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Virginia Laws and Rules - Health Insurance Questions and answers latest update
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Virginia Laws and Rules - Health Insurance Questions and answers latest update
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Virginia Laws and Rules - Health Insurance Misrepresentation on the application is - correct answer Material Misrepresenting a policy for the purpose of inducing a policyholder to change or replace an existing policy is known as - correct answer Twisting An agent's license may be renewed without - correct answer Appointment by a sponsoring entity Starting in 2016, Businesses with up to ___ employees will be defined by the ACA as a "small business" - correct answer 100 Twisting means - correct answer Persuading an insured, to the insured's detriment, to switch policies The "Notice to buyer" on the first page of each long -term care policy delivered in Virginia - correct answer Explains that some long -term care costs may not be covered Making a statement that is false or maliciously critical of the financial condition of an insurer is known as - correct answer defamation Two agents are licensed in the same line of insurance. One agent provides the other with a referral that results in a sale. How will the commissions on this sale likely be paid? - correct answer Agents will likely share the commission Misrepresenting pertinent policy provisions relations to coverage after a loss is - correct answer An unfair claims settlement practice All of the following are powers and duties of the commission EXCEPT - correct answer Prosecute brokers who violate state insurance laws Under what circumstances must an agent's insurance records be provided to the commission? - correct answer Upon the request of the Commission Qualified long -term care policies must include all of the following provision EXCEPT - correct answer Prior hospitalization Which of the following would be a valid reason for suspending or revoking an insurance agent's license? - correct answer Participating in the act of twisting An individual appointed by an insurance company represents the company and presents policies on its behalf is - correct answer An agent In counseling a prospective policyholder about replacing existing group health insurance, the discussion topics should include - correct answer Comparing the benefits of the current and proposed plans Under the uniform mandatory provision, an Accident and Health insurer has the right to request an autopsy - correct answer Only where not prohibited by lawThe benefits of buying summaries with Stuvia:
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