support@Free-Braindumps.com
Register Login
Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
CrowdStrike
Anthropic
All Vendors
  1. Home
  2. Exams
  3. Virginia Insurance
  4. Virginia-Life-Annuities-and-Health-Insurance

Free Virginia-Life-Annuities-and-Health-Insurance Exam Braindumps
Virginia Life, Annuities, and Health Insuranceination Series 1101 Questions 206–210 (page: 43)

Updated On: 10-Feb-2026
Page 43 of 89
PDF with 440 Questions

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:

  1. Policy is within 31 days of the renewal date
  2. Policy has entered into the grace period for premium payment
  3. Insurer was not notified prior to the claim that the insured has other health coverage
  4. Insured has submitted claims in excess of $2,000 during the policy year

Answer(s): C

Explanation:

The insurance with other insurers provision prevents over-insurance and duplication of benefits by allowing insurers to coordinate coverage. If an insured has multiple policies with different insurers and fails to notify, each insurer will pay only a proportionate share of the claim. Exact Extract (Virginia Health Policy Provisions): "If the insurer was not notified that the insured has other valid coverage, benefits will be prorated to prevent duplication." Reference (Virginia Documents / Study Guide):
-- Virginia Health Insurance Examination Outline, Required Policy Provisions



Giving policyholders some part of the agent's commission as an inducement to purchase insurance is an unfair trade practice known as:

  1. Twisting
  2. Rebating
  3. Replacement
  4. Misrepresentation

Answer(s): B

Explanation:

Rebating occurs when an agent gives part of their commission, money, or anything of value to induce a customer to purchase insurance. This practice is prohibited under Virginia's Unfair Trade Practices Act.
Exact Extract (Virginia Unfair Trade Practices Law): "Rebating includes paying, allowing, or giving any rebate of premium, commission, or other valuable consideration as an inducement to the purchase of insurance."
Reference (Virginia Documents / Study Guide):
-- Code of Virginia §38.2-509 (Rebates and inducements prohibited)



Most individuals become eligible for Medicare at age:

  1. 59
  2. 62
  3. 65
  4. 70

Answer(s): C

Explanation:

Medicare eligibility begins at age 65 for most individuals. Earlier eligibility is available only for certain disabilities or end-stage renal disease, but the standard eligibility age is 65. Exact Extract (Virginia Health Insurance Study Guide): "Medicare is a federal program providing health insurance to individuals age 65 or older and certain disabled individuals under age 65." Reference (Virginia Documents / Study Guide):
-- Virginia Health Insurance Examination Outline, Medicare Overview



An individual may receive a penalty-free premature distribution from a traditional IRA for all of the following reasons EXCEPT:

  1. The individual becomes disabled
  2. The individual incurs excessive medical expenses
  3. The individual purchases a first home
  4. The individual files bankruptcy

Answer(s): D

Explanation:

Penalty-free withdrawals from a traditional IRA before age 59½ are permitted for disability, qualified first-time home purchase (up to $10,000), or certain unreimbursed medical expenses. Bankruptcy is not a qualifying exception.
Exact Extract (Virginia Retirement Study Guide): "Exceptions to early withdrawal penalty include disability, first-time home purchase, qualified education, or medical expenses. Bankruptcy is not included."
Reference (Virginia Documents / Study Guide):
-- Virginia Life & Annuities Examination Outline, Retirement Plans ­ Taxation Rules



If an individual's occupation is considered to be illegal:

  1. It must be stated as such on a health insurance application
  2. It may require a waiver on a disability income insurance policy
  3. It may result in a denial of a disability income claim
  4. It results in a substandard rating on a health insurance policy

Answer(s): C

Explanation:

Disability income insurance excludes coverage for claims resulting from participation in illegal activities or employment considered unlawful. Therefore, disability resulting from an illegal occupation may be denied.
Exact Extract (Virginia Disability Insurance Study Guide): "Policies exclude disabilities arising from illegal occupations or activities. Claims in connection with such occupations may be denied." Reference (Virginia Documents / Study Guide):
-- Virginia Health Insurance Examination Outline, Exclusions in Disability Income Policies



  PDF
Viewing page 43 of 89
Viewing questions 211 - 215 out of 440 questions


Post your Comments and Discuss Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance exam prep with other Community members:

AI Tutor AI Tutor 👋 I’m here to help!