Free Virginia Accident & Health Insurance Practice Exam 2
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.
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Test 225 Questions
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General InsuranceContracts & Terminology
What legal principle prevents a party from re-asserting a right they have previously waived?
Virginia Insurance Law & EthicsState Guaranty Association
A policyholder, Carol, has an annuity contract with an insolvent insurer in Virginia. What is the maximum coverage provided by the Virginia Guaranty Association for the cash/withdrawal value of an annuity?
Virginia Insurance Law & EthicsReplacement regulations
An agent, David, is replacing a life insurance policy. He fails to submit the Notice Regarding Replacement to the replacing insurer. What is the consequence for David?
Health InsuranceDisability Income
'Presumptive disability' in a disability income policy means:
Health InsuranceHealth Insurance Basics
A 'hospital confinement indemnity' policy pays:
Health InsuranceDisability Income
Under Social Security Disability Insurance (SSDI), a person qualifies for benefits if they:
General InsuranceBasic Principles
The concept of 'fortuitous loss' in insurance means:
Health InsuranceLong-Term Care Insurance
What is 'home health care' coverage in an LTC policy?
Health InsuranceGroup Health
The 'birthday rule' is used to determine which parent's plan is primary for a dependent child when:
General InsuranceBasic Principles
David's house is damaged by fire. His insurer pays him $50,000 to repair the damage. David then attempts to sue the negligent neighbor who caused the fire for the same $50,000. Which principle prevents David from collecting twice?
Health InsuranceManaged Care
A 'capitation' payment arrangement in managed care means:
General InsuranceContracts Terminology
A 'binder' in insurance provides:
General InsuranceContracts Terminology
A 'unilateral' contract in insurance means:
Health InsuranceLong-Term Care Insurance
The period of time after a benefit trigger is met but before LTC benefits begin is called the:
Virginia Insurance Law & EthicsUnfair trade practices
A lender requires a homebuyer, Paul, to purchase life insurance as collateral for a mortgage. The lender insists that Paul buy the policy from a specific agency associated with the bank. What is this practice known as?
Health InsuranceManaged Care
Which managed care model involves physicians and other providers being employed directly by the HMO?
Health InsuranceDisability Insurance
Which of the following is NOT a common exclusion in a disability income policy?
Health InsuranceDisability Insurance
The length of time that disability income benefits will be paid is called the:
Health InsuranceGroup Plans
What happens to COBRA eligibility if a former employee becomes eligible for Medicare?
Health InsuranceGroup Health
COBRA continuation coverage allows qualified beneficiaries to continue group health insurance for:
Health InsuranceManaged Care
What distinguishes a closed panel provider network from an open panel provider network?
Health InsuranceLong-term Care
The activities of daily living (ADLs) used as benefit triggers in long-term care policies include all of the following EXCEPT:
Virginia Insurance Law & EthicsUnfair trade practices
An agency, Richmond Insurance Services, agrees with another local agency to refuse to sell policies from a specific insurer in order to force that insurer to increase commission rates. What is this agreement classified as?
Health InsuranceDisability Insurance
What is residual disability?
Virginia Insurance Law & EthicsState Insurance Code overview