Virginia Laws and Rules Exam Questions with 100% Correct Answers | Verified | Latest Update

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Virginia Laws and Rules Exam Questions with 100% Correct Answers | Verified | Latest Update

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2024/2025

Institution Virginia Laws And Rules

Course Virginia Laws and Rules

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Virginia Laws and Rules Exam Questions with 100% Correct Answers | Verified | Latest Update

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Virginia Laws and Rules Exam Questions
with 100% Correct Answers | Verified |
Latest Update

QuestionT1SelectTtheTappropriateTresponse

UnderTtheTHealthTInsuranceTPortabilityTandTAccountabilityTActT(HIPAA
),TallTofTtheTfollowingTqualifyTasTcreditableTcoverageTEXCEPT

accidentTonly
T

individualTmajorTmedical
T

Medicare
T

groupTmajorTmedicalT-TCorrectTAnswer-accidentTonly
T

SelectTtheTappropriateTresponse

AnTagencyThasTmovedTtheTofficeTtoTaTcommercialTofficeTcomplexTlessTt
hanT5TmilesTfromTtheTcurrentTofficeTlocation.TTheTagencyTmustTnotifyTt
heTBureauTofTInsuranceTwithinThowTmanyTcalendarTdaysTofTsuchTchang
eTinTofficeTlocation?

10Tdays
T

20Tdays
T

,30Tdays
T

NoTrequirementTsinceTtheTnewTofficeTisTlessTthanT5TmilesTfromTtheTpri
T

orTofficeTlocationT-TCorrectTAnswer-30Tdays

InsuranceTagentsTMUSTTmaintainTpremiumsTinTaTfiduciaryTcapacityTan
dTremitTthem
atTanyTtimeTtheTagentTdeemsTappropriate
T

inTtheTordinaryTcourseTofTbusiness
T

withinT1Tyear
T

TwithinT6TmonthsTofTreceiptT-TCorrectTAnswer-
inTtheTordinaryTcourseTofTbusiness

SelectTtheTappropriateTresponse

AnTinsurerTmayTpayTcommissionsTdirectlyTtoTanyTpersonTforTservicesTas
TanTagentTprovidedTtheTagent

isTlicensed
T

isTlicensedTandTappointed
T

worksTforTaTlicensedTagencyTevenTifTtheTagentTisTunlicensed
T

ThasTappliedTtoTtakeTtheTlicensingTexaminationT-TCorrectTAnswer-
isTlicensedTandTappointed

, AnTAccidentT&THealthTpolicyTmustTprovideTEssentialTBenefitsTwithoutT
annualTandTlifetimeTlimitsTwhenTpurchased
individuallyTfromTcommercialTproviders
T

throughTMedicare
T

inTaTgroupTplanTfromTcommercialTproviders
T

TindividuallyTorTwithTgroupTcoverageTthroughTtheTFederalTMarketplace
T-TCorrectTAnswer-

individuallyTorTwithTgroupTcoverageTthroughTtheTFederalTMarketplace

InTVirginia,TanTinsuranceTagentTisTBESTTdefinedTas

a personTappointedTbyTmoreTthanToneTinsuranceTcompanyTtoTissueTpo
T T

licies
a personTwhoTsells,Tsolicits,TorTnegotiatesTcontractsTofTinsuranceTorTan
T T

nuity
a personTwhoTplacesTinsuranceTwithTnonadmittedTcompanies
T T

TanTemployeeTofTanTinsuranceTcompanyTwhoThasTtheTauthorityTtoTund
erwriteTinsuranceT-TCorrectTAnswer-
aTpersonTwhoTsells,Tsolicits,TorTnegotiatesTcontractsTofTinsuranceTorTan
nuity

IfTaTlicensedTresidentTinsuranceTagentTmovesToutTofTstate,TwhichTofTth
eTfollowingTwillToccur?
TheTagentTwillTloseTcommissions
T

TheTagent'sTlicenseTshallTterminateTimmediately
T

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Uploaded on: January 21, 2025
Number of pages: 21
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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