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Life and Health Insurance Producer Exam

Appointments (VA): practice questions

Our Life & Health Insurance bank has 3 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Virginia

When an insurer terminates an agent's appointment, how soon must it notify the agent?

  1. Within one business day of the decision
  2. Within 60 calendar days of the effective date
  3. Within five calendar days
  4. Within 30 days, by certified mail
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C. Within five calendar days — Va. Code 38.2-1834(B); the Commission must also be notified promptly.

Question 2 · Virginia

An agent holding both life and health and property and casualty authority wants to sell both for one insurer. What is required?

  1. Two separate licenses, but only one appointment for both lines
  2. A single combined appointment that covers every line of authority held
  3. Both a life and health and a property and casualty appointment
  4. No appointment, since the license already lists both lines
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C. Both a life and health and a property and casualty appointment — Va. Code 38.2-1827.

Question 3 · Virginia

A licensed but not yet appointed agent submits a first application to an insurer. How long does the insurer have to appoint the agent or reject the business?

  1. 45 calendar days from the policy's effective date
  2. Until the end of the calendar quarter of the sale
  3. 15 days from receipt at the home office
  4. 30 calendar days from the date the application is executed
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D. 30 calendar days from the date the application is executed — Va. Code 38.2-1833(A)(1).

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