Free Virginia Life & Health Insurance Practice Exam 2026

Virginia life and health insurance exam sample questions and answers

6 of the 140 practice questions, one from each topic, with the answer explained.

1. 1. Virginia's annuity suitability rule requires an agent recommending an annuity to:

   • A.Recommend the lowest-fee product
   • B.Act in the consumer's best interest
   • C.Disclose only the surrender charge
   • D.Get the insurer's approval in advance

   Answer: B. 14VAC5-45-10 requires agents to act in the consumer's best interest when recommending an annuity and requires insurers to supervise recommendations. The standard does not require the cheapest product, only one that fits the consumer's needs and objectives.

2. 2. No premium was paid with an application. The policy is issued on May 1 and delivered on May 10, when the producer collects the premium. Coverage begins:

   • A.On the application date
   • B.On the medical exam date
   • C.May 1
   • D.May 10

   Answer: D. With no premium at application, coverage starts only when the policy is delivered, the first premium is paid and a statement of good health is signed, which all happened on May 10. Issuing the policy on May 1 does not start coverage because the insurer had not yet received the premium.

3. 3. A couple adopts a child under their Virginia family health plan. The child's coverage begins:

   • A.On the date of placement
   • B.When the adoption is final
   • C.After a 30-day waiting period
   • D.At the next open enrollment

   Answer: A. Va. Code § 38.2-3411.2(C) makes an adopted child eligible from the date of adoptive or parental placement, treats a child placed within 31 days of birth as a newborn, and bars excluding the child for a preexisting condition.

4. 4. Which of these is one of Virginia's required, not optional, uniform provisions for individual accident and sickness policies?

   • A.Misstatement of age
   • B.Illegal occupation
   • C.Cancellation by insured
   • D.Change of occupation

   Answer: C. Va. Code § 38.2-3503 lists 13 required provisions, and the thirteenth, cancellation by insured, lets the insured cancel at any time by written notice with the unearned premium returned. Change of occupation, misstatement of age and illegal occupation are optional provisions under § 38.2-3504.

5. 5. When a Virginia agent solicits individual long-term care insurance, the outline of coverage must be delivered:

   • A.When the policy is delivered
   • B.Within 10 days of application
   • C.Before presenting the application
   • D.Only if the applicant asks

   Answer: C. Va. Code § 38.2-5207(1) requires an agent to deliver the outline of coverage before presenting an application, while the Commission's long-term care consumer guide is given at policy delivery. Direct response sales present the outline with the application.

6. 6. A business owner wants to buy a policy on a co-owner's life. Unless a Virginia exception applies, the co-owner must:

   • A.Apply or consent in writing
   • B.Pass a paramedical exam
   • C.Only be told after issue
   • D.Be named as policyowner

   Answer: A. Va. Code § 38.2-302(A) requires that the insured, if of lawful age and competent, apply for the insurance or consent to it in writing. Exceptions include spouses insuring each other and insurance on a minor by a person with an insurable interest.