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VIRGINIA LAWS AND RULES - LIFE INSURANCE EXAM LATEST 2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
A life insurance policyowner sells her policy to a third party in a
viatical settlement. Under this transaction the policy owner -
ANSWER-receives an amount less than the policy's death benefit
Which of the following must clearly be illustrated in ALL sales
material for market value adjusted annuities? - ANSWER-The
market value adjustment can be either upward or downward
The ___________ is required to notify the State Corporation
Commission in the event of appointment termination. - ANSWER-
Insurer
Which of the following would prevent a person from obtaining a
Virginia resident agent license? - ANSWER-Residing in a state
outside of Virginia
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An agent's insurance records must be provided to the State
Corporation Commission - ANSWER-upon request of the State
Corporation Commission
Which of the following entities does NOT establish regulations for
variable insurance products? - ANSWER-State attorney general
According to federal fraud and false statements regulation, what
is required for a prohibited person to transact insurance business
in this state? - ANSWER-Written consent from the state insurance
regulatory agency
What means the attempt made by an agent to intimidate or use
force? - ANSWER-Coercion
Paul is an agent who is licensed in Virginia but a resident of
Maryland. P is considered to be what kind of agent? - ANSWER-
Nonresident
VIRGINIA LAWS AND RULES - LIFE INSURANCE EXAM LATEST 2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
A life insurance policyowner sells her policy to a third party in a
viatical settlement. Under this transaction the policy owner -
ANSWER-receives an amount less than the policy's death benefit
Which of the following must clearly be illustrated in ALL sales
material for market value adjusted annuities? - ANSWER-The
market value adjustment can be either upward or downward
The ___________ is required to notify the State Corporation
Commission in the event of appointment termination. - ANSWER-
Insurer
Which of the following would prevent a person from obtaining a
Virginia resident agent license? - ANSWER-Residing in a state
outside of Virginia
, 2|Page
An agent's insurance records must be provided to the State
Corporation Commission - ANSWER-upon request of the State
Corporation Commission
Which of the following entities does NOT establish regulations for
variable insurance products? - ANSWER-State attorney general
According to federal fraud and false statements regulation, what
is required for a prohibited person to transact insurance business
in this state? - ANSWER-Written consent from the state insurance
regulatory agency
What means the attempt made by an agent to intimidate or use
force? - ANSWER-Coercion
Paul is an agent who is licensed in Virginia but a resident of
Maryland. P is considered to be what kind of agent? - ANSWER-
Nonresident
