West Virginia life and health practice exam

1. How many hours of continuing education must a West Virginia producer complete each two-year period?

1. 30 hours, including at least 3 hours of ethics
2. 24 hours, with no ethics requirement
3. 20 hours, including at least 2 hours of ethics
4. 24 hours, including at least 3 hours of ethics

2. Before selling long-term care insurance in West Virginia, a producer must complete:

1. A 16-hour course every year
2. No additional training
3. An 8-hour one-time training course, then 4 hours of LTC training each CE period
4. A 4-hour one-time course only

3. Before selling annuities in West Virginia, a producer must complete a one-time annuity training course of:

1. 4 hours
2. 8 hours
3. 16 hours
4. 2 hours

4. What is the minimum age to be licensed as an insurance producer in West Virginia?

1. 21
2. 18
3. 16
4. 19

5. A temporary producer license in West Virginia may be issued for a period not to exceed:

1. 180 days
2. 90 days
3. 1 year
4. 60 days

6. A West Virginia producer must notify the Commissioner of a change of address within:

1. 60 days
2. 10 days
3. 30 days
4. 90 days

7. For each violation of the producer licensing law, the West Virginia Commissioner may impose a civil penalty of up to:

1. $1,000
2. $10,000
3. $25,000
4. $5,000

1. West Virginia requires a life insurance policy to allow a grace period for premiums after the first of:

1. 30 days
2. 31 days
3. 60 days
4. 28 days

2. In West Virginia, a lapsed ordinary life policy may be reinstated within how long from the date of premium default?

1. 2 years
2. 5 years
3. 1 year
4. 3 years

3. In West Virginia, a lapsed industrial life policy may be reinstated within how long from the date of premium default?

1. 3 years
2. 2 years
3. 1 year
4. 5 years

4. In West Virginia, a life policy becomes incontestable after it has been in force during the insured's lifetime for:

1. 2 years from the date of issue
2. 5 years from the date of issue
3. 3 years from the date of issue
4. 1 year from the date of issue

5. A West Virginia life policy may exclude death by suicide that occurs within how long from the date of issue?

1. 3 years
2. 6 months
3. 2 years
4. 1 year

6. For a West Virginia resident insured, interest on life insurance death proceeds is computed from:

1. The date of death
2. The date the claim is approved
3. The date the beneficiary is located
4. The end of the grace period

1. Under West Virginia's replacement rule, the owner of a replacement policy may return it for a full refund within:

1. 20 days of delivery
2. 30 days of delivery
3. 60 days of delivery
4. 10 days of delivery

2. In West Virginia, a replacing insurer must notify the existing insurer of a replacement within:

1. 10 business days of policy issue
2. 24 hours of the sale
3. 30 days of policy delivery
4. 5 business days of receiving the completed application

3. West Virginia replacing insurers must keep replacement records for at least:

1. 10 years
2. 3 years
3. 5 years, or until the next regular examination, whichever is later
4. 1 year

1. Under West Virginia's long-term care law, the free look period for an LTC policy is:

1. 10 days
2. 30 days
3. 20 days
4. 45 days

2. A West Virginia long-term care policy may NOT condition eligibility for benefits on:

1. An elimination period
2. Cognitive impairment
3. Inability to perform activities of daily living
4. A prior hospitalization

3. Under West Virginia's accident and sickness law, written notice of claim must be given to the insurer within:

1. 20 days after the loss begins
2. 10 days after the loss begins
3. 30 days after the loss begins
4. 90 days after the loss begins

1. The West Virginia Life and Health Insurance Guaranty Association covers life insurance death benefits up to:

1. $500,000
2. $250,000
3. $300,000
4. $100,000

2. The West Virginia guaranty association covers the present value of annuity benefits up to:

1. $100,000
2. $500,000
3. $300,000
4. $250,000

3. The West Virginia guaranty association covers health benefit plans up to:

1. $300,000
2. $500,000
3. $250,000
4. $100,000