Virginia Insurance Regulations Practice Questions — Page 4 of 5
225 free Virginia-specific insurance regulation questions for the Virginia Life & Health exam — page 4.
- 151.Under Va. Code § 38.2-3115.1 and the Virginia rules (14 VAC 5-70-40), an accelerated benefit provision in a…Difficulty 1/5VA specific
- 152.Under Virginia law, when may a viatical settlement broker seek or obtain compensation from the viator?Difficulty 2/5VA specific
- 153.Under Virginia's long-term care exclusion rules, which of the following may a long-term care policy NOT exc…Difficulty 1/5VA specific
- 154.When a Virginia long-term care insurer sends the required notice of a premium rate increase to policyholder…Difficulty 2/5VA specific
- 155.Which description best fits a health maintenance organization (HMO) as regulated in Virginia?Difficulty 1/5VA specific
- 156.An individual accident and sickness policy contains a pre-existing condition exclusion. In Virginia health …Difficulty 1/5VA specific
- 157.An unlicensed office assistant in Virginia negotiates the terms of an insurance application with a customer…Difficulty 2/5VA specific
- 158.To persuade a prospect to switch policies, a Virginia producer states that the prospect's current insurer i…Difficulty 2/5VA specific
- 159.A Virginia small employer's claims experience worsens, and several employees develop significant health con…Difficulty 2/5VA specific
- 160.An employee covered under her employer's Virginia group life plan leaves the job. Under Va. Code § 38.2-333…Difficulty 2/5VA specific
- 161.Which activity best illustrates the statutory meaning of 'negotiating' insurance in Virginia, as distinct f…Difficulty 3/5VA specific
- 162.A Virginia insurer terminates a producer's appointment for cause. What reporting obligations follow under V…Difficulty 2/5VA specific
- 163.Under Va. Code § 38.2-3533, what must be furnished to each person covered under a Virginia group insurance …Difficulty 1/5VA specific
- 164.A Virginia resident individual producer was born in an odd-numbered year. How does the biennial renewal cyc…Difficulty 2/5VA specific
- 165.Under Virginia's Medicare supplement regulation, what is the primary purpose of a Medicare supplement (Medi…Difficulty 1/5VA specific
- 166.An insurer charges two Virginia applicants in the same actuarial class and with equal expectation of loss d…Difficulty 2/5VA specific
- 167.Under Virginia law (Va. Code § 38.2-106.1 and § 38.2-3113.2), a charitable gift annuity is best described as:Difficulty 1/5VA specific
- 168.Before holding a hearing on a proposed cease-and-desist order, Virginia law requires that the respondent re…Difficulty 1/5VA specific
- 169.The Virginia Life, Accident and Sickness Insurance Guaranty Association publishes a Commission-approved Not…Difficulty 1/5VA specific
- 170.Under Virginia's Medicare supplement rating rules, what must happen to an insurer's Medicare supplement pre…Difficulty 1/5VA specific
- 171.During the Medicare supplement open enrollment period, how may a Virginia Medicare supplement insurer treat…Difficulty 2/5VA specific
- 172.Under Virginia's rules on use and disclosure of insurance information, which of the following disclosures o…Difficulty 3/5VA specific
- 173.An accident and sickness claim is submitted with written proof of loss, and the prescription drug claims we…Difficulty 3/5VA specific
- 174.A producer markets a life policy to several prospects using different incentives. Under Virginia's rebating…Difficulty 3/5VA specific
- 175.How long is the free-look period for a long-term care policy delivered in Virginia?Difficulty 1/5VA specific
- 176.A policyholder asks an agent how Virginia's notice-of-information-practices duty under Va. Code § 38.2-604 …Difficulty 3/5VA specific
- 177.An applicant is buying an individual disability income policy and asks what the relation-of-earnings-to-ins…Difficulty 1/5VA specific
- 178.An insured in Virginia dies with an unpaid policy loan outstanding. Which statement correctly describes the…Difficulty 2/5VA specific
- 179.A producer holds a Virginia life insurance license and wants to begin selling variable annuities. What does…Difficulty 2/5VA specific
- 180.Under Virginia's long-term care rules, which of the following is a mode or setting of care that long-term c…Difficulty 1/5VA specific
- 181.Two Virginia licensees each commit one violation of the same insurance provision on the same day. Licensee …Difficulty 3/5VA specific
- 182.An insurer proposes to set each Medicare supplement applicant's premium according to that individual's own …Difficulty 2/5VA specific
- 183.In Virginia, what is the duration of a temporary license issued under a producer's license type?Difficulty 1/5VA specific
- 184.An insured's family enrolls him in a community-based day program that provides supervision, meals, and pers…Difficulty 2/5VA specific
- 185.An insured lets an individual accident and sickness policy lapse, then submits a reinstatement application …Difficulty 2/5VA specific
- 186.An insurer wants to test an applicant for HIV infection as part of underwriting an individual accident and …Difficulty 1/5VA specific
- 187.A Virginia producer collects an initial premium from an applicant together with the completed application. …Difficulty 2/5VA specific
- 188.An insurer declines a Virginia life applicant based partly on information in a consumer report. The applica…Difficulty 2/5VA specific
- 189.An insured dies on June 1. The beneficiary asks the insurer how interest on the unpaid death proceeds is co…Difficulty 2/5VA specific
- 190.A Medicare supplement policy becomes effective in Virginia. Under Va. Code § 38.2-3605, for how long after …Difficulty 2/5VA specific
- 191.Under the small-employer provisions of the Code of Virginia, what weekly work threshold makes an employee a…Difficulty 2/5VA specific
- 192.An insured dies by suicide 18 months after a Virginia life policy was issued, within the policy's two-year …Difficulty 2/5VA specific
- 193.A nervous prospect hesitates to buy a life policy, so the producer tells him the coverage is guaranteed no …Difficulty 2/5VA specific
- 194.In underwriting and rating individual accident and sickness coverage in Virginia, some distinctions between…Difficulty 3/5VA specific
- 195.A Virginia long-term care insurer is preparing both its rate filing and its policyholder notices for a prem…Difficulty 2/5VA specific
- 196.Under Va. Code § 38.2-107.1 and § 38.2-3113.1, a market value adjusted (modified guaranteed) annuity in Vir…Difficulty 1/5VA specific
- 197.Under Va. Code § 38.2-3311, within what period after a life policy lapses for premium default may the polic…Difficulty 1/5VA specific
- 198.A producer exaggerates the weaknesses of a client's existing life policy and falsely claims it is about to …Difficulty 3/5VA specific
- 199.Under Virginia law, what effect does an annulment or divorce have on a life insurance beneficiary designati…Difficulty 1/5VA specific
- 200.A producer is explaining Medicare supplement policies to a new client in Virginia. Which statement may the …Difficulty 2/5VA specific