Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Details & Actual Exam Questions

Exam Code/Number: Virginia-Life-Annuities-and-Health-Insurance
Exam Name/Title: Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Certification Provider: Virginia Insurance
Corresponding Certification: Virginia Insurance License

Exam Questions: 418
Updated On: Sep,11 2026

Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 11-01 Exam Questions

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Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Overview:

Certification Vendor:	Virginia Bureau of Insurance
Exam Name:	VA Life, Annuities & Health Insurance
Exam Number:	11-01
Related Certifications:	Virginia Life and Health Insurance License
Exam Price:	$35 USD
Exam Format:	Multiple Choice
Exam Duration:	150 minutes
Real Exam Qty:	150
Passing Score:	70%
Available Languages:	English
Sample Questions:	Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Sample Questions
Exam Way:	Computer-based testing at Prometric test centers. Two sections: General Knowledge (100 scoreable + 5 pretest questions) and Virginia-Specific (40 scoreable + 5 pretest questions). Must achieve 70% on both sections to pass. Section 1 must be completed before Section 2 begins.
Pre Condition:	None specified. No requirement to be hired or sponsored by an insurance company before taking the exam.
Official Syllabus URL:	https://www.prometric.com/virginia/insurance

Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Syllabus Topics:

Section

Objectives

General Insurance Knowledge (National)

- Life Insurance Policy Provisions, Options and Riders

1. Dividend options
2. Policy loans
3. Settlement options
4. Disability benefits and accelerated death benefits
5. Policy riders
6. Standard contract provisions
7. Nonforfeiture provisions
8. Beneficiary designations

- Types of Life Policies

1. Traditional whole life products
2. Annuities
3. Interest/market-sensitive life products
4. Combination plans and variations
5. Term life

- Life Insurance Basics

1. Premium determination factors
2. Agent sales responsibilities
3. Underwriting process
4. Methods for determining coverage amounts
5. Policy classifications
6. Insurable interest
7. Personal and business uses of life insurance

- Federal Tax Considerations for Health Insurance

1. Personally-owned health insurance tax treatment
2. Employer-provided health insurance tax treatment
3. HSAs, HRAs, and FSAs
4. Business disability insurance

- Completing the Application, Underwriting, and Delivering the Life Policy

1. Underwriting
2. Delivering the policy
3. Completing the application

- Workers Compensation
- Health Insurance Basics

1. Types of benefits
2. Covered perils
3. Common exclusions
4. Agent responsibilities
5. Limited policies
6. Replacement considerations
7. Policy classifications
8. Underwriting processes

- Group Health Insurance

1. Underwriting criteria
2. Employee and dependent eligibility
3. Continuation of coverage under COBRA
4. Group health insurance characteristics
5. Eligible groups
6. Small employer plan requirements

- Individual Health Insurance Policy General Provisions

1. Claims procedures
2. Grace periods
3. Contract terms
4. Renewability classifications
5. Free look period
6. Uniform required and optional provisions

- Federal Tax Considerations for Life Insurance and Annuities

1. Federal tax treatment of death benefits
2. IRAs
3. Policy loans
4. Non-qualified annuities
5. Section 1035 exchanges
6. Modified endowment contracts

- Taxes, Retirement, and Other Life Insurance Concepts

1. Retirement plans
2. Life insurance needs analysis/suitability
3. Group life insurance
4. Third-party ownership
5. Social Security benefits and taxes
6. Tax treatment of insurance premiums, proceeds, and dividends

- Field Underwriting Procedures

1. Replacement
2. Explaining sources of insurability information
3. Contract law
4. Completing application and obtaining necessary signatures
5. Initial premium payment and receipt
6. Explaining policy provisions, riders, exclusions, and ratings
7. Ensuring delivery of policy and related documents to client
8. Submitting application to company for underwriting

- Qualified Plans

1. Qualification requirements
2. SEPs, 401(k)s, and 403(b) plans
3. Employer-sponsored retirement plans
4. Tax advantages

- Dental Insurance

1. Benefit categories
2. Deductibles and coinsurance
3. Employer group dental plans
4. Types of treatment
5. Indemnity plan structures

- Medical Plans

1. Managed care

- Subrogation
- Disability Income and Related Insurance
- Types of Health Policies

1. Disability income
2. Medical expense insurance
3. Accidental death and dismemberment

- Insurance for Senior Citizens and Special Needs Individuals
- Annuities

1. Immediate versus deferred annuities
2. Payment options
3. Fixed and variable annuities
4. Annuity principles
5. Uses for retirement income and tax-deferred growth

Virginia-Specific Content

- Virginia Statutes and Regulations Common to Life, Accident and Health Insurance

1. State Corporation Commission's authority
2. Disciplinary actions
3. Continuing education
4. Virginia licensing requirements
5. Insurance Regulation
6. Appointments
7. Fair Credit Reporting Act
8. ACA market reforms