Virginia laws - Study guides, Class notes & Summaries

WEST VIRGINIA LAWS AND RULES PERTINENT TO INSURANCE EXAM ALL 160 QUESTIONS AND CORRECT ANSWERS

Virginia Laws & Regulations Exam Questions With Verified Answers Courtesy card - answerThe card issued by the board which grants limited and restricted funeral service privileges in the Commonwealth to out-of-state funeral service licensees, directors, and embalmers Where shall licenses be posted in the funeral home? - answerIn a conspicuous area - can be original or photocopy When a name or address of a licensee/registrant is changed, how soon must it be reported to the board? - answer3...

West Virginia Laws and Rules Pertinent to Insurance Exam With complete solution 2024/25

WEST VIRGINIA LIFE INSURANCE LAWS AND RULES EXAM ALL 150 QUESTIONS AND ANSWERS LATEST UPDATE

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 - Answer- D) An employee newsletter announcing the availability of coverage for employees Under the ACA, health coverage is provided...

Virginia Laws and Rules - Life Insurance Exam Questions and answers latest update

State corporation commissioner Charged with the issue an execution of all laws relating to Insurance and Insurer's. All companies, domestic, foreign, and alien, transacting or license to transact the businesses of insurance in this Commonwealth are subject to inspection, supervision, and regulation by the commission Commissioner of Insurance - regulates insurance carriers and issues insurance licenses - has authority to review accident and sickness policy forms if they will be issued fo...

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 - Answer 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? - Answer An AM Best company rating A domestic insurance company in Virginia MUST - Answer be formed under Virginia insuranc...

West Virginia Laws and Rules Pertinent to Insurance Latest Update Actual Exam 150 Questions and 100% Verified Correct Answers

Which of these is NOT an Unfair Claims Settlement Practice? - ANSWER-Denying unsubstantiated claims on a timely basis A statement MUST be signed by the ________ for any illustrations used in the sale of a life insurance policy. - ANSWER-Agent Which of these would likely be considered an Unfair Claims Settlement Practice? - ANSWER-Offering settlements that are less than the fair value to offset insurer expenses The State Corporation Commission is empowered to perform each of the followin...