Virginia Property & Casualty Insurance License Exam — All Questions

For a Virginia auto policy effective on or after January 1, 2025, what are the minimum bodily-injury liability limits?

• a.$25,000 per person / $50,000 per accident
• b.$30,000 per person / $60,000 per accident
• c.$40,000 per person / $80,000 per accident
• d.$50,000 per person / $100,000 per accident✓

Virginia Code 46.2-472 sets minimum bodily-injury limits of $50,000 per person and $100,000 per accident (50/100) for policies effective on or after January 1, 2025, reflecting a scheduled increase. Because minimums can change, confirm the current figures with the Virginia Bureau of Insurance.

For a Virginia auto policy effective on or after January 1, 2025, what is the minimum property-damage liability limit?

• a.$20,000 per accident
• b.$25,000 per accident✓
• c.$10,000 per accident
• d.Virginia has no property-damage minimum

Under Virginia Code 46.2-472, the property-damage liability minimum is $25,000 per accident for policies effective on or after January 1, 2025, alongside the 50/100 bodily-injury minimums. These statutory minimums can change; verify current figures with the Virginia Bureau of Insurance.

Virginia has historically been unusual in how it treats compulsory auto insurance. Which statement best reflects that history?

• a.Virginia has never required auto liability insurance
• b.Virginia formerly let a motorist pay an Uninsured Motor Vehicle (UMV) fee to the DMV instead of buying liability insurance; a producer should confirm the current requirement✓
• c.Virginia requires no-fault PIP on every policy
• d.Virginia bars uninsured motorist coverage

Virginia long allowed a motorist to pay an Uninsured Motor Vehicle (UMV) fee to the DMV as an alternative to carrying liability insurance, an unusual feature among the states. This option has been changing, so a producer should confirm the current requirement with the Virginia DMV and Bureau of Insurance rather than assume the fee is still available.

How is Virginia's auto system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.An add-on state with mandatory first-party PIP benefits
• c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
• d.A state with no financial-responsibility requirement

Virginia is a tort, or at-fault, state: it does not mandate no-fault PIP, so an injured person keeps the right to sue the at-fault driver for damages. Virginia also follows a strict contributory-negligence rule, under which a claimant even slightly at fault may be barred from recovery. Confirm current requirements with the Virginia Bureau of Insurance.