Virginia Laws and Rules Pertinent to
Insurance Exam Q&A 100% Solved
All of the following are examples of insurance advertisement EXCEPT
A) A direct mail brochure announcing specific Accident and Health insurance
plans
B) A newspaper notice announcing free insurance advice
C) A television spot announcing an insurance company's new product
D) An employer newsletter announcing the availability of coverage for
employees - ✔✔D) An employee newsletter announcing the availability of
coverage for employees
Under the ACA, health coverage is provided for dependents up to the age of -
✔✔26
Who issues Medicare Supplement policies - ✔✔Insurance companies
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Which of the following is a requirement to be eligible for a group life policy in
Virginia
A) Group must be formed for a purpose other than obtaining insurance
B) Group must designate one of its members to be the name insured
C) Group must have been formed for obtaining insurance
D) Group must include at least 5 employers - ✔✔A) Group must be formed for a
purpose other than obtaining insurance
An agent who willfully violates the insurance code may, after a hearing, pay UP
TO _________ per violation as a penalty - ✔✔$5,000
Which of the following coverages does NOT need to be provided under the
ACA?
A)Preventative services as set by the CMS
B) Elective cosmetic surgery
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, C) Emergency services
D) Pre-existing Conditions - ✔✔B) Elective cosmetic surgery
Which of the following does NOT qualify as a creditable coverage under HIPAA
A) Accident plans
B) Individual major medical plans
C) Medicare plans
D)Group major medical plans - ✔✔A) Accident Plans
An agent charged an insurance applicant an administration fee. At what point
must the agent give a written disclosure for this fee? - ✔✔Prior to any services
being rendered
Which of the following actions does the Commission in Virginia have the power
to perform - ✔✔Examine insurer solvency
3|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
Insurance Exam Q&A 100% Solved
All of the following are examples of insurance advertisement EXCEPT
A) A direct mail brochure announcing specific Accident and Health insurance
plans
B) A newspaper notice announcing free insurance advice
C) A television spot announcing an insurance company's new product
D) An employer newsletter announcing the availability of coverage for
employees - ✔✔D) An employee newsletter announcing the availability of
coverage for employees
Under the ACA, health coverage is provided for dependents up to the age of -
✔✔26
Who issues Medicare Supplement policies - ✔✔Insurance companies
1|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Which of the following is a requirement to be eligible for a group life policy in
Virginia
A) Group must be formed for a purpose other than obtaining insurance
B) Group must designate one of its members to be the name insured
C) Group must have been formed for obtaining insurance
D) Group must include at least 5 employers - ✔✔A) Group must be formed for a
purpose other than obtaining insurance
An agent who willfully violates the insurance code may, after a hearing, pay UP
TO _________ per violation as a penalty - ✔✔$5,000
Which of the following coverages does NOT need to be provided under the
ACA?
A)Preventative services as set by the CMS
B) Elective cosmetic surgery
2|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, C) Emergency services
D) Pre-existing Conditions - ✔✔B) Elective cosmetic surgery
Which of the following does NOT qualify as a creditable coverage under HIPAA
A) Accident plans
B) Individual major medical plans
C) Medicare plans
D)Group major medical plans - ✔✔A) Accident Plans
An agent charged an insurance applicant an administration fee. At what point
must the agent give a written disclosure for this fee? - ✔✔Prior to any services
being rendered
Which of the following actions does the Commission in Virginia have the power
to perform - ✔✔Examine insurer solvency
3|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
