Virginia laws - Study guides, Class notes & Summaries

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...

Virginia Laws and Rules Pertinent to Insurance Exam 2024/2025

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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 considered advertising? A policy illustration, An AM Best company rating, A direct mailing by an insurer, or An agent's oral sales presentation? An AM Best company rating A domestic insurance com...

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Virginia Laws And Rules Practice Exam With Complete Solutions

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 request for examination of the licensee Testimonials used in Accident & Health insurance must meet all of the following requirements, EXCEPT: They must be approved by the Virginia Commissioner of Ins...