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Free Virginia Life, Annuities, and Health Insurance Examination Series 11-01 Practice Questions

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Exam style questions across every Virginia-Life-Annuities-and-Health-Insurance domain

Last Update 2 days ago
Total Questions : 150

Start with our free Virginia-Life-Annuities-and-Health-Insurance practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Virginia Insurance License exam. Each Virginia-Life-Annuities-and-Health-Insurance exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your Virginia Insurance weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 1

A coordination of benefits provision is included in group health insurance to reduce:

Options:

A.  

Dependent coverage

B.  

Overinsurance

C.  

Probationary periods

D.  

Waiting periods

Discussion 0
Question # 2

An insurance company writing business in a state other than the one in which it is domiciled is called:

Options:

A.  

A foreign insurer

B.  

A domestic insurer

C.  

An alien insurer

D.  

A captive insurer

Discussion 0
Question # 3

Including a guaranteed insurability rider on a life insurance policy means that:

Options:

A.  

The original policy was sold on a non-medical basis.

B.  

The company will require evidence of insurability for any future purchase of life insurance.

C.  

Any extra premium charged for a health impairment will be discontinued if standard insurability is proved later.

D.  

The policyowner may purchase additional life insurance periodically without proving insurability.

Discussion 0
Question # 4

If an agent misleads or fails to adequately disclose the title and true nature of a policy offered to a potential insured, it may be considered:

Options:

A.  

Defamation

B.  

Unfair discrimination

C.  

Misrepresentation

D.  

Coercion

Discussion 0
Question # 5

Which of the following is required to hold an appointment with the insurance company it represents?

Options:

A.  

An insured

B.  

An employee of the insurer

C.  

A consultant

D.  

An agent

Discussion 0
Question # 6

An agreement attached to a health insurance policy which alters either the terms of the policy or the coverage is called:

Options:

A.  

A limit clause

B.  

An attachment

C.  

An insuring clause

D.  

A rider

Discussion 0
Question # 7

An individual or business entity conducting business under an assumed or fictitious name must notify the Bureau of Insurance either at the time the license application is filed or:

Options:

A.  

Within 30 calendar days from the date the name is adopted

B.  

Within 60 calendar days from when the first policy is sold under the assumed name

C.  

At the time of license renewal

D.  

30 days before the assumed name is no longer being used

Discussion 0
Question # 8

A health maintenance organization (HMO) must offer emergency health services:

Options:

A.  

Sixteen hours a day, six days per week

B.  

Sixteen hours a day, seven days per week

C.  

Twenty-four hours a day, six days per week

D.  

Twenty-four hours a day, seven days per week

Discussion 0
Question # 9

Which is true about the conversion privilege in term life insurance?

Options:

A.  

The policyowner may convert to another term policy of the insured’s choice

B.  

The policyowner may convert to permanent life insurance on an attained age basis without evidence of insurability

C.  

The policyowner may convert to an annuity at attained age rates only if evidence of insurability is provided

D.  

The policyowner may obtain additional term insurance at issue age rates without evidence of insurability

Discussion 0
Question # 10

Which type of health insurance helps to pay for the cost of care in cases where hospitalization is not required but the individuals are unable to care for themselves?

Options:

A.  

Medicare

B.  

Long-term care

C.  

Major medical

D.  

Disability income

Discussion 0

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