Virginia Laws and Rules - Health
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Misrepresentation on the application is - Answer✅✅Material
Misrepresenting a policy for the purpose of inducing a policyholder to change or
replace an existing policy is known as - Answer✅✅Twisting
An agent's license may be renewed without - Answer✅✅Appointment by a
sponsoring entity
, Starting in 2016, Businesses with up to ___ employees will be defined by the ACA as
a "small business" - Answer✅✅100
Twisting means - Answer✅✅Persuading an insured, to the insured's detriment, to
switch policies
The "Notice to buyer" on the first page of each long-term care policy delivered in
Virginia - Answer✅✅Explains that some long-term care costs may not be covered
Making a statement that is false or maliciously critical of the financial condition of
an insurer is known as - Answer✅✅defamation
Two agents are licensed in the same line of insurance. One agent provides the other
with a referral that results in a sale. How will the commissions on this sale likely be
paid? - Answer✅✅Agents will likely share the commission
Misrepresenting pertinent policy provisions relations to coverage after a loss is -
Answer✅✅An unfair claims settlement practice
All of the following are powers and duties of the commission EXCEPT -
Answer✅✅Prosecute brokers who violate state insurance laws
Under what circumstances must an agent's insurance records be provided to the
commission? - Answer✅✅Upon the request of the Commission
Qualified long-term care policies must include all of the following provision EXCEPT -
Answer✅✅Prior hospitalization
Which of the following would be a valid reason for suspending or revoking an
insurance agent's license? - Answer✅✅Participating in the act of twisting
An individual appointed by an insurance company represents the company and
presents policies on its behalf is - Answer✅✅An agent
In counseling a prospective policyholder about replacing existing group health
insurance, the discussion topics should include - Answer✅✅Comparing the benefits
of the current and proposed plans
Under the uniform mandatory provision, an Accident and Health insurer has the
right to request an autopsy - Answer✅✅Only where not prohibited by law
Compensation for a new Medicare Supplement policy replaces an excising policy
cannot exceed - Answer✅✅The renewal commission of the original policy
Which of the following is information that an insurer is NOT expected to provide to
an employer when offering health coverage to an employee? - Answer✅✅The
terms of the insurer's provider agreements
Insurance| Brand New Exam
Questions with 100% Correct Clear
Verified Answers| All Graded
SA+|Latest Premium Update|100%
Guaranteed Success.
Misrepresentation on the application is - Answer✅✅Material
Misrepresenting a policy for the purpose of inducing a policyholder to change or
replace an existing policy is known as - Answer✅✅Twisting
An agent's license may be renewed without - Answer✅✅Appointment by a
sponsoring entity
, Starting in 2016, Businesses with up to ___ employees will be defined by the ACA as
a "small business" - Answer✅✅100
Twisting means - Answer✅✅Persuading an insured, to the insured's detriment, to
switch policies
The "Notice to buyer" on the first page of each long-term care policy delivered in
Virginia - Answer✅✅Explains that some long-term care costs may not be covered
Making a statement that is false or maliciously critical of the financial condition of
an insurer is known as - Answer✅✅defamation
Two agents are licensed in the same line of insurance. One agent provides the other
with a referral that results in a sale. How will the commissions on this sale likely be
paid? - Answer✅✅Agents will likely share the commission
Misrepresenting pertinent policy provisions relations to coverage after a loss is -
Answer✅✅An unfair claims settlement practice
All of the following are powers and duties of the commission EXCEPT -
Answer✅✅Prosecute brokers who violate state insurance laws
Under what circumstances must an agent's insurance records be provided to the
commission? - Answer✅✅Upon the request of the Commission
Qualified long-term care policies must include all of the following provision EXCEPT -
Answer✅✅Prior hospitalization
Which of the following would be a valid reason for suspending or revoking an
insurance agent's license? - Answer✅✅Participating in the act of twisting
An individual appointed by an insurance company represents the company and
presents policies on its behalf is - Answer✅✅An agent
In counseling a prospective policyholder about replacing existing group health
insurance, the discussion topics should include - Answer✅✅Comparing the benefits
of the current and proposed plans
Under the uniform mandatory provision, an Accident and Health insurer has the
right to request an autopsy - Answer✅✅Only where not prohibited by law
Compensation for a new Medicare Supplement policy replaces an excising policy
cannot exceed - Answer✅✅The renewal commission of the original policy
Which of the following is information that an insurer is NOT expected to provide to
an employer when offering health coverage to an employee? - Answer✅✅The
terms of the insurer's provider agreements
