VA Health Insurance – 8 Questions and Answers 100% Pass

VA Health Insurance – 8 Questions and Answers 100% Pass Which of the following is a requirement to be eligible for a group life policy in Virginia? A. Group must be formed for a purpose other than obtaining insurance B. Group must designate one of its members to be the named insured C. Group must have been formed for obtaining insurance D. Group must include at least five employers A. Group must be formed for a purpose other than obtaining insurance An accident and health policy holder has ____ days to return the policy and receive a full premium refund 10 An example of an adverse underwriting decision is Terminating insurance coverage Which situation does not require an agent to provide a suitability statement to the annuity company? A. When an annuity contract is recommended and sold as a solution to its clients financial objectives B. After a valuation of a clients retirement goals and annuity is proposed and sold C. When an agent advised the client to purchase a fixed annuity to provide retirement income and an application is taken D. When an agent discusses annuities in general with a client but no specific recommendation is made D. When an agent discusses annuities in general with a client but no specific recommendation is made J is an agent who has induced and insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? Twisting Which of these provisions is not required in a group life policy? Right to loan proceeds Individual accident and health insurance coverage must meet minimum standards in Virginia these minimum standards Apply to policy definitions as well as to benefits When engaged in an insurance transaction in Virginia the agent represents the Insurer J the agent makes false statements to a prospective client about the projected dividends for a policy. J may be found guilty of: Misrepresentation T is an insurance agent running television ad stating his license for a line of authority when in fact he is not. T has engaged in False advertising Under the affordable care act ACA health coverage is provided for dependence up to the age of 26 Which of the following coverages does not need to be provided under the affordable care act ACA? Preventative services as set by the CMS