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WV Life Insurance Laws and Rules
Questions and Correct Answers/ Latest
Update / Already Graded
Examination of Records
Ans: The Commissioner can examine anyone in the business of
insurance in the state at anytime. A company shall be examined
every 5 years.
Notice and Hearing
Ans: the Commissioner may call and hold hearings for any
purpose deemed necessary.
Insurance Commissioner
Ans: the commissioner may conduct investigations or
examinations whenever deemed necessary, subpoena the
witnesses to testify.
cease and desist order
Ans: the commissioner may issue this order to any person
committed of an unfair or deceptive act.
All rights reserved © 2025/ 2026 |
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Insurance Transaction
Ans: solicitation or inducement to purchase insurance,
negotiations towards the sale of insurance, executing a contract
of insurance, advising on coverages and claims.
Producer
Ans: an applicant for a West Virginia insurer must be: 18 years
of age, not committed any act that is grounds for suspension
etc., completed a pre licensing course, passed the state exam,
submit the app with fees, not intended to use the license
primarily for controlled business, deemed trustworthy and
competent.
Continuing Education
Ans: must complete 24 hrs of continuing education every 2
years to keep their license. 3 of these hours are to be in ethics.
Fingerprinting
Ans: The Commissioner requires all applicants be fingerprinted
and background checked before obtaining their ins. license.
Free Look Period
All rights reserved © 2025/ 2026 |
WV Life Insurance Laws and Rules
Questions and Correct Answers/ Latest
Update / Already Graded
Examination of Records
Ans: The Commissioner can examine anyone in the business of
insurance in the state at anytime. A company shall be examined
every 5 years.
Notice and Hearing
Ans: the Commissioner may call and hold hearings for any
purpose deemed necessary.
Insurance Commissioner
Ans: the commissioner may conduct investigations or
examinations whenever deemed necessary, subpoena the
witnesses to testify.
cease and desist order
Ans: the commissioner may issue this order to any person
committed of an unfair or deceptive act.
All rights reserved © 2025/ 2026 |
, Page |2
Insurance Transaction
Ans: solicitation or inducement to purchase insurance,
negotiations towards the sale of insurance, executing a contract
of insurance, advising on coverages and claims.
Producer
Ans: an applicant for a West Virginia insurer must be: 18 years
of age, not committed any act that is grounds for suspension
etc., completed a pre licensing course, passed the state exam,
submit the app with fees, not intended to use the license
primarily for controlled business, deemed trustworthy and
competent.
Continuing Education
Ans: must complete 24 hrs of continuing education every 2
years to keep their license. 3 of these hours are to be in ethics.
Fingerprinting
Ans: The Commissioner requires all applicants be fingerprinted
and background checked before obtaining their ins. license.
Free Look Period
All rights reserved © 2025/ 2026 |
