VIRGINIA LIFE AND HEALTH FINAL EXAM QUESTIONS AND
05/26/2026
ANSWERS 100% PASS
Virginia life and Health Final Exam Questions and Answers 100% Pass
Respite Care coverage is typically found in a(n)
Long Term Care policy
In Virginia, false advertising is an example of
Misrepresentation
Which of the following provisions allows an insured or the insurer to terminate the policy?
Cancelable provision
According to the Affordable Care Act, coverage may be rescinded
If intentionally false statements were offered
What happens to a life insurance policy when the policy loan balance exceeds the cash value?
Policy will no longer be in force
Which of the following is true regarding a person receiving a waiver of premium benefit?
The insured must be disabled for a period of time
5/26/2026
The initial premium for a life insurance policy is typically paid in what way?
1
, VIRGINIA LIFE AND HEALTH FINAL EXAM QUESTIONS AND
05/26/2026
ANSWERS 100% PASS
It is typically obtained by the producer and forwarded to the insurer
An accident and health insurance policy's premium requirements are set forth in which of the following
provisions?
Consideration clause
Which of the following relationships demonstrates insurable interest in the absence of economic
interest?
Marriage partners
Health providers are compensated by a preferred provider organization (PPO) for normal dental
procedures by what means?
Decreased fee schedules
The Optionally Renewable provision allows what party to cancel the contract?
The insurer
When issuing disability income coverage on a substandard risk, an insurance company may
shorten the benefit period
James is covered with health insurance by two different insurers. The "insurance with other insurers"
5/26/2026
provision in an individual health insurance policy allows an insurer to pay benefits to the insured on a
pro-rata basis when
The insurer was not notified prior to the claim that the insured has other health coverage
2
, VIRGINIA LIFE AND HEALTH FINAL EXAM QUESTIONS AND
05/26/2026
ANSWERS 100% PASS
Which of the following statements BEST describes a double indemnity provision in travel accident
insurance?
Benefits are doubled under certain circumstances stated in the policy
An agent must hold which of the following licenses to sell variable life insurance policies?
Life, variable, and securities license
Which tax cost is normally associated with death?
Federal estate tax
A group health certificate for coverage issued in Virginia MUST contain a(n)
A summary of policy features and benefits
Accident and health insurance claim handling is made more convenient to the insured by utilizing
Assignment of benefits
Which of the following reduces the opportunity for overinsurance?
Coordination of benefits provision
5/26/2026
The State Corporation Commission is empowered to perform each of the following acts EXCEPT
3
05/26/2026
ANSWERS 100% PASS
Virginia life and Health Final Exam Questions and Answers 100% Pass
Respite Care coverage is typically found in a(n)
Long Term Care policy
In Virginia, false advertising is an example of
Misrepresentation
Which of the following provisions allows an insured or the insurer to terminate the policy?
Cancelable provision
According to the Affordable Care Act, coverage may be rescinded
If intentionally false statements were offered
What happens to a life insurance policy when the policy loan balance exceeds the cash value?
Policy will no longer be in force
Which of the following is true regarding a person receiving a waiver of premium benefit?
The insured must be disabled for a period of time
5/26/2026
The initial premium for a life insurance policy is typically paid in what way?
1
, VIRGINIA LIFE AND HEALTH FINAL EXAM QUESTIONS AND
05/26/2026
ANSWERS 100% PASS
It is typically obtained by the producer and forwarded to the insurer
An accident and health insurance policy's premium requirements are set forth in which of the following
provisions?
Consideration clause
Which of the following relationships demonstrates insurable interest in the absence of economic
interest?
Marriage partners
Health providers are compensated by a preferred provider organization (PPO) for normal dental
procedures by what means?
Decreased fee schedules
The Optionally Renewable provision allows what party to cancel the contract?
The insurer
When issuing disability income coverage on a substandard risk, an insurance company may
shorten the benefit period
James is covered with health insurance by two different insurers. The "insurance with other insurers"
5/26/2026
provision in an individual health insurance policy allows an insurer to pay benefits to the insured on a
pro-rata basis when
The insurer was not notified prior to the claim that the insured has other health coverage
2
, VIRGINIA LIFE AND HEALTH FINAL EXAM QUESTIONS AND
05/26/2026
ANSWERS 100% PASS
Which of the following statements BEST describes a double indemnity provision in travel accident
insurance?
Benefits are doubled under certain circumstances stated in the policy
An agent must hold which of the following licenses to sell variable life insurance policies?
Life, variable, and securities license
Which tax cost is normally associated with death?
Federal estate tax
A group health certificate for coverage issued in Virginia MUST contain a(n)
A summary of policy features and benefits
Accident and health insurance claim handling is made more convenient to the insured by utilizing
Assignment of benefits
Which of the following reduces the opportunity for overinsurance?
Coordination of benefits provision
5/26/2026
The State Corporation Commission is empowered to perform each of the following acts EXCEPT
3
