Under Virginia standards for marketing long-term care coverage, all of these are prohibited sales practices EXCEPT:

A. Twisting

B. Replacing existing coverage

C. High pressure tactics

D. Cold lead advertising

The benefit supplement attached to a life insurance policy which insures all members of a family is called a:

A. Spouse term rider

B. Children’s term rider

C. Family term rider

D. Survivorship term rider

Which expenses are covered by Medicare Part D?

A. Medical

B. Hospital

C. Prescription drug

D. Dental

Which is true about disability buy-sell insurance policies?

A. The policyowner may not be the beneficiary

B. The insurer pays the benefits to the disabled individual

C. The policy proceeds are normally received income tax-free

D. The premiums are tax-deductible

Which is true about a joint and survivor annuity?

A. The benefits are payable throughout the lifetimes of two or more people.

B. The benefits cease when the surviving annuitant reaches life expectancy.

C. It is a combination of an annuity and whole life insurance.

D. Each annuitant must provide evidence of insurability.

A health insurer must generally pay for all of the following types of claims EXCEPT:

A. Those incurred before termination of coverage

B. Those incurred after termination of coverage

C. Those less than $20 above the deductible amount

D. Those related to mental or nervous disorders

In general practice, which one of the following is true of the powers of the Bureau of Insurance withrespect to access to an agent’s business records?

A. Records can only be accessed by an order of a state court

B. Authorization must come from the National Association of Insurance Commissioners (NAIC)

C. Records must be produced upon the request of the Bureau of Insurance

D. The Bureau of Insurance has no right to access an agent’s business records because of privacy considerations

All of the following statements about the installments for a fixed period settlement option in life insurance policies are true EXCEPT:

A. The amount of the periodic payment is based on the beneficiary’s age

B. The longer the period of time, the smaller each installment

C. Each installment payment consists of both principal and interest

D. The beneficiary may elect this option unless the policyowner has specified otherwise

What kind of rider may be added to an individual disability income insurance policy to increase benefits during periods of price inflation?

A. Inflation guard

B. Cost of living

C. Price escalation

D. Wage protection

Which is true about a term life insurance policy?

A. It usually provides a cash value

B. It provides temporary protection

C. It may only be written for periods of five years or less

D. It usually can be renewed at the same premium

All the following are considered Essential Health Benefits under the ACA, EXCEPT:

A. Hospitalization

B. Laboratory services

C. Adult dental services

D. Preventive care services

An agent or insurer who unknowingly violates insurance laws may be charged a maximum penalty of:

A. $500 per occurrence, with a cap of $10,000

B. $750 per occurrence, with a cap of $10,000

C. $1,000 per occurrence, with a cap of $10,000

D. $1,500 per occurrence, with a cap of $10,000