Under Virginia's general rule on revoking or suspending an existing agent license, apart from the one cross-referenced exception the statute names, what must happen before the Commission takes that action?

The licensee must first be given an opportunity to be heard before the Commission.

A Maryland resident applies for a Virginia nonresident life and annuities agent license. Which showing about the applicant's Maryland status does Virginia's nonresident licensing statute require?

Proof that the applicant now holds a Maryland resident license in good standing

Four people work for a life insurer licensed in Virginia. Under the licensing exception for officers, directors and employees whose work is executive, administrative, managerial or clerical, which of them needs no insurance producer license?

A salaried administrative employee, indirectly involved in sales, who earns no commission

A Virginia life and annuities agent mails a document required under Virginia's agent licensing chapter on March 3. The envelope is postmarked March 3, and the Commission receives it on March 6. Under the chapter's definitions, on which date is the document considered filed?

March 6, because that is the date the Commission received it

Sam, who is unlicensed, plays no part in selling, soliciting, negotiating or referring any business. A licensed friend agrees to pass Sam part of the commissions the friend earns on annuity sales to Virginia customers. Under the meaning of acting as an agent in Virginia's license-requirement statute, is Sam acting as an agent?

Yes, because receiving a share of commissions, even indirectly, is acting as an agent

At a producer's direction, an agency bookkeeper deliberately leaves a material premium receipt out of the agency's books. How does Virginia's false statements and entries provision treat this?

It is prohibited, because knowingly omitting a true material entry is barred

After a hearing, the Commission finds that a Virginia life producer is about to commit a violation of the insurance title, although the conduct has yet to occur. Under the cease and desist provision, what may the Commission do?

Serve an order reciting its findings and directing the producer to cease and desist

A Virginia employee's group life coverage ended because of her status as a member of the National Guard. The employer's group policy was later replaced with a new one, and she has now returned to eligibility status under it. What does Virginia law require?

Her coverage must be reinstated despite the replacement of the group policy

A policyholder sends a Virginia life insurer a proper written request, with identification, for access to recorded personal information about her. Under the rule on informing her of the nature and substance of that information, who chooses whether this is done in writing, by telephone or by other oral communication?

The insurer, which may use whichever method it prefers

An insurer refuses to issue life insurance to otherwise acceptable applicants solely because they live in one particular Virginia county. Under the unfair discrimination rule on geographic location, when is such a refusal permitted?

Only when it has a non-pretextual business purpose or is required by law or regulation

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1.Under Virginia's general rule on revoking or suspending an existing agent license, apart from the one cross-referenced exception the statute names, what must happen before the Commission takes that action?
Answer: B. The licensee must first be given an opportunity to be heard before the Commission.
Virginia's statute on refusing and revoking licenses provides that, except as Sec. 38.2-1042 provides, the Commission may not revoke or suspend an existing license until the licensee has had a chance to be heard before the Commission. When revocation or suspension is proposed, the licensee receives at least ten calendar days' written notice of the hearing's time and place if a hearing is requested. None of the other choices appears in this statute as a condition: it does not call for a prior criminal conviction, the consent of appointing insurers, or a period to correct the conduct.
Source
Va. Code Ann. Sec. 38.2-1832(A) (Refusal to issue and revocation of license; hearing; new application)
Choose an answer to see the explanation.
2.A Maryland resident applies for a Virginia nonresident life and annuities agent license. Which showing about the applicant's Maryland status does Virginia's nonresident licensing statute require?
Answer: D. Proof that the applicant now holds a Maryland resident license in good standing
Virginia's nonresident licensing statute lists the conditions for a nonresident agent license, and the first is proof, in a form the Commission accepts, that the applicant currently holds a resident license and is in good standing in the home state. A license held at some earlier time does not meet a requirement stated in the present tense. The conditions in subsection A do not include passing a Virginia examination or keeping an office in Virginia.
Source
Va. Code Ann. Sec. 38.2-1836(A)(1) (Licensing nonresidents; reciprocal agreements with other states and Canadian provinces)
Choose an answer to see the explanation.
3.Four people work for a life insurer licensed in Virginia. Under the licensing exception for officers, directors and employees whose work is executive, administrative, managerial or clerical, which of them needs no insurance producer license?
Answer: B. A salaried administrative employee, indirectly involved in sales, who earns no commission
This exception covers an officer, director or employee of an insurer or producer only when two conditions are both met: the person receives no direct or indirect commission on policies written or sold to insure Virginia risks, and the person's work is executive, administrative, managerial or clerical and only indirectly related to selling, soliciting or negotiating insurance. The salaried administrative employee meets both. The clerical employee paid per policy and the officer receiving an indirect commission each fail the no-commission condition. The telephone solicitor is soliciting directly, so that work is not merely indirectly related to sales.
Source
Va. Code Ann. Sec. 38.2-1821.1(B)(1)(a) (Exceptions to licensing)
Choose an answer to see the explanation.
4.A Virginia life and annuities agent mails a document required under Virginia's agent licensing chapter on March 3. The envelope is postmarked March 3, and the Commission receives it on March 6. Under the chapter's definitions, on which date is the document considered filed?
Answer: B. March 6, because that is the date the Commission received it
Virginia's agent licensing chapter defines filed to mean received by the Commission. The document arrived on March 6, so that is the date it was filed. The definition ties filing to receipt alone. It does not use the mailing or postmark date, and it does not wait for the Commission to review or accept the document or for an insurer to confirm anything.
Source
Va. Code Ann. Sec. 38.2-1800 (Definitions)
Choose an answer to see the explanation.
5.Sam, who is unlicensed, plays no part in selling, soliciting, negotiating or referring any business. A licensed friend agrees to pass Sam part of the commissions the friend earns on annuity sales to Virginia customers. Under the meaning of acting as an agent in Virginia's license-requirement statute, is Sam acting as an agent?
Answer: A. Yes, because receiving a share of commissions, even indirectly, is acting as an agent
Virginia's license-requirement statute treats a person as acting as an agent if he sells, solicits or negotiates insurance or annuity contracts for a licensed insurer, or if he takes or splits a commission or other valuable consideration coming from such a sale, whether directly or indirectly. No one may act as an agent without first obtaining a license. Sam's share of commissions is enough on its own, so the definition is not limited to selling activity. Routing the money through a licensed friend does not help, because indirect receipt is covered, and the definition sets no percentage threshold.
Source
Va. Code Ann. Sec. 38.2-1822(A) (License required of individual and business entity agents; individual acting for business entity licensee)
Choose an answer to see the explanation.
6.At a producer's direction, an agency bookkeeper deliberately leaves a material premium receipt out of the agency's books. How does Virginia's false statements and entries provision treat this?
Answer: C. It is prohibited, because knowingly omitting a true material entry is barred
Virginia prohibits knowingly making a false entry of a material fact in any person's book, report or statement, and it equally prohibits knowingly failing to make a true entry of a material fact about that person's business in those records. A deliberate omission of a material receipt is the second kind of violation. The prohibition is satisfied without any filing with a public official and without any statement about financial condition; those elements belong to a different paragraph of the same section, which addresses false statements about financial condition.
Source
Va. Code Ann. Sec. 38.2-506(2) (False statements and entries)
Choose an answer to see the explanation.
7.After a hearing, the Commission finds that a Virginia life producer is about to commit a violation of the insurance title, although the conduct has yet to occur. Under the cease and desist provision, what may the Commission do?
Answer: B. Serve an order reciting its findings and directing the producer to cease and desist
When the hearing shows that a violation of the title is about to occur or has already occurred, subsection B lets the Commission serve an order reciting its findings and directing the person to stop the violation, or another appropriate order the case requires. Waiting for completion is wrong because the provision expressly covers an impending violation. Seeking a court's help is wrong because the Commission issues the order itself. An automatic suspension is wrong because subsection B acts through an order based on findings; under subsection C, violating such an order may upon conviction lead to license suspension or revocation.
Source
Va. Code Ann. Sec. 38.2-219(B) (Violations; procedure; cease and desist orders)
Choose an answer to see the explanation.
8.A Virginia employee's group life coverage ended because of her status as a member of the National Guard. The employer's group policy was later replaced with a new one, and she has now returned to eligibility status under it. What does Virginia law require?
Answer: B. Her coverage must be reinstated despite the replacement of the group policy
Where group life or group health coverage ended because of a person's military status, including service in the National Guard, no person may refuse to reinstate it once the individual returns to eligibility status, and this holds regardless of whether the group policy was continued, renewed, reissued or replaced. Reinstated coverage may not add any new preexisting condition or other exclusion or limitation; only the unsatisfied remainder of a preexisting condition requirement from before termination may be applied. Replacement of the policy therefore gives no ground to refuse, a new service-related exclusion is barred, and requiring her to start over as a new applicant would be a refusal to reinstate.
Source
Va. Code Ann. Sec. 38.2-508.1(B) (Unfair discrimination; members of the armed forces)
Choose an answer to see the explanation.
9.A policyholder sends a Virginia life insurer a proper written request, with identification, for access to recorded personal information about her. Under the rule on informing her of the nature and substance of that information, who chooses whether this is done in writing, by telephone or by other oral communication?
Answer: B. The insurer, which may use whichever method it prefers
Va. Code Ann. Sec. 38.2-608(A)(1) lets the insurance institution, agent or insurance-support organization tell the individual about the nature and substance of the information in writing, by telephone or orally, at its own preference. The policyholder's preference controls a different step: under subdivision (A)(2) she chooses between seeing and copying the information in person or receiving a copy by mail. The section gives the Commission no role in choosing the method, and a written-only rule is wrong because telephone and other oral communication are expressly allowed.
Source
Va. Code Ann. Sec. 38.2-608(A)(1) (Access to recorded personal information)
Choose an answer to see the explanation.
10.An insurer refuses to issue life insurance to otherwise acceptable applicants solely because they live in one particular Virginia county. Under the unfair discrimination rule on geographic location, when is such a refusal permitted?
Answer: D. Only when it has a non-pretextual business purpose or is required by law or regulation
Virginia treats refusing to issue, refusing to renew, or limiting coverage solely because of an individual's or risk's geographic location as unfair discrimination among people of the same class and hazard. Two exceptions apply: the refusal serves a business purpose that is not a mere pretext for unfair discrimination, or it is required by law or regulatory mandate. Filing a county list or pointing to an above-average premium is neither exception, and the rule is not an absolute ban, because the statute itself supplies the two exceptions.
Source
Va. Code Ann. Sec. 38.2-508(4) (Unfair discrimination)
Choose an answer to see the explanation.

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1.Under Virginia's general rule on revoking or suspending an existing agent license, apart from the one cross-referenced exception the statute names, what must happen before the Commission takes that action?

2.A Maryland resident applies for a Virginia nonresident life and annuities agent license. Which showing about the applicant's Maryland status does Virginia's nonresident licensing statute require?

3.Four people work for a life insurer licensed in Virginia. Under the licensing exception for officers, directors and employees whose work is executive, administrative, managerial or clerical, which of them needs no insurance producer license?

4.A Virginia life and annuities agent mails a document required under Virginia's agent licensing chapter on March 3. The envelope is postmarked March 3, and the Commission receives it on March 6. Under the chapter's definitions, on which date is the document considered filed?

6.At a producer's direction, an agency bookkeeper deliberately leaves a material premium receipt out of the agency's books. How does Virginia's false statements and entries provision treat this?

7.After a hearing, the Commission finds that a Virginia life producer is about to commit a violation of the insurance title, although the conduct has yet to occur. Under the cease and desist provision, what may the Commission do?

8.A Virginia employee's group life coverage ended because of her status as a member of the National Guard. The employer's group policy was later replaced with a new one, and she has now returned to eligibility status under it. What does Virginia law require?

10.An insurer refuses to issue life insurance to otherwise acceptable applicants solely because they live in one particular Virginia county. Under the unfair discrimination rule on geographic location, when is such a refusal permitted?

The other 255 questions are $29.