Reliable Virginia-Life-Annuities-and-Health-Insurance Dumps Questions Available as Web-Based Practice Test Engine [Q73-Q97]

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Reliable Virginia-Life-Annuities-and-Health-Insurance Dumps Questions Available as Web-Based Practice Test Engine

Correct and Up-to-date Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance BrainDumps

NO.73 When the employer pays the premium, covered individuals normally receive tax-free benefits under all of the following group health plans EXCEPT:

Disability income

Major medical

Dental

Health maintenance organization

NO.74 All of the following factors influence the underwriting of group health insurance for an association EXCEPT:

The average age of the membership

Prior claims experience of the association

Marital status of the members

Type of trade or occupation of the association’s members

NO.75 In HMO coverage, preventive services include:

Rehabilitation therapy

Treatment for alcoholism

Childhood immunizations

Home health services

NO.76 The information which gives an insurer necessary personal data regarding an individual and helps determine whether the individual can be insured under an individual health insurance policy is contained in the:

Enrollment form

Policy schedule

Application

Agent’s statement

NO.77 In the solicitation and sale of Medicare Supplement insurance policies, when must an agent deliver the buyer’ s guide?

Only when the solicitation involves replacement

At the time of application

Prior to accepting any payment of premium

Only when the purchaser is a first-time buyer

NO.78 An immediate annuity:

May be purchased in installments

Pays a lump sum benefit to the annuitant

Lacks an accumulation period

Normally permits tax-deductible contributions

NO.79 In a deferred annuity, which contract feature begins at a high level, often 5%-10%, and then diminishes until it disappears after a specified number of years?

The surrender charge

The front end sales load

The guaranteed interest rate

The expense charge

NO.80 Which term refers to the period of time from the beginning of confinement to the beginning of benefits under a long-term care insurance policy?

The trial period

The exclusion period

The qualifying period

The elimination period

NO.81 Assuming no indebtedness or dividend accumulations, how much will the insurer pay under a life insurance policy if the insured dies during the grace period without having paid the premium?

The face amount of the policy

The cash value of the policy

The face amount of the policy less the premium due

The reduced amount of paid-up insurance provided under the nonforfeiture provisions

NO.82 An agent or insurer who unknowingly violates insurance laws may be charged a maximum penalty of:

$500 per occurrence, with a cap of $10,000

$750 per occurrence, with a cap of $10,000

$1,000 per occurrence, with a cap of $10,000

$1,500 per occurrence, with a cap of $10,000

NO.83 On an application for individual health insurance, all of the following are typically included on the agent’s report EXCEPT:

Agent’s relationship to the applicant

Applicant’s financial status

Applicant’s general character

Applicant’s signature

NO.84 Which type of life insurance policy is designed to pay the balance of a thirty-year home mortgage loan in the event of the insured’s death?

30-payment whole life

30-year decreasing term

30-year level term

30-year endowment

NO.85 When an HIV test is requested by a health insurer, who signs the consent form?

The insurance agent

The applicant’s physician

The applicant

The medical laboratory technician

NO.86 When may a person insured under a group term insurance policy exercise the conversion option?

Never, because group life insurance does not have a conversion privilege

Anytime while insurable and still a member of the insured group

Within 31 days after the person has terminated employment

Anytime after the group contract has existed for five years

NO.87 What is a situation or condition that increases the likelihood of an insured loss occurring?

Hazard

Peril

Exposure

Risk

NO.88 Coverage under a cancelable health insurance policy may be terminated by:

The insurer only

The insured only

Either the insured or the insurer

An arbitration committee

NO.89 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?

Medicare

Long-term care

Major medical

Disability income

NO.90 A licensee is NOT required by Virginia law to keep which of the following records?

Accounting records of premium payments

Files of insurance applications on current policies issued

Policy renewal notices

Premium quotations of unissued policies

NO.91 Employer-paid premiums for qualified long-term care insurance are:

Included in an employee’s gross income

Deductible as a business expense

Deductible on an employee’s federal income tax return

Reimbursed by the employee

NO.92 Which contract provides an income benefit until the first of two annuitants dies?

A joint and survivor annuity

A temporary annuity

A joint life annuity

A single life annuity

NO.93 Renewal of small employer health insurance plans may be denied for all of the following reasons EXCEPT:

Nonpayment of premiums

Having less than the required number of participants

Overuse of physician and hospital services

Fraud by the employer

NO.94 A licensed agent must report a felony conviction to the Commission within how many calendar days?

10 days

20 days

30 days

60 days

NO.95 An individual purchased an annuity with a series of premium payments continuing over a period of twenty years. The purchase payments were made during the:

Liquidation period

Annuity period

Period certain

Accumulation period

NO.96 No existing agent’s license will be revoked until:

The agent has been afforded a right to a hearing on the charges

At least three violations have been incurred

A jury has decided upon such action

A cease and desist order has been issued

NO.97 Including a guaranteed insurability rider on a life insurance policy means that:

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

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