Free Virginia-Life-Annuities-and-Health-Insurance Exam braindumps download (Virginia-Life-Annuities-and-Health-Insurance exam dumps Free)

QUESTION: 151

A life insurance agent gives a premium receipt to an applicant when the:

Coverage is guaranteed by the insurer
Initial premium is paid with the application
Application is completed
Medical requirements are completed

Answer(s): B

Explanation:

A conditional receipt is issued when the initial premium is collected with the application. Coverage may become effective upon meeting insurability conditions. Exact extract: "When the first premium is paid, the applicant is given a receipt. This conditional receipt provides coverage based on insurability."

Reference:

Virginia Life Insurance Licensing Study Guide--Premium Receipts.
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QUESTION: 152

A "functional assessment" for long-term care insurance benefits determines:

The nursing home's ability to perform the required level of care
The family members' ability to provide the required level of care
The insured's ability to perform the activities of daily living
The condition of the insured's home and its operating systems

Answer(s): C

Explanation:

Eligibility for long-term care benefits is based on inability to perform Activities of Daily Living (ADLs). Functional assessment measures this ability. Exact extract: "Functional assessments measure the insured's ability to perform ADLs such as bathing, dressing, eating, continence, and transferring."

Reference:

Virginia Long-Term Care Insurance Standards--Eligibility Provisions.
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QUESTION: 153

In dental insurance coverage, which one of the following typically is EXCLUDED?

Treatment started prior to the eligibility date
Preventive care
Dental X-rays
Root canal therapy

Answer(s): A

Explanation:

Dental policies exclude treatment that begins before coverage starts, but generally cover preventive, diagnostic, and restorative care. Exact extract: "Dental insurance typically excludes expenses for treatment initiated before the insured's eligibility date."

Reference:

Virginia Life, Annuities, and Health Study Guide--Dental Insurance.
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QUESTION: 154

The primary purpose of an HMO gatekeeper system is to:

Control plan utilization
Emphasize preventive care
Limit access to inpatient care
Guarantee provider quality

Answer(s): A

Explanation:

The gatekeeper system requires primary care physician approval for specialist referrals or hospital services, controlling use of services. Exact extract: "The gatekeeper concept requires members to seek primary physician approval for specialized or expensive services, thereby controlling utilization."

Reference:

Virginia Life, Annuities, and Health Study Guide--HMOs and Gatekeeper System.
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QUESTION: 155

If a premium on a life insurance policy is paid under an automatic premium loan provision:

The loan must be repaid in thirty days
The policy has no grace period
The extended term option goes into effect
Interest accrues on the loan

Answer(s): D

Explanation:

Automatic premium loans use policy cash value to keep coverage in force, and interest is charged on the borrowed amount. Exact extract: "The automatic premium loan uses policy values to pay overdue premiums; interest is charged on the loan balance."

Reference:

Virginia Life Insurance Licensing Study Guide--Policy Loans and Nonforfeiture Options.

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Free Virginia-Life-Annuities-and-Health-Insurance Exam Braindumps Virginia Life, Annuities, and Health Insuranceination Series 1101 Questions 151–155 (page: 32)

QUESTION: 151

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QUESTION: 152

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QUESTION: 153

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QUESTION: 154

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QUESTION: 155

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Free Virginia-Life-Annuities-and-Health-Insurance Exam Braindumps
Virginia Life, Annuities, and Health Insuranceination Series 1101 Questions 151–155 (page: 32)