VA State Life, Annuities, And Health Exam, 2nd Part Only 100% Pass

VA State Life, Annuities, And Health Exam, 2nd Part Only 100% Pass The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... ... 5 years. Notice of a hearing for a cease and desist order must include the time and place of the hearing and give at least ________ in advance. 10 days Any person who knowingly or willfully violates the Insurance Code of this state will be subject to a penalty up to _______ for each violation. $5,000 Any person who violates the Insurance Code without knowledge or intent may be subject to a penalty of not more than ________ for each violation. $1,000 A series of similar violations resulting from the same act will be limited to a total penalty of not more than ________. $10,000 Applicant must apply for and obtain a license within ________ of passing the state prelicensing exam. 6 months (183 calendar days) Each applicant for an insurance consultant's license must submit a nonrefundable application processing fee of ________ at the time of initial application. $50 Any individual or business entity conducting the business of insurance under an assumed or fictitious name must notify the Bureau of Insurance either at the time of application for licensure or within ________ calendar days from the date the assumed or fictitious name is adopted. 30 A licensed agent may sell or solicit insurance on behalf of an insurer if the agent has not yet been appointed as long as the appointing insurer files a notice of appointment within ________ calendar days from the first insurance application or policy was submitted. 30 If the Commission determines the appointment is invalid, the appointing insurer will be notified within ________ business days. 5 The Bureau will automatically terminate all insurance licenses within ________ calendar days of receiving notification that a domestic or foreign corporation is no longer operating. 90 If an agent's appointment is terminated, suspended or revoked, the agent must cease selling or soliciting on behalf of the insurer within ________calendar days. 10 Upon the termination of the appointment of an agent by an insurer, the insurer must notify the agent within ________ calendar days 5 Upon the termination of the appointment of an agent by an insurer, the insurer must notify the Commission within ________ calendar days 30 Within ________ calendar days after notifying the Commission of an agent's appointment termination, the insurer must mail a copy of the notification to the agent at his last known address. 15 Within ________ calendar days after the agent has received notification, the agent may file written comments with the Commission. 30 In this state, continuing education (CE) is required ________ (every 2 years) of every resident and nonresident agent biennially Any agent who holds one type of license