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Good News !!! Virginia-Life-Annuities-and-Health-Insurance Virginia Life, Annuities, and Health Insurance Examination Series 11-01 is now Stable and With Pass Result

Virginia-Life-Annuities-and-Health-Insurance Practice Exam Questions and Answers

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

Last Update 3 days ago
Total Questions : 150

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Question # 1

Under Virginia standards for marketing long-term care coverage, all of these are prohibited sales practices EXCEPT:

Options:

A.  

Twisting

B.  

Replacing existing coverage

C.  

High pressure tactics

D.  

Cold lead advertising

Discussion 0
Question # 2

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 # 3

All changes and corrections made to an application for health insurance by an agent must be initialed by the:

Options:

A.  

Agent

B.  

Applicant

C.  

Applicant’s physician

D.  

Insurance company underwriter

Discussion 0
Question # 4

In individual health insurance, a proof of loss typically should be submitted to the insurer within:

Options:

A.  

30 days from the date of loss

B.  

60 days from the date of loss

C.  

90 days from the date of loss

D.  

120 days from the date of loss

Discussion 0
Question # 5

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 # 6

Which contract provides an income benefit until the first of two annuitants dies?

Options:

A.  

A joint and survivor annuity

B.  

A temporary annuity

C.  

A joint life annuity

D.  

A single life annuity

Discussion 0
Question # 7

A spendthrift clause in a life insurance policy would have NO effect if the beneficiary receives the proceeds as:

Options:

A.  

Fixed amount installments

B.  

Fixed period installments

C.  

Interest-only payments

D.  

One lump sum payment

Discussion 0
Question # 8

Which is a lawful cause for cancellation of an individual long-term care insurance policy by the insurer?

Options:

A.  

Nonpayment of premium

B.  

Medicaid eligibility

C.  

Insurer insolvency

D.  

Nuisance claims

Discussion 0
Question # 9

Which statement is true of trade association groups eligible for group medical benefits?

Options:

A.  

Members of the association are usually in the same industry

B.  

Such associations are formed for the purpose of purchasing insurance

C.  

The association membership primarily consists of large employers

D.  

Employer contributions are usually waived

Discussion 0
Question # 10

In health insurance, the insurance policy, the endorsements, and any relevant papers attached to thepolicy make up the:

Options:

A.  

Completed application

B.  

Entire contract

C.  

Uniform mandatory policy provisions

D.  

Notice of coverage

Discussion 0
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