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Virginia-Life-Annuities-and-Health-Insurance PDF Practice Q&A's
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- Total Questions: 418
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Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Syllabus Topics:
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Reference: https://www.prometric.com/files/virginia/1101-Life-and-Health-Insurance.pdf
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Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 11-01 Sample Questions:
All of the following statements about independent agents are true EXCEPT:
- A. They are responsible for their own expenses.
- B. They are employees of an insurer.
- C. They own their renewal business.
- D. Their compensation is based on what they sell.
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Which statement is true of trade association groups eligible for group medical benefits?
- A. Employer contributions are usually waived
- B. Such associations are formed for the purpose of purchasing insurance
- C. The association membership primarily consists of large employers
- D. Members of the association are usually in the same industry
Correct Answer: D 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Which of these is a claim payment method that responds to the geographical variation in medical costs?
- A. Experience rating
- B. Fee schedules for common procedures
- C. Usual, customary, and reasonable charges
- D. Capitation
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
(An agent who makes an incomplete comparison of policies to encourage an insured to cancel a contract of another insurer and purchase a new one is guilty of:)
- A. Rebating
- B. Twisting
- C. Coercion
- D. Defamation
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
(Which of the following is one characteristic of a SIMPLE IRA plan?)
- A. Employers must have a minimum of 500 employees to participate
- B. Employees are mandatory contributors
- C. Employers do not have filing requirements
- D. Employees are vested after 10 years of service
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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