Virginia Insurance License
Questions And Answers
What is the maximum amount of continuing education hours for an agent who
been licensed for less than 20 years in Virginia? ANSWERS 16 hours to
include three hours of law or ethics
Any agent broker or counselor is required to notify the commissioner of
insurance of any change of address within how many days of change
ANSWERS 30 days
What type of report would be provided by a consumer reporting agency
containing information on a consumer's character, general reputation,
personal characteristics or mode of living as obtained through personal
contact with neighbors, friends or associates of the consumer? ANSWERS
Investigative consumer report
Making a derogatory statement, which is intended to injure a person in the
insurance business is an illegal practice known as: ANSWERS Defamation
When can the Bureau of insurance examine an agents record? ANSWERS
Anytime
In addition to other penalties set forth in the code,the specific penalty to the
agent for submitting business without the required license is: ANSWERS A
fine equal to the first year's commission
To satisfy the continuing education requirements an agent who hold only two
licenses is required to complete at least ANSWERS 24 hours of continuing
education
Licensed insurance agent in Virginia are required to notify the commission of
any conviction of felony within ANSWERS 30 days
The bureau of insurance is a division of: ANSWERS The State Corporation
commission
Questions And Answers
What is the maximum amount of continuing education hours for an agent who
been licensed for less than 20 years in Virginia? ANSWERS 16 hours to
include three hours of law or ethics
Any agent broker or counselor is required to notify the commissioner of
insurance of any change of address within how many days of change
ANSWERS 30 days
What type of report would be provided by a consumer reporting agency
containing information on a consumer's character, general reputation,
personal characteristics or mode of living as obtained through personal
contact with neighbors, friends or associates of the consumer? ANSWERS
Investigative consumer report
Making a derogatory statement, which is intended to injure a person in the
insurance business is an illegal practice known as: ANSWERS Defamation
When can the Bureau of insurance examine an agents record? ANSWERS
Anytime
In addition to other penalties set forth in the code,the specific penalty to the
agent for submitting business without the required license is: ANSWERS A
fine equal to the first year's commission
To satisfy the continuing education requirements an agent who hold only two
licenses is required to complete at least ANSWERS 24 hours of continuing
education
Licensed insurance agent in Virginia are required to notify the commission of
any conviction of felony within ANSWERS 30 days
The bureau of insurance is a division of: ANSWERS The State Corporation
commission
