Virginia Property & Casualty Insurance License Exam — All Questions
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2 questions
Virginia Licensing & CE
Before a licensed Virginia producer may transact business for a specific insurer, what must occur?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer, with the appointment on file with the Bureau of Insurance✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must become a resident of the insurer's home state
A license lets a person act as a producer, but to represent a specific insurer that company must appoint the producer, with the appointment on file with the Virginia Bureau of Insurance. A producer may hold appointments from several insurers at once.
Virginia Licensing & CE
Which statement best describes continuing education (CE) for a Virginia resident P&C producer?
- a.CE is never required
- b.CE is required only before the first renewal
- c.State-approved continuing education, including an ethics component, is required each renewal cycle✓
- d.CE can be satisfied only by retaking the licensing exam
Following the NAIC model, Virginia requires resident producers to complete approved continuing education each renewal cycle, including ethics. The exact hour totals are set by the Virginia Bureau of Insurance and should be verified before renewal.