1. Exam Prep
  2. Virginia
  3. Life, Accident & Health
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Virginia Life, Accident & Health exam — 28 practice questions.

Subtopics: Regulatory authority, License authority, Exam, Renewal, Continuing education, Appointment, Termination, Unfair trade practices, Rebating, Replacement, Guaranty association, Guaranty association advertising, Fiduciary, Unfair claims, Producer responsibility, Penalties, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, CAN-SPAM Act, Advertising

Read the Insurance Regulation study guide

Sample questions & answers

1. Life and health insurance in Virginia is regulated by:

The State Corporation Commission through its Bureau of Insurance

The SCC Bureau of Insurance regulates life and health insurance in Virginia; the regulator is not elected.

2. A producer selling both life and health products in Virginia must hold:

The applicable life and accident and health lines of authority

The producer must hold each applicable line of authority (life and accident/health) to transact those products.

3. Resident applicants in Virginia generally obtain a license by:

Passing the required licensing examination

Resident applicants must generally pass the licensing exam for the lines requested unless exempt.

4. Virginia resident producer licenses are generally renewed:

Biennially with continuing education completed

Licenses are maintained on a biennial cycle with CE completed before renewal.

All Life, Accident & Health topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.