Free Virginia Accident & Health Insurance Practice Exam 1
Prepare for your licensing exam with our realistic state-specific test questions, complete answers, and detailed rationales.
Exam Structure & Overview
Passing the Virginia insurance exam is the ultimate step toward launching your career as a licensed professional. This practice test consists of 25 high-probability questions sampled to match the general composition of topics tested on the real state licensing examination.
Whether you are preparing for the Accident & Health lines or a combined license, practicing with mock questions helps cement concepts, improves time management, and reduces test-day anxiety.
Key Practice Focus Areas
- State Laws & Regulations: Specific rules, licensing duties, and consumer protections.
- Policy Provisions & Options: Standard contract clauses, riders, exclusions, and riders.
- General Principles: Underwriting basics, insurance concepts, and legal requirements.
Recommended Study PathTry this practice exam fully. Review each explanation carefully when an answer is submitted. If you feel ready to unlock the full comprehensive question database, visit the main state hub for deeper exam simulations.
Study Hub & Practice Test Navigation
Practice Tests
Life & Annuities:
Study Materials
General Navigation
Interactive Practice Area
Select answers below to receive immediate score feedback.
Test 125 Questions
1/25
0%
Health InsuranceTypes of Policies
Which type of policy pays a fixed, per-day benefit for each day the insured is hospitalized, regardless of the actual costs?
Health InsuranceDisability Income
Social insurance offset riders in disability income policies:
Health InsuranceTypes of Policies
What is a 'dread disease' or 'limited risk' policy?
Virginia Insurance Law & EthicsUnfair trade practices
A client files a complaint with the Bureau of Insurance claiming an agent misrepresented a policy. If the Commission investigates, what is the agent's primary obligation?
Health InsuranceManaged Care
Under an HMO model, the 'gatekeeper' primary care physician (PCP) role is to:
Health InsuranceHSAs HRAs and FSAs
Which of the following is considered a qualified medical expense for HSA withdrawals?
Health InsuranceMedicare & Medicaid
To be eligible for Medicare Part A without paying a premium, an individual must have:
General InsuranceInsurance Marketplace
The McCarran-Ferguson Act (1945) established that:
Virginia Insurance Law & EthicsFree-look period
A client, Arthur, who is 68 years old, purchases a Medicare Supplement policy. Under Virginia law, what is the minimum free-look period required for Medicare Supplement policies?
General InsuranceBasic Principles
A hazard that increases the probability of loss due to a person's dishonest character is called a:
Health InsuranceManaged Care
Utilization review in managed care is the process of:
Virginia Insurance Law & EthicsUnfair trade practices
During a sales meeting, an agent tells a client that a life insurance policy's illustrated dividends are guaranteed, even though dividends are never guaranteed. What is this violation?
General InsuranceBasic Principles
The risk management technique of taking action to reduce the frequency or severity of a potential loss is known as:
Health InsuranceGroup Plans
In a group health insurance plan, the contract is between the:
Health InsuranceMedicare & Medicaid
A beneficiary in a Medicare Advantage HMO plan generally must receive their care from:
Health InsuranceTypes of Policies
What is a 'pre-existing condition' exclusion?
Health InsuranceGroup Plans
Under federal COBRA, what is the maximum period an employee can continue coverage after termination of employment?
General InsuranceBasic Principles
Which of the following represents a pure risk?
Virginia Insurance Law & EthicsGrace period
A policyowner, David, has an individual life insurance policy in Virginia. His premium was due on May 1, but he forgot to pay. If David dies on May 20, how will the insurer handle the claim?
General InsuranceBasic Principles
The purpose of insurance from a social perspective is to:
Virginia Insurance Law & EthicsUnfair trade practices
An agent distributes a pamphlet that describes a competitor as 'financially unstable and on the verge of bankruptcy,' knowing this statement is false. What trade practice has the agent violated?
Health InsuranceGroup Plans
A Section 125 (Cafeteria) plan allows employees to:
Health InsuranceDisability Insurance
How are premiums for an individual disability income policy treated for tax purposes?
Health InsuranceHSAs HRAs and FSAs
An employee has both a limited-purpose FSA and an HSA. The limited-purpose FSA may only be used for which of the following expenses, while preserving HSA eligibility?
Health InsuranceHealth Insurance Basics