Free Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Questions

Become Virginia Insurance Certified with updated Virginia-Life-Annuities-and-Health-Insurance exam questions and correct answers

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Total 445 Questions | Updated On: Jun 17, 2026

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Question 1

All of the following are typical health maintenance organization (HMO) preventive care services provided by a primary care physician EXCEPT:

A : Well-baby checkups

B : Immunizations for children

C : Experimental surgery

D : Physical examinations

Answer: C

Question 2

All of the following statements about tax-sheltered annuities (TSAs) are true EXCEPT:

A : Only employees of certain tax-exempt organizations may participate

B : The employee is normally the applicant, owner, and annuitant under the contract

C : The employee issues periodic personal checks to purchase the contract

D : An employees rights under the contract are nonforfeitable

Answer: C

Question 3

Life insurance death proceeds are normally includable in a deceased insured's gross estate:

A : For federal income tax purposes only

B : If the proceeds were paid to or on behalf of the owner-insured's estate

C : If the insured's beneficiary owns the policy

D : Only if the policy had cash surrender value

Answer: B

Question 4

Twisting is an unfair trade practice defined as:

A : Persuading an insured, to the insured's detriment, to switch policies

B : Encouraging a policyholder to replace a surrendered policy

C : Encouraging an applicant to purchase insurance by offering a discount

D : Making false statements on an application for insurance

Answer: A

Question 5

Medical expense Plan A pays up to $4,000. Plan B pays up to $3,000. If a person covered under bothplans incurs $6,000 in expenses and Plan A is primary, which is true under the coordination ofbenefits provision?

A : Plan A pays up to $6,000.

B : Plan A pays up to $3,000 and Plan B pays up to $3,000.

C : Plan A pays an adjusted percentage and Plan B pays the remainder.

D : Plan A pays up to $4,000 and Plan B pays up to $2,000.

Answer: D

Page: 1 / 89

Total 445 Questions | Updated On: Jun 17, 2026

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