Chapter exam-Virginia laws and rules questions & answers

The free look period provided in a life insurance policy is usually - ANSWER-10 or more days A prospective client was intimidated by an agent to purchase an insurance contract. The agent could be found guilty of - ANSWER-Coercion Medicare supplement policies in Virginia may contain - ANSWER-Neither waiting periods nor preexisting conditions exclusions Mentally or physically handicapped children MUST be covered under an individual health insurance policy - ANSWER-Until they become self-supportive Which of these is not an unfair claims settlement practice? - ANSWER-Offering to settle a claim by arbitration An agent Does NOT need to notify the Bureau of insurance of a - ANSWER-Change in financial stats The Affordable care act's premium rating process includes each of the following EXCEPT - ANSWER-Employment status When testing for the human immunodeficiency virus (HIV), Virginia law requires a consent form - ANSWER-That discloses who may receive a copy of the results What action may the bureau of insurance take when it finds that a license applicant is not competent untrustworthy? - ANSWER-Declining to issue the license