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West Virginia Laws and Rules Pertinent to
Insurance. Exam Questions And Answers
100% Pass
The West Virginia Insurance Commissioner attains office in which of the following ways? -
ANS Gubernatorial appointment (Governor of WV)
An offer of life insurance by an insurance company in West Virginia to individuals who are
personally invited to apply on the basis of the offer is known as what type of solicitation? -
ANS Direct response
When a producer is soliciting a client to effect a contract of insurance, the producer is engaged
in - ANS transacting insurance
Courses are approvedfor continuing education credit by the - ANS Insurance Commissioner
and the Board of Insurance Agent Education
If a producer tells an applicant that an insurance policy is like a share of stock, the producer
may be guilty of - ANS misrepresentation
The West Virginia Insurance Commissioner may refuse to renew a producer's license for all of
the following reasons EXCEPT
- violation of an insurance law
- incompetence
, ©EVERLY 2025 ALL RIGHTS RESERVED
- filing for bankruptcy
- untrustworthiness - ANS filing for bankruptcy
If a producer has been engaged in an administrative action by any government agency, within
how many days following the final disposition must the producer report the action to the
Insurance Commissioner? - ANS 30
Which of the following terms defines the authority given to a producer to transact business on
behalf of the insurer? - ANS appointment
An insurance company must do which of the following to terminate an producer's
appointment? - ANS Send notice of termination to the Commissioner
A certificate of authority does which of the following? - ANS Permits an insurance company
to transact business in West Virginia
Which of the following statements is CORRECT about the replacement of one insurance policy
with another? - ANS It is strictly regulated and requires full disclosure by both the producer
and the replacing insurance company
If the Insurance Department discovers that applicants for an insurance license intend to
produce insurance principally on themselves, their family, and their property, which of the
following will happen? - ANS The applicants will not be issued a license
Which of the following parties must provide an insured with proper disclosure concerning the
replacement of an insurance company? - ANS The producer who sells the new insurance
policy
The West Virginia Life and Health Guaranty Association guarantees life insurance death benefits
up to - ANS $300,000
West Virginia Laws and Rules Pertinent to
Insurance. Exam Questions And Answers
100% Pass
The West Virginia Insurance Commissioner attains office in which of the following ways? -
ANS Gubernatorial appointment (Governor of WV)
An offer of life insurance by an insurance company in West Virginia to individuals who are
personally invited to apply on the basis of the offer is known as what type of solicitation? -
ANS Direct response
When a producer is soliciting a client to effect a contract of insurance, the producer is engaged
in - ANS transacting insurance
Courses are approvedfor continuing education credit by the - ANS Insurance Commissioner
and the Board of Insurance Agent Education
If a producer tells an applicant that an insurance policy is like a share of stock, the producer
may be guilty of - ANS misrepresentation
The West Virginia Insurance Commissioner may refuse to renew a producer's license for all of
the following reasons EXCEPT
- violation of an insurance law
- incompetence
, ©EVERLY 2025 ALL RIGHTS RESERVED
- filing for bankruptcy
- untrustworthiness - ANS filing for bankruptcy
If a producer has been engaged in an administrative action by any government agency, within
how many days following the final disposition must the producer report the action to the
Insurance Commissioner? - ANS 30
Which of the following terms defines the authority given to a producer to transact business on
behalf of the insurer? - ANS appointment
An insurance company must do which of the following to terminate an producer's
appointment? - ANS Send notice of termination to the Commissioner
A certificate of authority does which of the following? - ANS Permits an insurance company
to transact business in West Virginia
Which of the following statements is CORRECT about the replacement of one insurance policy
with another? - ANS It is strictly regulated and requires full disclosure by both the producer
and the replacing insurance company
If the Insurance Department discovers that applicants for an insurance license intend to
produce insurance principally on themselves, their family, and their property, which of the
following will happen? - ANS The applicants will not be issued a license
Which of the following parties must provide an insured with proper disclosure concerning the
replacement of an insurance company? - ANS The producer who sells the new insurance
policy
The West Virginia Life and Health Guaranty Association guarantees life insurance death benefits
up to - ANS $300,000
