West Virginia Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in West Virginia?

• a.The West Virginia Offices of the Insurance Commissioner✓
• b.The West Virginia Division of Motor Vehicles
• c.The West Virginia Bureau of Insurance Agents
• d.The federal Department of Insurance

Insurance in West Virginia is regulated by the Offices of the Insurance Commissioner (OIC), led by an appointed Insurance Commissioner. It licenses producers and companies, reviews rates and forms, and enforces the insurance code. There is no federal insurance department. Source: West Virginia Offices of the Insurance Commissioner (https://www.wvinsurance.gov).

After a producer is licensed in West Virginia, what generally must occur before transacting business for a specific insurer?

• a.Nothing further — the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, with the appointment on file with the Offices of the Insurance Commissioner✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must first sell to at least five clients on a temporary permit

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the West Virginia Offices of the Insurance Commissioner. A producer may hold appointments from several insurers at once. This follows the NAIC producer-licensing model West Virginia uses.

Which statement about continuing education (CE) for resident personal lines producers in West Virginia is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Offices of the Insurance Commissioner✓
• b.CE is optional and only recommended for new producers
• c.CE is required once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from all CE

Like other states, West Virginia requires resident producers to complete approved continuing education each renewal cycle, typically including an ethics component, before renewing. Because specific hour totals can change, verify the current CE requirement with the West Virginia Offices of the Insurance Commissioner (https://www.wvinsurance.gov).