Virginia Insurance
Virginia Life, Annuities, and Health Insurance Examination Series 1101
Q1:
Which term refers to the period of time from the beginning of confinement to the beginning of benefits under a long-term care insurance policy?
○
A
The trial period○
B
The exclusion period○
C
The qualifying period○
D
The elimination period
Virginia Insurance
Virginia Life, Annuities, and Health Insurance Examination Series 1101
Q2:
Under COBRA, how much of the active-employee cost may be passed on to a surviving spouse for continued coverage?
○
A
No more than 50%○
B
No more than 75%○
C
No more than 100%○
D
No more than 102%
Virginia Insurance
Virginia Life, Annuities, and Health Insurance Examination Series 1101
Q3:
Most individuals become eligible for Medicare at age:
○
A
59○
B
62○
C
65○
D
70
Virginia Insurance
Virginia Life, Annuities, and Health Insurance Examination Series 1101
Q4:
Under the notice of claim provision, notice given to a health insurance company's agent is:
○
A
An incomplete preliminary notice of claim○
B
Notice to the insurer○
C
Not valid notice to the company○
D
Contrary to the uniform mandatory provisions
Virginia Insurance
Virginia Life, Annuities, and Health Insurance Examination Series 1101
Q5:
A preferred risk classification typically is available for life insurance applicants who:
○
A
Pay a flat extra-rated premium○
B
Smoke less than a pack of cigarettes each day○
C
Have a better than average life expectancy○
D
Have no other life insurance coverage