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VA State Life, Health and Annuities Exam (Questions & Answers) Rated 100- Correct_.pdf
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9/21/24, 5:44 PMVA State Life, Health and Annuities Exam
Jeremiah
Practice questions for this set
Learn 1 /7 Study with Learn
6 months
Choose matching term
In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not
1
exceed ___ months
2
What health insurance provision requires that the application becomes part of the policy
According the the affordable care act (ACA), the proportion of premium revenues spend on clinical
3
services an quality improvements is called the
Which of the following provision is NOT required to be included in qualified long-term care policies?
A) Inflation protection
4
B) Nonforfeiture option
C) Prior hospitalization
D) Guaranteed renewability
Don't know?
VA State Life, Health and Annuities Exam
1/10
, 9/21/24, 5:44 PM
Terms in this set (171)
In a long-term care policy issued in Virginia, 6 months
any provision limiting preexisting conditions
may not exceed months
What is a universal life insurance policy? A flexible premium deposit fund and a monthly renewable term insurance policy
How is an insured's accident and health claim The unpaid premium may be subtracted from the reimbursement
handled by an insurer if it occurs during the
policy's grace period?
What must an agent do when replacing a Notify the applicant that an annual premium must be paid for the new policy
long-term care policy with a new policy?
The free look period provided in a life 10 days
insurance policy is usually
Which of the following is NOT subject to the How the premium is calculated
promise to pay in an insuring clause?
A) How the premium is calculated
B) Policy provisions
C) Policy conditions
D) Policy exclusions
In Virginia, an insurance agent's appointment until termination
is in effect
Tim is confined to a nursing home but Long-term car benefit rider
doesn't have a terminal illness. Which life
insurance rider is designed to help pay for
this type of expense?
An insurance company can be liable for a when the agency contract is unclear concerning the authority given
producer's unauthorized acts
The automatic premium loan provision can provision that provides a policy loan to pay any premiums by the end of the grace
be accurately described as a period
Which of these statements ins NOT true Interest payments made by policyowner are deductible
regarding a cash value loan against a life
insurance policy?
A) Interest normally accrues on unpaid
balances
B) Loan cannot exceed the policy's cash
value
C) Policy contract terms dictate the interest
rate
D) Interest payments made by policyowner
are deductable
Home health care benefits typically do NOT prescription medication
include coverage for
A) nursing care
B) wheelchairs
C) physical therapy
D) prescription medication
VA State Life, Health and Annuities Exam
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