeeper Insurer underwriting criteria Refund provisions PPO) Characteristics of group Return of premium Indemnity plan features Plan design factors Cash surrender value 12.3 Cost containment in health Persistency factors Exclusions care delivery Administrative capability 11.3 Unique aspects of individual Cost-saving services Eligibility for insurance disability underwriting Preventive care Annual open enrollment Occupational considerations Hospital outpatient benefits Employee eligibility Benefit limits Alternatives to hospital Dependent eligibility Policy issuance alternatives services Coordination of benefits provision 11.4 Group disability income Utilization management (44- Change of insurance companies or insurance 5416–5431) loss of coverage Group versus individual plans Prospective review Coinsurance and deductible Short-term disability (STD) Concurrent review carryover Long-term disability (LTD) 12.4 Nebraska requirements No-loss no-gain 11.5 Business disability insurance (individual and group) Events that terminate Key person disability income Eligibility requirements coverage Disability buy-sell policy Newborn child coverage (44- Extension of benefits 11.6 Social Security disability 710.19) Continuation of coverage Qualification for disability benefits Dependent coverage (44- under COBRA and Nebraska Definition of disability 710.01) specific rules (44-1640– Waiting period Full-time students (44- 1645) Disability income benefits 710.01) Conversion privilege (44- 11.7 Workers compensation Benefit offers 1613; 44-32, 130) Eligibility Treatment for alcoholism 13.5 Small employer group Benefits (44-769–781) medical plans Treatment of bones or joints Definition of small employer (44- of the face, neck or head 5253) 12.0 Medical Plans 7% (11 Items) (44-789) Renewability of coverage (44- 12.5 HIPAA (Health Insurance 12.1 Medical plan concepts 5259) Portability and Accountability Fee-for-service basis versus Benefit plans offered — basic and Act) requirements prepaid basis standard (44-5260) Eligibility Specified coverages versus Marketing (44-5266) Guaranteed issue comprehensive care Prohibited practices (44-5266) Benefit schedule versus Pre-existing conditions usual/reasonable/customary Creditable coverage 14.0 Dental Insurance 1% (1 Item) charges Renewability 14.1 Types of dental treatment Any provider versus limited choice 12.6 Health savings accounts Diagnostic and preventive of providers (HSAs) Restorative Insureds versus Definition Oral surgery subscribers/participants Eligibility Endodontics 12.2 Types of providers and plans Contribution limits Periodontics

NEBRASKA DEPARTMENT OF INSURANCE

Prosthodontics Guaranteed issue for eligible Unintentional lapse (Reg Ch Orthodontics persons (Reg Ch 36 Sec 46 Sec 007) 14.2 Indemnity plans 012) Incontestability (44- Choice of providers Right to return (free look) 4517.01) Scheduled versus nonscheduled (44-3608; Reg Ch 36 Sec Replacement (Reg Ch 46 Sec (comprehensive) plans 017(017.01E)) 006(006.05), 012, 022) Benefit categories Unfair trade practices (44- Benefit standards (44-4509) Diagnostic/preventive 3610) Nonforfeiture (44-4517.02; services Replacement (Reg Ch 36 Sec Reg Ch 46 Sec 023) Basic services 018, 023) Benefit triggers (Reg Ch 46 Major services Minimum benefit standards Sec 024, 025) Deductibles and coinsurance (Reg Ch 36 Sec 008) Inflation protection (Reg Ch Combination plans Required disclosure 46 Sec 011) Exclusions provisions (Reg Ch 36 Sec Prohibited policy provisions Limitations 017) (44-4513) Predetermination of benefits Permitted compensation Renewal considerations (Reg 14.3 Employer group dental (Reg Ch 36 Sec 016) Ch 46 Sec 006(006.01)) expense Notice of change (Reg Ch 36 Continuation of benefits (Reg Integrated deductibles versus Sec 017(017.02)) Ch 46 Sec 006(006.04)) stand-alone plans Medicare Select (Reg Ch 36 Sec Required disclosure Minimizing adverse selection 010) provisions (Reg Ch 46 Sec 15.3 Other options for individuals 008) 15.0 Insurance for Senior Citizens and with Medicare Pre-existing conditions (44- Special Needs Individuals 9% (14 Employer group health plans 4513(2, 3)) Items) Disabled employees 15.5 Nebraska Comprehensive 15.1 Medicare Employees with kidney failure Health Insurance Pool Nature, financing and Individuals age 65 and older Eligibility (44-4221) administration Medicaid Coverages and limits (44-4226; Part A — Hospital Insurance Eligibility Reg Ch 44 Sec 006, 007, 009, Individual eligibility Benefits 010) requirements 15.4 Long-term care (LTC) Exclusions (44-4228(1)) Enrollment insurance Deductibles and coinsurance (44- Coverages and cost-sharing LTC, Medicare and Medicaid 4226(3); Reg Ch 44 Sec 004, amounts compared 008) Part B — Medical Insurance Eligibility for benefits Individual eligibility Levels of care 16.0 Federal Tax Considerations for requirements Skilled care Sickness and Accident Insurance Enrollment Intermediate care 3% (5 Items) Coverages and cost-sharing Custodial care 16.1 Personally-owned health amounts Home health care (Reg Ch insurance Exclusions 46 Sec 005(005.10), 010) Disability income insurance Claims terminology and other Adult day care (Reg Ch 46 Medical expense insurance key terms Sec 005(005.02)) Long-term care insurance Part C — Medicare Advantage Respite care 16.2 Employer group health Part D — Prescription Drug Assisted living (Reg Ch 46 insurance Insurance Sec 005(005.21)) Disability income (STD, LTD) 15.2 Medicare supplements Benefit periods Medical and dental expense Purpose (Reg Ch 36 Sec 001) Benefit amounts Long-term care insurance Open enrollment (Reg Ch 36 Sec Optional benefits Accidental death and 011) Guarantee of insurability dismemberment Standardized Medicare Return of premium 16.3 Medical expense coverage supplement plans (Reg Ch 36 Qualified LTC plans for sole proprietors and Sec 009) Exclusions (Reg Ch 46 Sec partners Core benefits 006(006.02)) 16.4 Business disability insurance Additional benefits LTC Partnerships Key person disability income Nebraska regulations and required Underwriting considerations Buy-sell policy provisions Nebraska regulations and required 16.5 Health savings accounts Standards for marketing provisions (HSAs) (Reg Ch 36 Sec 020) Standards for marketing Advertising (44-3608.01; (Reg Ch 46 Sec 020) Reg Ch 36 Sec 019) Advertising (Reg Ch 46 Sec Nebraska Producer's Examination for Appropriateness of 019) Property and Casualty Insurance recommended purchase Shopper's guide (Reg Ch 46 and excessive insurance Sec 027) Series 13-04 (Reg Ch 36 Sec 021) Outline of coverage (44- 150 questions – 2.5-hour time limit Buyer's guide (Reg Ch 36 4516; Reg Ch 46 Sec 026) Sec 017(017.01F)) Suitability (Reg Ch 46 Sec Effective Date: January 27, 2020 Outline of coverage (44- 021) 3607; Reg Ch 36 Sec Right to return (free look) 017(017.03)) (44-4515) 1.0 Insurance Regulation 10% 1.1 Licensing 32

NEBRASKA DEPARTMENT OF INSURANCE

Process (44-4052, 4053) Fair Credit Reporting Act (15 USC Representations/misrepresen Types of licensees (44-4054) 1681–1681d) tations Producers (44-4049, 4054) Fraud and false statements Warranties Consultants (44-2606–2635) Concealment Resident versus nonresident 2.0 General Insurance 10% Fraud (44-2625, 4055, 4063) 2.1 Concepts Waiver and estoppel Temporary (44-4058) Risk management key terms Maintenance and duration Risk 3.0 Property and Casualty Insurance Renewal (44-4054) Exposure Basics 13% Name or address change Hazard 3.1 Principles and concepts (44-4054(8)) Peril Insurable interest Reporting of actions (44- Loss Underwriting 4065) Methods of handling risk Function Assumed names (44-4057) Avoidance Loss ratio Continuing education Retention Rates requirements including ethics Sharing Types education (44-3901–3908) Reduction Loss costs Disciplinary actions Transfer Components Right to hearing (44- Elements of insurable risks Hazards 4059(2)) Adverse selection Physical Suspension, revocation or Law of large numbers Moral refusal to issue or renew Reinsurance Morale (44-2633, 4059) 2.2 Insurers Negligence Fines (44-2634, 4059(4)) Types of insurers Elements of a negligent act Cease and desist order (44- Stock companies Defenses against negligence 1529, 1542) Mutual companies Damages 1.2 State regulation Fraternal benefit societies Compensatory — special Director's general duties and Reciprocals versus general powers (44-101.01, 2635) Lloyd's associations Punitive Company regulation Risk retention groups Absolute liability Certificate of authority (44- Surplus lines Strict liability 303) Private versus government Vicarious liability Capital and surplus insurers Causes of loss (perils) requirements (44-214, Admitted versus nonadmitted Concurrent causation 305) insurers Named perils versus special Unfair claims settlement Domestic, foreign and alien (open) perils practices (44-1539, 1540) insurers Direct loss Examination of books and Financial status (independent Consequential or indirect loss records (44-1527, 5904) rating services) Blanket versus specific insurance Appointment (44-4061) Marketing (distribution) systems Basic types of construction Termination of appointment 2.3 Producers and general rules of Loss valuation (44-4062) agency Actual cash value Unfair trade practices Insurer as principal Replacement cost complaint register (44- Producer/insurer relationship Functional replacement cost 1525(9); Reg Ch 21) Authority and powers of licensees Market value Producer regulation Express Agreed value Sharing commissions (44- Implied Stated amount 4060) Apparent 3.2 Policy structure Controlled business (44- Responsibilities to the Declarations 361.01, .02) applicant/insured Definitions Prohibited fees or charges 2.4 Contracts Insuring agreement or clause (44-354) Elements of a legal contract Additional/supplementary Records retention (44-5905) Offer and acceptance coverage Unfair trade practices Consideration Conditions Misrepresentation (44- Competent parties Exclusions 1525(1)) Legal purpose Endorsements False advertising (44- Distinct characteristics of an 3.3 Common policy provisions 1525(2)) insurance contract Insureds — named, first named, Defamation of insurer (44- Contract of adhesion additional 1525(3)) Aleatory contract Policy period Boycott, coercion or Personal contract Policy territory intimidation (44-1525(4)) Unilateral contract Cancellation and nonrenewal Unfair discrimination (44- Conditional contract Deductibles 1525(7)) Legal interpretations affecting Other insurance Rebating (44-361, 1525(8)) contracts Nonconcurrency Insurance Fraud Act (44-6601– Ambiguities in a contract of Primary and excess 6608) adhesion Pro rata Privacy of Insurance Consumer Reasonable expectations Contribution by equal shares Information Act (44-901–925) Indemnity Limits of liability 1.3 Federal regulation Utmost good faith Per occurrence (accident) 33

NEBRASKA DEPARTMENT OF INSURANCE

Per person HO-2 through HO-6 Coverage for damage to your auto Aggregate — general versus 5.2 Definitions Collision products — completed 5.3 Section I — Property Other than collision operations coverages Deductibles Split Coverage A — Dwelling Transportation expense Combined single Coverage B — Other structures Exclusions Restoration/nonreduction of limits Coverage C — Personal property Duties after an accident or loss Coinsurance Coverage D — Loss of use General provisions Vacancy or unoccupancy Additional coverages Selected endorsements Named insured provisions 5.4 Section II — Liability Amendment of policy Duties after loss coverages provisions – Nebraska (PP Assignment Coverage E — Personal liability 01 85) Abandonment Coverage F — Medical payments Towing and labor costs (PP Insurer provisions to others 03 03) Liberalization Additional coverages Extended non-owned Subrogation 5.5 Perils insured against coverage - vehicles Salvage 5.6 Exclusions furnished or available for Claim settlement options 5.7 Conditions regular use (PP 03 06) Duty to defend 5.8 Selected endorsements Miscellaneous type vehicle Third-party provisions Special provisions — Nebraska (PP 03 23) Standard mortgage clause (HO 01 26) Joint ownership coverage (PP Loss payable clause Limited fungi, wet or dry rot, or 03 34) No benefit to the bailee bacteria coverage (HO 04 26, 6.3 Commercial auto ('10) 3.4 Nebraska laws, regulations HO 04 27) Commercial auto coverage forms and required provisions Permitted incidental occupancies Business auto Nebraska Valued Policy Law (44- — residence premises (HO 04 Garage 501.02) 42) Business auto physical Nebraska Property and Liability Earthquake (HO 04 54) damage Insurance Guaranty Association Scheduled personal property (HO Truckers (44-2401–2418) 04 61) Motor carrier Cancellation and nonrenewal (44- Personal property replacement Coverage form sections 522) cost (HO 04 90) Covered autos Concealment, misrepresentation Home day care (HO 04 97) Liability coverage or fraud (44-358; 44-6601– Business pursuits (HO 24 71) Garagekeepers coverage 6608; RL 28-631) Watercraft (HO 24 75) Trailer interchange coverage Rate and Form Act (44-7501– Personal injury (HO 24 82) Physical damage coverage 7535) Exclusions Federal Terrorism Insurance 6.0 Auto Insurance 16% Conditions Program (15 USC 6701; Public 6.1 Laws Definitions Law 107–297, 109–144, 110– Nebraska Motor Vehicle Safety Selected endorsements 160) Responsibility Act (RL 60-501– Lessor — additional insured 569) and loss payee (CA 20 01) 4.0 Dwelling ('02) Policy 5% Required limits of liability Mobile equipment (CA 20 4.1 Characteristics and purpose (RL 60-501(10), 534) 15) 4.2 Coverage forms — Perils Required proof of financial Broad form products insured against responsibility (RL 60-346) coverage (CA 25 01) Basic Nebraska Automobile Insurance Auto medical payments Broad Plan coverage (CA 99 03) Special Uninsured/underinsured motorist Drive other car coverage (CA 4.3 Property coverages (44-6401–6414) 99 10) Coverage A — Dwelling Definitions Individual named insured Coverage B — Other structures Bodily injury (CA 99 17) Coverage C — Personal property Required limits Pollution liability — Coverage D — Fair rental value Cancellation/nonrenewal broadened coverage (CA Coverage E — Additional living Grounds (44-515) 99 48; CA 99 55) expense Notice (44-516–519, 523; Commercial carrier regulations Other coverages RL 60-544) The Motor Carrier Act of 1980 4.4 General exclusions Notice of eligibility in Endorsement for motor 4.5 Conditions assigned risk plan (44- carrier policies of insurance 4.6 Selected endorsements 520) for public liability (MCS-90) Special provisions — Nebraska After-market parts regulation (DP 01 26) (Reg Title 210 Chapter 45) 7.0 Commercial Package Policy (CPP) Automatic increase in insurance 6.2 Personal auto ('05) 10% (DP 04 11) Definitions 7.1 Components of a commercial Broad theft coverage (DP 04 72) Liability coverage policy Dwelling under construction (DP Bodily injury and property Common policy declarations 11 43) damage Common policy conditions 4.7 Personal liability supplement Supplementary payments Interline endorsements Exclusions One or more coverage parts 5.0 Homeowners ('11) Policy 14% Medical payments coverage 7.2 Commercial general liability 5.1 Coverage forms Uninsured motorists coverage ('13) 34

NEBRASKA DEPARTMENT OF INSURANCE

Commercial general liability Extortion — commercial Limits coverage forms entities (CR 04 03) Deductibles Bodily injury and property Guests' property (CR 04 11) Loss conditions damage liability 7.5 Commercial inland marine General conditions Personal and advertising ('04) Optional coverages injury liability Nationwide marine definition Definitions Medical payments Commercial inland marine 8.3 Businessowners Section II — Exclusions conditions form Liability Supplementary payments Inland marine coverage forms Coverages Who is an insured Accounts receivable Exclusions Limits of insurance Bailee's customer Who is an insured Conditions Commercial articles Limits of insurance Definitions Contractors equipment floater General conditions Occurrence versus claims-made Electronic data processing Definitions Premises and operations Equipment dealers 8.4 Businessowners Section III — Products and completed Installation floater Common Policy Conditions operations Jewelers block 8.5 Selected endorsements Insured contract Signs Hired auto and non-owned auto 7.3 Commercial property ('12) Valuable papers and records liability (BP 04 04) Commercial property conditions Transportation coverages Protective safeguards (BP 04 30) form Common carrier cargo Utility services — direct damage Coverage forms liability (BP 04 56) Building and personal Motor truck cargo forms Utility services — time element property Transit coverage forms (BP 04 57) Condominium association 7.6 Equipment breakdown ('13) Condominium commercial Equipment breakdown protection 9.0 Workers Compensation Insurance unit-owners coverage form (EB 00 20) 7% Builders risk Selected endorsement 9.1 Workers compensation laws Business income Actual cash value (EB 99 59) Types of laws Legal liability 7.7 Farm coverage Monopolistic versus Extra expense Farm property coverage forms competitive Causes of loss forms ('03) Compulsory versus elective Basic Coverage A — Dwellings Nebraska Workers' Compensation Broad Coverage B — Other private Act Special structures Exclusive remedy (RL 48- Selected endorsements Coverage C — Household 111) Ordinance or law coverage personal property Employment covered (CP 04 05) Coverage D — Loss of use (required, voluntary) (RL Spoilage coverage (CP 04 Coverage E — Scheduled 48-106, 114, 115) 40) farm personal property Covered injuries (RL 48-101, Peak season limit of Coverage F — Unscheduled 102, 127, 151(2)(4–8)) insurance (CP 12 30) farm personal property Occupational disease (RL 48- Value reporting form (CP 13 Coverage G — Other farm 151(3)) 10) structures Benefits provided (RL 48- 7.4 Commercial crime ('06) Farm liability coverage forms 119–126, 162.01) General definitions ('06) Workers' Compensation Trust Burglary Coverage H — Bodily injury Fund (RL 48-128, 162.02) Theft and property damage Federal workers compensation Robbery liability laws Crime coverage forms Coverage I — Personal and Federal Employers Liability Commercial crime coverage advertising injury liability Act (FELA) (45 USC 51– forms (discovery/loss Coverage J — Medical 60) sustained) payments U.S. Longshore and Harbor Government crime coverage Mobile agricultural machinery and Workers' Compensation Act forms (discovery/loss equipment coverage form (33 USC 901-944, 948- sustained) Livestock coverage form 980) Coverages Definitions The Jones Act (46 USC 688) Employee theft Causes of loss (basic, broad and 9.2 Workers compensation and Forgery or alteration special) employers liability insurance Inside the premises — theft Conditions policy of money and securities Exclusions General sections Inside the premises — Limits Part One — Workers robbery or safe burglary of Additional coverages compensation insurance other property Part Two — Employers liability Outside the premises 8.0 Businessowners ('13) Policy 12% insurance Computer fraud 8.1 Characteristics and purpose Part Three — Other states Funds transfer fraud 8.2 Businessowners Section I — insurance Money orders and counterfeit Property Part Four — Your duties if injury money Coverage occurs Other crime coverages Exclusions Part Five — Premium 35

NEBRASKA DEPARTMENT OF INSURANCE

Part Six — Conditions (14 Items) Controlled business (44- Selected endorsement 1.1 Licensing 361.01, .02) Voluntary compensation 9.3 Premium computation Process (44-4052, 4053) Prohibited fees or charges Job classification — payroll and (44-354) Types of licensees (44-4054) rates Records retention (44-5905) Experience modification factor Producers (44-4049, 4054) Premium discounts Unfair trade practices 9.4 Other sources of coverage Consultants (44-2606–2635) Nebraska Workers' Compensation Misrepresentation (44- Plan (RL 44-3,158) Resident versus nonresident 1525(1)) (44-2625, 4055, 4063) Self-insured employers and False advertising (44- employer groups (RL 48- Temporary (44-4058) 1525(2)) 144.02(2), 48-145) Maintenance and duration Defamation of insurer (44- 10.0 Other Coverages and Options 3% 1525(3)) Renewal (44-4054) 10.1 Umbrella/excess liability Boycott, coercion or policies Name or address change intimidation (44-1525(4)) Personal (DL 98 01) (44-4054(8)) Commercial (CU 00 01) Unfair discrimination (44- 10.2 Specialty liability insurance Reporting of actions (44- 1525(7)) Errors and omissions 4065) Professional liability Rebating (44-361, 1525(8)) Assumed names (44-4057) Directors and officers liability Insurance Fraud Act (44-6601– Fiduciary liability Continuing education 6608) Liquor liability requirements including ethics Employment practices liability education (44-3901–3908) Privacy of Insurance Consumer 10.3 Surplus lines Information Act (44-901–925) Definitions and markets Disciplinary actions 1.3 Federal regulation Licensing requirements Right to hearing (44- 10.4 Surety bonds 4059(2)) Fair Credit Reporting Act (15 USC Principal, obligee, surety 1681–1681d) Contract bonds Suspension, revocation or License and permit bonds refusal to issue or renew Fraud and false statements Judicial bonds (44-2633, 4059) 10.5 Aviation insurance Fines (44-2634, 4059(4)) Aircraft hull 2.0 General Insurance 6% (9 Items) Aircraft liability Cease and desist order (44- 10.6 Ocean marine insurance 1529, 1542) Major coverages Hull insurance 1.2 State regulation Cargo insurance 2.1 Concepts Director's general duties and Freight insurance Risk management key terms Protection and indemnity powers (44-101.01, 2635) 10.7 National Flood Insurance Company regulation Risk Program "Write your own" versus Certificate of authority (44- Exposure government 303) Hazard Eligibility Coverage Capital and surplus Peril Limits requirements (44-214, Deductibles 305) Loss 10.8 Other policies Unfair claims settlement Methods of handling risk Boatowners practices (44-1539, 1540) Difference in conditions Avoidance 10.9 Residual markets Examination of books and Joint underwriting or joint records (44-1527, 5904) Retention reinsurance pool (44-7525) Sharing Appointment (44-4061) Termination of appointment Reduction Nebraska Consultant's Examination for (44-4062) Transfer Life and Annuities, Accident and Health or Sickness Insurance Unfair trade practices Elements of insurable risks complaint register (44- Series 13-07 1525(9); Reg Ch 21) Adverse selection

150 questions – 2.5-hour time limit Producer regulation Law of large numbers Effective Date: January 27, 2020 Sharing commissions (44- Reinsurance 4060) 2.2 Insurers 1.0 Insurance Regulation 9% Types of insurers 36

NEBRASKA DEPARTMENT OF INSURANCE

Stock companies Representations/misrepresen Expense tations Mutual companies Premium concepts Warranties Fraternal benefit societies Net single premium Concealment Reciprocals Gross annual premium Fraud Lloyd's associations Premium payment mode Waiver and estoppel Risk retention groups 3.7 Producer responsibilities

Surplus lines Solicitation and sales 3.0 Life Insurance Basics 11% presentations (Reg Ch 33) Private versus government insurers (16 Items) Advertising (Reg Ch 50)

Admitted versus nonadmitted Life and Health Insurance insurers Guaranty Association (44- 3.1 Insurable interest (44-704) 2719.01) Domestic, foreign and alien insurers 3.2 Personal uses of life insurance Buyer's Guide and Policy Survivor protection Summary (Reg Ch 33 Sec Financial status (independent 005, NAIC Current Model rating services) Estate creation Buyer's Guide)

Marketing (distribution) systems Cash accumulation Illustrations (Reg Ch 72)

2.3 Producers and general rules of Liquidity Replacement (Reg Ch 19) agency Estate conservation Use and disclosure of Insurer as principal insurance information 3.3 Determining amount of Producer/insurer relationship personal life insurance Annuity suitability (44-8101– 8109) Authority and powers of licensees Human life value approach Field underwriting Express Needs approach Implied Notice of information Types of information practices Apparent gathered Application procedures Responsibilities to the Determining lump-sum needs Delivery applicant/insured Planning for income needs Policy review 2.4 Contracts 3.4 Business uses of life insurance Effective date of coverage Elements of a legal contract Buy-sell funding Premium collection Offer and acceptance Key person Statement of good health Consideration Executive bonuses Competent parties 3.8 Individual underwriting by the Split dollar plans insurer Legal purpose 3.5 Classes of life insurance Information sources and Distinct characteristics of an policies regulation insurance contract Group versus individual Application Contract of adhesion Permanent versus term Producer report Aleatory contract Participating versus Attending physician Personal contract nonparticipating statement

Unilateral contract Fixed versus variable life Investigative consumer insurance and annuities (inspection) report Conditional contract Regulation of variable Medical Information Bureau Legal interpretations affecting products (SEC, FINRA and (MIB) contracts Nebraska) (44-2212, 2216; Reg Ch 15 Sec 006, 011) Medical examinations and lab Ambiguities in a contract of tests including HIV (RL 71- adhesion 3.6 Premiums 531)

Reasonable expectations Factors in premium determination Selection criteria and unfair Indemnity Mortality discrimination (44-1525(7)(a))

Utmost good faith Interest Classification of risks

NEBRASKA DEPARTMENT OF INSURANCE

Preferred Grace period (44-502(2)) Accumulation at interest

Standard Reinstatement (44-502(11)) One-year term option

Substandard Incontestability (44-502(5)) Paid-up additions

Misstatement of age (44-502(6)) 5.7 Disability riders

4.0 Life Insurance Policies 11% Exclusions (44-502(5)) Waiver of premium

(16 Items) Statements of the insured (44- Waiver of cost of insurance 502(4)) Disability income benefit Payment of claims (44-502(12)) 4.1 Term life insurance Payor benefit life/disability Interest on proceeds (44-3,143) (juvenile insurance) Level term Prohibited provisions including 5.8 Accelerated (living) benefit Annual renewable term backdating (44-503) provision/rider

Level premium term 5.2 Ownership and beneficiaries Conditions for payment

Decreasing term Ownership Effect on death benefit

4.2 Whole life insurance Assignment 5.9 Riders covering additional insureds Continuous premium (straight Beneficiary designation options life) Spouse/other-insured term rider Individuals Limited payment Children's term rider Classes Single premium 5.10 Riders affecting the death Estates 4.3 Flexible premium policies benefit amount Minors Adjustable life Accidental death Trusts Universal life — Indexed Universal Guaranteed insurability Life Succession Cost of living

Variable Insurance Revocable versus irrevocable Return of premium

Variable Universal Common disaster clause No lapse guarantee

4.4 Specialized policies Spendthrift clause

Joint life (first-to-die) 5.3 Settlement options 6.0 Annuities 5% (8 Items)

Survivorship life (second-to-die) Cash payment

Juvenile life Interest only 6.1 Annuity principles and 4.5 Group life insurance Fixed-period installments concepts

Characteristics of group plans Fixed-amount installments Accumulation period versus annuity period Types of plan sponsors Life income Owner, annuitant and beneficiary Group underwriting requirements Single life Insurance aspects of annuities Required provisions (44-1607) Joint and survivor Nebraska Protection in Annuity Assignability (44-1619) 5.4 Nonforfeiture options Transactions Act (44-8101– 8109) Conversion to individual policy Cash surrender value (44-1607(8–10), 1613, 1614) 6.2 Immediate versus deferred Extended term annuities

Reduced paid-up insurance Single premium immediate 5.0 Life Insurance Policy 5.5 Policy loan and withdrawal annuities (SPIAs) Provisions, Options and Riders 11% options Deferred annuities (17 Items) Cash loans Premium payment options

Automatic premium loans Nonforfeiture 5.1 Required provisions (44-502) Withdrawals or partial surrenders Surrender charges Entire contract (44-502(3)) 5.6 Dividend options Death benefits Right to examine (free look) (44- 502.05) Cash payment 6.3 Annuity (benefit) payment options Payment of premiums (44- Reduction of premium payments 502(1)) Life contingency options 38

NEBRASKA DEPARTMENT OF INSURANCE

Pure life versus life with Modified endowment versus life Self-employed plans (HR 10 or guaranteed minimum insurance Keogh plans)

Single life versus multiple life Seven-pay test Profit-sharing and 401(k) plans

Annuities certain (types) Distributions SIMPLE plans

6.4 Annuity products 7.3 Taxation of non-qualified Pension plans annuities Fixed annuities Section 457 deferred Individually-owned compensation General account assets Accumulation phase (tax 403(b) tax-sheltered annuities Interest rate guarantees issues related to (TSAs) (minimum versus current) withdrawals) Safe Harbor 401(k) Level benefit payment Annuity phase and the amount exclusion ratio Single (k)

Equity indexed annuities Distributions at death

Market value adjusted annuities Corporate-owned 9.0 Sickness and Accident Insurance Basics 5% (8 Items) Variable Annuity 7.4 Taxation of individual

6.5 Uses of annuities retirement annuities (IRAs) 9.1 Definitions of perils Lump-sum settlements Traditional IRAs Accidental injury Qualified retirement plans Contributions and deductible amounts Sickness Group versus individual annuities Premature distributions 9.2 Principal types of losses and including taxation issues benefits Personal uses Annuity phase benefit Loss of income from disability Individual retirement payments annuities (IRAs) Medical expense Values included in the Tax-deferred growth annuitant's estate Dental expense

Retirement income Amounts received by Long-term care expense beneficiary Education funds 9.3 Classes of health insurance Roth IRAs policies

Contributions and limits Individual versus group

Distributions Private versus government

7.5 Rollovers and transfers (IRAs Limited versus comprehensive 7.0 Federal Tax Considerations for and qualified plans) 9.4 Limited policies Life Insurance and Annuities 7.6 Section 1035 exchanges – Limited perils and amounts 2% (3 Items) disclosure pros and cons Required notice to insured 7.7 Taxation of corporate owned Types of limited policies 7.1 Taxation of personal life life insurance insurance Accident-only

Amounts available to policyowner 8.0 Qualified Plans 2% (3 Items) Specified (dread) disease

Cash value increases Hospital indemnity (income)

Dividends 8.1 General requirements Credit disability

Policy loans 8.2 Federal tax considerations Blanket insurance (teams, passengers, other) Surrenders Tax advantages for employers Prescription drugs Amounts received by beneficiary and employees Vision care General rule and exceptions Taxation of distributions (age- related) 9.5 Common exclusions from Settlement options 8.3 Plan types, characteristics and coverage Values included in insured's estate purchasers 9.6 Producer responsibilities in 7.2 Modified endowment contracts Simplified employee pensions individual health insurance (MECs) (SEPs) Marketing requirements

NEBRASKA DEPARTMENT OF INSURANCE

Advertising (Reg Ch 14 Sec Entire contract: changes (44- 001–020) 710.03(1), .12) 11.1 Qualifying for disability Life and Health Insurance Time limit on certain defenses benefits Guaranty Association (44- (44-710.03(2)) 2719.01) Inability to perform duties Grace period (44-710.03(3)) Sales presentations Own occupation Reinstatement (44-710.03(4)) Field underwriting Any occupation Claim procedures (44-710.03(5– Nature and purpose 9)) Pure loss of income (income replacement contracts) Disclosure of information Physical examinations and about individuals autopsy (44-710.03(10)) Presumptive disability

Application procedures Legal actions (44-710.03(11)) Requirement to be under physician care Requirements at delivery of Change of beneficiary (44- policy 710.03(12)) 11.2 Individual disability income insurance Common situations for 10.2 Uniform optional provisions errors/omissions (44-710.04) Basic total disability plan

9.7 Individual underwriting by the Change of occupation (44- Income benefits (monthly insurer 710.04(1)) indemnity)

Underwriting criteria Misstatement of age (44- Elimination and benefit 710.04(2)) periods Sources of underwriting information Other insurance in this insurer Waiver of premium feature (44-710.04(3)) Application procedures Coordination with social insurance Insurance with other insurers and workers compensation Producer report benefits Expense-incurred basis (44- Attending physician 710.04(4)) Additional monthly benefit statement (AMB) Other benefits (44- Investigative consumer 710.04(5)) Social insurance supplement (inspection) report (SIS) Unpaid premium (44-710.04(7)) Medical Information Bureau Occupational versus (MIB) Cancellation (44-710.04(8)) nonoccupational coverage

Medical examinations and lab Conformity with state statutes At-work benefits tests including HIV (RL 71- (44-710.04(9)) 531) Partial disability benefit Illegal occupation (44- Unfair discrimination (44-749) 710.04(10)) Residual disability benefit

Classification of risks Intoxicants and narcotics (44- Other provisions affecting income 710.04(11)) benefits Preferred 10.3 Other general provisions Cost of living adjustment Standard (COLA) rider Right to examine (free look) (44- Substandard 710.18) Future increase option (FIO) rider 9.8 Considerations in replacing Insuring clause health insurance Relation of earnings to Consideration clause insurance (44-710.04(6)) Pre-existing conditions Renewability clause (44-787) Other cash benefits Benefits, limitations and exclusions Noncancelable Accidental death and dismemberment Underwriting requirements Guaranteed renewable Rehabilitation benefit Producer liability for errors and Conditionally renewable omissions Medical reimbursement Renewable at option of benefit (nondisabling insurer injury)

10.0 Individual Sickness and Accident Nonrenewable (cancelable, Refund provisions Insurance Policy General term) Provisions 3% (4 Items) Return of premium

Cash surrender value 11.0 Disability Income and Related 10.1 Uniform required provisions Insurance 5% (7 Items) Exclusions (44-710.03) 40

NEBRASKA DEPARTMENT OF INSURANCE

11.3 Unique aspects of individual General characteristics Eligibility disability underwriting Preventive care services Guaranteed issue Occupational considerations Primary care physician versus Pre-existing conditions Benefit limits referral (specialty) physician Creditable coverage Policy issuance alternatives Emergency care Renewability 11.4 Group disability income insurance Hospital services 12.6 Health savings accounts (HSAs) Group versus individual plans Other basic services Definition Short-term disability (STD) Preferred provider organizations (PPOs) Eligibility Long-term disability (LTD) General characteristics Contribution limits 11.5 Business disability insurance Open panel or closed panel Key person disability income Types of parties to the 13.0 Group Sickness and Accident Disability buy-sell policy provider contract Insurance 10% (15 Items)

Business overhead expense policy Point-of-service (POS) plans

11.6 Social Security disability Nature and purpose 13.1 Characteristics of group insurance Qualification for disability benefits Out-of-network provider Group contract Definition of disability access (open-ended HMO) Certificate of coverage (44- Waiting period PCP referral (gatekeeper PPO) 761(2)) Disability income benefits Indemnity plan features Experience rating versus 11.7 Workers compensation community rating 12.3 Cost containment in health Eligibility care delivery 13.2 Types of eligible groups

Benefits Cost-saving services Employment-related groups

Preventive care Individual employer groups

12.0 Medical Plans 8% (12 Items) Hospital outpatient benefits Multiple-Employer Trusts (METs) or Welfare Alternatives to hospital Arrangements (MEWAs) services 12.1 Medical plan concepts Taft-Hartley Trusts Utilization management (44- Fee-for-service basis versus 5416–5431) Associations (alumni, prepaid basis professional, other) Prospective review Specified coverages versus Customer groups (depositors, comprehensive care Concurrent review creditor-debtor, other)

Benefit schedule versus 12.4 Nebraska requirements 13.3 Marketing considerations usual/reasonable/customary (individual and group) charges Advertising Eligibility requirements Any provider versus limited choice Regulatory jurisdiction/place of of providers Newborn child coverage (44- delivery 710.19) Insureds versus 13.4 Employer group health subscribers/participants Dependent coverage (44- insurance 710.01) 12.2 Types of providers and plans Nebraska underwriting Full-time students (44- requirements (44-760) Major medical insurance 710.01) (indemnity plans) Insurer underwriting criteria Benefit offers Characteristics Characteristics of group Treatment for alcoholism Common limitations (44-769–781) Plan design factors

Exclusions from coverage Treatment of bones or joints Persistency factors of the face, neck or head Administrative capability Provisions affecting cost to (44-789) insured Eligibility for insurance 12.5 HIPAA (Health Insurance Health maintenance organizations Portability and Accountability Annual open enrollment (HMOs) Act) requirements 41

NEBRASKA DEPARTMENT OF INSURANCE

Employee eligibility 501(c)(9) trust Individual eligibility requirements Dependent eligibility Fully self-funded (self- administered) plans Enrollment Coordination of benefits provision Characteristics Coverages and cost-sharing Change of insurance companies or amounts loss of coverage Conditions suitable for self- funding Part B — Medical Insurance Coinsurance and deductible carryover Benefits suitable for self- Individual eligibility funding requirements No-loss no-gain Enrollment Events that terminate coverage 14.0 Dental Insurance 1% (1 Item) Coverages and cost-sharing amounts Extension of benefits Exclusions Continuation of coverage 14.1 Types of dental treatment under COBRA and Nebraska Claims terminology and other specific rules (44-1640– Diagnostic and preventive key terms 1645) Restorative Part C — Medicare Advantage Conversion privilege (44- Oral surgery 1613; 44-32,130) Part D — Prescription Drug Endodontics Insurance 13.5 Small employer group medical plans Periodontics 15.2 Medicare supplements

Definition of small employer (44- Prosthodontics Purpose (Reg Ch 36 Sec 001) 5253) Orthodontics Open enrollment (Reg Ch 36 Sec Renewability of coverage (44- 011) 14.2 Indemnity plans 5259) Standardized Medicare Benefit plans offered — basic and Choice of providers supplement plans (Reg Ch 36 Sec 009) standard (44-5260) Scheduled versus nonscheduled Marketing (44-5266) (comprehensive) plans Core benefits

Prohibited practices (44-5266) Benefit categories Additional benefits

13.6 Regulation of employer Diagnostic/preventive Nebraska regulations and required group insurance plans services provisions

Employee Retirement Income Basic services Standards for marketing (Reg Ch 36 Sec 020) Security Act (ERISA) Major services Applicability Advertising (44-3608.01; Deductibles and coinsurance Reg Ch 36 Sec 019) Fiduciary responsibilities Combination plans Appropriateness of Reporting and disclosure Exclusions recommended purchase and excessive insurance Age Discrimination in Employment Limitations (Reg Ch 36 Sec 021) Act (ADEA) Predetermination of benefits Buyer's guide (Reg Ch 36 Applicability to employers Sec 017(017.01F)) and workers 14.3 Employer group dental expense Outline of coverage (44- Civil Rights Act/Pregnancy 3607; Reg Ch 36 Sec Discrimination Act Integrated deductibles versus 017(017.03)) stand-alone plans Applicability Guaranteed issue for eligible Minimizing adverse selection Guidelines persons (Reg Ch 36 Sec 012) 13.7 Types of funding and administration 15.0 Insurance for Senior Citizens and Right to return (free look) Special Needs Individuals (44-3608; Reg Ch 36 Sec Conventional fully-insured plans 5% (8 Items) 017(017.01E))

Modified fully-insured plans Unfair trade practices (44- 3610) Partially self-funded plans 15.1 Medicare Replacement (Reg Ch 36 Sec Stop-loss coverage Nature, financing and 018, 023) administration Administrative-services-only Minimum benefit standards (ASO) arrangements Part A — Hospital Insurance (Reg Ch 36 Sec 008)

NEBRASKA DEPARTMENT OF INSURANCE

Required disclosure Advertising (Reg Ch 46 Sec Medical expense insurance provisions (Reg Ch 36 Sec 019) 017) Long-term care insurance Shopper's guide (Reg Ch 46 Permitted compensation Sec 027) 16.2 Employer group health (Reg Ch 36 Sec 016) insurance Outline of coverage (44- Notice of change (Reg Ch 36 4516; Reg Ch 46 Sec 026) Disability income (STD, LTD) Sec 017(017.02)) Suitability (Reg Ch 46 Sec Medical and dental expense Medicare Select (Reg Ch 36 Sec 021) Long-term care insurance 010) Right to return (free look) Accidental death and 15.3 Other options for individuals (44-4515) dismemberment with Medicare Unintentional lapse (Reg Ch 16.3 Medical expense coverage Employer group health plans 46 Sec 007) for sole proprietors and Disabled employees Incontestability (44- partners 4517.01) Employees with kidney failure 16.4 Business disability insurance Replacement (Reg Ch 46 Sec Key person disability income Individuals age 65 and older 006(006.05), 012, 022) Buy-sell policy Medicaid Benefit standards (44-4509) Business overhead expense Eligibility Nonforfeiture (44-4517.02; Benefits Reg Ch 46 Sec 023) 16.5 Health savings accounts (HSAs) 15.4 Long-term care (LTC) Benefit triggers (Reg Ch 46 insurance Sec 024, 025)

LTC, Medicare and Medicaid Inflation protection (Reg Ch compared 46 Sec 011) Nebraska Consultant's Examination for Property and Casualty Insurance Eligibility for benefits Prohibited policy provisions (44-4513) Series 13-08 Levels of care Renewal considerations (Reg 150 questions – 2.5-hour time limit Skilled care Ch 46 Sec 006(006.01)) Effective Date: January 27, 2020 Intermediate care Continuation of benefits (Reg

Ch 46 Sec 006(006.04)) Custodial care Required disclosure 1.0 Insurance Regulation 5% Home health care (Reg Ch provisions (Reg Ch 46 Sec 1.1 Licensing 46 Sec 005(005.10), 010) 008) Process (44-4052, 4053) Types of licensees (44-4054) Adult day care (Reg Ch 46 Pre-existing conditions (44- Producers (44-4049, 4054) Sec 005(005.02)) 4513(2, 3)) Consultants (44-2606–2635) Respite care 15.5 Nebraska Comprehensive Resident versus nonresident (44-2625, 4055, 4063) Assisted living (Reg Ch 46 Health Insurance Pool Temporary (44-4058) Sec 005(005.21)) Eligibility (44-4221) Maintenance and duration Renewal (44-4054) Benefit periods Coverages and limits (44-4226; Name or address change Reg Ch 44 Sec 006, 007, 009, Benefit amounts (44-4054(8)) 010) Reporting of actions (44- Optional benefits Exclusions (44-4228(1)) 4065) Guarantee of insurability Assumed names (44-4057) Deductibles and coinsurance (44- Continuing education Return of premium 4226(3); Reg Ch 44 Sec 004, requirements including ethics 008) education (44-3901–3908) Qualified LTC plans Disciplinary actions

Exclusions (Reg Ch 46 Sec Right to hearing (44- 006(006.02)) 16.0 Federal Tax Considerations for 4059(2)) Sickness and Accident Insurance Suspension, revocation or LTC Partnerships 6% (9 Items) refusal to issue or renew (44-2633, 4059) Underwriting considerations Fines (44-2634, 4059(4)) Cease and desist order (44- Nebraska regulations and required 16.1 Personally-owned health 1529, 1542) provisions insurance 1.2 State regulation Standards for marketing Disability income insurance Director's general duties and (Reg Ch 46 Sec 020) powers (44-101.01, 2635)

NEBRASKA DEPARTMENT OF INSURANCE

Company regulation Surplus lines After-market parts regulation Certificate of authority (44- Private versus government (Reg Title 210 Chapter 45) 303) insurers 3.2 Commercial auto ('10) Capital and surplus Admitted versus nonadmitted Commercial auto coverage forms requirements (44-214, insurers Business auto 305) Domestic, foreign and alien Garage Unfair claims settlement insurers Business auto physical practices (44-1539, 1540) Financial status (independent damage Examination of books and rating services) Truckers records (44-1527, 5904) Marketing (distribution) systems Motor carrier Appointment (44-4061) 2.3 Producers and general rules of Coverage form sections Termination of appointment agency Covered autos (44-4062) Insurer as principal Liability coverage Unfair trade practices Producer/insurer relationship Garagekeepers coverage complaint register (44- Authority and powers of licensees Trailer interchange coverage 1525(9); Reg Ch 21) Express Physical damage coverage Producer regulation Implied Exclusions Sharing commissions (44- Apparent Conditions 4060) Responsibilities to the Definitions Controlled business (44- applicant/insured Selected endorsements 361.01, .02) 2.4 Contracts Deductible liability coverage Prohibited fees or charges Elements of a legal contract (CA 03 01) (44-354) Offer and acceptance Lessor — additional insured Records retention (44-5905) Consideration and loss payee (CA 20 01) Unfair trade practices Competent parties Mobile equipment (CA 20 Misrepresentation (44- Legal purpose 15) 1525(1)) Distinct characteristics of an Broad form products False advertising (44- insurance contract coverage (CA 25 01) 1525(2)) Contract of adhesion False pretense coverage (CA Defamation of insurer (44- Aleatory contract 25 03) 1525(3)) Personal contract Auto medical payments Boycott, coercion or Unilateral contract coverage (CA 99 03) intimidation (44-1525(4)) Conditional contract Drive other car coverage (CA Unfair discrimination (44- Legal interpretations affecting 99 10) 1525(7)) contracts Hired autos specified as Rebating (44-361, 1525(8)) Ambiguities in a contract of covered autos you own Insurance Fraud Act (44-6601– adhesion (CA 99 16) 6608) Reasonable expectations Individual named insured Privacy of Insurance Consumer Indemnity (CA 99 17) Information Act (44-901–925) Utmost good faith Employees as insureds (CA 1.3 Federal regulation Representations/misrepresen 99 33) Fair Credit Reporting Act (15 USC tations Pollution liability — 1681–1681d) Warranties broadened coverage (CA Fraud and false statements Concealment 99 48; CA 99 55) Fraud Commercial carrier regulations 2.0 General Insurance 5% Waiver and estoppel The Motor Carrier Act of 1980 2.1 Concepts Endorsement for motor Risk management key terms 3.0 Auto Insurance 15% carrier policies of insurance Risk 3.1 Laws for public liability (MCS-90) Exposure Nebraska Motor Vehicle Safety Hazard Responsibility Act (RL 60-501– 4.0 Commercial Package Policy (CPP) Peril 569) 30% Loss Required limits of liability 4.1 Components of a commercial Methods of handling risk (RL 60-501(10), 534) policy Avoidance Required proof of financial Common policy declarations Retention responsibility (RL 60-346) Common policy conditions Sharing Nebraska Automobile Insurance Interline endorsements Reduction Plan One or more coverage parts Transfer Uninsured/underinsured motorist 4.2 Commercial general liability Elements of insurable risks (44-6401–6414) ('13) Adverse selection Definitions Commercial general liability Law of large numbers Bodily injury coverage forms Reinsurance Required limits Bodily injury and property 2.2 Insurers Cancellation/nonrenewal damage liability Types of insurers Grounds (44-515) Personal and advertising Stock companies Notice (44-516–519, 523; injury liability Mutual companies RL 60-544) Medical payments Fraternal benefit societies Notice of eligibility in Exclusions Reciprocals assigned risk plan (44- Supplementary payments Lloyd's associations 520) Who is an insured Risk retention groups Limits of insurance

NEBRASKA DEPARTMENT OF INSURANCE

Conditions Extortion — commercial 5.1 Characteristics and purpose Definitions entities (CR 04 03) 5.2 Businessowners Section I — Occurrence versus claims-made Lessees of safe deposit boxes Property Premises and operations (CR 04 09) Coverage Products and completed Securities deposited with Exclusions operations others (CR 04 10) Limits Insured contract Guests' property (CR 04 11) Deductibles Owners and contractors protective Safe depository (CR 04 12) Loss conditions liability coverage form 4.5 Commercial inland marine General conditions Pollution liability ('04) Optional coverages Pollution liability coverage Nationwide marine definition Definitions form (CG 00 39) Commercial inland marine 5.3 Businessowners Section II — Pollution liability limited conditions form Liability coverage form (CG 00 40) Inland marine coverage forms Coverages Pollution liability coverage Accounts receivable Exclusions extension endorsement Bailee's customer Who is an insured (CG 04 22) Commercial articles Limits of insurance 4.3 Commercial property ('12) Contractors equipment floater General conditions Commercial property conditions Electronic data processing Definitions form Equipment dealers 5.4 Businessowners Section III — Coverage forms Installation floater Common Policy Conditions Building and personal Jewelers block 5.5 Selected endorsements property Signs Hired auto and non-owned auto Condominium association Valuable papers and records liability (BP 04 04) Condominium commercial Transportation coverages Protective safeguards (BP 04 30) unit-owners Common carrier cargo Utility services — direct damage Builders risk liability (BP 04 56) Business income Motor truck cargo forms Utility services — time element Legal liability Transit coverage forms (BP 04 57) Extra expense 4.6 Equipment breakdown ('13) Causes of loss forms Equipment breakdown protection 6.0 Workers Compensation Insurance Basic coverage form (EB 00 20) 14% Broad Selected endorsement 6.1 Workers compensation laws Special Actual cash value (EB 99 59) Types of laws Selected endorsements 4.7 Farm coverage Monopolistic versus Ordinance or law coverage Farm property coverage forms competitive (CP 04 05) ('03) Compulsory versus elective Spoilage coverage (CP 04 Coverage A — Dwellings Nebraska Workers' Compensation 40) Coverage B — Other private Act Peak season limit of structures Exclusive remedy (RL 48- insurance (CP 12 30) Coverage C — Household 111) Value reporting form (CP 13 personal property Employment covered 10) Coverage D — Loss of use (required, voluntary) (RL 4.4 Commercial crime ('06) Coverage E — Scheduled 48-106, 114, 115) General definitions farm personal property Covered injuries (RL 48-101, Burglary Coverage F — Unscheduled 102, 127, 151(2)(4–8)) Theft farm personal property Occupational disease (RL 48- Robbery Coverage G — Other farm 151(3)) Crime coverage forms structures Benefits provided (RL 48- Commercial crime coverage Farm liability coverage forms 119–126, 162.01) forms (discovery/loss ('06) Workers' Compensation Trust sustained) Coverage H — Bodily injury Fund (RL 48-128, 162.02) Government crime coverage and property damage Federal workers compensation forms (discovery/loss liability laws sustained) Coverage I — Personal and Federal Employers Liability Coverages advertising injury liability Act (FELA) (45 USC 51– Employee theft Coverage J — Medical 60) Forgery or alteration payments U.S. Longshore and Harbor Inside the premises — theft Mobile agricultural machinery and Workers' Compensation Act of money and securities equipment coverage form (33 USC 901–944, 948-950 Inside the premises — Livestock coverage form ) robbery or safe burglary of Definitions The Jones Act (46 USC 688) other property Causes of loss (basic, broad and 6.2 Workers compensation and Outside the premises special) employers liability insurance Computer fraud Conditions policy Funds transfer fraud Exclusions General sections Money orders and counterfeit Limits Part One — Workers money Additional coverages compensation insurance Other crime coverages Part Two — Employers liability 5.0 Businessowners ('13) Policy 4% insurance 45

NEBRASKA DEPARTMENT OF INSURANCE

Part Three — Other states Joint underwriting or joint Sharing commissions (44- insurance reinsurance pool (44-7525) 4060) Part Four — Your duties if injury 7.10 Alternative funding Controlled business (44- occurs mechanisms 361.01, .02) Part Five — Premium Self-insured Prohibited fees or charges Part Six — Conditions Pooling (44-354) Selected endorsements Risk retention groups Records retention (44-5905) Voluntary compensation Captives Unfair trade practices Foreign coverage 7.11 Federal Terrorism Insurance Misrepresentation (44- endorsement Program (15 USC 6701; Public 1525(1)) 6.3 Premium computation Law 107–297, 109–144, 110– False advertising (44- Job classification — payroll and 160) 1525(2)) rates Defamation of insurer (44- Experience modification factor 1525(3)) Premium discounts Nebraska Producer's Examination for Boycott, coercion or Participating (dividend) plans Crop Insurance intimidation (44-1525(4)) Retrospective rating Unfair discrimination (44- 6.4 Other sources of coverage Series 13-09 1525(7)) Nebraska Workers' Compensation Rebating (44-361, 1525(8)) 60 questions - 1-hour time limit Plan (RL 44-3,158) Insurance Fraud Act (44-6601– Self-insured employers and Effective Date: January 27, 2020 6608) employer groups (RL 48- Privacy of Insurance Consumer 144.02(2), 48-145) Information Act (44-901–925) 1.0 Insurance Regulation 10% 1.3 Federal regulation 7.0 Other Coverages and Options 27% 1.1 Licensing Fair Credit Reporting Act (15 USC 7.1 Umbrella/excess liability Process (44-4052, 4053) 1681–1681d) policies Types of licensees (44-4054) Fraud and false statements Personal (DL 98 01) Producers (44-4049, 4054) 2.0 General Insurance 10% Commercial (CU 00 01) Consultants (44-2606–2635) 7.2 Specialty liability insurance Resident versus nonresident 2.1 Concepts Errors and omissions (44-2625, 4055, 4063) Risk management key terms Professional liability Temporary (44-4058) Risk Directors and officers liability Maintenance and duration Exposure Fiduciary liability Renewal (44-4054) Hazard Liquor liability Name or address change Peril Employment practices liability (44-4054(8)) Loss 7.3 Surplus lines Reporting of actions (44- Methods of handling risk Definitions and markets 4065) Avoidance Licensing requirements Assumed names (44-4057) Retention 7.4 Surety bonds Continuing education Sharing Principal, obligee, surety requirements including ethics Reduction Contract bonds education (44-3901–3908) Transfer License and permit bonds Disciplinary actions Elements of insurable risks Judicial bonds Right to hearing (44- Adverse selection 7.5 Aviation insurance 4059(2)) Law of large numbers Aircraft hull Suspension, revocation or Reinsurance Aircraft liability refusal to issue or renew 2.2 Insurers Airport liability (44-2633, 4059) Types of insurers Hangarkeepers legal liability Fines (44-2634, 4059(4)) Stock companies 7.6 Ocean marine insurance Cease and desist order (44- Mutual companies Major coverages 1529, 1542) Fraternal benefit societies Hull insurance 1.2 State regulation Reciprocals Cargo insurance Director's general duties and Lloyd's associations Freight insurance powers (44-101.01, 2635) Risk retention groups Protection and indemnity Company regulation Surplus lines Implied warranties Certificate of authority (44- Private versus government Perils 303) insurers General and particular average Capital and surplus Admitted versus nonadmitted 7.7 National Flood Insurance requirements (44-214, insurers Program 305) Domestic, foreign and alien "Write your own" versus Unfair claims settlement insurers government practices (44-1539, 1540) Financial status (independent Eligibility Examination of books and rating services) Coverage records (44-1527, 5904) Marketing (distribution) systems Limits Appointment (44-4061) 2.3 Producers and general rules of Deductibles Termination of appointment agency 7.8 Other policies (44-4062) Insurer as principal Boatowners Unfair trade practices Producer/insurer relationship Difference in conditions complaint register (44- Authority and powers of licensees 7.9 Residual markets 1525(9); Reg Ch 21) Express Producer regulation Implied 46

NEBRASKA DEPARTMENT OF INSURANCE

Apparent Eligibility Conflict of Interest (44-9217) Responsibilities to the Insureds Examination (44-9208) applicant/insured Insurable crops 1.2 Maintenance and duration 2.4 Contracts Actuarial document books Renewal (44-9210) Elements of a legal contract Yield guarantee Contract requirements (44-9214) Offer and acceptance Actual production history Reporting Requirements (44- Consideration (APH) 9210(3)) Competent parties Assigned yield Continuing education Legal purpose Transitional yield requirements including ethics Distinct characteristics of an Coverage level education (44-9213) insurance contract Market price percentage Fiduciary Account (44-9215) Contract of adhesion Covered causes of loss Public Adjuster Fee/Compensation Aleatory contract Application (44-9218) Personal contract Basic unit Record Retention Requirements Unilateral contract Administrative fee (44-9216) Conditional contract Production records 1.3 Disciplinary actions Legal interpretations affecting Acreage reporting Suspension, revocation or refusal contracts Disqualification of producer to issue or renew (44-9211(1)) Ambiguities in a contract of Life of policy Administrative Fine (44-9211(4)) adhesion Continuous Unfair Trade Practice (44-1529, Reasonable expectations Cancellation 44-1541, 44-1542) Indemnity Termination 1.4 Claim settlement laws and Utmost good faith 4.2 Multiple peril policy options regulations Representations/misrepresen Levels of coverage 1.5 State regulation tations Price election Unfair trade practices (44-1525) Warranties Optional units Unfair Claims Settlement Practices Concealment High-risk land exclusion (44-1539, 1540, Chapter 60, Fraud Hail/fire exclusion Nebraska Administrative Code) Waiver and estoppel Replant payments Examination of books and records Late planting coverage (44-5904, 44-9216) 3.0 Crop-Hail Insurance 29% Prevented planting coverage 3.1 Eligibility Transfer of coverage Insureds Assignment of indemnity 2.0 Insurance Basics 5% Insurable crops Revenue Plan Choice 2.1 Contract basics 3.2 Application Revenue Protection (RP) Elements of a legal contract Binder Revenue Protection with Offer and acceptance Declarations section Harvest Price Exclusion Consideration Required signatures (RPHPE) Competent parties Required information 4.3 Other provisions Legal purpose Provision for company rejection Individual crop Distinct characteristics of an 3.3 Term of coverage Small grain insurance contract Effective date Coarse grain Contract of adhesion Inception of coverage Priorities of conflicts between Aleatory contract Expiration provisions Personal contract Cancellation Duties after loss Conditional contract 3.4 Perils insured against Insured Legal interpretations affecting 3.5 Exclusions Insurer contracts 3.6 Limits of coverage 4.4 Additional programs Ambiguities in a contract of Insurable value Area Risk Plans (ARP)/(ARPHPE) adhesion Percentage plan Livestock Risk Protection (LRP) Reasonable expectations Deductibles Pasture Rangeland and Forage Indemnity Reduction of insurance (PRF) Utmost good faith 3.7 Other provisions Livestock gross margin (LGM) Representations/misrepresen Replanting clause tations Acreage variation Warranties Transit extension Nebraska Public Adjuster Examination Concealment Fire department service charge Series 13-10 Fraud Pro rata liability clause Waiver and estoppel Fire and lightning coverage 100 questions - 2-hour time limit 2.2 Insurance principles and Catastrophe loss award Effective Date: January 27, 2020 concepts Assignment Insurable interest

Subrogation Direct loss 3.8 Claim settlement practices 1.0 Insurance Regulation 20% Basic types of construction Notice of loss Loss valuation 1.1 Licensing Insured's duties after loss Actual cash value Qualifications (44-9204, 44- Appraisal/arbitration Replacement cost 9205) Functional replacement cost Business Entity (44-9207) 4.0 Federal Multi-Peril Crop Insurance Market value Non Resident (44-9206) Programs 51% Agreed value Bond (44-9212) 4.1 Basic crop insurance Stated amount 47

NEBRASKA DEPARTMENT OF INSURANCE

Valued policy 4.1 Characteristics and purpose Building and personal 2.3 Policy structure 4.2 Coverage forms — Perils property Declarations insured against Condominium association Definitions Basic Condominium commercial Insuring agreement or clause Broad unit-owners Additional/supplementary Special Builders risk coverage 4.3 Property coverages Business income Conditions Coverage A — Dwelling Extra expense Exclusions Coverage B — Other structures Cause of loss forms Endorsements Coverage C — Personal property Basic 2.4 Common policy provisions Coverage D — Fair rental value Broad Policy period Coverage E — Additional living Special Policy territory expense Selected endorsements Cancellation and nonrenewal Other coverages Ordinance or law coverage Deductibles 4.4 General exclusions (CP 04 05) Other insurance 4.5 Conditions Spoilage coverage (CP 04 Nonconcurrency 4.6 Selected endorsements 40) Primary and excess Special provisions — Nebraska Peak season limit of Pro rata (DP 01 26) insurance (CP 12 30) Policy limits Automatic increase in insurance Earthquake and volcanic Restoration/nonreduction of limits (DP 04 11) eruption (CP 10 40) Coinsurance Broad theft coverage (DP 04 72) Flood coverage (CP 10 65) Vacancy or unoccupancy Dwelling under construction (DP Value reporting form (CP 13 Assignment 11 43) 10) Liberalization 6.3 Commercial inland marine Third-party provisions Nationwide marine definition Standard mortgage clause 5.0 Homeowners ('11) Policy — Section (Reg 211 CMR 10.00) Loss payable clause I 15% Commercial inland marine 2.5 Nebraska laws, regulations 5.1 Coverage forms conditions form and required provisions HO-2 through HO-6 Inland marine coverage forms Insurers Insolvency Fund (44- 5.2 Definitions Accounts receivable 2401 to 44-2418) 5.3 Section I — Property Contractors equipment floater Nebraska standard fire policy coverages Electronic data processing (44-501) Coverage A — Dwelling Equipment dealers Concealment, misrepresentation Coverage B — Other structures Installation floater or fraud (44-358, 44-393) Coverage C — Personal property Signs Federal Terrorism Insurance Coverage D — Loss of use Valuable papers and records Program (15 USC 6701; Public Additional coverages 6.4 Equipment breakdown ('11) Law 107-297, 109-144, 110- 5.4 Perils insured against Equipment breakdown protection 160) 5.5 Exclusions coverage form (EB 00 20) 5.6 Conditions Selected endorsement 5.7 Selected endorsements Actual cash value (EB 99 59) 3.0 Adjusting Losses 15% Special provisions — Nebraska 3.1 Role of the adjuster (HO 01 26) Duties and responsibilities Limited fungi, wet or dry rot, or 7.0 Businessowners ('13) Policy — Independent adjuster versus bacteria coverage (HO 04 26, Property 15% public adjuster HO 04 27) 7.1 Characteristics and purpose Relationship to the legal Permitted incidental occupancies 7.2 Businessowners Section I — profession — residence premises (HO 04 Property 3.2 Property losses 42) Coverage Duties of insured after a loss Earthquake (HO 04 54) Exclusions Notice to insurer Scheduled personal property (HO Limits of insurance Minimizing the loss 04 61) Deductibles Proof of loss Personal property replacement Loss conditions Special requirements cost (HO 04 90) General conditions Production of books and Home day care (HO 04 97) Optional coverages records Definitions Abandonment 7.3 Businessowners Section III — Determining value and loss 6.0 Commercial Package Policy (CPP) Common Policy Conditions Burden of proof of value and 14% 7.4 Selected endorsements loss 6.1 Components of a commercial Protective safeguards (BP 04 30) Estimates policy Utility services — direct damage Depreciation Common policy declarations (BP 04 56) Salvage Common policy conditions Utility services — time element Claim settlement options Interline endorsements (BP 04 57) Payment and discharge One or more coverage parts 3.3 Claims adjustment procedures 6.2 Commercial property ('12) Subrogation procedures Commercial property conditions 8.0 Other Coverages and Options 1% form 8.1 National Flood Insurance Coverage forms Program 4.0 Dwelling ('14) Policy 15%

NEBRASKA DEPARTMENT OF INSURANCE

"Write your own" versus Authority and powers of licensees Loss covered by other insurance government Express 4.5 Uniform policy provisions Eligibility Implied Notice of claim Coverages Apparent Claim payment Limits Responsibilities to the Change of beneficiary Deductibles applicant/insured Entire contract 2.4 Contracts Elements of a legal contract Nebraska Producer's Examination for Offer and acceptance Nebraska Producer's Examination for Motor Club Consideration Title Insurance Competent parties Series 13-13 Legal purpose Series 13-16 Distinct characteristics of an 40 questions - 1-hour time limit 50 questions - 1-hour time limit insurance contract Effective Date: January 27, 2020 Contract of adhesion Effective Date: January 27, 2020 Aleatory contract Personal contract 1.0 Motor Club Regulations 25% (10 Unilateral contract 1.0 Insurance Regulation 12% Items) Conditional contract 1.1 Licensing 1.1 Certificate of authority (44- Legal interpretations affecting Process (44-4052, 4053) 3712, 3713) contracts Types of licensees (44-4054) 1.2 Representative requirements Ambiguities in a contract of Producers (44-4049, 4054) for registration (44-3716) adhesion Resident versus nonresident 1.3 Disciplinary actions (44-3714, Reasonable expectations (44-19, 109; 4055, 4063) 3717, 3721) Indemnity Temporary (44-4058) Cease and desist orders Utmost good faith Maintenance and duration Revocation Representations/misrepresen Renewal (44-4054) Suspension tations Name or address change Warranties (44-4054(8)) 2.0 General Insurance 5% (2 Items) Concealment Reporting of actions (44- Fraud 2.1 Concepts 4065) Waiver and estoppel Risk management key terms Assumed names (44-4057) Continuing education Risk 3.0 Motor Clubs 50% (20 Items) Exposure requirements including Hazard 3.1 Motor club services (44-3707) ethics education (44- Peril Towing 3901–3908) Loss Bail and arrest bond Disciplinary actions Methods of handling risk Emergency road Right to hearing (44- Avoidance Claim adjustment 4059(4)) Retention Legal Suspension, revocation or Sharing Theft refusal to issue or renew Reduction Map (44-4059)(2) Transfer Emergency travel expense Fines (44-4059(4)), (44-19, Elements of insurable risks Community traffic safety 102) Adverse selection Merchandise and discount Cease and desist order (44- Law of large numbers Travel and touring information 1529, 1542, 44-19, Reinsurance Guaranteed hotel or motel rate 120.01) 2.2 Insurers New car pricing 1.2 State regulation Types of insurers Financial Director's general duties and Stock companies Check cashing powers (44-101.01) Mutual companies Personal property registration Company regulation Fraternal benefit societies Buying and selling Certificate of authority (44- Reciprocals License 303) Lloyd's associations Credit card Capital and surplus Risk retention groups Insurance requirements (44-214, Surplus lines 305) 4.0 Accidental Injury and Death Private versus government Unfair claims settlement Benefits 20% (8 Items) insurers practices (44-1539, 1540; Admitted versus nonadmitted 4.1 Definitions Reg Ch 60) insurers 4.2 Insuring agreement Examination of books and Domestic, foreign and alien 4.3 Provisions records (44-19, 110, 117; insurers Death, dismemberment and loss 44-1527, 5904, 5905) Financial status (independent of sight Appointment (44-4061) rating services) Double indemnity for conveyance Termination of appointment Marketing (distribution) systems accidents (44-4062) 2.3 Producers and general rules of Blanket accidental medical Unfair trade practices agency expense complaint register (44- Insurer as principal 4.4 Exclusions 1525(9); Reg Ch 21) Producer/insurer relationship Suicide Producer regulation Pre-existing conditions 49

NEBRASKA DEPARTMENT OF INSURANCE

Sharing commissions (44- Conditional contract 3.6 Title insurance 4060) Legal interpretations affecting Security interests Controlled business (44-19, contracts 112, 113; 44-361.01, .02) Ambiguities in a contract of 4.0 Title Insurance 30% Prohibited fees or charges adhesion 4.1 Title insurance principles (44-354) Reasonable expectations Risks covered by title insurance Records retention (44- Indemnity Risk of error in public records 19,100; 44-5905; Reg Ch Utmost good faith Hidden off-record title risks 34) Representations/misrepresen Risk of omission and Unfair trade practices tations commission by agent Misrepresentation (44- Warranties Entities that can be insured; need 1525(1)) Concealment for insurance False advertising (44- Fraud Individual 1525(2)) Waiver and estoppel Commercial Defamation of insurer (44- Interests that can be insured 1525(3)) 3.0 Real Property 26% Fee simple estates Boycott, coercion or 3.1 Concepts, principles and Leasehold estate intimidation (44-1525(4)) practices Life estate Unfair discrimination (44- Definition of real property Easements 1525(7)) Types of real property Title insurance forms Rebating (44-19,111) Title to real property Commitments Insurance Fraud Act (44-6601– Marketable title Owner's policy 6608) 3.2 Acquisition and transfer of Loan policy Privacy of Insurance Consumer real property Leasehold policy Information Act (44-901–925) Conveyances Title insurance policy structure 1.3 Federal regulation Encumbrances and provisions Fair Credit Reporting Act (15 USC Adverse possession Insuring provisions 1681–1681d) Condemnation Schedule A Fraud and false statements Accession Schedule B — Exceptions Dedication from coverage 2.0 General Insurance 8% Escheats Exclusions from coverage 2.1 Concepts Involuntary alienation Conditions and stipulations Risk management key terms Abandonment Endorsements Risk Judicial sales Rates and premiums Exposure Decedent's estates 4.2 Title searching techniques Hazard Intestate Hard copy index Peril Testate Computer index Loss Trusts Chain sheet Methods of handling risk Wills Avoidance Types of joint ownership 5.0 Title Exceptions and Procedures for Retention Tenants in common Clearing Title 24% Sharing Joint tenancy 5.1 Principles and concepts Reduction Acknowledgments General exceptions Transfer Legal capacity of parties Voluntary and involuntary liens Elements of insurable risks Individuals Federal liens Adverse selection Corporations Deeds of trust Insurable interest General partnerships Judgments Law of large numbers Limited partnerships Taxes and assessments Reinsurance Fictitious names Surveys 2.2 Producers and general rules of Trust agreements Condominiums agency Limited Liability Company Water rights Insurer as principal (LLC) Mineral rights Producer/insurer relationship 3.3 Legal descriptions Equitable interests Authority and powers of licensees Types of legal descriptions Attachments Express Types of measurements used Executions Implied Language of legal descriptions Covenants Apparent Structure and format Conditions Responsibilities to the Interpretation Restrictions applicant/insured 3.4 Escrow principles 5.2 Special problem areas and 2.3 Contracts Escrow terminology concerns Elements of a legal contract Types of escrows Acknowledgments Offer and acceptance Escrow contracts Mechanic's lien Consideration Fiduciary responsibilities of Bankruptcy Competent parties escrow agents Probate Legal purpose 3.5 Recording Good faith Distinct characteristics of an Types of records Foreclosure insurance contract Types of recording systems Forfeiture Contract of adhesion Requirements to record Claims against the title Aleatory contract Recording steps Lis pendens Personal contract Acknowledgments 5.3 Principles of clearing title Unilateral contract Presumptions Releases 50

NEBRASKA DEPARTMENT OF INSURANCE

Assignments Sharing commissions (44- Implied Subordinations 4060) Apparent Affidavits Controlled business (44- Responsibilities to the Reconveyances 361.01, .02) applicant/insured 5.4 Settlement or closing Prohibited fees or charges 2.4 Contracts procedures (44-354) Elements of a legal contract Real Estate Settlement Records retention (44-5905) Offer and acceptance Procedures Act (RESPA) Unfair trade practices Consideration Insured closing protection Misrepresentation (44- Competent parties Escrow account rules 1525(1)) Legal purpose False advertising (44- Distinct characteristics of an 1525(2)) insurance contract Defamation of insurer (44- Contract of adhesion Nebraska Producer's Examination for 1525(3)) Aleatory contract Personal Lines Insurance Boycott, coercion or Personal contract Series 13-21 intimidation (44-1525(4)) Unilateral contract Unfair discrimination (44- Conditional contract 100 questions - 2-hour time limit 1525(7)) Legal interpretations affecting Effective Date: January 27, 2020 Rebating (44-361, 1525(8)) contracts Insurance Fraud Act (44-6601– Ambiguities in a contract of 6608) adhesion Privacy of Insurance Consumer Reasonable expectations 1.0 Insurance Regulation 12% Information Act (44-901–925) Indemnity 1.1 Licensing 1.3 Federal regulation Utmost good faith Process (44-4052, 4053) Fair Credit Reporting Act (15 USC Representations/misrepresen Types of licensees (44-4054) 1681–1681d) tations Producers (44-4049, 4054) Fraud and false statements Warranties Consultants (44-2606–2635) Concealment Resident versus nonresident 2.0 General Insurance 12% Fraud (44-2625, 4055, 4063) 2.1 Concepts Waiver and estoppel Temporary (44-4058) Risk management key terms Maintenance and duration Risk 3.0 Property and Casualty Insurance Renewal (44-4054) Exposure Basics 16% Name or address change Hazard 3.1 Principles and concepts (44-4054(8)) Peril Insurable interest Reporting of actions (44- Loss Underwriting 4065) Methods of handling risk Function Assumed names (44-4057) Avoidance Loss ratio Continuing education Retention Rates requirements including ethics Sharing Types education (44-3901–3908) Reduction Loss costs Disciplinary actions Transfer Components Right to hearing (44- Elements of insurable risks Hazards 4059(2)) Adverse selection Physical Suspension, revocation or Law of large numbers Moral refusal to issue or renew Reinsurance Morale (44-2633, 4059) 2.2 Insurers Negligence Fines (44-2634, 4059(4)) Types of insurers Elements of a negligent act Cease and desist order (44- Stock companies Defenses against negligence 1529, 1542) Mutual companies Damages 1.2 State regulation Fraternal benefit societies Compensatory — special Director's general duties and Reciprocals versus general powers (44-101.01, 2635) Lloyd's associations Punitive Company regulation Risk retention groups Absolute liability Certificate of authority (44- Surplus lines Strict liability 303) Private versus government Vicarious liability Capital and surplus insurers Causes of loss (perils) requirements (44-214, Admitted versus nonadmitted Concurrent causation 305) insurers Named perils versus special Unfair claims settlement Domestic, foreign and alien (open) perils practices (44-1539, 1540) insurers Direct loss Examination of books and Financial status (independent Consequential or indirect loss records (44-1527, 5904) rating services) Blanket versus specific insurance Appointment (44-4061) Marketing (distribution) systems Basic types of construction Termination of appointment 2.3 Producers and general rules of Loss valuation (44-4062) agency Actual cash value Unfair trade practices Insurer as principal Replacement cost complaint register (44- Producer/insurer relationship Functional replacement cost 1525(9); Reg Ch 21) Authority and powers of licensees Market value Producer regulation Express Agreed value 51

NEBRASKA DEPARTMENT OF INSURANCE

Stated amount Coverage E — Additional living Notice (44-516–519, 523; 3.2 Policy structure expense RL 60-544) Declarations Other coverages Notice of eligibility in Definitions 4.4 General exclusions assigned risk plan (44- Insuring agreement or clause 4.5 Conditions 520) Additional/supplementary 4.6 Selected endorsements After-market parts regulation coverage Special provisions — Nebraska (Reg Title 210 Chapter 45) Conditions (DP 01 26) 6.2 Personal auto ('05) Exclusions Automatic increase in insurance Definitions Endorsements (DP 04 11) Liability coverage 3.3 Common policy provisions Broad theft coverage (DP 04 72) Bodily injury and property Insureds — named, first named, Dwelling under construction (DP damage additional 11 43) Supplementary payments Policy period 4.7 Personal liability supplement Exclusions Policy territory Medical payments coverage Cancellation and nonrenewal 5.0 Homeowners ('11) Policy 22% Uninsured motorists coverage Deductibles 5.1 Coverage forms Coverage for damage to your auto Other insurance HO-2 through HO-6 Collision Nonconcurrency 5.2 Definitions Other than collision Primary and excess 5.3 Section I — Property Deductibles Pro rata coverages Transportation expense Limits of liability Coverage A — Dwelling Exclusions Per occurrence (accident) Coverage B — Other structures Duties after an accident or loss Per person Coverage C — Personal property General provisions Split Coverage D — Loss of use Selected endorsements Combined single Additional coverages Amendment of policy Restoration/nonreduction of limits 5.4 Section II — Liability provisions — Nebraska (PP Coinsurance coverages 01 85) Vacancy or unoccupancy Coverage E — Personal liability Towing and labor costs (PP Named insured provisions Coverage F — Medical payments 03 03) Duties after loss to others Extended non-owned Assignment Additional coverages coverage – vehicles Abandonment 5.5 Perils insured against furnished or available for Insurer provisions 5.6 Exclusions regular use (PP 03 06) Liberalization 5.7 Conditions Miscellaneous type vehicle Subrogation 5.8 Selected endorsements (PP 03 23) Salvage Special provisions — Nebraska Joint ownership coverage (PP Claim settlement options (HO 01 26) 03 34) Duty to defend Limited fungi, wet or dry rot, or Third-party provisions bacteria coverage (HO 04 26, 7.0 Other Coverages and Options 6% Standard mortgage clause HO 04 27) 7.1 Umbrella/excess liability Loss payable clause Permitted incidental occupancies policies No benefit to the bailee (HO 04 42) Personal (DL 98 01) 3.4 Nebraska laws, regulations Earthquake (HO 04 54) 7.2 National Flood Insurance and required provisions Scheduled personal property (HO Program Nebraska Valued Policy Law (44- 04 61) "Write your own" versus 501.02) Personal property replacement government Nebraska Property and Liability cost (HO 04 90) Eligibility Insurance Guaranty Association Home day care (HO 04 97) Coverage (44-2401–2418) Business pursuits (HO 24 71) Limits Cancellation and nonrenewal (44- Watercraft (HO 24 75) Deductibles 522) Personal injury (HO 24 82) 7.3 Other policies Concealment, misrepresentation Boatowners or fraud (44-358; 44-6601– 6.0 Auto Insurance 22% 6608; RL 28-631) 6.1 Laws Rate and Form Act (44-7501– Nebraska Motor Vehicle Safety 7535) Responsibility Act (RL 60-501– Nebraska Producer's Examination for 569) Property Insurance 4.0 Dwelling ('02) Policy 10% Required limits of liability Series 13-22 4.1 Characteristics and purpose (RL 60-501(10), 534) 4.2 Coverage forms — Perils Required proof of financial 100 questions - 2-hour time limit insured against responsibility (RL 60-346) Effective Date: January 27, 2020 Basic Nebraska Automobile Insurance Broad Plan Special Uninsured/underinsured motorist 4.3 Property coverages (44-6401–6414) 1.0 Insurance Regulation 12% Coverage A — Dwelling Definitions 1.1 Licensing Coverage B — Other structures Bodily injury Process (44-4052, 4053) Coverage C — Personal property Required limits Types of licensees (44-4054) Coverage D — Fair rental value Cancellation/nonrenewal Producers (44-4049, 4054) Grounds (44-515) Consultants (44-2606–2635) 52

NEBRASKA DEPARTMENT OF INSURANCE

Resident versus nonresident 2.1 Concepts Waiver and estoppel (44-2625, 4055, 4063) Risk management key terms Temporary (44-4058) Risk 3.0 Property and Casualty Insurance Maintenance and duration Exposure Basics 16% Renewal (44-4054) Hazard 3.1 Principles and concepts Name or address change Peril Insurable interest (44-4054(8)) Loss Underwriting Reporting of actions (44- Methods of handling risk Function 4065) Avoidance Loss ratio Assumed names (44-4057) Retention Rates Continuing education Sharing Types requirements including ethics Reduction Loss costs education (44-3901–3908) Transfer Components Disciplinary actions Elements of insurable risks Hazards Right to hearing (44- Adverse selection Physical 4059(2)) Law of large numbers Moral Suspension, revocation or Reinsurance Morale refusal to issue or renew 2.2 Insurers Causes of loss (perils) (44-2633, 4059) Types of insurers Concurrent causation Fines (44-2634, 4059(4)) Stock companies Named perils versus special Cease and desist order (44- Mutual companies (open) perils 1529, 1542) Fraternal benefit societies Direct loss 1.2 State regulation Reciprocals Consequential or indirect loss Director's general duties and Lloyd's associations Blanket versus specific insurance powers (44-101.01, 2635) Risk retention groups Basic types of construction Company regulation Surplus lines Loss valuation Certificate of authority (44- Private versus government Actual cash value 303) insurers Replacement cost Capital and surplus Admitted versus nonadmitted Functional replacement cost requirements (44-214, insurers Market value 305) Domestic, foreign and alien Agreed value Unfair claims settlement insurers Stated amount practices (44-1539, 1540) Financial status (independent 3.2 Policy structure Examination of books and rating services) Declarations records (44-1527, 5904) Marketing (distribution) systems Definitions Appointment (44-4061) 2.3 Producers and general rules of Insuring agreement or clause Termination of appointment agency Additional/supplementary (44-4062) Insurer as principal coverage Unfair trade practices complaint register Producer/insurer relationship Conditions (44-1525(9); Reg Ch 21) Authority and powers of licensees Exclusions Producer regulation Express Endorsements Sharing commissions (44- Implied 3.3 Common policy provisions 4060) Apparent Insureds — named, first named, Controlled business (44- Responsibilities to the additional 361.01, .02) applicant/insured Policy period Prohibited fees or charges 2.4 Contracts Policy territory (44-354) Elements of a legal contract Cancellation and nonrenewal Records retention (44-5905) Offer and acceptance Deductibles Unfair trade practices Consideration Other insurance Misrepresentation (44- Competent parties Nonconcurrency 1525(1)) Legal purpose Primary and excess False advertising (44- Distinct characteristics of an Pro rata 1525(2)) insurance contract Limits of liability Defamation of insurer (44- Contract of adhesion Restoration/nonreduction of limits 1525(3)) Aleatory contract Coinsurance Boycott, coercion or Personal contract Vacancy or unoccupancy intimidation (44-1525(4)) Unilateral contract Named insured provisions Unfair discrimination (44- Conditional contract Duties after loss 1525(7)) Legal interpretations affecting Assignment Rebating (44-361, 1525(8)) contracts Abandonment Insurance Fraud Act (44-6601– Ambiguities in a contract of Insurer provisions 6608) adhesion Liberalization Privacy of Insurance Consumer Reasonable expectations Subrogation Information Act (44-901–925) Indemnity Salvage 1.3 Federal regulation Utmost good faith Claim settlement options Fair Credit Reporting Act (15 USC Representations/misrepresen Third-party provisions 1681–1681d) tations Standard mortgage clause Fraud and false statements Warranties Loss payable clause Concealment No benefit to the bailee 2.0 General Insurance 12% Fraud

NEBRASKA DEPARTMENT OF INSURANCE

3.4 Nebraska laws, regulations Scheduled personal property (HO Coverage B — Other private and required provisions 04 61) structures Nebraska Valued Policy Law (44- Personal property replacement Coverage C — Household 501.02) cost (HO 04 90) personal property Nebraska Property and Liability Home day care (HO 04 97) Coverage D — Loss of use Insurance Guaranty Association Coverage E — Scheduled (44-2401–2418) 6.0 Commercial Package Policy (CPP) farm personal property Cancellation and nonrenewal (44- 13% Coverage F — Unscheduled 522) 6.1 Components of a commercial farm personal property Concealment, misrepresentation policy Coverage G — Other farm or fraud (44-358; 44-6601– Common policy declarations structures 6608; RL 28-631) Common policy conditions Mobile agricultural machinery and Rate and Form Act (44-7501– Interline endorsements equipment coverage form 7535) One or more coverage parts Livestock coverage form Federal Terrorism Insurance 6.2 Commercial property ('12) Definitions Program (15 USC 6701; Public Commercial property conditions Causes of loss (basic, broad and Law 107–297, 109–144, 110– form special) 160) Coverage forms Conditions Building and personal Exclusions 4.0 Dwelling ('02) Policy 8% property Limits 4.1 Characteristics and purpose Condominium association Additional coverages 4.2 Coverage forms — Perils Condominium commercial insured against unit-owners 7.0 Businessowners ('13) Policy 15% Basic Builders risk 7.1 Characteristics and purpose Broad Business income 7.2 Businessowners Section I — Special Legal liability Property 4.3 Property coverages Extra expense Coverage Coverage A — Dwelling Causes of loss forms Exclusions Coverage B — Other structures Basic Limits Coverage C — Personal property Broad Deductibles Coverage D — Fair rental value Special Loss conditions Coverage E — Additional living Selected endorsements General conditions expense Ordinance or law coverage Optional coverages Other coverages (CP 04 05) Definitions 4.4 General exclusions Spoilage coverage (CP 04 7.3 Businessowners Section III — 4.5 Conditions 40) Common Policy Conditions 4.6 Selected endorsements Peak season limit of 7.4 Selected endorsements Special provisions — Nebraska insurance (CP 12 30) Protective safeguards (BP 04 30) (DP 01 26) Value reporting form (CP 13 Utility services — direct damage Automatic increase in insurance 10) (BP 04 56) (DP 04 11) 6.3 Commercial inland marine Utility services — time element Broad theft coverage (DP 04 72) ('04) (BP 04 57) Dwelling under construction (DP Nationwide marine definition 11 43) Commercial inland marine 8.0 Other Coverages and Options 6% 4.7 Personal liability supplement conditions form 8.1 Aviation insurance Inland marine coverage forms Aircraft hull 5.0 Homeowners ('11) Policy 18% Accounts receivable 8.2 Ocean marine insurance 5.1 Coverage forms Bailee's customer Major coverages HO-2 through HO-6 Commercial articles Hull insurance 5.2 Definitions Contractors equipment floater Cargo insurance 5.3 Section I — Property Electronic data processing Freight insurance coverages Equipment dealers 8.3 National Flood Insurance Coverage A — Dwelling Installation floater Program Coverage B — Other structures Jewelers block "Write your own" versus Coverage C — Personal property Signs government Coverage D — Loss of use Valuable papers and records Eligibility Additional coverages Transportation coverages Coverage 5.4 Perils insured against Common carrier cargo Limits 5.5 Exclusions liability Deductibles 5.6 Conditions Motor truck cargo forms 8.4 Other policies 5.7 Selected endorsements Transit coverage forms Boatowners Special provisions — Nebraska 6.4 Equipment breakdown ('13) Difference in conditions (HO 01 26) Equipment breakdown protection 8.5 Residual markets Limited fungi, wet or dry rot, or coverage form (EB 00 20) Joint underwriting or joint bacteria coverage (HO 04 26, Selected endorsement reinsurance pool (44-7525) HO 04 27) Actual cash value (EB 99 59) Permitted incidental occupancies 6.5 Farm coverage — residence premises (HO 04 Farm property coverage forms 42) ('03) Earthquake (HO 04 54) Coverage A — Dwellings

NEBRASKA DEPARTMENT OF INSURANCE

Nebraska Producer's Examination for Defamation of insurer (44- Contract of adhesion Casualty Insurance 1525(3)) Aleatory contract Boycott, coercion or Personal contract Series 13-23 intimidation (44-1525(4)) Unilateral contract Unfair discrimination (44- Conditional contract 100 questions - 2-hour time limit 1525(7)) Legal interpretations affecting Effective Date: January 27, 2020 Rebating (44-361, 1525(8)) contracts Insurance Fraud Act (44-6601– Ambiguities in a contract of

6608) adhesion 1.0 Insurance Regulation 12% Privacy of Insurance Consumer Reasonable expectations Information Act (44-901–925) Indemnity 1.1 Licensing 1.3 Federal regulation Utmost good faith Process (44-4052, 4053) Fair Credit Reporting Act (15 USC Representations/misrepresen Types of licensees (44-4054) 1681–1681d) tations Producers (44-4049, 4054) Fraud and false statements Warranties Consultants (44-2606–2635) Concealment Resident versus nonresident 2.0 General Insurance 12% Fraud (44-2625, 4055, 4063) 2.1 Concepts Waiver and estoppel Temporary (44-4058) Risk management key terms Maintenance and duration Risk 3.0 Property and Casualty Insurance Renewal (44-4054) Exposure Basics 14% Name or address change Hazard 3.1 Principles and concepts (44-4054(8)) Peril Insurable interest Reporting of actions (44- Loss Underwriting 4065) Methods of handling risk Function Assumed names (44-4057) Avoidance Loss ratio Continuing education Retention Rates requirements including ethics Sharing Types education (44-3901–3908) Reduction Loss costs Disciplinary actions Transfer Components Right to hearing (44- Elements of insurable risks Hazards 4059(2)) Adverse selection Physical Suspension, revocation or Law of large numbers Moral refusal to issue or renew Reinsurance Morale (44-2633, 4059) 2.2 Insurers Negligence Fines (44-2634, 4059(4)) Types of insurers Elements of a negligent act Cease and desist order (44- Stock companies Defenses against negligence 1529, 1542) Mutual companies Damages 1.2 State regulation Fraternal benefit societies Compensatory — special Director's general duties and Reciprocals versus general powers (44-101.01, 2635) Lloyd's associations Punitive Company regulation Risk retention groups Absolute liability Certificate of authority (44- Surplus lines Strict liability 303) Private versus government Vicarious liability Capital and surplus insurers 3.2 Policy structure requirements (44-214, Admitted versus nonadmitted Declarations 305) insurers Definitions Unfair claims settlement Domestic, foreign and alien Insuring agreement or clause practices (44-1539, 1540) insurers Additional/supplementary Examination of books and Financial status (independent coverage records (44-1527, 5904) rating services) Conditions Appointment (44-4061) Marketing (distribution) systems Exclusions Termination of appointment 2.3 Producers and general rules of Endorsements (44-4062) agency 3.3 Common policy provisions Unfair trade practices Insurer as principal Insureds — named, first named, complaint register (44- Producer/insurer relationship additional 1525(9); Reg Ch 21) Authority and powers of licensees Policy period Producer regulation Express Policy territory Sharing commissions (44- Implied Cancellation and nonrenewal 4060) Apparent Deductibles Controlled business (44- Responsibilities to the Other insurance 361.01, .02) applicant/insured Nonconcurrency Prohibited fees or charges 2.4 Contracts Primary and excess (44-354) Elements of a legal contract Pro rata Records retention (44-5905) Offer and acceptance Contribution by equal shares Unfair trade practices Consideration Limits of liability Misrepresentation (44- Competent parties Per occurrence (accident) 1525(1)) Legal purpose Per person False advertising (44- Distinct characteristics of an 1525(2)) insurance contract 55

NEBRASKA DEPARTMENT OF INSURANCE

Aggregate — general versus Bodily injury Individual named insured products — completed Required limits (CA 99 17) operations Cancellation/nonrenewal Pollution liability — Split Grounds (44-515) broadened coverage (CA Combined single Notice (44-516–519, 523; 99 48; CA 99 55) Named insured provisions RL 60-544) Commercial carrier regulations Duties after loss Notice of eligibility in The Motor Carrier Act of 1980 Assignment assigned risk plan (44- Endorsement for motor Insurer provisions 520) carrier policies of insurance Liberalization After-market parts regulation for public liability (MCS-90) Subrogation (Reg Title 210 Chapter 45) Duty to defend 5.2 Personal auto ('05) 6.0 Commercial Package Policy (CPP) 3.4 Nebraska laws, regulations Definitions 10% and required provisions Liability coverage 6.1 Components of a commercial Nebraska Valued Policy Law (44- Bodily injury and property policy 501.02) damage Common policy declarations Nebraska Property and Liability Supplementary payments Common policy conditions Insurance Guaranty Association Exclusions Interline endorsements (44-2401–2418) Medical payments coverage One or more coverage parts Cancellation and nonrenewal (44- Uninsured motorists coverage 6.2 Commercial general liability 522) Coverage for damage to your auto ('13) Concealment, misrepresentation Collision Commercial general liability or fraud (44-358; 44-6601– Other than collision coverage forms 6608; RL 28-631) Deductibles Bodily injury and property Rate and Form Act (44-7501– Transportation expense damage liability 7535) Exclusions Personal and advertising Federal Terrorism Insurance Duties after an accident or loss injury liability Program (15 USC 6701; Public General provisions Medical payments Law 107–297, 109–144, 110– Selected endorsements Exclusions 160) Amendment of policy Supplementary payments provisions – Nebraska (PP Who is an insured 4.0 Homeowners ('11) Policy 14% 01 85) Limits of insurance 4.1 Coverage forms Towing and labor costs (PP Conditions HO-2 through HO-6 03 03) Definitions 4.2 Definitions Extended non-owned Occurrence versus claims-made 4.3 Section II — Liability coverage - vehicles Premises and operations coverages furnished or available for Products and completed Coverage E — Personal liability regular use (PP 03 06) operations Coverage F — Medical payments Miscellaneous type vehicle Insured contract to others (PP 03 23) 6.3 Commercial crime ('06) Additional coverages Joint ownership coverage (PP General definitions 4.4 Exclusions 03 34) Burglary 4.5 Conditions 5.3 Commercial auto ('10) Theft 4.6 Selected endorsements Commercial auto coverage forms Robbery Special provisions — Nebraska Business auto Crime coverage forms (HO 01 26) Garage Commercial crime coverage Limited fungi, wet or dry rot, or Business auto physical forms (discovery/loss bacteria coverage (HO 04 26, damage sustained) HO 04 27) Truckers Government crime coverage Permitted incidental occupancies Motor carrier forms (discovery/loss — residence premises (HO 04 Coverage form sections sustained) 42) Covered autos Coverages Home day care (HO 04 97) Liability coverage Employee theft Business pursuits (HO 24 71) Garagekeepers coverage Forgery or alteration Watercraft (HO 24 75) Trailer interchange coverage Inside the premises — theft Personal injury (HO 24 82) Physical damage coverage of money and securities Exclusions Inside the premises — 5.0 Auto Insurance 15% Conditions robbery or safe burglary of 5.1 Laws Definitions other property Nebraska Motor Vehicle Safety Selected endorsements Outside the premises Responsibility Act (RL 60-501– Lessor — additional insured Computer fraud 569) and loss payee (CA 20 01) Funds transfer fraud Required limits of liability Mobile equipment (CA 20 Money orders and counterfeit (RL 60-501(10), 534) 15) money Required proof of financial Broad form products Other crime coverages responsibility (RL 60-346) coverage (CA 25 01) Extortion — commercial Nebraska Automobile Insurance Auto medical payments entities (CR 04 03) Plan coverage (CA 99 03) Guests' property (CR 04 11) Uninsured/underinsured motorist Drive other car coverage (CA 6.4 Farm coverage (44-6401–6414) 99 10) Farm liability coverage forms Definitions ('06) 56

NEBRASKA DEPARTMENT OF INSURANCE

Coverage H — Bodily injury Part Three — Other states Pre-need agents and sellers and property damage insurance (12-1108) liability Part Four — Your duties if injury Maintenance and duration Coverage I — Personal and occurs Renewal (44-4054) advertising injury liability Part Five — Premium Name or address change Coverage J — Medical Part Six — Conditions (44-4054(8)) payments Selected endorsement Reporting of actions (44- Definitions Voluntary compensation 4065) Conditions 8.3 Premium computation Assumed names (44-4057) Exclusions Job classification — payroll and Continuing education Limits rates requirements including ethics Additional coverages Experience modification factor education (44-3901–3908) Premium discounts Disciplinary actions 7.0 Businessowners ('13) Policy 10% 8.4 Other sources of coverage Right to hearing (44- 7.1 Characteristics and purpose Nebraska Workers' Compensation 4059(2)) 7.2 Businessowners Section II — Plan (RL 44-3,158) Suspension, revocation or Liability Self-insured employers and refusal to issue or renew Coverages employer groups (RL 48- (44-2633, 4059) Exclusions 144.02(2), 48-145) Fines (44-2634, 4059(4)) Who is an insured Cease and desist order (44- Limits of insurance 9.0 Other Coverages and Options 4% 1529, 1542) General conditions 9.1 Umbrella/excess liability 1.2 State regulation Definitions policies Director's general duties and 7.3 Businessowners Section III — Personal (DL 98 01) powers (44-101.01, 2635) Common Policy Conditions Commercial (CU 00 01) Producer regulation 7.4 Selected endorsement 9.2 Specialty liability insurance Sharing commissions (44- Hired auto and non-owned auto Errors and omissions 4060) liability (BP 04 04) Professional liability Controlled business (44- Directors and officers liability 361.01, .02) 8.0 Workers Compensation Insurance Fiduciary liability Prohibited fees or charges 9% Liquor liability (44-354) 8.1 Workers compensation laws Employment practices liability Records retention (44-5905) Types of laws 9.3 Surplus lines Unfair trade practices Monopolistic versus Definitions and markets Misrepresentation (44- competitive Licensing requirements 1525(1)) Compulsory versus elective 9.4 Surety bonds False advertising (44- Nebraska Workers' Compensation Principal, obligee, surety 1525(2)) Act Contract bonds Defamation of insurer (44- Exclusive remedy (RL 48- License and permit bonds 1525(3)) 111) Judicial bonds Boycott, coercion or Employment covered 9.5 Aviation insurance intimidation (44-1525(4)) (required, voluntary) (RL Aircraft liability Unfair discrimination (44- 48-106, 114, 115) 9.6 Ocean marine insurance 1525(7)) Covered injuries (RL 48-101, Major coverages Rebating (44-361, 1525(8)) 102, 127, 151(2)(4–8)) Protection and indemnity Insurance Fraud Act (44-6601– Occupational disease (RL 48- 9.7 Other policies 6608) 151(3)) Boatowners Privacy of Insurance Consumer Benefits provided (RL 48- Information Act (44-901–925) 119–126, 162.01) 1.3 Federal regulation Workers' Compensation Trust Fair Credit Reporting Act (15 USC Fund (RL 48-128, 162.02) Nebraska Producer's Examination for 1681–1681d) Federal workers compensation Funeral Insurance Fraud and false statements laws Federal trade commission Series 13-24 Federal Employers Liability requirements Act (FELA) (45 USC 51– 1.4 Other 60 questions - 1-hour time limit 60) Medicaid eligibility Effective Date: January 27, 2020 U.S. Longshore and Harbor 2.0 General Insurance 5% (3 Items) Workers' Compensation Act (33 USC 901–944, 948- 2.1 Producers and general rules of 950) 1.0 Insurance Regulation 35% (21 agency The Jones Act (46 USC 688) Items) Insurer as principal 8.2 Workers compensation and 1.1 Licensing Producer/insurer relationship employers liability insurance Process (44-4052, 4053) Authority and powers of licensees policy Types of licensees (44-4054) Express General sections Producers (44-4049, 4054) Implied Part One — Workers Consultants (44-2606–2635) Apparent compensation insurance Resident versus nonresident Responsibilities to the Part Two — Employers liability (44-2625, 4055, 4063) applicant/insured insurance Temporary (44-4058)

NEBRASKA DEPARTMENT OF INSURANCE

3.0 Life Insurance Basics 20% (12 Prohibited provisions including Dividends Items) backdating (44-503) Policy loans 5.2 Ownership and beneficiaries Surrenders 3.1 Insurable interest (44-704) Ownership Amounts received by beneficiary 3.2 Premiums Assignment General rule and exceptions Factors in premium determination Clarification of remaining Settlement options Mortality proceeds Values included in insured's estate Interest Beneficiary designation options Expense Individuals Premium payment mode Classes Nebraska Viatical Life Settlement 3.3 Producer responsibilities Estates Examination Solicitation and sales Minors presentations (Reg Ch 33) Trusts Series 13-26 Advertising (Reg Ch 50) Succession Life and Health Insurance 60 questions - 1-hour time limit Revocable versus irrevocable Guaranty Association (44- Common disaster clause Effective Date: January 27, 2020 2719.01) Spendthrift clause Buyer's Guide and Policy 5.3 Nonforfeiture options Summary (Reg Ch 33 Sec Cash surrender value 1.0 Insurance Regulation 5% (3 005, NAIC Current Model Extended term Items) Buyer's Guide) Reduced paid-up insurance Illustrations (Reg Ch 72) 1.1 Licensing 5.4 Policy loan and withdrawal Replacement (Reg Ch 19) Process (44-4052, 4053) options Use and disclosure of Types of licensees (44-4054) Cash loans insurance information Producers (44-4049, 4054) Automatic premium loans Annuity suitability (44-8101– Consultants (44-2606-2635) Withdrawals or partial surrenders 8109) Resident versus nonresident 5.5 Dividend options Field underwriting (44-2625, 4055, 4063) Cash payment Notice of information Temporary (44-4058) Reduction of premium payments practices Renewal (44-4054) Accumulation at interest Application procedures Name or address change One-year term option Delivery (44-4054(8)) Paid-up additions Policy review Reporting of actions (44- Pre-need contract provision Effective date of coverage 4065) 5.6 Disability riders Premium collection Assumed names (44-4057) Waiver of premium Statement of good health 1.2 State regulation Waiver of cost of insurance 3.4 Individual underwriting by the Director's general duties and Disability income benefit insurer powers (44-101.01) Payor benefit life/disability Information sources and Company regulation (juvenile insurance) regulation Certificate of authority (44- 5.7 Riders covering additional Application 303) insureds Producer report Examination of books and Spouse/other-insured term rider Selection criteria and unfair records (44-1527, 5904) Children's term rider discrimination (44-1525(7)(a)) Appointment (44-4061 / 210 5.8 Riders affecting the death Classification of risks Neb. Admin. Code 76-004) benefit amount Termination of appointment 4.0 Life Insurance Policies 5% (3 Accidental death (44-4062) Items) Guaranteed insurability Unfair trade practices (44- Cost of living 1117) 4.1 Whole life insurance Return of premium Continuous premium (straight Producer regulation No lapse guarantee Sharing commissions (44- life) 5.9 Pre-need contract provision Limited payment 4060) Records retention (44-5905, Single premium 6.0 Annuities 5% (3 Items) 1111) 5.0 Life Insurance Policy Provisions, 6.1 Annuity principles and Insurance Fraud Act (44-6601- Options and Riders 25% (15 concepts 6608, 1112) Items) Accumulation period versus Privacy of Insurance Consumer annuity period 5.1 Required provisions (44-502) Information Act (44-901-925) Owner, annuitant and beneficiary 1.3 Federal regulation Entire contract (44-502(3)) Insurance aspects of annuities Fair Credit Reporting Act (15 USC Right to examine (free look) (44- Nebraska Protection in Annuity 1681–1681d) 502.05) Transactions Act (44-8101– Payment of premiums (44- Fraud and false statements 8109) including 1033 waiver (18 USC 502(1)) Applicable annuities for pre-need Grace period (44-502(2)) 1033, 1034) Reinstatement (44-502(11)) 7.0 Federal Tax Considerations for Life 2.0 General Insurance 5% (3 Items) Incontestability (44-502(5)) Insurance and Annuities 5% (3 2.1 Agents and general rules of Misstatement of age (44-502(6)) Items) Exclusions (44-502(5)) agency (44-1102 (14)) 7.1 Taxation of personal life Statements of the insured (44- Agent/insurer relationship insurance 502(4)) Authority and powers of agents Amounts available to policyowner Payment of claims (44-502(12)) Express Cash value increases Interest on proceeds (44-3,143) Implied 58

NEBRASKA DEPARTMENT OF INSURANCE

Apparent 4.0 Life Insurance Policies 15% (9 Single life Responsibilities to the Items) Joint and survivor viator/broker fiduciary duty 5.4 Nonforfeiture options 4.1 Term life insurance 2.2 Contracts Cash surrender value Level term Elements of a legal contract Extended term Annual renewable term Offer and acceptance Reduced paid-up insurance Level premium term Consideration 5.5 Policy loan and withdrawal 4.2 Whole life insurance Competent parties options Continuous premium (straight Legal purpose Cash loans life) Distinct characteristics of Automatic premium loans Limited payment insurance contracts Withdrawals or partial surrenders Single premium Contract of adhesion 5.6 Dividend options 4.3 Flexible premium policies Aleatory contract Cash payment Adjustable life Personal contract Reduction of premium payments Universal life - Indexed universal Unilateral contract Accumulation at interest life Conditional contract One-year term option Variable Insurance Legal concepts and interpretations Paid-up additions Variable Universal affecting contracts 5.7 Disability riders 4.4 Specialized policies Ambiguities in a contract of Waiver of premium Joint life (first-to-die) adhesion Waiver of cost of insurance Survivorship life (second-to-die) Reasonable expectations Disability income benefit Juvenile life Indemnity Payor benefit life/disability 4.5 Group life insurance Utmost good faith (juvenile insurance) Characteristics of group plans Representations/misrepresen 5.8 Accelerated (living) benefit Types of plan sponsors tations provisions/riders Group underwriting requirements Warranties Conditions for payment Required provisions (44-1607) Concealment Effect on death benefit Assignability (44-1619) Fraud 5.9 Riders covering additional Conversion to individual policy Waiver and estoppel insureds (44-1607(8-10), 1613, 1614) Spouse/other-insured term rider 3.0 Life Insurance Basics 10% (6 5.0 Life Insurance Policy Provisions, Children's term rider Items) Options and Riders 15% (9 5.10 Riders affecting the death 3.1 Insurable interest (44-704) Items) benefit amount 3.2 Personal uses of life insurance Accidental death 5.1 Required provisions (44-502) Survivor protection Guaranteed insurability Entire contract (44-502(3)) Estate creation Cost of living Right to examine (free look) (44- Cash accumulation Return of premium 502.05) Liquidity No lapse guarantee Payment of premiums (44- Estate conservation 502(1)) 3.3 Determining amount of 6.0 Viatical Settlement 50% (30 Grace period (44-502(2)) personal life insurance Items) Reinstatement (44-502(11)) Human life value approach 6.1 Definitions (44-1102) Incontestability (44-502(5)) Needs approach 6.2 License Requirements (44- Misstatement of age (44-502(6)) Types of information 1103) Exclusions (44-502(5)) gathered 6.3 Reporting Requirements (44- Statements of the insured (44- Determining lump-sum needs 1106) 502(4)) Planning for income needs 6.4 Disclosure to Consumers (44- Payment of Claims (44-502(12)) 3.4 Business uses of life insurance 1108) Interest on proceeds (44-3, 143) Buy-sell funding 6.5 General Rules (44-1109) Prohibited provisions including Key person 6.6 Prohibited Acts (44-1110) backdating (44-503) Executive bonuses 6.7 Fraudulent Acts (44-1112) 5.2 Ownership and beneficiaries 3.5 Classes of life insurance 6.8 Stranger Owned Life (44- Ownership policies 1110) Assignment Group versus individual 6.9 Advertising Guidelines and Beneficiary designation options Permanent versus term Standards (44-1111) Individuals Participating versus 6.10 Continuing ED. (210 Classes nonparticipating Neb.Admin.Code 76-003) Estates Fixed versus variable life 6.11 Disciplinary Actions Minors insurance and annuities (Neb.Rev.Stat 44-1113/1117) Trusts Regulation of variable Succession products (SEC, FINRA and Revocable versus irrevocable Nebraska) (44-2212, Common disaster clause 2216; Reg Ch 15 Sec 006, Spendthrift clause 011) 5.3 Settlement options 3.6 Factors in premium Cash payment determination Interest only Mortality, Investment, and Fixed-period installments Expense Fixed-amount installments Premium payment mode Life income

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Series Exam Title Exam Fee Total 13-01 Producer’s Life and Annuities $45 $ 13-02 Producer’s Accident and Health or Sickness $45 $ 13-03 Producer’s Life and Annuities; Accident and Health or Sickness $49 $ 13-04 Producer’s Property and Casualty $49 $ 13-07 Consultant’s Life and Annuities; Accident and Health or Sickness $49 $ 13-08 Consultant’s Property and Casualty $49 $ 13-09 Producer’s Crop $45 $ 13-10 Public Adjuster $45 $ 13-13 Producer’s Motor Club $45 $ 13-16 Producer’s Title $45 $ 13-21 Producer’s Personal Lines $45 $ 13-22 Producer’s Property $45 $ 13-23 Producer’s Casualty $45 $ 13-24 Producer’s Funeral Insurance $45 $ 13-26 Viatical Insurance $45 $ Total Fee $ By filing this registration, you assume full responsibility for exam selection. If you are unsure about which exam you need for the license you are seeking, resolve this question before you register. Fees for these exams are non-refundable and non-transferrable. Exam fees are valid for 90 days from receipt at Prometric.

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