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Insurance Licensing Updated Virginia-Life-Annuities-and-Health-Insurance Exam Questions and Answers by lachlan

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Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Exam Overview :

Exam Name: Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Exam Code: Virginia-Life-Annuities-and-Health-Insurance Dumps
Vendor: Insurance Licensing Certification: Virginia Insurance License
Questions: 150 Q&A's Shared By: lachlan
Question 32

In Virginia, a group health certificate of insurance must contain:

Options:

A.

A copy of the group contract

B.

A list of all participating physicians

C.

The insurer’s financial statement

D.

A summary of policy features and benefits

Discussion
Question 33

Policy loan provisions may be found in all of the following life insurance policies EXCEPT:

Options:

A.

Twenty payment life

B.

Five year life

C.

Whole life

D.

Universal life

Discussion
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Question 34

What is often payable to a life insurance policyowner when a medical condition drastically limits the insured’s life expectancy?

Options:

A.

Death benefit

B.

Accelerated death benefit

C.

Reduced paid-up insurance

D.

Extended term insurance

Discussion
Question 35

(Which of the following is one characteristic of a SIMPLE IRA plan?)

Options:

A.

Employees are mandatory contributors

B.

Employers do not have filing requirements

C.

Employees are vested after 10 years of service

D.

Employers must have a minimum of 500 employees to participate

Discussion
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