Virginia Life & Health Insurance License Exam

Q1.An employer in Virginia wishes to establish a group life insurance policy for a single employee. Based on state regulations, which statement best describes the eligibility of this plan?

1. The plan is permitted because any number of people can be enrolled in a group policy.
2. The plan is denied because Virginia requires at least two persons, other than spouses or minor children, to be covered.Correct
3. The plan is permitted as long as the employee's spouse is also included in the coverage.
4. The plan is denied because Virginia law requires a minimum of five people to be enrolled.

Q2.Under Virginia group life insurance regulations, which of the following children would be eligible for coverage as a dependent?

1. A child who is 21 years old and a full-time student.Correct
2. A child who is 23 years old and not enrolled in school.
3. Only children who are under the age of 18.
4. No children are eligible for coverage under a group plan.

Q3.A Virginia employee's 22-year-old child is currently enrolled as a full-time student. Under Virginia group life insurance regulations, is this child eligible for coverage?

1. No, because the age limit for all children is strictly under 19.
2. Yes, because they are a dependent and a full-time student under the age of 25.Correct
3. No, because dependents must be under 18 to qualify for group life benefits.
4. Yes, regardless of student status, as long as the child is under 21.