Va state life - Study guides, Class notes & Summaries

In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not exceed _____ months 6 months What is a universal life insurance policy? A flexible premium deposit fund and a monthly renewable term insurance policy How is an insured's accident and health claim handled by an insurer if it occurs during the policy's grace period? The unpaid premium may be subtracted from the reimbursement What must an agent do when replacing a long-term care policy with a n...

VA State Life Insurance and Annuities Questions and Answers Already Passed Which of these arrangements allows one to bypass insurable interest laws? investor originated life insurance Which of these is an element of a Variable Life policy? a fixed, level premium What does the insuring agreement in a Life insurance contract establish? an insurer's basic promise A person who issues false written or oral statements that are maliciously critical of the financial condition of an insur...

VA State Life, Annuities, and Health exam, 2nd part only Verified 100% Correct!!

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

VA State Life and Health Exam CH 8 Test Latest Update...

VA State Life, Health and Annuities Exam

VA State Life, Annuities, And Health Exam, 2nd Part Only 100% Pass The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... ... 5 years. Notice of a hearing for a cease and desist order must include the time and place of the hearing and give at least ________ in advance. 10 days Any person who knowingly or willfully violates the Insurance Code of this state will be subject to a penalty up to _______...

Virginia Pesticide Applicator License Exam – All Questions & Answers (Graded A+) Virginia Pesticide Applicator License Exam – All Questions & Answers (Graded A+) State law that sets the rules for pesticide use in Va - ANSWER - The Virginia Pesticide Control Act agency responsible for ensuring safe use of pesticides in VA - ANSWER - The Virginia Department of Agriculture and Consumer Services how long must Worker Protection Standard application records be posted - ANSWER - no later ...

VA State Life, Health and Annuities Exam Questions And Answers Rated A+ New Update Assured Satisfaction

In a long-term care policy issued in Virginia, any provision limiting preexisting conditions may not exceed _____ months - Answer 6 months What is a universal life insurance policy? - Answer A flexible premium deposit fund and a monthly renewable term insurance policy How is an insured's accident and health claim handled by an insurer if it occurs during the policy's grace period? - Answer The unpaid premium may be subtracted from the reimbursement What must an agent do w...