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  • VIRGINIA HIC 2026
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Virginia Hic Exam A+ Grade Assured Complete Solutions And Verified Answers

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Institution VIRGINIA HIC 2026
Course VIRGINIA HIC 2026
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VIRGINIA HIC EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

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EXAM

Exam Solution
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Virginia Contractor 2026 A+ GRADE ASSURED COMPLE +t +t +t +t +t +t




TE SOLUTIONS AND VERIFIED ANSWERS (9242C)
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QUESTION 1 +t




What is the MAXIMUM penalty for a contractor who undertakes work without the prope
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r class of license?
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ANSWER

$500 fine. +t




QUESTION 2 +t




Which of the following is a requirement for a joint venture?
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ANSWER

Either the joint venture or each contracting party of the joint venture must be licensed.
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QUESTION 3 +t




The application for licensure MUST include
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ANSWER

the business address of the proposed designated employee.
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QUESTION 4 +t




All Class A contractor licensure applications MUST include
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ANSWER

information on the knowledge, skills, and abilities of the applicant.
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QUESTION 5 +t

, When a claimant is paid funds from the Contractors Recovery Trust Fund
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ANSWER

the contractor's license is revoked.
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QUESTION 6 +t




All of the following must be licensed EXCEPT
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ANSWER

a material supplier who advises a contractor.
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QUESTION 7 +t




What is the PRIMARY purpose of licensing?
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ANSWER

Protect the health and welfare of the public.
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QUESTION 8 +t




A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth o
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f
ANSWER

$15,000.



QUESTION 9 +t




A licensee's name change MUST be reported to the Board within a MAXIMUM of how ma
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ny days?+t




ANSWER

30 days.
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QUESTION 10 +t




According to the Board Rules and Regulations, which of the following could be a qualifie
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d individual?
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ANSWER

Any full-time employee.
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