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Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 11-01 Sample Questions:
1. In general practice, which one of the following is true of the powers of the Bureau of Insurance withrespect to access to an agent's business records?
A) Records can only be accessed by an order of a state court
B) The Bureau of Insurance has no right to access an agent's business records because of privacy considerations
C) Records must be produced upon the request of the Bureau of Insurance
D) Authorization must come from the National Association of Insurance Commissioners (NAIC)
2. Renewal of small employer health insurance plans may be denied for all of the following reasons EXCEPT:
A) Overuse of physician and hospital services
B) Having less than the required number of participants
C) Nonpayment of premiums
D) Fraud by the employer
3. In the solicitation and sale of Medicare Supplement insurance policies, when must an agent deliver the buyer' s guide?
A) Only when the purchaser is a first-time buyer
B) Only when the solicitation involves replacement
C) At the time of application
D) Prior to accepting any payment of premium
4. 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?
A) Major medical
B) Long-term care
C) Medicare
D) Disability income
5. When may a person insured under a group term insurance policy exercise the conversion option?
A) Anytime after the group contract has existed for five years
B) Anytime while insurable and still a member of the insured group
C) Within 31 days after the person has terminated employment
D) Never, because group life insurance does not have a conversion privilege
Solutions:
Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |