Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Last Update Jan 14, 2026
Total Questions : 150
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The typical group disability income insurance policy EXCLUDES coverage for disability resulting from:
An insurance company that agrees to accept all or a portion of a risk covered by another insurance company is:
Insurance which covers business expenses and payroll when the insured businessowner is disabled is:
(The Virginia Life, Accident and Sickness Insurance Guaranty Association was established to protect consumers in the event of an insurer’s:)
What occurs when money is transferred directly from one IRA into another IRA of the same type?
An individual covered under a disability income policy is injured while engaged in an occupation that is more hazardous than the occupation stated in the policy. What is the effect of the policy's change of occupation provision?
A qualified plan participant elected a trustee-to-trustee transfer of rollover funds instead of personally receiving the funds and then rolling them over. This election permits the participant to:
If a claim payment is delayed under a health policy, the insurer must pay:
(All of the following statements about universal life insurance are true EXCEPT:)
Under what circumstances will a contingent beneficiary be entitled to proceeds from a life insurance policy?
Under which type of policy are benefit payments treated as taxable income?
An individual may receive a penalty-free premature distribution from a traditional IRA for all of the following reasons EXCEPT:
Including a guaranteed insurability rider on a life insurance policy means that:
When an HIV test is requested by a health insurer, who signs the consent form?
When a health insurance policy provision is in conflict with the statutes of Virginia, it is:
In the solicitation and sale of Medicare Supplement insurance policies, when must an agent deliver the buyer’s guide?
An insured with a long-term care (LTC) policy knowingly and intentionally misrepresented relevant facts relating to the insured’s health. How long does an insurer have to contest the coverage?
False advertising regarding insurance policies would be found in all of the following EXCEPT:
(In Virginia, regulations for variable insurance contracts are set by all of the following EXCEPT:)
All of the following factors may be considered in individual disability income insurance underwriting EXCEPT:
All of the following normally indicate the presence of insurable interest in the life of another person EXCEPT:
Which type of life insurance policy is designed to pay the balance of a thirty-year home mortgage loan in the event of the insured’s death?
How long does an agent have to report administrative actions by other states to the Bureau of Insurance?
If a patient with a preferred provider plan chooses to use a non-preferred provider, the patient usually can expect:
When the owner of a life insurance policy reserves the right to change the beneficiary, the arrangement is called:
Who has the right to change the beneficiary of an AD&D policy with a revocable beneficiary designation?
Insurance company medical expense claim forms typically include questions about all of the following EXCEPT:
When a health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?
Under the notice of claim provision, notice given to a health insurance company’s agent is:
(The provision in a life insurance policy that allows the policyowner to cancel the policy within a limited period of time after delivery of the policy and receive a full premium refund is the:)
(The owner's cost basis in a non-qualified deferred annuity is usually equal to the:)
The interest that an insurance company earns on life insurance premiums paid helps to:
In an individual disability income insurance policy, the waiver of premium rider:
Medical expense insurance typically EXCLUDES payment for treatment of injury or sickness resulting from:
(All employer-sponsored qualified retirement plans are generally required to open participation to any employee age 21 or over with a minimum of how many years of service?)
What is the effect on a life insurance policy if the insured fails to repay the full value of loans taken against the policy?
If an employee in poor health is part of a large group that is acceptable for group life insurance, that employee is:
In general practice, which one of the following is true of the powers of the Bureau of Insurance with respect to access to an agent’s business records?
Giving policyholders some part of the agent’s commission as an inducement to purchase insurance is an unfair trade practice known as:
(Which type of life insurance policy is also considered a securities product?)
In individual health insurance, a proof of loss typically should be submitted to the insurer within:
(What is the maximum percentage of total employee payroll that an employer may contribute to a profit-sharing plan?)
The insurance with other insurers provision in an individual health insurance policy allows an insurer to pay benefits to the insureds on a pro-rata basis when the:
All of the following underwriting criteria are useful in evaluating the health risks of a group EXCEPT:
In health insurance, the insurance policy, the endorsements, and any relevant papers attached to the policy make up the:
All of the following are types of insurance policy exchanges that can be made without current taxation EXCEPT:
(Each licensee shall adjust, as appropriate, the information security program consistent with the following EXCEPT:)
Who has the right to change the beneficiary of a health policy with a revocable beneficiary designation?
An accelerated benefit rider in a life insurance policy may provide funds to an insured who:
The prevention and correction of dental and oral irregularities through the use of mechanical corrective devices is called:
An individual or business entity conducting business under an assumed or fictitious name must notify the Bureau of Insurance either at the time the license application is filed or:
False advertising regarding insurance policies would be found in all of the following EXCEPT:
Which contract provides an income benefit until the first of two annuitants dies?
In initiating a health insurance claim, what must the insured provide to the insurer within the time limit specified in the policy or as soon thereafter as reasonably possible?
(Term life insurance may be purchased for all of the following reasons EXCEPT:)
Which statement is true of trade association groups eligible for group medical benefits?
(All of the following statements about an offer for an insurance contract are correct EXCEPT:)
All of the following are typical health maintenance organization (HMO) preventive care services provided by a primary care physician EXCEPT:
Policy loan provisions may be found in all of the following life insurance policies EXCEPT:
Which type of annuity could be used for contributions to an Individual Retirement Account?
All of the following are basic underwriting actions in health insurance EXCEPT:
An insured died six months after a life insurance policy was issued. The full death benefit will NOT be paid if the cause of death was:
One characteristic of flexible premium life insurance is that payment of the premium can be altered at the option of:
When there is a misstatement of age by an applicant for a disability income policy:
Unless an insured has made fraudulent statements on the application for individual health coverage, subsequent claims may not be denied under the provision for:
An unpaid policy loan may terminate a life insurance contract when the amount of the loan plus accrued interest exceeds the:
When a Medicare Supplement insurance policy is being replaced, who must sign the notice of replacement?
When the amount of a policy loan plus interest exceeds a life insurance policy's cash value:
(An individual purchased an annuity contract with $100,000 received in settlement of a lawsuit. No further purchase payments are permitted and benefit payments are to start in 17 years. The contract is:)
(What is the MINIMUM percentage of employees who must participate in an employer's noncontributory group life insurance plan?)
What is the effect on a life insurance policy if the insured fails to repay the full value of loans taken against the policy?
Medical expense insurance typically EXCLUDES payment for treatment of injury or sickness resulting from:
Field underwriting usually differs from home office underwriting in that the agent:
Which type of life insurance policy often contains a payor benefit rider?
All of the following are common life insurance nonforfeiture options EXCEPT:
The designation of a beneficiary by class in a life insurance policy means that:
Which is true when a corporation purchases and is the beneficiary of an individual disability income insurance policy on a key employee?
(When an agent is acting within the scope of authority granted in the agency contract, the insurer:)
Which of these is a claim payment method that responds to the geographical variation in medical costs?
A penalty tax sometimes applies to "premature" distributions of gains under a modified endowment contract (MEC). What is the amount of the penalty tax?
Disability income insurance policies usually provide coverage for loss of income resulting from:
(All of the following are characteristics of term life insurance EXCEPT:)
An individual currently owns a long-term care policy. At the time of application for similar coverage, which item must be signed by the applicant and retained by the insurer?
A coordination of benefits provision is included in group health insurance to reduce:
(Which of the following life insurance policies is a flexible policy that gives the policyowner options for face amounts and investment objectives?)
What is a situation or condition that increases the likelihood of an insured loss occurring?
The insurance with other insurers provision in an individual health insurance policy allows an insurer to pay benefits to the insured on a pro-rata basis when the:
How much tax is withheld from funds that are transferred directly from one IRA to another IRA?
When delivering a life insurance policy, an agent’s responsibilities may include all of the following EXCEPT:
A contractual arrangement that transfers exposure from one insurer to another insurer is a:
TESTED 14 Jan 2026
