Virginia laws and - Study guides, Class notes & Summaries

The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? - Direct response When a producer is soliciting a client to effect a contract of insurance, the producer is engaged in - transacting insurance Courses are approvedfor continu...

WV Life Insurance Laws and Rules Latest Update Graded A+ Examination of Records The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order the ...

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 Medicare group major medical accident only Select the appropriate response An agency has moved the office to a commercial office complex less than 5 miles from the current office location. The...

VIRGINIA LAWS AND RULES - LIFE INSURANCE EXAM ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

VIRGINIA LAWS AND RULES - LIFE INSURANCE EXAM ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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 advice C) A television spot announcing an insurance company's new product D) An employer newsletter announcing the availability of coverage for employees D) An employee newsletter announcing the av...

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 renewed without Appointment by a sponsoring entity Starting in 2016, Businesses with up to ___ employees will be defined by the ACA as a "small business" 100 Twisting means Persuading an insured, t...

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 naming a trust as the beneficiary of a life insurance policy as opposed to naming an individual? Management of proceeds would be provided Virginia requires that an agent must complete___ hours of conti...

WEST VIRGINIA LAWS AND RULES PERTINENT TO INSURANCE EXAM LATEST UPDATE QUESTIONS AND CORRECT ANSWERS JUST RELEASED

West Virginia Laws and Rules Pertinent to Insurance Questions and Answers Already Passed The West Virginia Insurance Commissioner attains office in which of the following ways? Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? Direct response When a producer is soliciting a client to effect a contract of i...