Question 1

When a Medicare Supplement policy is purchased during the open enrollment period:

Options :

A : The premium cost may be higher than usual

B : The benefits may be lower than usual

C : The exclusions may be more numerous than usual

D : The policy must be issued regardless of health status

Answer: D

Question 2

Which is true about ownership of a deferred annuity contract?

Options :

A : All of the participants in a group contract are part-owners

B : Ownership rights are neither transferable nor assignable

C : An owner may be the annuitant or the beneficiary or neither

D : An owner’s rights take effect when the benefit payment phase begins

Answer: C

Question 3

A licensee must report an administrative action taken by another state or governmental agency tothe Bureau of Insurance within how many calendar days after final disposition?

Options :

A : 10 days

B : 20 days

C : 30 days

D : 45 days

Answer: C

Question 4

Nearly all citizens of the U.S.A., regardless of age, are eligible for Medicare Part B if they are:

Options :

A : Retired permanently

B : Eligible for Medicare Part A

C : Uninsurable through commercial insurers

D : "Fully insured" under Social Security

Answer: B

Question 5

When a health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?

Options :

A : The premium payor

B : The principal insured individual

C : The patient or parent of the patient

D : The insurer

Answer: D

Free Virginia-Life-Annuities-and-Health-Insurance Mock Exam – Practice Online Confidently

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