Chapter Exam: West Virginia Life and Health Laws and Rules Questions and Answers with 100% Correct Answers

Chapter Exam: West Virginia Life and Health Laws and
Rules Questions and Answers with 100% Correct
Answers
Question 1.
How does the West attain office?
Correct Answer: Virginia Insurance Commissioner Gubernatorial appoint- ment

Question 2.
Newborn children must coverage for ____ days.
Correct Answer: initially be provided health 31

Question 3.
Pre-existing conditions Supplement policy
Correct Answer: may be excluded on a Medicare 6 months for up to

Question 4.
The waiting period Medicare Supplement
Correct Answer: for pre-existing conditions on 6 policies is ___months.

Question 5.
To continue health owner must notify first premium payment
Correct Answer: coverage for a newborn, the policy- 31 the insurer of birth and
provide the within ___ days of birth.

Question 6.
Which of the following health services on
Correct Answer: is an organization that provides Health Maintenance Or- a prepaid
basis? ganization

Question 7.
In West Virginia, how er penalize a producer
Correct Answer: may the Insurance Commission- A fine, only after a hearing for an
insurance law violation?

Question 8.
J is a producer who misrepresentation policy. What is J guilty
Correct Answer: has induced an insured through Twisting to surrender an existing
insurance of?

, Question 9.
Once the Insurance ter a hearing, an insured rehearing within ___
Correct Answer: Commissioner makes a ruling af- 30 or insurer may request a
days.

Question 10.
Which statement must an Accident Only policy?
Correct Answer: be included on the first page of This is an Accident Only policy
and it does not pay benefits for loss from sick- ness

Question 11.
While taking an application ness (A&S) policy, a insurance policies they sale involves
Correct Answer: for an Accident and Sick- producer must list any other health have
sold to the applicant if the

Question 12.
While taking an application ness (A&S) policy, a insurance policies they sale involves
Correct Answer: for an Accident and Sick- replacement producer must list any
other health have sold to the applicant if the

Question 13.
A group life insurance _____ of the insured's
Correct Answer: policy insured may assign up to 100% coverage.

Question 14.
S the producer charged policy. Under West
Correct Answer: a fee for placing an insurance report the placement to his Virginia
law, S must primary insurer

Question 15.
A labor union must issued a group life
Correct Answer: have at LEAST ___ members to be 25 policy.

Question 16.
A life insurance policyowner ceeds from this policy tor's claims when they
Correct Answer: recently died. The pro- the insured's estate are NOT exempt from a
credi- are payable to

Question 17.
A ______ ______ is the free-look period.
Correct Answer: signed document that starts the delivery receipt