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Life and Health Insurance Producer Exam

Long-term care (VA): practice questions

Our Life & Health Insurance bank has 4 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

What free-look period must a Virginia long-term care policy or certificate provide?

  1. 15 days from application
  2. 10 days from delivery
  3. 30 days from delivery
  4. 60 days from issue
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C. 30 days from delivery — Va. Code 38.2-5208.

Question 2 · Virginia

What training must an agent complete to sell a Virginia long-term care Partnership policy?

  1. At least 3 hours initially, then 3 hours of ethics each year
  2. A single 4-hour course, with no ongoing training requirement
  3. At least 8 hours initially, then at least 4 hours every 24 months
  4. At least 16 hours initially, then 8 hours at each biennial license renewal
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C. At least 8 hours initially, then at least 4 hours every 24 months — 14VAC5-200-205(E)(2); training must be Board-approved CE.

Question 3 · Virginia

A Virginia LTC policy has been in force for two years. On what basis may the insurer still contest it?

  1. Any material misrepresentation on the application, even if innocently made
  2. Any misstatement that relates to the condition for which benefits are claimed
  3. Only that the insured knowingly and intentionally misrepresented health facts
  4. It cannot be contested on any basis once two years have passed
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C. Only that the insured knowingly and intentionally misrepresented health facts — Va. Code 38.2-5209(3).

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