West Virginia Insurance Law Exam 2026: Complete Practice Test with
Verified Answers, Exams of Insurance law
Insurance Commissioner: (Appointment & Duties) - ANSWER* Appointed by
Governor for a 6-year term
* Enforces Insurance Code
Insurance Commissioner: (Powers) - ANSWER* Examine / investigate insurers
and producers
* Hold hearing - take depositions - compel witness to testify
Insurance Commissioner must inspect each insurer every ____ years. -
ANSWEREvery 5 years
Insurance Commissioner must hold a hearing within ____ days of a written
demand, unless delayed by mutual agreement. - ANSWER45 days
The Commissioner must give at least ____ days notice of the time, place and
scope of matters of the hearing to all directly affected persons. - ANSWER15
days
, The Commissioner must enter an order pertaining to a hearing within ____
days after its completion unless extended by mutual consent. - ANSWER45
days
If after notice and a hearing, the Commissioner determines a person or
insurer has violated any insurance law, regulation, rule, or order, he may issue
a ___________ to that person to discontinue the violation. - ANSWERcease
and desist order
If the person or insurer does not comply with the order within _____ days,
the Commissioner may revoke the license and assess a penalty of up to
$________. - ANSWER20 days / $10,000
The Commissioner may also require insurers to pay a penalty up $____ per
violation. If an insurer commits unfair claim settlement practices, the
Commissioner may assess a penalty of up to $_____, as well as restitution to
the claimant. - ANSWER$10,000 / $250,000
After notice and a hearing, the Commissioner may place on probation,
suspend, revoke, or refuse to renew the license of any insurer for: - ANSWER*
Violation of any insurance law, regulation, rule, or order of the Commissioner;
* Providing incorrect, misleading, or untrue information in the license
application or obtaining a license through misrepresentation or fraud;
Improperly withholding or misappropriating money or property received in
the course of doing insurance business;
* Intentionally misrepresenting the terms of an insurance contract or
application;
* Conviction or pleading no contest to any felony or a misdemeanor in
connection with insurance transactions;
* Committing any unfair trade practice or insurance fraud;
Verified Answers, Exams of Insurance law
Insurance Commissioner: (Appointment & Duties) - ANSWER* Appointed by
Governor for a 6-year term
* Enforces Insurance Code
Insurance Commissioner: (Powers) - ANSWER* Examine / investigate insurers
and producers
* Hold hearing - take depositions - compel witness to testify
Insurance Commissioner must inspect each insurer every ____ years. -
ANSWEREvery 5 years
Insurance Commissioner must hold a hearing within ____ days of a written
demand, unless delayed by mutual agreement. - ANSWER45 days
The Commissioner must give at least ____ days notice of the time, place and
scope of matters of the hearing to all directly affected persons. - ANSWER15
days
, The Commissioner must enter an order pertaining to a hearing within ____
days after its completion unless extended by mutual consent. - ANSWER45
days
If after notice and a hearing, the Commissioner determines a person or
insurer has violated any insurance law, regulation, rule, or order, he may issue
a ___________ to that person to discontinue the violation. - ANSWERcease
and desist order
If the person or insurer does not comply with the order within _____ days,
the Commissioner may revoke the license and assess a penalty of up to
$________. - ANSWER20 days / $10,000
The Commissioner may also require insurers to pay a penalty up $____ per
violation. If an insurer commits unfair claim settlement practices, the
Commissioner may assess a penalty of up to $_____, as well as restitution to
the claimant. - ANSWER$10,000 / $250,000
After notice and a hearing, the Commissioner may place on probation,
suspend, revoke, or refuse to renew the license of any insurer for: - ANSWER*
Violation of any insurance law, regulation, rule, or order of the Commissioner;
* Providing incorrect, misleading, or untrue information in the license
application or obtaining a license through misrepresentation or fraud;
Improperly withholding or misappropriating money or property received in
the course of doing insurance business;
* Intentionally misrepresenting the terms of an insurance contract or
application;
* Conviction or pleading no contest to any felony or a misdemeanor in
connection with insurance transactions;
* Committing any unfair trade practice or insurance fraud;
