West Virginia Insurance Producer Licensing

What this document is

West Virginia Insurance Producer Licensing - W. Va. Code Chapter 33, Article 12 (Insurance Producers and Solicitors) is a state statute published by West Virginia Legislature (code.wvlegislature.gov). It is one of the West Virginia documents that insurance license exam questions are written from, including west virginia property & casualty, west virginia personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• W. Va. Code § 33-12-20 (Personal liability of agent)

  “Any agent who participates directly or indirectly in effecting any insurance contract, except authorized reinsurance, upon any subject of insurance resident, located or to be performed in this state, where the insurer is not licensed to transact insurance in this state, shall be personally liable...”

• W. Va. Code § 33-12-17 (Expiration of license; renewal)

  “If another date is not so fixed by the commissioner, each license shall, unless continued as herein above provided, expire at midnight on the thirty-first day of May next following the date of issuance. The commissioner shall renew annually on the date as provided for in this section the license of...”

• W. Va. Code § 33-12-18(b) (Individual insurance producer to deal only with licensed insurer or solicitor; appointment as individual insurance producer required)

  “To appoint an individual insurance producer as its agent, the appointing insurer shall file, in a format approved by the Insurance Commissioner, a notice of appointment within fifteen days from the date the agency contract is executed or the first insurance application is submitted.”

• W. Va. Code § 33-12-19 (Solicitor to act only through appointed agent)

  “A solicitor shall solicit and receive applications for insurance only for the duly licensed agent who appointed such solicitor, and shall report all business through the agent. The expiration, cancellation, suspension or revocation of the license of the appointing agent shall automatically expire,...”

• W. Va. Code § 33-12-16(a) (Temporary licensing)

  “The Insurance Commissioner may issue an individual a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the Insurance Commissioner considers that the temporary license is necessary for the servicing of an insurance business in...”

• W. Va. Code § 33-12-5(e) (Application for examination)

  “An individual who fails to pass examination is limited to seven additional attempts to pass the examination.”

• W. Va. Code § 33-12-22 (Person soliciting insurance is agent of insurer)

  “Any person who shall solicit within this state an application for insurance shall, in any controversy between the insured or his or her beneficiary and the insurer issuing any policy upon such application, be regarded as the agent of the insurer and not the agent of the insured.”

• W. Va. Code § 33-12-12(d) (Nonresident licensing; change of legal residence)

  “(d) A nonresident producer who moves from one state to another state or a resident producer who moves from this state to another state shall file a change of address and provide certification from the new resident state within thirty days of the change of legal residence. No fee or license application is required.”

• W. Va. Code § 33-12-24(c) (Revocation, suspension or refusal to renew license; nonrenewal or denial hearing)

  “(c) In the event that the action by the Insurance Commissioner is to nonrenew or to deny an application for a license, the Insurance Commissioner shall notify the applicant or licensee and advise, in writing, the applicant or licensee of the reason for the denial or nonrenewal of the applicant's or...”

• W. Va. Code § 33-12-27 (Payment of commissions under assigned risk plan)

  “An insurer participating in a plan for assignment of personal injury liability insurance or property damage liability insurance on owner's automobiles or operators, which plan has been approved by the commissioner, may pay a commission to a qualified individual insurance producer who is licensed to...”

• W. Va. Code § 33-12-3(a) (License required)

  “A person may not sell, solicit or negotiate insurance covering subjects of insurance resident, located or to be performed in this state for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this article.”

• W. Va. Code § 33-12-9(a)(6) (Issuance of license)

  “(6) Personal lines. - Property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;”

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More West Virginia sources

• W. Va. Code s. 33-11-4: Unfair methods of competition and deceptive acts definedState statute
• W. Va. Code ch. 33, Insurance: articles 6, 11, 13, 13C, 15, 16 and 16D (203 sections)State statute
• West Virginia Insurance Guaranty Association Act (Property & Casualty) - W. Va. Code Chapter 33, Article 26State statute
• West Virginia Insurance Content OutlinesCandidate handbook or exam outline
• West Virginia Insurance Licensing Candidate HandbookCandidate handbook or exam outline
• West Virginia Life and Health Insurance Guaranty Association Act - W. Va. Code Chapter 33, Article 26AState statute
• West Virginia Motor Vehicle Safety Responsibility Law - W. Va. Code Chapter 17D (Articles 1, 2, 2A, 3, 4, 6)State statute
• West Virginia Insurance Commissioner - Powers, Hearings and Penalties - W. Va. Code Chapter 33, Article 2State statute