Under Virginia's unfair discrimination rule for members of the armed forces, which reason for refusing to issue a life insurance policy to a National Guard member is prohibited?

The applicant's duty assignment with the National Guard

Under Virginia law, an insurer may not refuse to issue or continue a life insurance policy solely because of which characteristic of the applicant?

The applicant's religious beliefs

An individual sends a Virginia insurer a written request to delete an entry in her recorded personal information. The insurer decides to refuse and sends its notice within thirty business days of receiving the request. Under Va. Code Ann. Sec. 38.2-609(A), besides the refusal itself, what must that notice tell her?

The reasons for the refusal and her right to file a statement about the dispute

The Commission has reason to believe a Virginia life and health agent has violated the insurance title, and it issues an order requiring the agent to show cause. How may the Commission serve that order?

By certified or registered mail, or any other lawful manner

An underwriter is considering an adverse underwriting decision on an applicant who was the subject of an adverse underwriting decision by another insurer last year. Under Va. Code Ann. Sec. 38.2-612(A), which of the following may properly serve as a basis for the decision?

Further information obtained from the insurer responsible for that earlier decision

Under Virginia law, which insurance companies transacting or licensed to transact insurance in the Commonwealth are subject to inspection, supervision and regulation by the Commission?

Domestic, foreign and alien companies, without distinction

An officer of an insurer knowingly files a report with a public official that contains a false material statement of fact about the insurer's financial condition. How does Virginia law treat this conduct?

It is prohibited as a false statement about a person's finances

A licensed Virginia producer refuses to let Bureau of Insurance employees examine the records of her insurance business. Under Va. Code Ann. Sec. 38.2-1809(A), what consequence may she face?

License denial, suspension or revocation, after notice and an opportunity to be heard

Va. Code Ann. Sec. 38.2-613.01 directs the Commission to adopt regulations concerning insurers that require HIV testing of applicants. What must those regulations ensure?

That applicants an insurer requires to be tested are notified of their test results

A Virginia life producer hands a client a form and tells her it only updates her mailing address. In fact, the form changes the beneficiary on her life insurance policy, and she signs it relying on his description. How does Virginia law treat the producer's conduct?

Prohibited, because he obtained her signature by false pretense to change the policy's benefits

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1.Under Virginia's unfair discrimination rule for members of the armed forces, which reason for refusing to issue a life insurance policy to a National Guard member is prohibited?
Answer: A. The applicant's duty assignment with the National Guard
Va. Code Ann. Sec. 38.2-508.1(A) bars refusing to issue or to continue a life policy on a member of the United States Armed Forces, its Reserves, or the National Guard because of the member's military status or duty assignment. A refusal based on the duty assignment is therefore prohibited. The subsection does not address an unpaid initial premium, a material misrepresentation, or an unsigned application.
Source
Va. Code Ann. Sec. 38.2-508.1(A) (Unfair discrimination; members of the armed forces)
Choose an answer to see the explanation.
2.Under Virginia law, an insurer may not refuse to issue or continue a life insurance policy solely because of which characteristic of the applicant?
Answer: D. The applicant's religious beliefs
Va. Code Ann. Sec. 38.2-508.2 bars refusing to issue or continue a life policy solely because of the individual's race, color, sexual orientation, gender identity, religion, national origin, or sex. Religion is on that list. Tobacco use, a hazardous hobby and income level are not among the characteristics the section names.
Source
Va. Code Ann. Sec. 38.2-508.2 (Discrimination prohibited)
Choose an answer to see the explanation.
3.An individual sends a Virginia insurer a written request to delete an entry in her recorded personal information. The insurer decides to refuse and sends its notice within thirty business days of receiving the request. Under Va. Code Ann. Sec. 38.2-609(A), besides the refusal itself, what must that notice tell her?
Answer: B. The reasons for the refusal and her right to file a statement about the dispute
When an insurance institution, agent or insurance-support organization declines a written request to correct, amend or delete recorded personal information, subdivision A 2 of Va. Code Ann. Sec. 38.2-609 requires it to notify the individual of the refusal, the reasons for it, and her right to file a statement under subsection C. It must act, by making the change or by sending that notice, within thirty business days of receiving the request. Subsection A does not call for a list of past recipients, an appeal to the Commission, or any automatic removal of the entry. Under subsection C, the statement she may file sets out what she believes is the correct, relevant or fair information and why she disagrees with the refusal.
Source
Va. Code Ann. Sec. 38.2-609(A) (Correction, amendment, or deletion of recorded personal information)
Choose an answer to see the explanation.
4.The Commission has reason to believe a Virginia life and health agent has violated the insurance title, and it issues an order requiring the agent to show cause. How may the Commission serve that order?
Answer: A. By certified or registered mail, or any other lawful manner
Va. Code Ann. Sec. 38.2-219(A) directs the Commission to serve the order by certified or registered mail or in any other manner permitted by law. Hand delivery, newspaper notice and email are each offered as the only permitted method, and the subsection contains no such restriction: it names certified or registered mail expressly and allows any other lawful method. The order also states the charges and gives notice of a hearing at least ten days after service.
Source
Va. Code Ann. Sec. 38.2-219(A) (Violations; procedure; cease and desist orders)
Choose an answer to see the explanation.
5.An underwriter is considering an adverse underwriting decision on an applicant who was the subject of an adverse underwriting decision by another insurer last year. Under Va. Code Ann. Sec. 38.2-612(A), which of the following may properly serve as a basis for the decision?
Answer: C. Further information obtained from the insurer responsible for that earlier decision
Subdivision A 1 of Va. Code Ann. Sec. 38.2-612 forbids resting an adverse underwriting decision, wholly or partly, on the mere existence of an earlier adverse underwriting decision, or on the individual's earlier coverage through a residual market mechanism. The same subdivision expressly permits a decision based on further information obtained from the insurance institution or agent responsible for the earlier decision. Subdivision A 3 separately forbids relying on the fact that the individual previously obtained coverage from a particular insurance institution or agent.
Source
Va. Code Ann. Sec. 38.2-612(A)(1) (Bases for adverse underwriting decisions)
Choose an answer to see the explanation.
6.Under Virginia law, which insurance companies transacting or licensed to transact insurance in the Commonwealth are subject to inspection, supervision and regulation by the Commission?
Answer: B. Domestic, foreign and alien companies, without distinction
Va. Code Ann. Sec. 38.2-200(A) charges the Commission with executing all laws relating to insurance and insurers. It places every company, domestic, foreign, and alien, that transacts or is licensed to transact insurance in Virginia under the Commission's inspection, supervision and regulation. Limiting oversight to domestic companies, or to foreign and alien companies, leaves out a class the subsection names expressly. The subsection also draws no distinction by line of business.
Source
Va. Code Ann. Sec. 38.2-200(A) (General powers of the Commission relative to insurance)
Choose an answer to see the explanation.
7.An officer of an insurer knowingly files a report with a public official that contains a false material statement of fact about the insurer's financial condition. How does Virginia law treat this conduct?
Answer: B. It is prohibited as a false statement about a person's finances
Va. Code Ann. Sec. 38.2-506(1) prohibits knowingly filing with any supervisory or other public official a false material statement of fact as to a person's financial condition, and it separately prohibits publishing or circulating such a statement to the public. Filing with an official is therefore covered in its own right. The paragraph contains no requirement that anyone suffer a loss and no provision excusing a later correction.
Source
Va. Code Ann. Sec. 38.2-506(1) (False statements and entries)
Choose an answer to see the explanation.
8.A licensed Virginia producer refuses to let Bureau of Insurance employees examine the records of her insurance business. Under Va. Code Ann. Sec. 38.2-1809(A), what consequence may she face?
Answer: A. License denial, suspension or revocation, after notice and an opportunity to be heard
Va. Code Ann. Sec. 38.2-1809(A) gives the Commission power to examine the business affairs and records of any person engaged in the business of insurance in Virginia, expressly including all agents. A licensee who refuses to permit the Commission or its employees, including Bureau of Insurance employees, to make an examination may, after notice and an opportunity to be heard, face the penalties that apply to licensees, including denial, suspension or revocation of the license. Because notice and an opportunity to be heard come first, immediate revocation does not fit the section, and nothing in it hands the matter to an appointing insurer.
Source
Va. Code Ann. Sec. 38.2-1809(A) (Power of Commission to investigate affairs of persons engaged in insurance business; penalties for refusal to permit investigation)
Choose an answer to see the explanation.
9.Va. Code Ann. Sec. 38.2-613.01 directs the Commission to adopt regulations concerning insurers that require HIV testing of applicants. What must those regulations ensure?
Answer: D. That applicants an insurer requires to be tested are notified of their test results
Va. Code Ann. Sec. 38.2-613.01 requires the Commission to promulgate regulations so that applicants are notified of test results whenever insurers require them to be tested for HIV. The section covers applicants for life or accident and sickness coverage and applicants for modifications to existing coverage, so neither accident and sickness applicants nor applicants for changes are carved out. Nothing in this section forbids the testing itself; it addresses what applicants must be told once an insurer requires it.
Source
Va. Code Ann. Sec. 38.2-613.01 (Commission to promulgate regulations on disclosure of certain medical test results to insurance applicants)
Choose an answer to see the explanation.
10.A Virginia life producer hands a client a form and tells her it only updates her mailing address. In fact, the form changes the beneficiary on her life insurance policy, and she signs it relying on his description. How does Virginia law treat the producer's conduct?
Answer: B. Prohibited, because he obtained her signature by false pretense to change the policy's benefits
Va. Code Ann. Sec. 38.2-512(C) bars anyone, in a document pertaining to the business of insurance, from getting another person's signature by false pretense, or using such a signature, to alter the benefits, terms or conditions of an insurance contract. The client's own signature does not cure the problem, because the deceit lies in how the signature was obtained, and that is the conduct subsection C reaches. Subsection C contains no exception for notifying the insurer and no requirement that the client prove a financial loss.
Source
Va. Code Ann. Sec. 38.2-512(C) (Misrepresentation in insurance documents or communications)
Choose an answer to see the explanation.

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The scored exam is free, 20 questions in 30 minutes, and needs an account. These 10 do not.

1.Under Virginia's unfair discrimination rule for members of the armed forces, which reason for refusing to issue a life insurance policy to a National Guard member is prohibited?

2.Under Virginia law, an insurer may not refuse to issue or continue a life insurance policy solely because of which characteristic of the applicant?

4.The Commission has reason to believe a Virginia life and health agent has violated the insurance title, and it issues an order requiring the agent to show cause. How may the Commission serve that order?

5.An underwriter is considering an adverse underwriting decision on an applicant who was the subject of an adverse underwriting decision by another insurer last year. Under Va. Code Ann. Sec. 38.2-612(A), which of the following may properly serve as a basis for the decision?

6.Under Virginia law, which insurance companies transacting or licensed to transact insurance in the Commonwealth are subject to inspection, supervision and regulation by the Commission?

7.An officer of an insurer knowingly files a report with a public official that contains a false material statement of fact about the insurer's financial condition. How does Virginia law treat this conduct?

8.A licensed Virginia producer refuses to let Bureau of Insurance employees examine the records of her insurance business. Under Va. Code Ann. Sec. 38.2-1809(A), what consequence may she face?

9.Va. Code Ann. Sec. 38.2-613.01 directs the Commission to adopt regulations concerning insurers that require HIV testing of applicants. What must those regulations ensure?

10.A Virginia life producer hands a client a form and tells her it only updates her mailing address. In fact, the form changes the beneficiary on her life insurance policy, and she signs it relying on his description. How does Virginia law treat the producer's conduct?

The other 427 questions are $29.