Free Insurance Regulation Practice Questions
Virginia Accident & Health exam (series 11-06) — 128 practice questions.
Subtopics: Regulatory authority, License required, Appointment, Continuing education, Unfair claims practices, Misrepresentation, Rebating, Guaranty association, Replacement, License renewal, Fraud, Examination authority, Cease and desist, Recordkeeping, Defamation, Exam retake wait, Exam registration validity, Exam score validity, Prelicensing education, Fingerprinting, Minimum age, Service of process, Definition of solicit, Definition of negotiate, License creates no authority, Limited lines life and health, Exceptions to licensing, Referral fees, Group enrollers, Cease solicitation, Appointment verification, Invalid appointment, Appointment record, Revocation and appointments, Moving to Virginia, Nonresident license moving, Resident moves away, Nonresident change of state, Reporting felonies, Reporting other actions, Assumed names, Business entity producer, CE hours, CE multiple categories, CE carryover, CE credit hour, CE board, CE extensions, CE waivers, License reinstatement, CE renewal notices, Grounds for discipline, Hearing notice, Reapplying after revocation, Non-willful penalties, Unlicensed submission, Unlicensed insurers, Restitution, Emergency powers, Federal 1033 consent, Fees beyond premium, Change of agent of record, Renewal commissions, Fiduciary account, Premium payments to agents, Agent of insurer, Insurance consultants, Consultant exams, Consultant contracts, False advertising, Boycott and coercion, False statements and entries, Rebating exceptions, Domestic violence, Living organ donors, Blindness, Twisting and misrepresentation, Notice of information practices, Adverse underwriting decisions, Guaranty association limits, Guaranty association summary, Senior designations, Reporting duties, Temporary licenses, Fair Credit Reporting Act, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Unfair trade practices, Claims practices, Fiduciary duty, Producer licensing, Insurance fraud, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. Accident and health insurance in Virginia is regulated by:
The State Corporation Commission's Bureau of Insurance
The State Corporation Commission is charged with executing all insurance laws and acts through its Bureau of Insurance.
2. To sell, solicit, or negotiate accident and sickness insurance in Virginia, an individual generally must obtain:
A health agent license
Anyone who sells, solicits, or negotiates accident and sickness insurance must obtain a health agent license, with narrow exceptions such as limited licenses and medical benefits within auto or aircraft policies.
3. A licensed health agent who is not yet appointed submits an application to an insurer. What must the insurer do?
Reject it or notify the Commission of the appointment within 30 days
Within 30 calendar days of the first application from a licensed, unappointed agent, the insurer must either reject it or notify the Commission of the appointment.
4. How many continuing education credit hours must a Virginia health agent complete each biennium?
16
An agent holding a life and annuities license, a health license, or both must complete 16 hours of continuing education each biennium, including 3 hours of ethics.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
