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

A.  

Dependent coverage

B.  

Overinsurance

C.  

Probationary periods

D.  

Waiting periods

A.  

A foreign insurer

B.  

A domestic insurer

C.  

An alien insurer

D.  

A captive insurer

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.

A.  

Defamation

B.  

Unfair discrimination

C.  

Misrepresentation

D.  

Coercion

A.  

An insured

B.  

An employee of the insurer

C.  

A consultant

D.  

An agent

A.  

A limit clause

B.  

An attachment

C.  

An insuring clause

D.  

A rider

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

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

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

A.  

Medicare

B.  

Long-term care

C.  

Major medical

D.  

Disability income