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  2. Virginia
  3. Property & Casualty
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Virginia Property & Casualty exam — 27 practice questions.

Subtopics: Regulatory authority, License authority, Exam, Renewal, Continuing education, Appointment, Unfair claims practices, Misrepresentation, Rebating, Cancellation notice, Nonrenewal, Guaranty association, Fiduciary, Penalties, Rate regulation, Surplus lines, Claims handling, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements

Read the Insurance Regulation study guide

Sample questions & answers

1. Property and casualty insurance in Virginia is regulated by:

The State Corporation Commission's Bureau of Insurance

The SCC Bureau of Insurance regulates property and casualty insurance in Virginia; the regulator is not elected.

2. To sell property and casualty insurance in Virginia a person must hold:

A license with the property and casualty lines of authority

A producer must hold the property and casualty lines of authority to transact those products.

3. Resident property and casualty applicants in Virginia generally must:

Pass the licensing examination

Resident applicants must generally pass the licensing exam for the lines requested unless exempt.

4. On what schedule are Virginia resident producer licenses generally renewed?

Biennially with required continuing education

Licenses are maintained biennially with CE completed before renewal.

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Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.