West Virginia Laws and Rules Per nent to Insurance
With 94 Ques ons and answers Newest RATED A+
2025/2026 NEW!! 100% VERIFIED CORRECT NEW!!
The West Virginia Insurance Commissioner a ains 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 solicita&on? - Ans
Direct response
When a producer is solici&ng a client to effect a contract of insurance, the producer is engaged
in - Ans transac&ng insurance
Courses are approvedfor con&nuing educa&on credit by the - Ans Insurance Commissioner and
the Board of Insurance Agent Educa&on
If a producer tells an applicant that an insurance policy is like a share of stock, the producer
may be guilty of - Ans misrepresenta&on
The West Virginia Insurance Commissioner may refuse to renew a producer's license for all of
the following reasons EXCEPT
- viola&on of an insurance law
- incompetence
- filing for bankruptcy
- untrustworthiness - Ans filing for bankruptcy
, If a producer has been engaged in an administra&ve ac&on by any government agency, within
how many days following the final disposi&on must the producer report the ac&on 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 no&ce of termina&on to the Commissioner
A cer&ficate 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 par&es 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 Associa&on guarantees life insurance death benefits
up to - Ans $300,000
In West Virginia, the Insurance Commissioner has the power to penalize a producer for a
viola&on in which of the following ways? - Ans A fine, only a9er a hearing
With 94 Ques ons and answers Newest RATED A+
2025/2026 NEW!! 100% VERIFIED CORRECT NEW!!
The West Virginia Insurance Commissioner a ains 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 solicita&on? - Ans
Direct response
When a producer is solici&ng a client to effect a contract of insurance, the producer is engaged
in - Ans transac&ng insurance
Courses are approvedfor con&nuing educa&on credit by the - Ans Insurance Commissioner and
the Board of Insurance Agent Educa&on
If a producer tells an applicant that an insurance policy is like a share of stock, the producer
may be guilty of - Ans misrepresenta&on
The West Virginia Insurance Commissioner may refuse to renew a producer's license for all of
the following reasons EXCEPT
- viola&on of an insurance law
- incompetence
- filing for bankruptcy
- untrustworthiness - Ans filing for bankruptcy
, If a producer has been engaged in an administra&ve ac&on by any government agency, within
how many days following the final disposi&on must the producer report the ac&on 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 no&ce of termina&on to the Commissioner
A cer&ficate 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 par&es 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 Associa&on guarantees life insurance death benefits
up to - Ans $300,000
In West Virginia, the Insurance Commissioner has the power to penalize a producer for a
viola&on in which of the following ways? - Ans A fine, only a9er a hearing
