Virginia Life and Health Insurance Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)
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Virginia Principles of Life/Health Insurance Latest 2024 Rated A+ Ordinary Whole Life requires level premium payments Limited Pay The type of whole life insurance that requires payments for a certain or limited period Universal Life Insurance Policies allow premium payments to be skipped ...
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Add to cartVirginia Principles of Life/Health Insurance Latest 2024 Rated A+ Ordinary Whole Life requires level premium payments Limited Pay The type of whole life insurance that requires payments for a certain or limited period Universal Life Insurance Policies allow premium payments to be skipped ...
Virginia Life Insurance Exam Questions and Answers Already Passed All of the following entities regulate variable life policies EXCEPT a)The Insurance Department. b)The Guaranty Association. c)Federal government. d)The SEC. b)The Guaranty Association. Which of the following is T...
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Add to cartVirginia Life Insurance Exam Questions and Answers Already Passed All of the following entities regulate variable life policies EXCEPT a)The Insurance Department. b)The Guaranty Association. c)Federal government. d)The SEC. b)The Guaranty Association. Which of the following is T...
Virginia Life Insurance and Annuities Questions and Answers Rated A+ Methods of Handling Risk (STARR) 1. Sharing (each member of group pays portion of loss) 2. Transfer (spreading risk among customers) 3. Avoidance (not engaging in certain activity) 4. Reduction (lessening chance) 5. Retenti...
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Add to cartVirginia Life Insurance and Annuities Questions and Answers Rated A+ Methods of Handling Risk (STARR) 1. Sharing (each member of group pays portion of loss) 2. Transfer (spreading risk among customers) 3. Avoidance (not engaging in certain activity) 4. Reduction (lessening chance) 5. Retenti...
VA Life Insurance, Health Insurance, and Annuities Exam Rated A+ A & H accident and health absolute assignment assignment by the policy owner of all control and rights to a third party Accidental Death Insurance A form of health insurance that provides payment, if death of the insured r...
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Add to cartVA Life Insurance, Health Insurance, and Annuities Exam Rated A+ A & H accident and health absolute assignment assignment by the policy owner of all control and rights to a third party Accidental Death Insurance A form of health insurance that provides payment, if death of the insured r...
Virginia Life, Annuity, and Health Part One Latest Version Already Passed Loss decline in value of a person or thing Risk uncertainty regarding the occurrence of a loss Pure risk possibility of loss or no loss (INSURABLE) Speculative risk possibility of loss, but also chance for profit ...
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Add to cartVirginia Life, Annuity, and Health Part One Latest Version Already Passed Loss decline in value of a person or thing Risk uncertainty regarding the occurrence of a loss Pure risk possibility of loss or no loss (INSURABLE) Speculative risk possibility of loss, but also chance for profit ...
Virginia Life and Health Practice Final Exam with Complete Solutions Under which circumstance may an insurer discontinue a small employer group medical plan? Employer fails to pay the premium prior to the end of the grace period An insured is covered with a health insurance policy. If the in...
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Add to cartVirginia Life and Health Practice Final Exam with Complete Solutions Under which circumstance may an insurer discontinue a small employer group medical plan? Employer fails to pay the premium prior to the end of the grace period An insured is covered with a health insurance policy. If the in...
Virginia Health Insurance Test Latest Update Graded A+ Absolute An assignment that occurs when the policy owner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment. Absolute Value A medical expense plan that pays a fixed maximum dollar...
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Add to cartVirginia Health Insurance Test Latest Update Graded A+ Absolute An assignment that occurs when the policy owner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment. Absolute Value A medical expense plan that pays a fixed maximum dollar...
VA Health and Life Insurance Questions and Answers Already Passed Why would a large corporation choose to self-insure rather than buy an insurance policy from an insurance company? a) to avoid having to comply with individual state laws b) to cover against an occasional but high-severity ...
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Add to cartVA Health and Life Insurance Questions and Answers Already Passed Why would a large corporation choose to self-insure rather than buy an insurance policy from an insurance company? a) to avoid having to comply with individual state laws b) to cover against an occasional but high-severity ...
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Virginia life and Health Final Exam Questions and Answers 100% Pass Insurable inter in one's own life is legally considered as Generally unlimited Where dose the primary funding for medical part A come from? Federal payroll and self employment taxes What would be a valid reason for namin...
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Add to cartVirginia life and Health Final Exam Questions and Answers 100% Pass Insurable inter in one's own life is legally considered as Generally unlimited Where dose the primary funding for medical part A come from? Federal payroll and self employment taxes What would be a valid reason for namin...
Virginia Life and Health Exam Review Questions and Answers 100% Pass What contract term means only one party to a contract's promises are legally enforceable? Unilateral Mr. Jones, the insured, committed suicide after the expiration of the suicide clause in his life insurance policy. The i...
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Add to cartVirginia Life and Health Exam Review Questions and Answers 100% Pass What contract term means only one party to a contract's promises are legally enforceable? Unilateral Mr. Jones, the insured, committed suicide after the expiration of the suicide clause in his life insurance policy. The i...
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VA State Life Insurance and Annuities Questions and Answers Already Passed Which of these arrangements allows one to bypass insurable interest laws? investor originated life insurance Which of these is an element of a Variable Life policy? a fixed, level premium What does the insuring agr...
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Add to cartVA State Life Insurance and Annuities Questions and Answers Already Passed Which of these arrangements allows one to bypass insurable interest laws? investor originated life insurance Which of these is an element of a Variable Life policy? a fixed, level premium What does the insuring agr...
VA Health Insurance – 8 Questions and Answers 100% Pass Which of the following is a requirement to be eligible for a group life policy in Virginia? A. Group must be formed for a purpose other than obtaining insurance B. Group must designate one of its members to be the named insured ...
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Add to cartVA Health Insurance – 8 Questions and Answers 100% Pass Which of the following is a requirement to be eligible for a group life policy in Virginia? A. Group must be formed for a purpose other than obtaining insurance B. Group must designate one of its members to be the named insured ...
VA Health Life and Annuities Latest Version Graded A+ Long-Term Care refers to the broad range of medical and personal services for individuals (often the elderly) who need assistance with daily activities for an extended period of time for chronic illnesses like arthritis, rheumatism, and s...
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Add to cartVA Health Life and Annuities Latest Version Graded A+ Long-Term Care refers to the broad range of medical and personal services for individuals (often the elderly) who need assistance with daily activities for an extended period of time for chronic illnesses like arthritis, rheumatism, and s...
Virginia Laws and Rules Questions and Answers Already Passed A policy loan provision is not required in which of the following types of policies? Term Life An insurance licensee is required to provide records of insurance transactions to the State Corporation Commission: Promptly upon req...
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Add to cartVirginia Laws and Rules Questions and Answers Already Passed A policy loan provision is not required in which of the following types of policies? Term Life An insurance licensee is required to provide records of insurance transactions to the State Corporation Commission: Promptly upon req...
Virginia Personal Lines Exam (Virginia Insurance Laws & Regulations) Latest 2024 Graded A+ Hierarchy State Corporation Commission. Bureau of Insurance. Commissioner. Examination by the Commission The commission must examine every insurer licensed in Virginia at least once every 5 years....
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Add to cartVirginia Personal Lines Exam (Virginia Insurance Laws & Regulations) Latest 2024 Graded A+ Hierarchy State Corporation Commission. Bureau of Insurance. Commissioner. Examination by the Commission The commission must examine every insurer licensed in Virginia at least once every 5 years....
Virginia Laws and Rules Chapter Exam Questions and Answers Already Passed Question 1Select the appropriate response Under the Health Insurance Portability and Accountability Act (HIPAA), all of the following qualify as creditable coverage EXCEPT accident only individual major medical Me...
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Add to cartVirginia Laws and Rules Chapter Exam Questions and Answers Already Passed Question 1Select the appropriate response Under the Health Insurance Portability and Accountability Act (HIPAA), all of the following qualify as creditable coverage EXCEPT accident only individual major medical Me...
Life and Health Insurance Final Test Questions and Answers Graded A+ A producer working for an insurance company may be personally liable for acts performed which are prohibited in the agency contract A health insurer MUST provide a proof of loss form within 15 days of receipt of the notice ...
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Add to cartLife and Health Insurance Final Test Questions and Answers Graded A+ A producer working for an insurance company may be personally liable for acts performed which are prohibited in the agency contract A health insurer MUST provide a proof of loss form within 15 days of receipt of the notice ...
VA State Health and Insurance Exam CH 10 with Complete Solutions What governing body issues rules and regulations for the administration of the Insurance Code? A) The State Corporation Commission B) The Virginia Department of Insurance C) The Life and Health Guarantee Association D) The Jo...
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Add to cartVA State Health and Insurance Exam CH 10 with Complete Solutions What governing body issues rules and regulations for the administration of the Insurance Code? A) The State Corporation Commission B) The Virginia Department of Insurance C) The Life and Health Guarantee Association D) The Jo...
Virginia Life: Insurance Regulations (A- C) Latest Update Graded A+ Authorized Insurer Insurer who has received a Certificate of Authority from the department of insurance to transact insurance in this state Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to ...
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Add to cartVirginia Life: Insurance Regulations (A- C) Latest Update Graded A+ Authorized Insurer Insurer who has received a Certificate of Authority from the department of insurance to transact insurance in this state Cease and Desist To stop or discontinue Coercion Forceful act or threat aimed to ...
Virginia Laws and Rules Pertinent to Insurance Questions and Answers Already Passed All of the following are examples of insurance advertisement EXCEPT A) A direct mail brochure announcing specific Accident and Health insurance plans B) A newspaper notice announcing free insurance advic...
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Add to cartVirginia Laws and Rules Pertinent to Insurance Questions and Answers Already Passed All of the following are examples of insurance advertisement EXCEPT A) A direct mail brochure announcing specific Accident and Health insurance plans B) A newspaper notice announcing free insurance advic...
Virginia Laws and Rules - Health Insurance Questions and Answers 100% Pass Misrepresentation on the application is Material Misrepresenting a policy for the purpose of inducing a policyholder to change or replace an existing policy is known as Twisting An agent's license may be renewe...
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Add to cartVirginia Laws and Rules - Health Insurance Questions and Answers 100% Pass Misrepresentation on the application is Material Misrepresenting a policy for the purpose of inducing a policyholder to change or replace an existing policy is known as Twisting An agent's license may be renewe...
VA Health Final Exam Questions and Answers Already Passed when replacing an individual accident and health policy in Virginia the required replacement notice to the applicant must include notice that pre-existing conditions may not be covered a policy owner is permitted to take out a polic...
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Add to cartVA Health Final Exam Questions and Answers Already Passed when replacing an individual accident and health policy in Virginia the required replacement notice to the applicant must include notice that pre-existing conditions may not be covered a policy owner is permitted to take out a polic...
Virginia Laws and Rules - Life Insurance Exam Questions and Answers Already Passed An agent does NOT need to notify the Bureau of Insurance of a? a) change of address; b) name change; c) change in financial status; or d) felony conviction change in financial status Which of these is NOT c...
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Add to cartVirginia Laws and Rules - Life Insurance Exam Questions and Answers Already Passed An agent does NOT need to notify the Bureau of Insurance of a? a) change of address; b) name change; c) change in financial status; or d) felony conviction change in financial status Which of these is NOT c...
VA State Health and Life Insurance Exam CH12 Already Passed Who owns an employer group health policy? A) The employer only B) The agent C) The employees D) Both the employer and the employees A) The employer only It is common for an employer to obtain group health insurance for the bene...
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Add to cartVA State Health and Life Insurance Exam CH12 Already Passed Who owns an employer group health policy? A) The employer only B) The agent C) The employees D) Both the employer and the employees A) The employer only It is common for an employer to obtain group health insurance for the bene...
VA Life Insurance Practice Exam (90 Xcel) Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions K buys a policy where the premium stays...
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Add to cartVA Life Insurance Practice Exam (90 Xcel) Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions K buys a policy where the premium stays...
Virginia Insurance License Exam Questions and Answers Already Passed What is the maximum amount of continuing education hours for an agent who been licensed for less than 20 years in Virginia? 16 hours to include three hours of law or ethics Any agent broker or counselor is required to notif...
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Add to cartVirginia Insurance License Exam Questions and Answers Already Passed What is the maximum amount of continuing education hours for an agent who been licensed for less than 20 years in Virginia? 16 hours to include three hours of law or ethics Any agent broker or counselor is required to notif...
VA State Life, Annuities, And Health Exam, 2nd Part Only 100% Pass The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... ... 5 years. Notice of a hearing for a cease and desist order must include the time...
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Add to cartVA State Life, Annuities, And Health Exam, 2nd Part Only 100% Pass The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... ... 5 years. Notice of a hearing for a cease and desist order must include the time...
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