A licensing candidate reads that a life policy's benefit can be adjusted after a misstatement in the application. Under Va. Code § 38.2-3306, which misstatement does Virginia's benefit-adjustment rule address?

Why A is correct

Va. Code § 38.2-3306 addresses misstatement of age only: the death benefit becomes what the premiums paid would have purchased at the correct age. Although some study materials pair 'age and gender' when describing this topic, the Virginia statute as written covers age — no gender-adjustment rule may be keyed to Virginia law. A candidate who answers 'both' or 'gender' has imported a rule that the statute does not contain, and the Virginia Bureau of Insurance administers the provision as written.

Why the other options are wrong

• B) Virginia's statute contains no gender-misstatement adjustment; do not attribute that rule to Va. Code § 38.2-3306.
• C) The statute covers age only; adding gender overstates what Va. Code § 38.2-3306 provides.
• D) Misstatements about hobbies and avocations are not the subject of the benefit-adjustment rule; the statute addresses age.

Memory hook

Virginia adjusts for age only — gender never entered the statute.