West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
West Virginia Life and Health Practice Exam
1. A brochure including an untrue statement regarding a competitors ability topay claims
ANS Defamation
2. An accident policy will most likely pay a benefit for
ANS off-the-job accident
3. The signed document that starts the free look period
ANS Delivery Receipt
4. T applies for a life insurance policy and is told by the producer that the insurer is
bound to the coverage as of the date of the application or medicalexamination,
whichever is later. Assuming that T is an acceptable risk, whatitem is given to T?
ANS Conditional Receipt
5. If a life insurance policy's cash value is subject to loans exceeding ,
replacement is said to have occurred.
ANS 25%
6. Which of these actions is NOT required when a producer replaces anindividual
life insurance policy?
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,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
ANS Obtain the beneficiary's signature
7. A producer is making a sales presentation for a whole life insurance policy.Which of the
following statements may the producer guarantee during the presentation?
ANS "My insurer guarantees cash values"
8. Which Accident and Health policy provision addresses preexisting condi-tions?
ANS Time Limit on Certain Defenses
9. What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary
requires his/her consent when a change of beneficiary is made?-
ANS Irrevocable Beneficiary
10. A 66 year-old is covered under a group health plan while employed with abusiness
that has 40 employees. If she injures herself while walking in the park, what coverage
would be considered primary?
ANS Her group health plan
11. A student pilot can pay regular premium costs for her life insurance policywith the
addition of which of the following?
ANS Aviation Exclusion
12. Which of these types of life insurance allows the policyowner to have levelpremiums
2 of 31 8/20/2024, 1:26
,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
and to also choose from a selection of investment options?
ANS Vari- able Life
13. T cash surrenders a recently-issued whole life policy. He also requeststhat the
proceeds be payable to an unrelated third party. T would likely be red-flagged for
violation of
ANS Anti-money laundering rules
14. Offering a client something of value not stated in the contract in exchangefor their
business.
ANS Rebating
15. A whole life insurance policyowner does not wish to continue making premium
payments.Which of the following enables the policyowner to sell thepolicy for more than
its cash value?
ANS Life Settlement Contract
16. After an insured gives notice of loss, what must he/she do if the insurerdoes not
furnish forms?
ANS File written proof of loss
3 of 31 8/20/2024, 1:26
,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
17. A life insurance policy which ensures that the premium will be paid if the insured
becomes disabled has what kind of rider attached?
ANS Waiver of Premium
18. Which of the following is an organization that provides health services ona prepaid
basis?
ANS Health Maintenance Organization (HMO)
19. Which type of life policy contains a monthly mortality charge as well asself-
directed investment choices?
ANS Variable Universal Life
20. Which of the following correctly explains the actions an agent should takeif a customer
wants to apply for an insurance policy?
ANS Complete the applicationand review the information with the customer prior to obtaining
the customer's signature, then send the application off to the insurance company.
21. On January 8, an applicant filled out an application for a life insurance pol-icy but did
not include the initial premium. The insurance company approved the application on
January 14 and issued the policy January 15. The producerdelivered the policy on January
26 and collected the first premium. When didthe coverage become effective?
4 of 31 8/20/2024, 1:26
West Virginia Life and Health Practice Exam
1. A brochure including an untrue statement regarding a competitors ability topay claims
ANS Defamation
2. An accident policy will most likely pay a benefit for
ANS off-the-job accident
3. The signed document that starts the free look period
ANS Delivery Receipt
4. T applies for a life insurance policy and is told by the producer that the insurer is
bound to the coverage as of the date of the application or medicalexamination,
whichever is later. Assuming that T is an acceptable risk, whatitem is given to T?
ANS Conditional Receipt
5. If a life insurance policy's cash value is subject to loans exceeding ,
replacement is said to have occurred.
ANS 25%
6. Which of these actions is NOT required when a producer replaces anindividual
life insurance policy?
1 of 31 8/20/2024, 1:26
,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
ANS Obtain the beneficiary's signature
7. A producer is making a sales presentation for a whole life insurance policy.Which of the
following statements may the producer guarantee during the presentation?
ANS "My insurer guarantees cash values"
8. Which Accident and Health policy provision addresses preexisting condi-tions?
ANS Time Limit on Certain Defenses
9. What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary
requires his/her consent when a change of beneficiary is made?-
ANS Irrevocable Beneficiary
10. A 66 year-old is covered under a group health plan while employed with abusiness
that has 40 employees. If she injures herself while walking in the park, what coverage
would be considered primary?
ANS Her group health plan
11. A student pilot can pay regular premium costs for her life insurance policywith the
addition of which of the following?
ANS Aviation Exclusion
12. Which of these types of life insurance allows the policyowner to have levelpremiums
2 of 31 8/20/2024, 1:26
,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
and to also choose from a selection of investment options?
ANS Vari- able Life
13. T cash surrenders a recently-issued whole life policy. He also requeststhat the
proceeds be payable to an unrelated third party. T would likely be red-flagged for
violation of
ANS Anti-money laundering rules
14. Offering a client something of value not stated in the contract in exchangefor their
business.
ANS Rebating
15. A whole life insurance policyowner does not wish to continue making premium
payments.Which of the following enables the policyowner to sell thepolicy for more than
its cash value?
ANS Life Settlement Contract
16. After an insured gives notice of loss, what must he/she do if the insurerdoes not
furnish forms?
ANS File written proof of loss
3 of 31 8/20/2024, 1:26
,West Virginia Life and Health Practice Exam.pdf file:///C:/Users/HP/Desktop/NIW/West%20Virginia%20Life%20and
17. A life insurance policy which ensures that the premium will be paid if the insured
becomes disabled has what kind of rider attached?
ANS Waiver of Premium
18. Which of the following is an organization that provides health services ona prepaid
basis?
ANS Health Maintenance Organization (HMO)
19. Which type of life policy contains a monthly mortality charge as well asself-
directed investment choices?
ANS Variable Universal Life
20. Which of the following correctly explains the actions an agent should takeif a customer
wants to apply for an insurance policy?
ANS Complete the applicationand review the information with the customer prior to obtaining
the customer's signature, then send the application off to the insurance company.
21. On January 8, an applicant filled out an application for a life insurance pol-icy but did
not include the initial premium. The insurance company approved the application on
January 14 and issued the policy January 15. The producerdelivered the policy on January
26 and collected the first premium. When didthe coverage become effective?
4 of 31 8/20/2024, 1:26
