Exam (elaborations)
Virginia Laws and Rules - Health Insurance Questions and answers latest update
- Course
- Institution
Virginia Laws and Rules - Health Insurance Questions and answers latest update
[Show more]
Content preview
Virginia Laws and Rules - Health Insurance Misrepresentation on the application is - correct answer Material Misrepresenting a policy for the purpose of inducing a policyholder to change or replace an existing policy is known as - correct answer Twisting An agent's license may be renewed without - correct answer Appointment by a sponsoring entity Starting in 2016, Businesses with up to ___ employees will be defined by the ACA as a "small business" - correct answer 100 Twisting means - correct 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 - correct 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 - correct 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? - correct answer Agents will likely share the commission Misrepresenting pertinent policy provisions relations to coverage after a loss is - correct answer An unfair claims settlement practice All of the following are powers and duties of the commission EXCEPT - correct answer Prosecute brokers who violate state insurance laws Under what circumstances must an agent's insurance records be provided to the commission? - correct answer Upon the request of the Commission Qualified long -term care policies must include all of the following provision EXCEPT - correct answer Prior hospitalization Which of the following would be a valid reason for suspending or revoking an insurance agent's license? - correct answer Participating in the act of twisting An individual appointed by an insurance company represents the company and presents policies on its behalf is - correct answer An agent In counseling a prospective policyholder about replacing existing group health insurance, the discussion topics should include - correct 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 - correct answer Only where not prohibited by lawThe benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75860 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now